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Northwest Natural Gas Co (NWN)



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Upturn Advisory Summary
08/28/2025: 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 -20.87% | Avg. Invested days 35 | 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 1.70B USD | Price to earnings Ratio 16.29 | 1Y Target Price 52 |
Price to earnings Ratio 16.29 | 1Y Target Price 52 | ||
Volume (30-day avg) 5 | Beta 0.56 | 52 Weeks Range 36.70 - 43.78 | Updated Date 08/29/2025 |
52 Weeks Range 36.70 - 43.78 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 4.74% | Basic EPS (TTM) 2.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-08-05 | When - | Estimate -0.11 | Actual -0.13 |
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 16.29 | Forward PE 14.35 | Enterprise Value 4053000117 | Price to Sales(TTM) 1.37 |
Enterprise Value 4053000117 | Price to Sales(TTM) 1.37 | ||
Enterprise Value to Revenue 3.27 | Enterprise Value to EBITDA 9.64 | Shares Outstanding 40938400 | Shares Floating 40679698 |
Shares Outstanding 40938400 | Shares Floating 40679698 | ||
Percent Insiders 0.74 | Percent Institutions 83.59 |
Upturn AI SWOT
Northwest Natural Gas Co

Company Overview
History and Background
Northwest Natural Gas Company (NWN) was founded in 1859 and is headquartered in Portland, Oregon. It's one of the oldest companies in the Pacific Northwest. Initially, it provided manufactured gas for lighting, later transitioning to natural gas distribution.
Core Business Areas
- Natural Gas Distribution: The primary business segment involves the distribution of natural gas to residential, commercial, and industrial customers in Oregon and Southwest Washington. This includes the operation and maintenance of distribution pipelines, meters, and related equipment.
- Other Businesses: Includes water and wastewater services through NW Natural Water and renewable natural gas investments.
Leadership and Structure
NW Natural is led by a board of directors and a senior management team headed by the President and CEO. The organizational structure is typical of a publicly traded utility, with divisions focused on operations, finance, customer service, and strategy.
Top Products and Market Share
Key Offerings
- Natural Gas Distribution: Provides natural gas to over 2.5 million people. Market share data is regionally focused, competing with other energy sources and local utilities. Competitors include other energy companies and electric utilities.
- Water and Wastewater Services: Provides water and wastewater services in the Pacific Northwest. Revenue from this product contributes to the total revenue, and the number of users reflects a small but increasing portion of their portfolio. Competitors include regional water and wastewater companies.
Market Dynamics
Industry Overview
The natural gas distribution industry is characterized by regulated rates, infrastructure investment, and a focus on safety and reliability. There is growing interest in renewable natural gas and decarbonization efforts.
Positioning
NW Natural is a regional player with a strong presence in Oregon and Southwest Washington. Its competitive advantages include a long-standing reputation, established infrastructure, and a commitment to sustainability through investments in renewable energy sources. The company is growing its water and wastewater services businesses.
Total Addressable Market (TAM)
The TAM for natural gas distribution in the Pacific Northwest is estimated to be in the billions of dollars. NW Natural captures a sizable portion of this market with potential growth into water/wastewater and renewable energy.
Upturn SWOT Analysis
Strengths
- Established infrastructure
- Strong regional presence
- Reliable service
- Regulated rate structure
Weaknesses
- Dependence on natural gas prices
- Regulatory scrutiny
- Geographic concentration
- Vulnerable to infrastructure failures
Opportunities
- Expansion of renewable natural gas offerings
- Growth in water and wastewater services
- Infrastructure upgrades
- Government incentives for clean energy
Threats
- Increasing adoption of renewable energy sources
- Environmental regulations
- Fluctuations in natural gas prices
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- Spire (SR)
- Atmos Energy (ATO)
- UGI Corporation (UGI)
Competitive Landscape
NW Natural competes on reliability, customer service, and increasingly, sustainability. Competitors have a wider national footprint but NWN is strong in the Pacific Northwest.
Growth Trajectory and Initiatives
Historical Growth: Growth has been steady but modest, driven by population growth in its service areas and infrastructure investments.
Future Projections: Analysts project continued steady growth, with potential upside from renewable energy initiatives.
Recent Initiatives: Recent strategic initiatives include investments in renewable natural gas projects and water and wastewater services.
Summary
Northwest Natural is a stable utility company with a strong regional presence and a commitment to sustainability. Its dividend payouts attract income-seeking investors. However, it faces challenges from regulatory scrutiny and the transition to renewable energy. Its water/wastewater operations could grow considerably.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations Website
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Investment decisions should be made based on individual risk tolerance and after consulting with a qualified financial advisor.
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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