Northwest Natural Holding Analysis (January 2026) | Price Target, Growth & Valuation

Northwest Natural Ho...

NYSE:NWN

$ 46,97

$0,00 (0,00%)

46,97 $

$0,00 (0,00%)

End-of-day quote: 01/16/2026

Northwest Natural Holding Stock Value

Analysts currently rate NYSE:NWN as Buy.

Buy

Northwest Natural Holding Company Info

EPS Growth 5Y

-0,67%

Market Cap

$1,95 B

Long-Term Debt

$1,68 B

Short Interest

3,20%

Annual earnings

02/26/2026

Dividend

$1,97

Dividend Yield

4,19%

Founded

1859

Industry

Utilities

Country

United States

ISIN Number

US66765N1054

Website

http://www.nwnaturalholdings.com

Analyst Price Target

$52,50

11.77%

Last Update: 01/17/2026

Analysts: 4

Highest Price Target $56,00

Average Price Target $52,50

Lowest Price Target $50,00

In the last five quarters, Northwest Natural Holding’s Price Target has risen from $38,00 to $46,80 - a 23,16% increase. Three analysts predict that Northwest Natural Holding’s share price will increase in the coming year, reaching $52,50. This would represent an increase of 11,77%.

Top growth stocks in the utilities sector (5Y.)

What does Northwest Natural Holding do?

Northwest Natural Holding Company (NW Holdings) distributes natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. NW Holdings, through its subsidiary, Northwest Natural Gas Company (NW Natural), provides regulated natural gas distribution services to residential, commercial, and industrial customers. The company owns NW Natural Water Company, LLC (NWN Water) and NW Natural Renewables Holdings, LLC, a non-regulated subsidiary established to pursue...

Northwest Natural Holding Company (NW Holdings) distributes natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington.

NW Holdings, through its subsidiary, Northwest Natural Gas Company (NW Natural), provides regulated natural gas distribution services to residential, commercial, and industrial customers.

The company owns NW Natural Water Company, LLC (NWN Water) and NW Natural Renewables Holdings, LLC, a non-regulated subsidiary established to pursue non-regulated renewable natural gas activities, and other businesses and activities.

NW Natural's natural gas distribution activities are reported in the natural gas distribution (NGD) segment. All other business activities, including certain gas storage activities, water and wastewater businesses, non-regulated renewable natural gas activities and other investments and activities are aggregated and reported as ‘other’ at their respective registrant.

Natural gas distribution (NGD) segment

Both NW Holdings and NW Natural operates through the NGD segment, which is operated by NW Natural. NGD provides natural gas service through approximately 806,000 meters in Oregon and southwest Washington. Approximately 88% of customers are in Oregon and 12% are located in southwest Washington.

NW Natural has been allocated an exclusive service territory by the Oregon Public Utility Commission (OPUC) and Washington Utilities and Transportation Commission (WUTC), which includes the major population centers in western Oregon, including the Portland metropolitan area, most of the Willamette Valley, the Coastal area from Astoria to Coos Bay, and portions of Washington along the Columbia River. Major businesses located in NW Natural's service territory include retail, manufacturing, and high-technology industries.

Seasonality of Business

The NGD business is seasonal in nature due to higher gas usage by residential and commercial customers during the cold winter heating months. Other categories of customers experience similar seasonality in their usage but to a lesser extent.

Regulation and Rates

The NGD business is subject to regulation by the Oregon Public Utility Commission (OPUC) and Washington Utilities and Transportation Commission (WUTC). NW Natural is also regulated by the Federal Energy Regulatory Commission (FERC).

Diversity of Supply Sources

NW Natural supplements firm gas supply purchases with gas withdrawals from gas storage facilities, including underground reservoirs and LNG storage facilities. Storage facilities are injected with natural gas during the off-peak months in the spring and summer, and the gas is withdrawn for use during peak demand months in the winter.

Diverse Contract Durations and Types

NW Natural has a diverse portfolio of short-, medium-, and long-term firm gas supply contracts and a variety of contract types, including firm and interruptible supplies, as well as supplemental supplies from gas storage facilities.

The company’s gas supply contracts include year-round, winter-only, summer-only, and monthly baseload supplies, and daily spot purchases. The company also maintains options to call on additional daily supplies during the winter heating season. During 2024, a total of 822 million therms were purchased under contracts.

Environmental Stewardship

NW Natural developed and implemented an emissions screening tool that uses Environmental Protection Agency (EPA) data to calculate the relative emissions intensity of gas producer operations and prioritize purchases from lower emitting producers.

NW Natural focuses on taking steps to lower its emissions on behalf of customers by purchasing environmental attributes that are generated by the production of renewable natural gas (RNG). In addition to purchases of RNG, NW Natural has piloted a hydrogen blend in pipelines serving its Sherwood Operations and Training Center. NW Natural has successfully tested a blend of up to 20% hydrogen.

