Northwest Natural Gas Earnings: Here’s Why Investors Like These Results

Northwest Natural Gas Company (NYSE:NWN) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.24%.

Northwest Natural Gas Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 60% to $0.08 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Rose 23.58% to $131.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Northwest Natural Gas Company reported adjusted EPS income of $0.08 per share. By that measure, the company missed the mean analyst estimate of $0.09. It beat the average revenue estimate of $113.15 million.

Quoting Management: “The Company performed as expected in the quarter, with margins up over last year as we saw the timing differences created by the recent rate case turning around,” said Gregg Kantor, President and Chief Executive Officer. “In addition, filing the settlements on two key policy issues marked significant progress toward resolution of our open regulatory dockets. We are pleased with the outcome of the settlements and believe the process resulted in a fair decision for all parties involved.”

Key Stats (on next page)…

Revenue decreased 52.6% from $277.86 million in the previous quarter. EPS decreased 94.29% from $1.40 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.28 to a loss $0.31. For the current year, the average estimate has moved down from a profit of $2.26 to a profit of $2.25 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)