Northwest Natural Gas (NWN) Misses Q1 EPS by 10c, reaffirms guidance

Northwest Natural Gas (NYSE: NWN) reported Q1 EPS of $1.69, $0.10 worse than the analyst estimate of $1.79. Revenue for the quarter came in at $433.47 million versus the consensus estimate of $447.89 million.

GUIDANCE:

Northwest Natural Gas sees FY2024 EPS of $2.20-$2.40, versus the consensus of $2.29.

While subject to change, the Company currently expects the timing of the 2024 quarterly distribution of consolidated earnings per share to be the following:

Second quarter to be a loss in the range of -$0.08 to -$0.16, versus the consensus of $0.00.
Third quarter to be a loss in the range of -$0.74 to -$0.86, versus the consensus of -$0.80.
Fourth quarter to be earnings in the range of $1.43 to $1.63, versus the consensus of $1.25.

For earnings history and earnings-related data on Northwest Natural Gas (NWN) click here.

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