Northwest Natural Holding Company(NYSE:NWN)

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial, and transportation customers in Oregon and Southwest Washington. The company also owns and operates 20 Bcf of undergr...
Website: http://www.nwnatural.com
Founded: 1859
Full Time Employees: 1,200
Sector: Utilities
Industry: Utilities-Regulated Gas
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenues | 490,403,000 | 394,157,000 | 164,728,000 | 236,194,000 | 494,284,000 | 136,934,000 | 211,714,000 | 433,470,000 | 355,714,000 | 141,479,000 | 237,859,000 | 462,423,000 | 375,253,000 | 116,839,000 | 194,960,000 | 350,301,000 | 294,090,000 | 101,447,000 | 148,917,000 | 315,946,000 | 260,273,000 | 93,284,000 | 134,971,000 | 285,151,000 | 247,264,000 | 90,317,000 | 123,443,000 | 285,348,000 | 226,702,000 | 91,239,000 |
operating expenses: | ||||||||||||||||||||||||||||||
cost of gas | 158,149,000 | 118,654,000 | 39,428,000 | 64,503,000 | 172,991,000 | 38,902,000 | 72,970,000 | 175,717,000 | 142,475,000 | 49,180,000 | 102,433,000 | 205,749,000 | 168,222,000 | 36,105,000 | 79,720,000 | 145,588,000 | 113,645,000 | 25,266,000 | 41,193,000 | 112,210,000 | 89,266,000 | 23,741,000 | 41,210,000 | 108,538,000 | 91,744,000 | 22,603,000 | 35,107,000 | 105,457,000 | 79,822,000 | 25,538,000 |
operations and maintenance | 83,109,000 | 87,832,000 | 76,785,000 | 79,065,000 | 83,683,000 | 63,940,000 | 64,950,000 | 73,614,000 | 73,606,000 | 61,524,000 | 66,819,000 | 71,817,000 | 63,262,000 | 50,745,000 | 53,175,000 | 57,485,000 | 54,660,000 | 47,329,000 | 50,047,000 | 52,191,000 | 45,873,000 | 41,352,000 | 43,983,000 | 48,921,000 | 46,337,000 | 40,886,000 | 39,486,000 | 51,482,000 | 41,578,000 | 37,569,000 |
environmental remediation | 6,325,000 | 4,827,000 | 1,247,000 | 2,296,000 | 6,253,000 | 1,151,000 | 2,329,000 | 5,746,000 | 4,352,000 | 1,032,000 | 2,140,000 | 5,375,000 | 4,439,000 | 980,000 | 2,267,000 | 4,703,000 | 3,846,000 | 806,000 | 1,509,000 | 3,777,000 | 3,197,000 | 867,000 | 1,622,000 | 4,005,000 | 5,079,000 | 967,000 | -2,656,000 | 8,947,000 | 3,599,000 | 1,022,000 |
general taxes | 16,343,000 | 12,133,000 | 12,066,000 | 12,076,000 | 15,771,000 | 10,886,000 | 11,853,000 | 15,468,000 | 10,563,000 | 10,577,000 | 10,889,000 | 14,219,000 | 10,366,000 | 9,572,000 | 8,989,000 | 12,104,000 | 9,289,000 | 9,061,000 | 8,914,000 | 11,369,000 | 8,154,000 | 8,656,000 | 8,373,000 | 9,895,000 | 7,489,000 | 7,993,000 | 7,879,000 | 9,027,000 | 7,380,000 | 7,589,000 |
revenue taxes | 18,100,000 | 14,808,000 | 5,669,000 | 8,283,000 | 19,405,000 | 5,275,000 | 9,211,000 | 18,244,000 | 14,921,000 | 5,523,000 | 9,185,000 | 19,042,000 | 15,789,000 | 4,437,000 | 8,240,000 | 13,360,000 | 12,514,000 | 3,891,000 | 5,671,000 | 12,664,000 | 10,539,000 | 3,555,000 | 4,454,000 | 11,743,000 | 10,369,000 | 3,534,000 | 4,496,000 | 11,926,000 | 9,351,000 | 3,522,000 |
depreciation | 44,134,000 | 42,961,000 | 40,510,000 | 41,535,000 | 40,500,000 | 34,552,000 | 33,762,000 | 33,098,000 | 32,762,000 | 30,061,000 | 31,293,000 | 31,465,000 | 31,142,000 | 29,026,000 | 28,110,000 | 28,429,000 | ||||||||||||||
other operating expenses | 1,375,000 | 1,193,000 | 1,446,000 | 1,225,000 | 1,327,000 | 1,560,000 | 933,000 | 1,756,000 | 1,868,000 | 1,159,000 | 1,257,000 | 1,248,000 | 806,000 | 901,000 | 920,000 | 994,000 | 1,103,000 | 1,047,000 | 815,000 | 932,000 | 1,455,000 | 767,000 | 551,000 | 928,000 | 1,119,000 | 593,000 | 646,000 | 892,000 | 1,070,000 | 625,000 |
total operating expenses | 327,535,000 | 282,408,000 | 177,151,000 | 208,983,000 | 339,930,000 | 156,266,000 | 196,008,000 | 323,643,000 | 280,547,000 | 159,056,000 | 224,016,000 | 348,915,000 | 294,026,000 | 131,766,000 | 181,421,000 | 262,663,000 | 223,912,000 | 115,838,000 | 136,293,000 | 221,240,000 | 185,722,000 | 104,872,000 | 126,029,000 | 208,705,000 | 186,299,000 | 99,951,000 | 107,345,000 | 209,303,000 | 164,449,000 | 97,350,000 |
income from operations | 162,868,000 | 111,749,000 | -12,423,000 | 27,211,000 | 154,354,000 | -19,332,000 | 15,706,000 | 109,827,000 | 75,167,000 | -17,577,000 | 13,843,000 | 113,508,000 | 81,227,000 | -14,927,000 | 13,539,000 | 87,638,000 | 70,178,000 | -14,391,000 | 12,624,000 | 94,706,000 | 74,551,000 | -11,588,000 | 8,942,000 | 76,446,000 | 60,965,000 | -9,634,000 | 16,098,000 | 76,045,000 | 62,253,000 | -6,111,000 |
yoy | 5.52% | -678.05% | -179.10% | -75.22% | 105.35% | 9.98% | 13.46% | -3.24% | -7.46% | 17.75% | 2.25% | 29.52% | 15.74% | 3.72% | 7.25% | -7.46% | -5.87% | 24.19% | 41.18% | 23.89% | 22.28% | 20.28% | -44.45% | 0.53% | -2.07% | 57.65% | ||||
qoq | 45.74% | -999.53% | -145.65% | -82.37% | -898.44% | -223.09% | -85.70% | 46.11% | -527.64% | -226.97% | -87.80% | 39.74% | -644.16% | -210.25% | -84.55% | 24.88% | -587.65% | -214.00% | -86.67% | 27.04% | -743.35% | -229.59% | -88.30% | 25.39% | -732.81% | -159.85% | -78.83% | 22.15% | -1118.70% | |
other income | 512,000 | -1,953,000 | 929,000 | -160,000 | 930,000 | 6,000 | -1,134,000 | 4,627,000 | 5,004,000 | 6,618,000 | 1,606,000 | 295,000 | 1,636,000 | 226,000 | -954,000 | -4,204,000 | -2,216,000 | -2,597,000 | -3,542,000 | -4,042,000 | -3,287,000 | -3,040,000 | -3,575,000 | -4,054,000 | -2,267,000 | -2,768,000 | -13,747,000 | -2,462,000 | -312,000 | |
interest expense | 33,352,000 | 32,192,000 | 30,435,000 | 30,491,000 | 29,395,000 | 19,060,000 | 19,311,000 | 20,531,000 | 19,890,000 | 19,406,000 | 18,974,000 | 18,296,000 | 17,091,000 | 13,054,000 | 11,580,000 | 11,522,000 | 11,157,000 | 11,175,000 | 11,028,000 | 11,126,000 | 10,713,000 | 9,165,000 | 12,706,000 | 10,468,000 | 10,878,000 | 10,948,000 | 10,654,000 | 10,205,000 | 10,008,000 | 9,006,000 |
income before income taxes | 130,028,000 | 77,604,000 | -41,929,000 | -3,440,000 | 122,443,000 | -37,462,000 | -3,599,000 | 88,162,000 | 59,904,000 | -31,979,000 | 1,487,000 | 96,818,000 | 64,431,000 | -26,345,000 | 2,185,000 | 75,162,000 | 54,817,000 | -27,782,000 | -1,001,000 | 80,038,000 | 59,796,000 | -24,040,000 | -6,804,000 | 62,403,000 | 46,033,000 | -22,849,000 | 2,676,000 | 52,093,000 | 49,783,000 | -15,429,000 |
income tax expense | 32,539,000 | 19,811,000 | -12,039,000 | -940,000 | 34,527,000 | -10,295,000 | -812,000 | 24,339,000 | 15,264,000 | -8,292,000 | 243,000 | 25,147,000 | 16,495,000 | -6,758,000 | 470,000 | 18,923,000 | 14,289,000 | -7,127,000 | -277,000 | 20,521,000 | 13,990,000 | -5,363,000 | -1,672,000 | 14,127,000 | 7,685,000 | -4,343,000 | 625,000 | 8,675,000 | 13,000,000 | -4,285,000 |
net income | 97,489,000 | 57,793,000 | -29,890,000 | -2,500,000 | 87,916,000 | -27,167,000 | -2,787,000 | 63,823,000 | 44,640,000 | -23,687,000 | 1,244,000 | 71,671,000 | 47,936,000 | -19,587,000 | 1,715,000 | 56,239,000 | 40,528,000 | -20,655,000 | -724,000 | 59,517,000 | 52,047,000 | -17,912,000 | -4,852,000 | 47,498,000 | 36,740,000 | -19,301,000 | 1,095,000 | 43,201,000 | 35,824,000 | -11,794,000 |
yoy | 10.89% | -312.73% | 972.48% | -103.92% | 96.94% | 14.69% | -324.04% | -10.95% | -6.88% | 20.93% | -27.46% | 27.44% | 18.28% | -5.17% | -336.88% | -5.51% | -22.13% | 15.31% | -85.08% | 25.30% | 41.66% | -7.20% | -543.11% | 9.95% | 2.56% | 63.65% | ||||