NW Natural is subject to the requirements of the Washington CCA cap-and-invest program and will be subject to Oregon's CPP. NW Natural has modeled pathways to compliance with the CCA and CPP in its most recent IRP.

Gas Distribution

NW Natural has taken a proactive approach to replacement programs and partnered with the Public Utility Commission of Oregon (OPUC) and Washington Utilities and Transportation Commission (WUTC) on progressive regulation to further safety and reliability efforts for the distribution system.

Other

Certain businesses and activities of NW Holdings and NW Natural are aggregated and reported as other for segment reporting purposes.

NW Natural

The following businesses and activities are aggregated and reported as other under NW Natural, a wholly owned subsidiary of NW Holdings:

4.7 Bcf of the Mist gas storage facility contracted to other utilities, third-party marketers, and electric generators;

natural gas asset management activities; and

appliance retail center operations.

Mist Gas Storage

The Mist gas storage facility began operations in 1989. It is a 17.5 Bcf facility with 12.8 Bcf used to provide gas storage for the NGD business. The remaining 4.7 Bcf of the facility is contracted with other utilities, third-party marketers, and electric generators with these results reported in other.

The overall facility consists of seven depleted natural gas reservoirs, 21 injection and withdrawal wells, a compressor station, dehydration and control equipment, gathering lines, and other related facilities. The capacity at Mist provides multi-cycle gas storage services to customers in the interstate and intrastate markets. The interstate storage services are offered under a limited jurisdiction blanket certificate issued by FERC. Intrastate firm storage services in Oregon are offered under an OPUC-approved rate schedule as an optional service to certain eligible customers. Gas storage revenues from the 4.7 Bcf are derived primarily from firm service customers who provide energy-related services, including natural gas distribution, electric generation, and energy marketing.

Asset Management Activities

NW Natural contracts with an independent energy marketing company to provide asset management services, primarily using natural gas commodity exchange agreements and natural gas pipeline capacity release transactions. The results of these activities are included in other, except for the asset management revenues allocated to NGD business customers pursuant to regulatory agreements, which are reported in the NGD segment.

NW Holdings

These include the following businesses and activities aggregated under NW Holdings:

NW Natural Water Company, LLC (NWN Water) and its water and wastewater utility operations and water services business;

NWN Water's equity investment in Avion Water Company, Inc.;

NW Natural Renewables Holdings, LLC and its non-regulated renewable natural gas activities;

a minority interest in the Kelso-Beaver Pipeline held by the company’s wholly owned subsidiary NNG Financial Corporation (NNG Financial); and

holding company and corporate activities, including business development activities, as well as adjustments made in consolidation.

NW Natural Water

NWN Water serves approximately 76,000 water and wastewater connections across six states. NWN Water continues to grow though customer additions within or near its service territories and continues to pursue acquisitions. The water and wastewater utilities primarily serve residential and commercial customers.

NWN Water launched its services business in April 2023. This business provides operations and maintenance services to water and wastewater system owners and works to create value by leveraging shared personnel, technology and expertise to support delivery of clean, reliable water at a reasonable cost. Today, NWN Water provides operations and maintenance services to approximately 25,000 connections.

NW Natural Renewables

NW Natural Renewables is an unregulated subsidiary of NW Natural Holdings established to pursue unregulated RNG activities. In September 2021, a subsidiary of NW Natural Renewables, Ohio Renewables, and a subsidiary of EDL, a global producer of sustainable distributed energy, executed agreements to secure RNG supply from two production facilities that are designed to convert landfill waste gases to RNG (EDL Facilities).

Alongside these development agreements, Ohio Renewables and the subsidiary of EDL executed agreements for Ohio Renewables to purchase up to an annual specified amount of RNG produced by the EDL Facilities over a 20-year period at a contractually specified price.

Ohio Renewables has contracted to sell RNG produced by the EDL Facilities up to certain specified volumes in each of calendar years 2024 through 2026 to an investment-grade counterparty. Ohio Renewables additionally has contracted to sell a fixed-volume of RNG under a long-term agreement with an investment-grade utility beginning in 2025 and extending through 2042.

Properties

NW Natural's Natural Gas Distribution Properties

NW Natural's natural gas pipeline system consists of approximately 14,400 miles of distribution mains, approximately 700 miles of transmission mains and approximately 10,300 miles of service lines located in its territory in Oregon and southwest Washington. In addition, the pipeline system includes service regulators and meters, as well as district regulators and metering stations. Natural gas pipelines are located in public rights-of-way pursuant to franchise agreements, ordinances, or other legal rights, or on lands of others pursuant to easements obtained from the owners of such lands. NW Natural also holds permits for the crossing of numerous railroads, navigable waterways and smaller tributaries throughout the company’s entire service territory.

