Northwest Natural settles Texas rates: what it means for Northwest Natural stock

Published on 10/07/2026 at 05:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The agreement lifts annual revenue requirements by USD 8.60 million. For Northwest Natural stock, the rate base rises USD 177.00 million.

NWN, US66765N1054, Illustration mit AI erstellt.

Northwest Natural Holding Company (ISIN US66765N1054) reached a Texas rate-case settlement on September 23, 2026, covering its SiEnergy gas subsidiaries. According to the SEC filing, the agreement remains subject to regulatory approval and could put new rates into effect in November 2026.

What the settlement means

The agreement provides for an annual revenue requirement increase of USD 8.60 million, below SiEnergy's original USD 12.00 million request. It also sets a capital structure of 59.75 percent equity and 40.25 percent long-term debt, a 9.80 percent return on equity and an 8.00 percent overall cost of capital.

The combined Texas rate base is USD 343.00 million, an increase of USD 177.00 million from the previous rate case in 2023. That comparison gives the settlement a measurable growth angle, although the Railroad Commission of Texas can still approve, modify or deny the terms.

Guidance points to stronger earnings

Northwest Natural's second-quarter 2026 revenue was USD 243.55 million and diluted earnings per share were USD 0.01, according to Yahoo Finance. The revenue figure was below the USD 271.87 million estimate cited in the earnings transcript, while earnings per share exceeded the USD -0.08 estimate.

Management said on August 5, 2026, that full-year 2026 earnings per share should land in the top half of the USD 2.95-3.15 guidance range. The company also maintained a 2026 capital expenditure plan of USD 500.00-550.00 million, supporting gas, water and renewable-fuel operations.

Prior close remains the market marker

The prior close at Lang & Schwarz was EUR 42.15 on October 5, 2026. Northwest Natural had a market capitalization of USD 2.0 billion and a 52-week range of USD 43.64-55.99 as of October 6, 2026.

The further course of trading is shown by the continuously updated real-time quote of Northwest Natural stock.