qoq | 68.69% | -293.35% | 1095.60% | -102.84% | -423.61% | 874.78% | -104.37% | 42.97% | -288.46% | -2004.10% | -98.26% | 49.51% | -344.73% | -1242.10% | -96.95% | 38.77% | -296.21% | 2752.90% | -101.22% | 14.35% | -390.57% | 269.17% | -110.22% | 29.28% | -290.35% | -1862.65% | -97.47% | 20.59% | -403.75% | |
other comprehensive income: | ||||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes 33 and 25 for the three months ended march 31, 2026 and 2025, respectively | 91,000 | |||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes (6) and 47 for the three months ended march 31, 2026 and 2025, respectively | 30,000 | |||||||||||||||||||||||||||||
comprehensive income | 97,610,000 | 59,568,000 | -29,730,000 | -2,327,000 | 87,961,000 | -27,847,000 | -2,462,000 | 64,047,000 | 42,570,000 | -23,411,000 | 2,583,000 | 71,362,000 | 52,459,000 | -19,385,000 | 1,912,000 | 56,436,000 | 41,350,000 | -20,421,000 | -503,000 | 59,738,000 | 49,372,000 | -17,726,000 | -4,692,000 | 47,658,000 | 34,217,000 | -19,187,000 | 1,210,000 | 43,316,000 | 36,613,000 | -11,640,000 |
average common shares outstanding: | ||||||||||||||||||||||||||||||
basic | 41,708,000 | 224,000 | 41,184,000 | 40,482,000 | 40,244,000 | 38,394,000 | 38,260,000 | 37,765,000 | 263,000 | 36,214,000 | 36,019,000 | 35,609,000 | 443,000 | 34,939,000 | 34,307,000 | 31,187,000 | 43,000 | 30,696,000 | 30,664,000 | 30,614,000 | 13,000 | 30,555,000 | 30,537,000 | 30,491,000 | 223,000 | 30,429,000 | 29,337,000 | 28,906,000 | 16,000 | 28,815,000 |
diluted | 41,816,000 | 235,000 | 41,184,000 | 40,482,000 | 40,304,000 | 38,394,000 | 38,260,000 | 37,796,000 | 285,000 | 36,214,000 | 36,062,000 | 35,708,000 | 445,000 | 34,939,000 | 34,352,000 | 31,212,000 | 44,000 | 30,696,000 | 30,664,000 | 30,633,000 | 24,000 | 30,555,000 | 30,537,000 | 30,535,000 | 231,000 | 30,429,000 | 29,394,000 | 28,970,000 | 27,000 | 28,815,000 |
earnings per share of common stock: | ||||||||||||||||||||||||||||||
basic | 2.34 | 1.4 | -0.73 | -0.06 | 2.18 | -0.71 | -0.07 | 1.69 | 1.22 | -0.65 | 0.03 | 2.01 | 1.39 | -0.56 | 0.05 | 1.8 | 1.32 | -0.67 | -0.02 | 1.94 | 1.7 | -0.59 | -0.16 | 1.56 | 1.23 | -0.63 | 0.04 | 1.49 | 1.24 | -0.41 |
diluted | 2.33 | 1.41 | -0.73 | -0.06 | 2.18 | -0.71 | -0.07 | 1.69 | 1.22 | -0.65 | 0.03 | 2.01 | 1.4 | -0.56 | 0.05 | 1.8 | 1.32 | -0.67 | -0.02 | 1.94 | 1.7 | -0.59 | -0.16 | 1.56 | 1.23 | -0.63 | 0.04 | 1.49 | 1.24 | -0.41 |
change in employee benefit plan liability, net of taxes of —and 58 for three months ended and — and 9 for the nine months ended september 30, 2025 and 2024, respectively | ||||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes (1) and 54 for the three months ended and 49 and 155 for the nine months ended september 30, 2025 and 2024, respectively | 137,250 | 200,000 | ||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes 14 and 279 for the three months ended and 62 and 133 for the nine months ended september 30, 2025 and 2024, respectively | -42,750 | -40,000 | ||||||||||||||||||||||||||||
change in employee benefit plan liability, net of taxes of —and 115 for three months ended and — and 49 for the six months ended june 30, 2025 and 2024, respectively | ||||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes 25 and 55 for the three months ended and 50 and 101 for the six months ended june 30, 2025 and 2024, respectively | 174,000 | |||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes — and 22 for the three months ended and 47 and 146 for the six months ended june 30, 2025 and 2024, respectively | -1,000 | |||||||||||||||||||||||||||||
other expense | -2,516,000 | |||||||||||||||||||||||||||||
change in employee benefit plan liability, net of taxes of — and (66) for the three months ended march 31, 2025 and 2024, respectively | ||||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes 25 and 46 for the three months ended march 31, 2025 and 2024, respectively | 175,000 | |||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes 47 and (124) for the three months ended march 31, 2025 and 2024, respectively | -130,000 | |||||||||||||||||||||||||||||
change in employee benefit plan liability, net of taxes of 58 and 9 for the three and nine months ended september 30, 2024, respectively | -58,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 54 and 37 for the three months ended and 155 and 111 for the nine months ended september 30, 2024 and 2023, respectively | 153,000 | |||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes of 279 and 62 for the three months ended and 133 and 359 for the nine months ended september 30, 2024 and 2023, respectively | -775,000 | |||||||||||||||||||||||||||||
change in employee benefit plan liability, net of taxes of 115 and 49 for the three and six months ended june 30, 2024, respectively | 115,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 55 and 37 for the three months ended and 101 and 74 for the six months ended june 30, 2024 and 2023, respectively | 152,000 | |||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes of 22 and 445 for the three months ended and 146 and 297 for the six months ended june 30, 2024 and 2023, respectively | 58,000 | |||||||||||||||||||||||||||||
change in employee benefit plan liability, net of taxes of (66) for the three months ended march 31, 2024 | -249,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 46 and 37 for the three months ended march 31, 2024 and 2023, respectively | 127,000 | |||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes of (124) and 149 for the three months ended march 31, 2024 and 2023, respectively | 346,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 37 and 73 for the three months ended and 111 and 215 for the nine months ended september 30, 2023 and 2022, respectively | 76,750 | 102,000 | ||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes of 62 and 359 for the three and nine months ended september 30, 2023, respectively | 249,750 | 174,000 | ||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 37 and 71 for the three months ended and 74 and 142 for the six months ended june 30, 2023 and 2022, respectively | 103,000 | |||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of taxes of 445 and 297 for the three and six months ended june 30, 2023, respectively | 1,236,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 37 and 71 for the three months ended march 31, 2023 and 2022, respectively | 102,000 | |||||||||||||||||||||||||||||
unrealized loss on interest rate swaps, net of taxes of 149 for the three months ended march 31, 2023 | -411,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 73 and 80 for the three months ended and 215 and 240 for the nine months ended september 30, 2022 and 2021, respectively | 149,000 | 202,000 | ||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 71 and 80 for the three months ended and 142 and 160 for the six months ended june 30, 2022 and 2021, respectively | 197,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 71 and 80 for the three months ended march 31, 2022 and 2021, respectively | 197,000 | |||||||||||||||||||||||||||||
depreciation and amortization | 28,855,000 | 28,438,000 | 28,144,000 | 28,097,000 | 27,238,000 | 25,934,000 | 25,836,000 | 24,675,000 | 24,162,000 | 23,375,000 | 22,387,000 | 21,572,000 | 21,649,000 | 21,485,000 | ||||||||||||||||
net income from continuing operations | 40,528,000 | -20,655,000 | -724,000 | 59,517,000 | 45,806,000 | -18,677,000 | -5,132,000 | 48,276,000 | 38,348,000 | -18,506,000 | 2,051,000 | 43,418,000 | 36,783,000 | -11,144,000 | ||||||||||||||||
income from discontinued operations, net of tax | 6,241,000 | 765,000 | 280,000 | |||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 80 and 66 for the three months ended and 240 and 182 for the nine months ended september 30, 2021 and 2020, respectively | 169,000 | 234,000 | ||||||||||||||||||||||||||||
earnings from continuing operations per share of common stock: | ||||||||||||||||||||||||||||||
basic | 1.32 | -0.67 | -0.02 | 1.94 | 1.5 | -0.61 | -0.17 | 1.58 | 1.28 | -0.61 | 0.07 | 1.5 | 1.28 | -0.39 | ||||||||||||||||
diluted | 1.32 | -0.67 | -0.02 | 1.94 | 1.5 | -0.61 | -0.17 | 1.58 | 1.28 | -0.61 | 0.07 | 1.5 | 1.27 | -0.39 | ||||||||||||||||
earnings from discontinued operations per share of common stock: | ||||||||||||||||||||||||||||||
basic | 0.2 | 0.02 | 0.01 | |||||||||||||||||||||||||||
diluted | 0.2 | 0.02 | 0.01 | |||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 80 and 58 for the three months ended and 160 and 116 for the six months ended june 30, 2021 and 2020, respectively | 221,000 | |||||||||||||||||||||||||||||
loss from discontinued operations, net of tax | -778,000 | -1,608,000 | -795,000 | -956,000 | -217,000 | -959,000 | -650,000 | |||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 80 and 58 for the three months ended march 31, 2021 and 2020, respectively | 221,000 | |||||||||||||||||||||||||||||
loss from discontinued operations per share of common stock: | ||||||||||||||||||||||||||||||
basic | -0.02 | -0.05 | -0.02 | -0.03 | -0.01 | -0.04 | -0.02 | |||||||||||||||||||||||
diluted | -0.02 | -0.05 | -0.02 | -0.03 | -0.01 | -0.03 | -0.02 | |||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 66 and 43 for the three months ended and 182 and 125 for the nine months ended september 30, 2020 and 2019, respectively | 126,500 | 186,000 | ||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 58 and 41 for the three months ended and 116 and 82 for the six months ended june 30, 2020 and 2019, respectively | 160,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 58 and 41 for the three months ended march 31, 2020 and 2019, respectively | 160,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 43 and 55 for the three months ended and 125 and 166 for the nine months ended september 30, 2019 and 2018, respectively | 86,000 | 114,000 | ||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 41 and 56 for the three months ended and 82 and 111 for the six months ended june 30, 2019 and 2018, respectively | 115,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 41 and 55 for the three months ended march 31, 2019 and 2018, respectively | 115,000 | |||||||||||||||||||||||||||||
amortization of non-qualified employee benefit plan liability, net of taxes of 55 and 98 for the three months ended and 166 and 275 for the nine months ended september 30, 2018 and 2017, respectively | 115,250 | 154,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | ||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||
cash and cash equivalents | 34,945,000 | 36,673,000 | 32,203,000 | 102,579,000 | 100,050,000 | 35,047,000 | 65,192,000 | 72,375,000 | 32,920,000 | 156,616,000 | 137,759,000 | 140,821,000 | 29,270,000 | 108,556,000 | 17,209,000 | 24,325,000 | 265,000 | 19,502,000 | 20,084,000 | 17,907,000 | 30,168,000 | 35,926,000 | 137,057,000 | 471,079,000 | 119,000 | 10,522,000 | 60,885,000 | 12,817,000 | 4,011,000 | 29,965,000 |
accounts receivable | 150,545,000 | 121,875,000 | 70,507,000 | 78,865,000 | 154,746,000 | 53,123,000 | 61,821,000 | 128,433,000 | 121,341,000 | 51,999,000 | 73,930,000 | 164,157,000 | 168,906,000 | 50,850,000 | 68,583,000 | 103,131,000 | 39,209,000 | 60,713,000 | 105,226,000 | 88,083,000 | 40,278,000 | 35,196,000 | 78,083,000 | 29,617,000 | 42,670,000 | 93,617,000 | 25,125,000 | |||
accrued unbilled revenue | 61,236,000 | 97,238,000 | 29,148,000 | 27,943,000 | 59,936,000 | 23,818,000 | 22,863,000 | 57,905,000 | 83,138,000 | 24,626,000 | 21,924,000 | 59,542,000 | 89,048,000 | 16,857,000 | 18,060,000 | 41,772,000 | 16,809,000 | 13,592,000 | 41,907,000 | 57,949,000 | 14,787,000 | 15,393,000 | 41,871,000 | 17,934,000 | 14,840,000 | 36,147,000 | 16,351,000 | |||
allowance for uncollectible accounts | -4,510,000 | -4,068,000 | -2,618,000 | -3,210,000 | -4,427,000 | -2,885,000 | -3,758,000 | -4,181,000 | -3,455,000 | -2,312,000 | -3,297,000 | -6,760,000 | -3,296,000 | -2,171,000 | -1,356,000 | -2,488,000 | -2,702,000 | -3,283,000 | -3,503,000 | -3,219,000 | -1,786,000 | -1,592,000 | -1,335,000 | -180,000 | -814,000 | -1,301,000 | -394,000 | |||
regulatory assets | 146,545,000 | 143,745,000 | 140,502,000 | 103,914,000 | 88,623,000 | 136,275,000 | 124,102,000 | 127,666,000 | 178,270,000 | 108,525,000 | 111,819,000 | 126,546,000 | 117,491,000 | 104,830,000 | 92,803,000 | 64,481,000 | 80,638,000 | 60,672,000 | 47,789,000 | 31,745,000 | 29,740,000 | 30,021,000 | 37,815,000 | 47,996,000 | 46,688,000 | 46,317,000 | 41,241,000 | |||
derivative instruments | 2,719,000 | 3,922,000 | 5,031,000 | 7,210,000 | 4,363,000 | 8,948,000 | 8,033,000 | 5,746,000 | 11,380,000 | 23,454,000 | 12,423,000 | 8,507,000 | 194,412,000 | 62,710,000 | 60,652,000 | 84,438,000 | 105,175,000 | 46,168,000 | 19,914,000 | 13,678,000 | 24,094,000 | 5,996,000 | 2,257,000 | 5,987,000 | 2,186,000 | 7,890,000 | 2,871,000 | |||
inventories | 134,745,000 | 127,697,000 | 118,589,000 | 113,720,000 | 90,334,000 | 108,651,000 | 107,332,000 | 99,874,000 | 112,571,000 | 94,585,000 | 67,502,000 | 41,392,000 | 87,096,000 | 98,725,000 | 65,983,000 | 33,377,000 | 59,997,000 | 39,024,000 | 26,237,000 | 42,691,000 | 45,082,000 | 44,009,000 | 34,390,000 | 41,230,000 | 23,100,000 | 19,540,000 | 53,064,000 | |||
other current assets | 57,895,000 | 75,850,000 | 42,199,000 | 35,095,000 | 46,275,000 | 45,873,000 | 37,535,000 | 49,896,000 | 65,275,000 | 49,947,000 | 35,797,000 | 41,968,000 | 61,286,000 | 41,414,000 | 36,060,000 | 42,329,000 | 11,348,000 | 33,285,000 | 22,427,000 | 30,656,000 | 44,741,000 | 25,534,000 | 20,318,000 | 26,460,000 | 4,600,000 | 18,617,000 | 18,296,000 | 20,293,000 | 3,078,000 | 20,376,000 |
total current assets | 584,120,000 | 602,932,000 | 435,561,000 | 466,116,000 | 539,900,000 | 408,850,000 | 423,120,000 | 537,714,000 | 601,440,000 | 507,440,000 | 457,857,000 | 576,173,000 | 744,213,000 | 481,771,000 | 357,994,000 | 391,365,000 | 13,793,000 | 358,179,000 | 273,841,000 | 302,792,000 | 323,245,000 | 242,848,000 | 316,436,000 | 720,267,000 | 6,925,000 | 202,727,000 | 239,058,000 | 272,109,000 | 15,885,000 | 218,159,000 |
non-current assets: | ||||||||||||||||||||||||||||||
property, plant, and equipment | 5,722,356,000 | 5,640,435,000 | 5,531,917,000 | 5,415,697,000 | 5,268,063,000 | 4,858,066,000 | 4,764,593,000 | 4,660,104,000 | 4,556,609,000 | 4,468,602,000 | 4,391,993,000 | 4,320,476,000 | 4,261,566,000 | 4,207,328,000 | 4,129,236,000 | 4,041,894,000 | 3,919,096,000 | 3,849,792,000 | 3,788,283,000 | 3,734,039,000 | 3,680,872,000 | 3,608,902,000 | 3,551,065,000 | 3,416,718,000 | 3,355,811,000 | 3,439,460,000 | 3,370,388,000 | |||
less: accumulated depreciation | 1,300,897,000 | 1,288,422,000 | 1,284,271,000 | 1,269,274,000 | 1,266,222,000 | 1,245,725,000 | 1,234,148,000 | 1,218,580,000 | 1,198,555,000 | 1,189,968,000 | 1,181,230,000 | 1,164,498,000 | 1,147,166,000 | 1,166,150,000 | 1,150,555,000 | 1,137,138,000 | 1,112,734,000 | 1,093,863,000 | 1,091,903,000 | 1,079,269,000 | 1,073,623,000 | 1,062,299,000 | 1,050,850,000 | 1,027,330,000 | 1,016,185,000 | 1,005,117,000 | 996,994,000 | |||
total property, plant, and equipment | 4,421,459,000 | 4,352,013,000 | 4,247,646,000 | 4,146,423,000 | 4,001,841,000 | 3,612,341,000 | 3,530,445,000 | 3,441,524,000 | 3,358,054,000 | 3,278,634,000 | 3,210,763,000 | 3,155,978,000 | 3,114,400,000 | 3,041,178,000 | 2,978,681,000 | 2,904,756,000 | 2,806,362,000 | 2,755,929,000 | 2,696,380,000 | 2,654,770,000 | 2,607,249,000 | 2,546,603,000 | 2,500,215,000 | 2,389,388,000 | 2,339,626,000 | 2,434,343,000 | 2,373,394,000 | |||
other investments | 69,441,000 | 80,676,000 | 81,111,000 | 82,223,000 | 82,663,000 | 82,478,000 | 83,795,000 | 84,081,000 | 102,951,000 | 104,562,000 | 104,330,000 | 93,611,000 | 95,704,000 | 96,569,000 | 96,027,000 | 96,266,000 | 42,000 | 48,006,000 | 47,725,000 | 47,434,000 | 49,259,000 | 48,963,000 | 62,130,000 | 61,928,000 | 24,000 | 63,018,000 | 62,815,000 | 63,829,000 | 65,000 | 65,113,000 |
operating lease right of use asset | 68,113,000 | 68,224,000 | 69,065,000 | 69,555,000 | 70,455,000 | 69,402,000 | 69,813,000 | 70,547,000 | 71,308,000 | 71,477,000 | 72,096,000 | 72,699,000 | 73,429,000 | 73,145,000 | 73,754,000 | 74,416,000 | 75,634,000 | 76,294,000 | 76,957,000 | 77,446,000 | 78,036,000 | 78,566,000 | 79,522,000 | 3,917,000 | 5,013,000 | 6,163,000 | ||||
assets under sales-type leases | 120,450,000 | 121,470,000 | 122,517,000 | 123,588,000 | 124,623,000 | 126,712,000 | 127,794,000 | 128,840,000 | 129,882,000 | 130,952,000 | 132,045,000 | 133,159,000 | 134,302,000 | 135,480,000 | 136,673,000 | 137,837,000 | 140,189,000 | 141,408,000 | 142,586,000 | 143,759,000 | 144,971,000 | 146,208,000 | 146,937,000 | 147,918,000 | 148,886,000 | |||||
goodwill | 371,257,000 | 370,815,000 | 371,040,000 | 370,889,000 | 354,534,000 | 181,393,000 | 163,166,000 | 162,966,000 | 163,344,000 | 152,399,000 | 152,670,000 | 149,836,000 | 149,283,000 | 74,732,000 | 70,714,000 | 70,570,000 | 69,789,000 | 69,313,000 | 69,330,000 | 69,225,000 | 70,292,000 | 70,183,000 | 69,220,000 | 49,333,000 | 49,393,000 | 8,954,000 | 6,563,000 | |||
other non-current assets | 146,105,000 | 146,351,000 | 150,098,000 | 151,024,000 | 160,754,000 | 139,035,000 | 112,727,000 | 111,122,000 | 106,239,000 | 100,801,000 | 96,827,000 | 97,789,000 | 91,518,000 | 88,169,000 | 75,699,000 | 74,923,000 | 613,000 | 53,419,000 | 50,516,000 | 49,767,000 | 49,129,000 | 50,945,000 | 51,446,000 | 47,729,000 | 245,000 | 27,839,000 | 18,159,000 | 16,077,000 | 310,000 | 12,844,000 |
total non-current assets | 5,834,847,000 | 5,564,109,000 | 5,418,213,000 | 5,320,447,000 | 5,166,992,000 | 4,535,519,000 | 4,399,246,000 | 4,311,352,000 | 4,265,652,000 | 4,157,678,000 | 4,078,848,000 | 4,015,923,000 | 4,004,113,000 | 3,818,941,000 | 3,742,524,000 | 3,663,269,000 | 1,081,987,000 | 3,571,046,000 | 3,509,659,000 | 3,455,833,000 | 3,433,134,000 | 3,375,249,000 | 3,324,911,000 | 3,281,260,000 | 888,937,000 | 3,048,891,000 | 2,999,073,000 | 2,919,008,000 | 755,346,000 | 2,863,248,000 |
total assets | 6,418,967,000 | 6,167,041,000 | 5,853,774,000 | 5,786,563,000 | 5,706,892,000 | 4,944,369,000 | 4,822,366,000 | 4,849,066,000 | 4,867,092,000 | 4,665,118,000 | 4,536,705,000 | 4,592,096,000 | 4,748,326,000 | 4,300,712,000 | 4,100,518,000 | 4,054,634,000 | 1,095,780,000 | 3,929,225,000 | 3,783,500,000 | 3,758,625,000 | 3,756,379,000 | 3,618,097,000 | 3,641,347,000 | 4,001,527,000 | 895,862,000 | 3,251,618,000 | 3,238,131,000 | 3,191,117,000 | 771,231,000 | 3,081,407,000 |
in thousands, except share information | 2,026,000 | 2,025,000 | 2,025,000 | 2,025,000 | 2,025,000 | 2,024,000 | 2,024,000 | 2,024,000 | 2,023,000 | 2,023,000 | ||||||||||||||||||||
liabilities and equity: | ||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||
short-term debt | 171,276,000 | 171,989,000 | 195,490,000 | 157,396,000 | 81,100,000 | 159,814,000 | 79,000,000 | 94,700,000 | 89,780,000 | 71,000,000 | 41,000,000 | 72,500,000 | 258,200,000 | 141,000,000 | 222,700,000 | 332,500,000 | 144,000,000 | 399,500,000 | 240,000,000 | 236,225,000 | 304,525,000 | 223,000,000 | 233,000,000 | 550,000,000 | 24,000,000 | 65,580,000 | 20,080,000 | 176,391,000 | 100,500,000 | |
current maturities of long-term debt | 160,669,000 | 160,627,000 | 115,650,000 | 141,541,000 | 36,838,000 | 20,796,000 | 866,000 | 869,000 | 150,865,000 | 190,728,000 | 240,714,000 | 240,712,000 | 90,697,000 | 50,614,000 | 351,000 | 339,000 | 278,000 | 60,274,000 | 95,265,000 | 95,344,000 | 95,173,000 | 35,209,000 | 202,000 | 94,671,000 | 104,396,000 | 104,158,000 | 84,940,000 | |||
accounts payable | 124,844,000 | 175,566,000 | 130,508,000 | 116,819,000 | 132,814,000 | 96,260,000 | 93,564,000 | 107,888,000 | 145,361,000 | 99,326,000 | 101,369,000 | 111,152,000 | 180,667,000 | 118,274,000 | 135,364,000 | 130,557,000 | 286,000 | 94,897,000 | 97,854,000 | 88,591,000 | 97,966,000 | 83,813,000 | 79,903,000 | 86,766,000 | 612,000 | 76,197,000 | 76,429,000 | 103,207,000 | 168,000 | 80,143,000 |
taxes accrued | 17,197,000 | 18,123,000 | 20,375,000 | 11,530,000 | 24,115,000 | 17,759,000 | 11,302,000 | 27,031,000 | 15,454,000 | 17,120,000 | 12,217,000 | 31,372,000 | 15,625,000 | 18,080,000 | 11,324,000 | 14,258,000 | 16,558,000 | 15,143,000 | 23,550,000 | 13,812,000 | 13,772,000 | 18,535,000 | 23,837,000 | 127,000 | 13,382,000 | 7,003,000 | 11,004,000 | 13,074,000 | ||
interest accrued | 22,036,000 | 26,121,000 | 16,841,000 | 25,279,000 | 16,297,000 | 12,909,000 | 18,130,000 | 16,360,000 | 15,836,000 | 13,940,000 | 11,443,000 | 13,089,000 | 10,169,000 | 11,086,000 | 7,425,000 | 10,886,000 | 9,315,000 | 7,425,000 | 9,491,000 | 7,441,000 | 9,645,000 | 7,234,000 | 9,396,000 | 10,406,000 | 7,826,000 | 9,233,000 | 32,000 | 9,453,000 | ||
regulatory liabilities | 113,914,000 | 137,974,000 | 141,356,000 | 130,944,000 | 111,050,000 | 127,640,000 | 99,663,000 | 77,659,000 | 84,962,000 | 88,376,000 | 61,546,000 | 57,523,000 | 248,582,000 | 111,551,000 | 97,277,000 | 111,791,000 | 164,168,000 | 103,210,000 | 81,314,000 | 50,362,000 | 59,236,000 | 41,126,000 | 47,137,000 | 37,573,000 | 32,484,000 | 46,770,000 | 37,504,000 | |||