NW Natural owns service building facilities in Portland, Oregon, as well as various satellite service centers, garages, warehouses, and other buildings necessary and useful in the conduct of its business. Resource centers are maintained on owned or leased premises at convenient points in the distribution system to provide service within NW Natural's service territory.

NW Natural commenced a 20-year lease in March 2020 for a headquarters and operations center in Portland, Oregon.

NW Natural's Mortgage and Deed of Trust (Mortgage) is a first mortgage lien on certain gas properties owned from time to time by NW Natural, including substantially all of the property constituting NW Natural's natural gas distribution plant balances.

These properties are used in the NGD segment.

NW Natural's Natural Gas Storage Properties

NW Natural holds leases and other property interests in approximately 12,000 net acres of underground natural gas storage in Oregon and easements and other property interests related to pipelines associated with these facilities. NW Natural owns rights to depleted gas reservoirs near Mist, Oregon that are continuing to be developed and operated as underground gas storage facilities. NW Natural also holds all future storage rights in certain other areas of the Mist gas field in Oregon in addition to other leases and property interests.

NW Natural owns LNG storage facilities in Portland and near Newport, Oregon.

A portion of these properties are used in the NGD segment.

NWN Water's Distribution Properties

NWN Water owns and maintains water distribution pipes, storage, wells and other infrastructure and wastewater treatment facilities, and holds related leases and other property interests in Oregon, Washington, Idaho, Texas, Arizona and California. Pipelines are located in municipal streets or alleys pursuant to franchise or occupation ordinances, in county roads or state highways pursuant to agreements or permits granted pursuant to statute, or on lands of others pursuant to easements obtained from the owners of such lands. These properties are used by entities that are aggregated and reported as other under NW Holdings.

History

Northwest Natural Holding Company was founded in 1859.

Northwest Natural Holding Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Energy supply: 70% Water supply: 20% Other services: 10% TOP 3 Markets: Oregon, USA: 60% Washington, USA: 25% California, USA: 10% Northwest Natural Holding Company generates the majority of its revenue from energy supply, particularly through the sale and distribution of natural gas. An...

At which locations are the company’s products manufactured?

Production Sites: Mainly in the Northwest of the USA Northwest Natural Holding Company (NYSE:NWN) is a utility company that mainly operates in the Northwest of the USA. The company focuses on providing natural gas services and does not operate traditional production facilities for physical products....

What strategy does Northwest Natural Holding pursue for future growth?

Revenue Growth: Estimated 3-5% annually (2026) Investments in Renewable Energies: Increased focus on hydrogen and renewable natural gas Northwest Natural Holding Company pursues a strategy aimed at sustainable growth and diversification. The company is increasing its investments in renewable energie...

Which raw materials are imported and from which countries?

Main commodity: Natural gas Countries of origin: Canada, USA Northwest Natural Holding Company (NYSE:NWN) is primarily engaged in the natural gas supply sector. The primary commodity imported by the company is natural gas. A large portion of the natural gas is imported from Canada, particularly from...

How strong is the company’s competitive advantage?

Market share: Estimated at 8% in the regional market (2026) Customer growth: 2.5% annually (2025) Return on equity (ROE): 7.8% (2025) Northwest Natural Holding Company (NYSE:NWN) possesses a moderate competitive advantage, mainly based on its established market presence and stable customer base in t...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: Approx. 70% (estimated for 2026 based on historical data) Insider Buys/Sells: No significant changes known in 2026 The institutional investor share in Northwest Natural Holding Company traditionally stands at around 70%, indicating the confidence of large investors in t...

What percentage market share does Northwest Natural Holding have?

Market share of Northwest Natural Holding Company (NWN): Estimate: 2-3% (2026) Main competitors and their market shares: Atmos Energy Corporation: 8-10% CenterPoint Energy: 7-9% NiSource Inc.: 6-8% ONE Gas, Inc.: 5-7% Southwest Gas Holdings, Inc.: 4-6% Spire Inc.: 3-5% Northwest Natural Holding Com...

Is Northwest Natural Holding stock currently a good investment?

Revenue Growth: 3.2% (2025) Profit Growth: 2.8% (2025) Dividend Yield: 4.5% (2025) In 2025, Northwest Natural Holding Company recorded a moderate revenue growth of 3.2%. This indicates a stable, albeit not above-average growth rate, which is typical for utility companies. The profit growth was at 2....

Does Northwest Natural Holding pay a dividend – and how reliable is the payout?

Dividend Yield: 4.1% (2026, estimated) Dividend History: Over 60 years of continuous payouts Northwest Natural Holding Company is known for its reliable dividend policy. The company has been consistently paying dividends for over six decades, indicating strong financial stability and a solid busin...

New support ticket

Northwest Natural Holding Stock Value

Northwest Natural Holding Company Info

Analyst Price Target

Top growth stocks in the utilities sector (5Y.)

What does Northwest Natural Holding do?

Northwest Natural Holding Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal