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Northwest Natural Gas Co (NWN)



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Upturn Advisory Summary
09/12/2025: NWN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $52
1 Year Target Price $52
3 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -19.01% | Avg. Invested days 36 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.73B USD | Price to earnings Ratio 16.64 | 1Y Target Price 52 |
Price to earnings Ratio 16.64 | 1Y Target Price 52 | ||
Volume (30-day avg) 5 | Beta 0.59 | 52 Weeks Range 36.70 - 43.78 | Updated Date 09/12/2025 |
52 Weeks Range 36.70 - 43.78 | Updated Date 09/12/2025 | ||
Dividends yield (FY) 4.64% | Basic EPS (TTM) 2.54 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.34% | Operating Margin (TTM) 11.52% |
Management Effectiveness
Return on Assets (TTM) 2.86% | Return on Equity (TTM) 7.36% |
Valuation
Trailing PE 16.64 | Forward PE 14.45 | Enterprise Value 4090254088 | Price to Sales(TTM) 1.4 |
Enterprise Value 4090254088 | Price to Sales(TTM) 1.4 | ||
Enterprise Value to Revenue 3.3 | Enterprise Value to EBITDA 9.73 | Shares Outstanding 40938400 | Shares Floating 40680517 |
Shares Outstanding 40938400 | Shares Floating 40680517 | ||
Percent Insiders 0.74 | Percent Institutions 83.64 |
Upturn AI SWOT
Northwest Natural Gas Co

Company Overview
History and Background
Northwest Natural Gas Company, now known as NW Natural Holdings, was founded in 1859 in Portland, Oregon. It started as the Portland Gas Light Company, providing gas for street lighting. Over time, it expanded to serve residential and commercial customers, evolving into a modern natural gas utility company.
Core Business Areas
- Natural Gas Distribution: The core business segment involves distributing natural gas to residential, commercial, and industrial customers in Oregon and Southwest Washington. This includes maintaining and operating the distribution network.
- Other Businesses: This segment includes activities such as natural gas storage, renewable natural gas (RNG) development, water and wastewater services.
Leadership and Structure
NW Natural Holdings has a board of directors and an executive leadership team led by the CEO. The company is structured with various departments including operations, finance, marketing, and regulatory affairs.
Top Products and Market Share
Key Offerings
- Natural Gas Delivery: Delivery of natural gas to residential, commercial, and industrial customers. NW Natural has a significant market share in its service territory (Oregon and Southwest Washington), estimated at around 60-70%. Competitors are mainly electric utilities like Portland General Electric (POR) and Pacific Power.
- Renewable Natural Gas (RNG): NW Natural is developing and sourcing RNG for its customers, which is an alternative to traditional natural gas. The RNG market is still developing, so specific market share data is not readily available. Competitors include other RNG developers and energy companies investing in renewable fuels.
Market Dynamics
Industry Overview
The natural gas distribution industry is relatively stable, with demand driven by heating and industrial needs. It is subject to regulatory oversight, which impacts pricing and operations. There is increasing pressure to decarbonize, leading to investments in renewable energy and alternative fuels.
Positioning
NW Natural is a well-established utility with a strong presence in its service territory. It benefits from a stable customer base and regulatory framework. Its investments in RNG position it to address decarbonization trends.
Total Addressable Market (TAM)
The TAM is defined by the energy needs of residential, commercial, and industrial consumers in Oregon and SW Washington for the main Natural Gas Delivery. Also, the RNG is a smaller but quickly developing market. NW Natural has a significant market presence within its geographical footprint. The TAM for natural gas in the region is estimated to be in the billions of dollars annually.
Upturn SWOT Analysis
Strengths
- Established infrastructure
- Stable customer base
- Regulatory support
- Experienced management team
- Strong brand recognition
Weaknesses
- Dependence on natural gas prices
- Exposure to regulatory changes
- Limited geographic diversification
- Capital intensive operations
Opportunities
- Expansion into renewable energy
- Infrastructure upgrades
- Geographic expansion
- Growing demand for RNG
- Partnerships and acquisitions
Threats
- Increasing competition from electric utilities
- Environmental regulations
- Fluctuations in natural gas prices
- Economic downturns
- Technological disruptions
Competitors and Market Share
Key Competitors
- Portland General Electric (POR)
- Avista Corp (AVA)
- Cascade Natural Gas (NWN's own subsidiary)
Competitive Landscape
NW Natural has a strong competitive position due to its established infrastructure and customer base. However, it faces competition from electric utilities and is subject to regulatory pressures.
Growth Trajectory and Initiatives
Historical Growth: NW Natural's historical growth has been steady but not rapid, driven by population growth in its service territory and stable demand for natural gas.
Future Projections: Analysts' projections for NW Natural's future growth would include revenue growth rates, earnings growth rates, and capital expenditure plans.
Recent Initiatives: Recent strategic initiatives include investments in RNG infrastructure, expansion into water and wastewater services, and energy efficiency programs.
Summary
NW Natural is a stable, dividend-paying utility with a strong presence in its service territory. Its investments in RNG offer growth potential, but it faces challenges from competition and environmental regulations. The company benefits from a reliable customer base but needs to adapt to evolving energy markets. Regulatory oversight and natural gas price volatility remain key considerations.
Peer Comparison
Sources and Disclaimers
Data Sources:
- NW Natural Investor Relations
- SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northwest Natural Gas Co
Exchange NYSE | Headquaters Portland, OR, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Mr. Justin B. Palfreyman | ||
Sector Utilities | Industry Utilities - Regulated Gas | Full time employees 1452 | |
Full time employees 1452 |
Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center. It also engages in gas storage, water and wastewater, non-regulated renewable natural gas, and other investment businesses. In addition, the company offers natural gas service in Oregon and southwest Washington; and water and wastewater connections. Northwest Natural Holding Company was founded in 1859 and is headquartered in Portland, Oregon.

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