operating lease liabilities | 3,270,000 | 3,228,000 | 2,610,000 | 2,486,000 | 2,662,000 | 1,868,000 | 1,851,000 | 2,053,000 | 2,333,000 | 1,815,000 | 1,732,000 | 1,700,000 | 1,514,000 | 1,361,000 | 1,315,000 | 1,303,000 | 1,213,000 | 1,228,000 | 1,213,000 | 1,105,000 | 1,081,000 | 931,000 | 1,071,000 | 3,171,000 | 4,271,000 | 4,656,000 | ||||
other current liabilities | 75,225,000 | 79,186,000 | 67,402,000 | 71,895,000 | 82,958,000 | 59,532,000 | 79,116,000 | 89,107,000 | 93,626,000 | 61,149,000 | 58,777,000 | 71,662,000 | 64,552,000 | 39,796,000 | 47,624,000 | 52,778,000 | 243,000 | 39,218,000 | 43,946,000 | 48,978,000 | 52,330,000 | 49,870,000 | 54,323,000 | 62,624,000 | 37,000 | 39,873,000 | 36,612,000 | 54,543,000 | 35,497,000 | |
total current liabilities | 730,528,000 | 836,445,000 | 742,780,000 | 683,867,000 | 513,956,000 | 567,385,000 | 435,540,000 | 468,344,000 | 696,878,000 | 590,057,000 | 570,933,000 | 644,080,000 | 898,734,000 | 511,356,000 | 539,298,000 | 658,267,000 | 160,634,000 | 734,965,000 | 572,473,000 | 585,665,000 | 627,083,000 | 551,296,000 | 486,902,000 | 798,870,000 | 28,473,000 | 358,408,000 | 307,030,000 | 526,089,000 | 9,366,000 | 382,942,000 |
long-term debt | 2,272,444,000 | 2,272,202,000 | 2,128,101,000 | 2,086,650,000 | 2,193,071,000 | 1,555,000,000 | 1,574,751,000 | 1,574,735,000 | 1,425,435,000 | 1,424,572,000 | 1,294,578,000 | 1,294,590,000 | 1,246,167,000 | 1,287,006,000 | 1,045,530,000 | 1,044,667,000 | 916,026,000 | 915,501,000 | 860,654,000 | 860,081,000 | 860,235,000 | 918,887,000 | 953,962,000 | 806,014,000 | 806,001,000 | 632,484,000 | -1,000 | 724,654,000 | ||
deferred credits and other non-current liabilities: | ||||||||||||||||||||||||||||||
deferred tax liabilities | 467,134,000 | 437,467,000 | 414,225,000 | 426,827,000 | 424,338,000 | 389,281,000 | 394,489,000 | 394,068,000 | 382,673,000 | 375,917,000 | 380,058,000 | 376,237,000 | 366,022,000 | 349,633,000 | 355,470,000 | 353,746,000 | 323,925,000 | 325,600,000 | 328,112,000 | 319,292,000 | 296,516,000 | 297,995,000 | 300,168,000 | 284,625,000 | 292,791,000 | 293,662,000 | 7,000 | 274,315,000 | ||
pension and other postretirement benefit liabilities | 108,929,000 | 112,139,000 | 122,116,000 | 125,019,000 | 127,853,000 | 138,800,000 | 153,849,000 | 157,812,000 | 158,116,000 | 145,991,000 | 147,063,000 | 147,890,000 | 149,143,000 | 160,196,000 | 162,511,000 | 164,530,000 | 202,287,000 | 203,854,000 | 210,811,000 | 217,287,000 | 202,938,000 | 218,493,000 | 224,490,000 | 215,007,000 | 217,909,000 | 220,732,000 | 212,249,000 | |||
other non-current liabilities | 408,366,000 | 186,280,000 | 183,643,000 | 183,111,000 | 175,922,000 | 135,661,000 | 122,412,000 | 120,224,000 | 119,034,000 | 127,219,000 | 128,417,000 | 117,980,000 | 123,438,000 | 110,825,000 | 111,704,000 | 112,749,000 | 115,114,000 | 117,659,000 | 118,989,000 | 120,767,000 | 123,041,000 | 120,852,000 | 119,033,000 | 123,352,000 | 129,835,000 | 120,569,000 | 140,475,000 | |||
total deferred credits and other non-current liabilities | 1,839,094,000 | 1,583,318,000 | 1,548,773,000 | 1,556,808,000 | 1,543,647,000 | 1,464,934,000 | 1,465,359,000 | 1,462,601,000 | 1,460,941,000 | 1,430,949,000 | 1,430,916,000 | 1,405,119,000 | 1,427,984,000 | 1,381,494,000 | 1,376,911,000 | 1,363,756,000 | 1,386,773,000 | 1,372,700,000 | 1,375,982,000 | 1,380,482,000 | 1,353,791,000 | 1,351,557,000 | 1,346,954,000 | 1,242,527,000 | 1,248,354,000 | 1,238,317,000 | 7,000 | 1,236,230,000 | ||
commitments and contingencies | ||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 42,080,010, 40,308,777, and 41,563,577 at march 31, 2026 and 2025, and december 31, 2025, respectively | 1,069,314,000 | |||||||||||||||||||||||||||||
retained earnings | 512,213,000 | 435,823,000 | 398,553,000 | 448,517,000 | 470,795,000 | 377,685,000 | 423,718,000 | 445,058,000 | 399,911,000 | 373,231,000 | 414,398,000 | 430,597,000 | 376,473,000 | 345,570,000 | 381,963,000 | 396,769,000 | 330,109,000 | 365,501,000 | 380,939,000 | 336,523,000 | 299,150,000 | 331,648,000 | 351,050,000 | 27,025,000 | 296,256,000 | 330,018,000 | 342,734,000 | 22,137,000 | 290,059,000 | |
accumulated other comprehensive loss | -4,626,000 | -4,747,000 | -6,522,000 | -6,682,000 | -6,855,000 | -7,180,000 | -6,500,000 | -6,825,000 | -7,049,000 | -4,979,000 | -5,255,000 | -6,594,000 | -6,285,000 | -10,808,000 | -11,010,000 | -11,207,000 | -12,226,000 | -12,460,000 | -12,681,000 | -12,902,000 | -10,227,000 | -10,413,000 | -10,573,000 | -8,210,000 | -8,324,000 | -8,439,000 | -7,977,000 | |||
total equity | 1,576,901,000 | 1,475,076,000 | 1,434,120,000 | 1,459,238,000 | 1,456,218,000 | 1,357,050,000 | 1,346,716,000 | 1,343,386,000 | 1,283,838,000 | 1,219,540,000 | 1,240,278,000 | 1,248,307,000 | 1,175,441,000 | 1,120,856,000 | 1,138,779,000 | 987,944,000 | 935,146,000 | 891,461,000 | 922,826,000 | 936,324,000 | 888,733,000 | 852,775,000 | 884,001,000 | 901,741,000 | 867,389,000 | 844,669,000 | 876,746,000 | 794,227,000 | 761,859,000 | 737,581,000 |
total liabilities and equity | 6,418,967,000 | 6,167,041,000 | 5,853,774,000 | 5,786,563,000 | 5,706,892,000 | 4,944,369,000 | 4,822,366,000 | 4,849,066,000 | 4,867,092,000 | 4,665,118,000 | 4,536,705,000 | 4,592,096,000 | 4,748,326,000 | 4,300,712,000 | 4,100,518,000 | 4,054,634,000 | 1,095,780,000 | 3,929,225,000 | 3,783,500,000 | 3,758,625,000 | 3,756,379,000 | 3,618,097,000 | 3,641,347,000 | 4,001,527,000 | 895,862,000 | 3,251,618,000 | 3,238,131,000 | 3,191,117,000 | 771,231,000 | 3,081,407,000 |
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 41,563,577 and 40,222,305 at december 31, 2025 and 2024, respectively | 1,044,000,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 41,506,471, 40,120,524, and 40,222,305 at september 30, 2025 and 2024, and december 31, 2024, respectively | 1,042,089,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 40,909,610, 38,669,098, and 40,222,305 at june 30, 2025 and 2024, and december 31, 2024, respectively | 1,017,403,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 40,308,777, 38,027,266, and 40,222,305 at march 31, 2025 and 2024, and december 31, 2024, respectively | 992,278,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 40,120,524, 36,575,797, and 37,631,212 at september 30, 2024 and 2023, and december 31, 2023, respectively | 986,545,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 38,669,098, 36,064,625, and 37,631,212 at june 30, 2024 and 2023, and december 31, 2023, respectively | 929,498,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 38,027,266, 35,929,228, and 37,631,212 at march 31, 2024 and 2023, and december 31, 2023, respectively | 905,153,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 37,631,212 and 35,524,590 at december 31, 2023 and 2022, respectively | 890,976,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000,000 shares; issued and outstanding 36,575,797, 35,098,437, and 35,524,590 at september 30, 2023 and 2022, and december 31, 2022, respectively | 851,288,000 | |||||||||||||||||||||||||||||
