Last $49.16 USD
Change Today -0.27 / -0.55%
Volume 265.8K
NWN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

northwest natural gas co (NWN) Snapshot

Open
$49.32
Previous Close
$49.43
Day High
$49.42
Day Low
$48.67
52 Week High
12/18/14 - $49.47
52 Week Low
02/5/14 - $40.05
Market Cap
1.3B
Average Volume 10 Days
120.2K
EPS TTM
$2.19
Shares Outstanding
27.2M
EX-Date
10/29/14
P/E TM
22.4x
Dividend
$1.86
Dividend Yield
3.75%
Current Stock Chart for NORTHWEST NATURAL GAS CO (NWN)

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northwest natural gas co (NWN) Details

Northwest Natural Gas Company stores and distributes natural gas primarily in Oregon, Washington, and California. The company operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment distributes natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. It is involved in building and maintaining pipeline distribution system; purchasing gas from producers and marketers; contracting for the transportation of gas from the supply basins to service territory over pipelines; and reselling the gas. This segment also transports customer-owned gas from the interstate pipeline connection or city gates to the customers’ end-use facilities. The Gas Storage segment offers underground natural gas storage services to interstate and intrastate customers. It holds leases and other property interests in approximately 12,000 net acres of underground natural gas storage in Oregon; and 5,000 net acres of underground natural gas storage in California. This segment serves primarily natural gas production or distribution, electric generation, and energy marketing companies. Northwest Natural Gas Company was founded in 1859 and is headquartered in Portland, Oregon.

1,100 Employees
Last Reported Date: 02/28/14
Founded in 1859

northwest natural gas co (NWN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $649.2K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $322.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $449.2K
Senior Vice President and General Counsel
Total Annual Compensation: $331.0K
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $303.0K
Compensation as of Fiscal Year 2013.

northwest natural gas co (NWN) Key Developments

Northwest Natural Gas Company Announces Executive Changes

On December 18, 2014, Margaret D. Kirkpatrick, senior vice president and general counsel of Northwest Natural Gas Company (company), informed the board of directors (Board) of her intent to retire from the company on or about December 31, 2015. In connection with her notification and as part of the company's long-term succession planning efforts, on December 18, 2014, the board appointed Ms. Kirkpatrick as senior vice president, Environmental Policy and Affairs, effective January 1, 2015. Ms. Kirkpatrick joined the company in 2005 as vice president and general counsel. Also in connection with Ms. Kirkpatrick's retirement plans and the board's long-term succession planning efforts, on December 18, 2014, the board appointed MardiLyn Saathoff as senior vice president and general counsel, effective January 1, 2015. Ms. Saathoff is currently the vice president, Legal, Risk and Compliance, Chief Governance Officer and Corporate Secretary of the company, and was previously identified by the board as successor to the position of general counsel. She has served as chief governance officer and corporate secretary since joining the company in 2008, and served as the company's deputy general counsel from 2010 to 2013, until her current appointment. Also at the December 18, 2014 board meeting, and in connection with the coard's ongoing succession plans, the board appointed Shawn M. Filippi as vice president and corporate secretary, effective January 1, 2015. Ms. Filippi joined the company in 2005, and has served in a variety of legal roles during that time. She currently serves as the company's senior legal counsel and assistant corporate secretary, and was previously identified by the board as the successor to the position of corporate secretary. The board also appointed Kimberly A. Heiting as vice resident, communications and chief marketing officer, effective January 1, 2015. Ms. Heiting joined the company in 1998 and has served in a variety of roles during that time, including, among others, corporate communications director, chief communications officer and chief marketing and communications officer.

Northwest Natural Gas Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Earnings Guidance for the Year 2014

Northwest Natural Gas Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's operating revenues were $87.2 million compared with $88.2 million a year ago. Loss from operations was $5.1 million compared with $3.8 million a year ago. Loss before income taxes was $15.5 million compared with $13.8 million a year ago. Net loss was $8.7 million or $0.32 per diluted share compared with $8.2 million or $0.31 per diluted share a year ago. The decrease was due to a $3.1 million increase in utility margin, offset by a $2.7 million decrease in gas storage operating revenues and a $0.9 million decrease in other income. As on September 30, 2014, the company's book value per share was $27.65. For the nine months, the company's operating revenues were $513.8 million compared with $497.8 million a year ago. Income from operations was $83.2 million compared with $83.5 million a year ago. Income before income taxes was $51.2 million compared with $53.2 million a year ago. Net income was $30.2 million or $1.11 per diluted share compared with $31.5 million or $1.17 per diluted share a year ago. Net income was $1.3 million lower than the same period last year due to an $11.1 million increase in utility margin, offset by a $5.6 million decrease in gas storage operating revenues and a combined $7.5 million decrease in net income from operation and maintenance expense, depreciation expense, and other income. Cash provided by operations for the period was $215 million, compared to $157 million for the same period in 2013. The variance mainly reflected the receipt of environmental insurance proceeds, which totaled $102 million pre-tax, offset by an $18.0 million decrease from changes in deferred gas costs balances due to higher actual gas prices than prices set in the purchased gas adjustment, and a decrease of $11.3 million from changes in deferred tax liabilities mainly due to the tax effect of deferred environmental recoveries. Capital expenditures were $86.6 million compared with $86.3 million a year ago. The company reaffirmed earnings guidance for 2014 in the range of $2.15 to $2.35 per share.

Northwest Natural Gas Company Increases Quarterly Dividend, Payable on November 14, 2014

The board of directors of Northwest Natural Gas Company has increased the quarterly dividend on the company's common stock to 46.5 cents per share from 46.0 cents per share. The dividends will be paid on November 14, 2014 to shareholders of record on October 31, 2014. The company's indicated annual dividend rate is $1.86 per share.

 

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Industry Analysis

NWN

Industry Average

Valuation NWN Industry Range
Price/Earnings 22.5x
Price/Sales 1.7x
Price/Book 1.8x
Price/Cash Flow 9.7x
TEV/Sales 0.6x
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