in thousands, including share information | 2,023,000 | 2,023,000 | 2,022,000 | 2,022,000 | 2,022,000 | 2,021,000 | 2,021,000 | 2,021,000 | 2,020,000 | 2,020,000 | 2,020,000 | 2,019,000 | 2,019,000 | |||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 36,065, 34,754, and 35,525 at june 30, 2023 and 2022, and december 31, 2022, respectively | 831,135,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 35,929, 31,380, and 35,525 at march 31, 2023 and 2022, and december 31, 2022, respectively | 824,304,000 | |||||||||||||||||||||||||||||
in thousands | 2,022,000 | 2,020,000 | 2,019,000 | 2,018,000 | ||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 35,525 and 31,129 at december 31, 2022 and 2021, respectively | 805,253,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 35,098, 30,730, and 31,129 at september 30, 2022 and 2021, and december 31, 2021, respectively | 786,094,000 | |||||||||||||||||||||||||||||
income taxes receivable | 6,000,000 | 6,000,000 | 6,000,000 | 256,000 | 6,000,000 | 6,000,000 | ||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 34,754, 30,672, and 31,129 at june 30, 2022 and 2021, and december 31, 2021, respectively | 767,826,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 31,380, 30,655, and 31,129 at march 31, 2022 and 2021, and december 31, 2021, respectively | 602,382,000 | |||||||||||||||||||||||||||||
receivables from affiliates | 2,180,000 | 1,950,000 | 2,796,000 | |||||||||||||||||||||||||||
investments in subsidiaries | 1,080,949,000 | 888,477,000 | 754,971,000 | |||||||||||||||||||||||||||
deferred tax assets | 383,000 | 191,000 | ||||||||||||||||||||||||||||
payables to affiliates | 16,105,000 | 3,697,000 | 9,166,000 | |||||||||||||||||||||||||||
gas reserves | 6,266,000 | 8,444,000 | 10,659,000 | 11,409,000 | 12,265,000 | 13,646,000 | 14,351,000 | 16,392,000 | 17,206,000 | 16,157,000 | 16,916,000 | |||||||||||||||||||
discontinued operations - current assets | ||||||||||||||||||||||||||||||
discontinued operations - current liabilities | ||||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,730, 30,565, and 30,589 at september 30, 2021 and 2020, and december 31, 2020, respectively | 573,578,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,672, 30,546, and 30,589 at june 30, 2021 and 2020, and december 31, 2020, respectively | 569,785,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,655, 30,528, and 30,589 at march 31, 2021 and 2020, and december 31, 2020, respectively | 568,066,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,589 and 30,472 at december 31, 2020 and 2019, respectively | 565,112,000 | |||||||||||||||||||||||||||||
discontinued operations current assets | 16,928,000 | 16,392,000 | 15,296,000 | 14,612,000 | 14,001,000 | 14,632,000 | 12,644,000 | |||||||||||||||||||||||
discontinued operations current liabilities | 13,922,000 | 13,574,000 | 12,801,000 | 13,399,000 | 13,279,000 | 13,282,000 | 13,003,000 | |||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,565, 30,435, and 30,472 at september 30, 2020 and 2019, and december 31, 2019, respectively | 563,852,000 | |||||||||||||||||||||||||||||
northwest natural holding companyconsolidated balance sheets | ||||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,546, 30,422, and 30,472 at june 30, 2020 and 2019, and december 31, 2019, respectively | 562,766,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,528, 28,962, and 30,472 at march 31, 2020 and 2019, and december 31, 2019, respectively | 561,264,000 | |||||||||||||||||||||||||||||
common stock | 840,364,000 | 739,722,000 | ||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,435, 28,844, and 28,880 at september 30, 2019 and 2018, and december 31, 2018, respectively | 556,623,000 | |||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 30,422, 28,800, and 28,880 at june 30, 2019 and 2018, and december 31, 2018, respectively | 555,052,000 | |||||||||||||||||||||||||||||
discontinued operations non-current assets | ||||||||||||||||||||||||||||||
discontinued operations non-current liabilities | ||||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 28,962, 28,781, and 28,880 at march 31, 2019 and 2018, and december 31, 2018, respectively | 459,932,000 | |||||||||||||||||||||||||||||
northwest natural gas companyconsolidated balance sheets | ||||||||||||||||||||||||||||||
discontinued operations - non-current liabilities | ||||||||||||||||||||||||||||||
common stock - no par value; authorized 100,000 shares; issued and outstanding 28,844, 28,713, and 28,736 at september 30, 2018 and 2017, and december 31, 2017, respectively | 455,499,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||||||||||||
net income | 97,489,000 | 57,793,000 | -29,890,000 | -2,500,000 | 87,916,000 | -27,167,000 | -2,787,000 | 63,823,000 | 44,640,000 | -23,687,000 | 1,244,000 | 71,671,000 | 47,936,000 | -19,587,000 | 1,715,000 | 56,239,000 | 43,034,000 | -20,655,000 | -724,000 | 59,517,000 | 52,047,000 | -17,912,000 | -4,852,000 | 47,498,000 | 43,979,000 | -19,301,000 | 1,095,000 | 43,201,000 | 35,824,000 |
adjustments to reconcile net income to cash from operations: | |||||||||||||||||||||||||||||
depreciation | 44,134,000 | 42,961,000 | 40,510,000 | 41,535,000 | 40,500,000 | 34,552,000 | 33,762,000 | 33,098,000 | 32,762,000 | 30,061,000 | 31,293,000 | 31,465,000 | 31,142,000 | 29,026,000 | 28,110,000 | 28,429,000 | |||||||||||||
amortization | 6,131,000 | 5,869,000 | 6,234,000 | 6,553,000 | 5,583,000 | ||||||||||||||||||||||||
deferred income taxes | 24,998,000 | 18,481,000 | -11,062,000 | 4,057,000 | 23,997,000 | -2,905,000 | 803,000 | 8,041,000 | 2,288,000 | -1,932,000 | 3,382,000 | 5,228,000 | 9,651,000 | -2,900,000 | 1,879,000 | 8,780,000 | 10,475,000 | 1,700,000 | -2,097,000 | 3,145,000 | 19,057,000 | 1,614,000 | 1,418,000 | -3,422,000 | 1,575,000 | -3,446,000 | -389,000 | 6,306,000 | 10,402,000 |
qualified defined benefit pension plan expense | 2,307,000 | 2,589,000 | 2,331,000 | 2,718,000 | 2,719,000 | 883,000 | 1,082,000 | 1,082,000 | -694,000 | -338,000 | -791,000 | 1,338,000 | 1,131,000 | 1,441,000 | 1,441,000 | 4,481,000 | 4,201,000 | 3,937,000 | 3,937,000 | 4,570,000 | 4,908,000 | 4,446,000 | 4,446,000 | 6,033,000 | 3,476,000 | 3,489,000 | 3,499,000 | 3,658,000 | |
contributions to qualified defined benefit pension plans | -2,900,000 | -2,900,000 | -2,900,000 | -2,900,000 | -2,610,000 | -14,460,000 | 0 | 0 | -5,050,000 | -4,540,000 | -5,310,000 | -15,200,000 | -5,310,000 | -3,160,000 | -3,160,000 | -3,160,000 | -3,160,000 | -1,490,000 | -3,850,000 | ||||||||||
deferred environmental expenditures | -6,079,000 | -7,819,000 | -6,158,000 | -4,729,000 | -6,991,000 | -4,647,000 | -7,864,000 | -6,264,000 | -11,165,000 | -5,155,000 | -5,619,000 | -4,113,000 | -3,723,000 | -4,829,000 | -5,263,000 | -4,345,000 | -3,235,000 | -5,327,000 | -5,355,000 | -4,270,000 | -11,402,000 | -6,572,000 | -5,916,000 | -3,981,000 | -5,234,000 | -3,844,000 | -3,463,000 | -3,685,000 | -3,981,000 |
environmental remediation expense | 6,325,000 | 4,827,000 | 1,247,000 | 2,296,000 | 6,253,000 | 1,151,000 | 2,329,000 | 5,746,000 | 4,352,000 | 1,032,000 | 2,140,000 | 5,375,000 | 4,439,000 | 980,000 | 2,267,000 | 4,703,000 | |||||||||||||
asset optimization revenue sharing bill credits | -23,156,000 | 0 | 0 | 0 | -15,549,000 | 0 | -8,590,000 | -20,608,000 | 0 | 0 | 0 | -10,471,000 | 0 | 0 | 0 | -41,102,000 | |||||||||||||
other | 4,207,000 | 4,685,000 | 191,000 | 4,778,000 | 3,016,000 | -7,398,000 | 6,793,000 | 8,905,000 | 4,893,000 | 4,011,000 | 5,559,000 | 8,509,000 | 4,918,000 | 6,679,000 | 3,636,000 | 6,325,000 | 3,649,000 | 4,205,000 | 4,529,000 | -2,919,000 | -2,459,000 | 1,448,000 | -12,430,000 | 6,499,000 | 3,259,000 | 2,776,000 | 3,111,000 | 3,171,000 | 55,000 |
changes in assets and liabilities: | |||||||||||||||||||||||||||||
receivables | 21,656,000 | -121,164,000 | 7,783,000 | 106,042,000 | 15,509,000 | 12,114,000 | 100,723,000 | 17,839,000 | -131,320,000 | 18,332,000 | 125,238,000 | 38,727,000 | -191,209,000 | 18,302,000 | 57,789,000 | 38,664,000 | -126,856,000 | 10,693,000 | 72,089,000 | 1,044,000 | -94,035,000 | 3,282,000 | 69,109,000 | 4,845,000 | -70,941,000 | 11,169,000 | 73,927,000 | -4,891,000 | -83,013,000 |
inventories | -7,598,000 | -19,632,000 | -5,181,000 | -22,661,000 | 18,279,000 | -1,319,000 | -7,659,000 | 13,070,000 | -17,621,000 | -26,568,000 | -26,045,000 | 46,129,000 | 12,194,000 | -32,742,000 | -32,606,000 | 23,885,000 | 2,880,000 | -20,973,000 | -12,788,000 | 16,454,000 | 2,388,000 | -1,074,000 | -9,623,000 | 9,571,000 | -2,697,000 | -18,222,000 | -6,179,000 | 21,108,000 | 8,341,000 |
income and other taxes | 13,408,000 | -21,564,000 | 7,186,000 | -9,579,000 | 18,084,000 | -5,031,000 | -6,959,000 | 21,796,000 | -10,016,000 | -6,064,000 | -10,733,000 | 25,567,000 | -12,539,000 | 2,206,000 | 2,805,000 | 14,436,000 | -30,025,000 | -1,847,000 | -1,508,000 | 22,975,000 | -22,748,000 | -8,928,000 | -945,000 | 21,911,000 | -21,014,000 | 5,210,000 | 8,894,000 | 7,406,000 | |
accounts payable | -31,219,000 | 14,760,000 | -16,227,000 | 7,395,000 | 4,187,000 | -535,000 | 19,964,000 | -30,930,000 | -263,000 | 9,240,000 | -1,162,000 | -47,773,000 | 54,518,000 | -16,282,000 | 2,759,000 | -16,487,000 | 26,785,000 | -818,000 | -14,910,000 | -2,329,000 | 4,401,000 | -1,392,000 | 4,511,000 | -23,430,000 | 13,219,000 | -3,924,000 | -12,960,000 | -14,883,000 | 39,721,000 |
deferred gas costs | -29,651,000 | 19,040,000 | -7,994,000 | -28,288,000 | -16,959,000 | 6,715,000 | -5,610,000 | -8,808,000 | 61,049,000 | 7,692,000 | -5,070,000 | -11,300,000 | 14,119,000 | -4,392,000 | -9,121,000 | 11,728,000 | -7,162,000 | -6,417,000 | 1,950,000 | -28,912,000 | 20,062,000 | -2,587,000 | -8,124,000 | 8,239,000 | 23,614,000 | -2,235,000 | -25,668,000 | -19,182,000 | -16,767,000 |
asset optimization revenue sharing | 4,297,000 | 4,833,000 | 9,413,000 | 5,740,000 | 4,357,000 | 6,459,000 | 4,392,000 | -108,000 | 3,970,000 | 6,611,000 | 4,287,000 | 7,769,000 | 11,308,000 | 13,700,000 | 4,575,000 | -646,000 | 3,051,000 | 4,535,000 | 2,239,000 | 34,633,000 | |||||||||
decoupling mechanism | -15,803,000 | -5,855,000 | -6,291,000 | -13,371,000 | -1,422,000 | -2,096,000 | -2,342,000 | 6,427,000 | 913,000 | -2,774,000 | -8,251,000 | -1,303,000 | 3,798,000 | -2,545,000 | 5,235,000 | 4,434,000 | 3,966,000 | -2,312,000 | -7,516,000 | 656,000 | -1,291,000 | -106,000 | -1,856,000 | 6,137,000 | 7,566,000 | 2,460,000 | 732,000 | 7,903,000 | |
cloud-based software | -2,490,000 | -2,419,000 | -4,143,000 | -1,624,000 | -2,195,000 | -3,883,000 | -9,939,000 | -6,485,000 | -3,991,000 | -5,087,000 | -3,556,000 | -3,673,000 | -6,576,000 | ||||||||||||||||
regulatory accounts | 13,208,000 | -227,000 | 5,190,000 | -543,000 | 2,155,000 | 2,446,000 | 1,531,000 | 13,335,000 | |||||||||||||||||||||
cash from operating activities | 116,127,000 | 3,272,000 | -15,918,000 | 102,160,000 | 179,610,000 | -26,379,000 | 121,037,000 | 125,039,000 | -21,554,000 | 3,649,000 | 120,993,000 | 176,861,000 | -18,289,000 | -30,603,000 | 55,527,000 | 141,037,000 | -40,230,000 | -12,557,000 | 57,216,000 | 137,065,000 | -5,520,000 | -11,006,000 | 56,683,000 | 102,863,000 | 30,885,000 | 182,000 | 50,315,000 | 104,794,000 | 10,242,000 |
investing activities: | |||||||||||||||||||||||||||||
capital expenditures | -113,656,000 | -134,241,000 | -109,988,000 | -120,480,000 | -102,184,000 | -95,332,000 | -116,712,000 | -82,217,000 | -84,600,000 | -97,884,000 | -73,598,000 | -71,265,000 | -86,760,000 | -84,146,000 | -99,182,000 | -68,514,000 | -65,861,000 | -82,268,000 | -64,406,000 | -65,702,000 | -79,680,000 | -71,054,000 | -64,836,000 | -57,446,000 | -68,387,000 | -61,846,000 | -42,383,000 | -48,764,000 | -55,841,000 |
free cash flows | 2,471,000 | -130,969,000 | -125,906,000 | -18,320,000 | 77,426,000 | -121,711,000 | 4,325,000 | 42,822,000 | -106,154,000 | -94,235,000 | 47,395,000 | 105,596,000 | -105,049,000 | -114,749,000 | -43,655,000 | 72,523,000 | -106,091,000 | -94,825,000 | -7,190,000 | 71,363,000 | -85,200,000 | -82,060,000 | -8,153,000 | 45,417,000 | -37,502,000 | -61,664,000 | 7,932,000 | 56,030,000 | -45,599,000 |
acquisitions, net of cash acquired | -6,803,000 | 1,000 | -60,837,000 | -270,492,000 | -4,285,000 | 1,000 | -2,781,000 | -468,000 | -91,927,000 | -320,000 | -13,000 | -42,000 | -185,000 | -138,000 | -57,000 | -37,883,000 | -378,000 | ||||||||||||
purchase of equity method investment | -1,000,000 | 0 | 0 | 0 | -1,000,000 | 0 | 0 | -1,000,000 | |||||||||||||||||||||
cash used by investing activities | -116,053,000 | ||||||||||||||||||||||||||||
financing activities: | |||||||||||||||||||||||||||||
proceeds from common stock issued | 22,264,000 | -151,000 | 23,185,000 | 23,423,000 | 961,000 | 55,577,000 | 22,768,000 | 12,218,000 | 25,540,000 | 18,883,000 | 5,403,000 | 16,669,000 | 17,632,000 | 16,876,000 | 164,115,000 | 9,938,000 | 0 | ||||||||||||
long-term debt issued | 200,000,000 | 185,000,000 | 0 | 375,000,000 | 0 | 0 | 150,000,000 | 0 | 130,000,000 | 0 | 200,000,000 | 0 | 289,308,000 | 75,000,000 | 0 | 0 | 0 | 0 | 150,000,000 | -35,000,000 | 0 | 0 | |||||||
long-term debt retired | -121,000 | -10,168,000 | -169,937,000 | -1,511,000 | -1,511,000 | 0 | 0 | -150,000,000 | -40,000,000 | 35,000,000 | -60,000,000 | 0 | 0 | 0 | -75,000,000 | -20,000,000 | -75,000,000 | ||||||||||||
changes in other short-term debt | -713,000 | -23,501,000 | 38,072,000 | 76,318,000 | -94,010,000 | 80,814,000 | -15,700,000 | 4,920,000 | 18,660,000 | 30,000,000 | -31,500,000 | -185,700,000 | 117,200,000 | -81,700,000 | -109,800,000 | -57,000,000 | |||||||||||||
cash dividend payments on common stock | -19,775,000 | -19,723,000 | -19,406,000 | -19,076,000 | -19,104,000 | -18,181,000 | -17,854,000 | -17,746,000 | -17,226,000 | -16,821,000 | -16,761,000 | -16,532,000 | -16,337,000 | -16,123,000 | -15,859,000 | -14,452,000 | -14,229,000 | -13,985,000 | -13,984,000 | -13,858,000 | -13,912,000 | -13,829,000 | -13,845,000 | -13,834,000 | -13,767,000 | -13,689,000 | -12,981,000 | -12,935,000 | -12,924,000 |
payment of financing fees | -54,000 | -3,117,000 | -1,690,000 | -78,000 | -4,307,000 | -153,000 | 0 | -748,000 | |||||||||||||||||||||
shares withheld for tax purposes | -1,988,000 | -8,000 | -54,000 | -1,000 | -1,536,000 | -5,000 | 0 | -1,314,000 | |||||||||||||||||||||
cash from financing activities | -779,000 | 143,397,000 | 118,002,000 | -11,303,000 | -2,917,000 | -15,325,000 | 111,728,000 | -43,382,000 | 11,187,000 | 117,439,000 | 208,155,000 | 38,802,000 | -62,764,000 | 125,313,000 | 87,557,000 | 9,590,000 | -83,132,000 | 67,274,000 | -23,779,000 | -331,715,000 | 459,997,000 | -13,015,000 | 21,348,000 | 100,094,000 | -53,554,000 | 28,804,000 | |||
increase in cash, cash equivalents and restricted cash | -705,000 | -321,000 | 59,003,000 | -34,231,000 | -8,219,000 | 39,634,000 | -121,856,000 | 16,397,000 | -911,000 | 115,030,000 | -79,306,000 | 90,235,000 | -5,608,000 | 8,523,000 | 12,875,000 | -638,000 | 2,798,000 | -9,942,000 | |||||||||||
cash, cash equivalents and restricted cash, beginning of period | 41,077,000 | 0 | 0 | 0 | 47,982,000 | 0 | 0 | 49,624,000 | 0 | 0 | 0 | 40,964,000 | 0 | 0 | 0 | 27,120,000 | -19,715,000 | 0 | 0 | 35,454,000 | |||||||||
cash, cash equivalents and restricted cash, end of period | 40,372,000 | 5,247,000 | -70,834,000 | -321,000 | 106,985,000 | -34,231,000 | -8,219,000 | 89,258,000 | -121,856,000 | 16,397,000 | -911,000 | 155,994,000 | -79,306,000 | 90,235,000 | -5,608,000 | 35,643,000 | -6,840,000 | -638,000 | 2,798,000 | 25,512,000 | |||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||
interest paid, net of capitalization | 36,443,000 | 20,757,000 | 37,943,000 | 22,448,000 | 30,109,000 | 23,035,000 | 16,758,000 | 18,044,000 | 28,227,000 | 15,594,000 | 21,472,000 | 14,904,000 | 19,049,000 | 8,907,000 | 14,890,000 | 7,977,000 | 11,485,000 | 8,939,000 | 12,995,000 | 8,976,000 | 12,822,000 | 6,673,000 | 14,788,000 | 8,368,000 | 12,191,000 | 8,011,000 | 11,749,000 | 7,976,000 | 12,503,000 |
income taxes paid, net of refunds | 1,400,000 | 2,301,000 | 1,030,000 | 7,329,000 | 750,000 | 5,580,000 | 9,251,000 | 1,000,000 | 5,300,000 | 6,800,000 | 10,863,000 | 1,300,000 | 673,000 | 1,020,000 | 313,000 | 773,000 | -425,000 | ||||||||||||
regulatory disallowance of line extension allowances | |||||||||||||||||||||||||||||
rng facility prepayment | |||||||||||||||||||||||||||||
cash from investing activities | -141,422,000 | -111,593,000 | -180,912,000 | -374,975,000 | -125,854,000 | -117,953,000 | -82,488,000 | -84,977,000 | -98,980,000 | -78,522,000 | -73,018,000 | -178,456,000 | -87,317,000 | -99,937,000 | -69,750,000 | -72,208,000 | -75,638,000 | -64,008,000 | -63,875,000 | -67,512,000 | -66,346,000 | -58,990,000 | -101,429,000 | -17,787,000 | -71,893,000 | -102,341,000 | -51,056,000 | -56,378,000 | |
income taxes paid, net of refunds: | |||||||||||||||||||||||||||||
u.s. federal taxes | |||||||||||||||||||||||||||||
state and local taxes | |||||||||||||||||||||||||||||
oregon | |||||||||||||||||||||||||||||
other states | |||||||||||||||||||||||||||||
non-cash activities: | |||||||||||||||||||||||||||||
shares issued in connection with business combinations | |||||||||||||||||||||||||||||
debt assumed in connection with business combinations | |||||||||||||||||||||||||||||
decrease in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||
cash provided (used) by financing activities | 78,431,000 | 254,368,000 | |||||||||||||||||||||||||||
regulatory amortization of gas reserves | 539,000 | 546,000 | 685,000 | 854,000 | 845,000 | 833,000 | 1,062,000 | 1,543,000 | 1,503,000 | 1,481,000 | 2,291,000 | 4,009,000 | 3,963,000 | 3,634,000 | 4,068,000 | 5,144,000 | 4,480,000 | 4,087,000 | 4,698,000 | 5,007,000 | 4,687,000 | 4,780,000 | 4,628,000 | ||||||
qualified defined benefit pension plan (benefit) expense | |||||||||||||||||||||||||||||
proceeds from sale of equity method investment | 0 | ||||||||||||||||||||||||||||
proceeds from term loan due within one year | 0 | 0 | 0 | 0 | 0 | 150,000,000 | |||||||||||||||||||||||
repayment of term loan | |||||||||||||||||||||||||||||
repayments of commercial paper, maturities greater than three months | |||||||||||||||||||||||||||||
gain on sale of discontinued operations, net of tax | |||||||||||||||||||||||||||||
discontinued operations | 1,188,000 | 1,253,000 | -171,000 | -376,000 | -893,000 | 1,377,000 | -739,000 | -1,861,000 | |||||||||||||||||||||
leasehold improvement expenditures | -794,000 | -407,000 | -109,000 | -54,000 | -51,000 | -308,000 | -1,194,000 | -6,325,000 | |||||||||||||||||||||
proceeds from the sale of assets | 331,000 | 194,000 | 150,000 | 195,000 | 1,214,000 | 478,000 | 274,000 | 1,960,000 | 146,000 | 98,000 | |||||||||||||||||||
proceeds from sale of discontinued operations | |||||||||||||||||||||||||||||
proceeds from commercial paper, maturities greater than three months | |||||||||||||||||||||||||||||
repayment of commercial paper, maturities greater than three months | |||||||||||||||||||||||||||||
depreciation and amortization | 25,825,000 | 28,438,000 | 28,144,000 | 28,097,000 | 27,238,000 | 25,934,000 | 25,836,000 | 24,675,000 | 23,071,000 | 23,375,000 | 22,387,000 | 21,572,000 | 21,649,000 | ||||||||||||||||
regulatory disallowance of pension costs | 0 | 0 | 0 | 10,500,000 | |||||||||||||||||||||||||
cash contributions received from parent | |||||||||||||||||||||||||||||
income taxes paid | |||||||||||||||||||||||||||||
amortization of environmental remediation | 806,000 | 1,509,000 | 3,777,000 | 867,000 | 1,622,000 | 4,005,000 | 967,000 | -2,656,000 | 8,947,000 | 3,599,000 | |||||||||||||||||||
change in other short-term debt | 159,500,000 | -1,200,000 | 31,700,000 | ||||||||||||||||||||||||||
repayments of commercial paper, maturities greater than 90 days | -95,025,000 | -100,000,000 | |||||||||||||||||||||||||||
income taxes paid (refunded) | 800,000 | 8,800,000 | 800,000 | -256,000 | -1,000 | -6,005,000 | -90,000 | ||||||||||||||||||||||
regulatory revenue deferral from the tcja | 946,000 | ||||||||||||||||||||||||||||
proceeds from stock options exercised | 0 | 68,000 | 0 | 177,000 | 1,546,000 | 178,000 | |||||||||||||||||||||||
proceeds from issuances of commercial paper, maturities greater than 90 days | |||||||||||||||||||||||||||||
stock purchases related to acquisitions | 0 | ||||||||||||||||||||||||||||
increase in cash and cash equivalents | -5,758,000 | -101,131,000 | -334,022,000 | 461,431,000 | 83,000 | -50,363,000 | 48,068,000 | 184,000 | -17,332,000 | ||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 9,648,000 | -4,686,000 | 0 | 0 | 12,633,000 | 0 | ||||||||||||||||||||
cash and cash equivalents, end of period | -5,758,000 | -101,131,000 | -334,022,000 | 471,079,000 | -4,603,000 | -50,363,000 | 48,068,000 | 12,817,000 | -17,332,000 | ||||||||||||||||||||
regulatory revenue recovery deferral from the tcja | 103,000 | 189,000 | 450,000 | ||||||||||||||||||||||||||
interest accrued | 2,411,000 | -2,162,000 | 1,945,000 | -2,932,000 | 2,580,000 | -1,407,000 | 1,927,000 | -2,154,000 | |||||||||||||||||||||
change in short-term debt | -10,000,000 | -317,000,000 | 250,900,000 | 59,640,000 | 45,500,000 | -156,311,000 | -41,229,000 | 116,974,000 | |||||||||||||||||||||
repurchases related to stock-based compensation | |||||||||||||||||||||||||||||
regulatory disallowance of prior environmental cost deferrals | |||||||||||||||||||||||||||||
income taxes |
