May 25, 2017 7:00 PM ET

Gas Utilities

Company Overview of Northwest Natural Gas Company

Company Overview

Northwest Natural Gas Company stores and distributes natural gas in the United States. The company operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment engages in the purchase, sale, and delivery of natural gas and related services to residential, commercial, and industrial customers in Oregon and southwest Washington. This segment builds and maintains pipeline distribution system; purchases gas from producers and marketers; contracts for the transportation of gas from the supply basins to service territory over pipelines; and resells gas. It also transports customer-owned gas from the interstate pipeline connection or city gates to the custome...

220 N.W. Second Avenue

Portland, OR 97209

United States

Founded in 1859

1,123 Employees

Phone:

503-226-4211

Key Executives for Northwest Natural Gas Company

Chief Executive Officer, President and Director
Age: 54
Total Annual Compensation: $732.0K
Senior Vice President of Regulation and General Counsel
Age: 59
Total Annual Compensation: $386.3K
Chief Administrative Officer and Senior Vice President
Age: 60
Total Annual Compensation: $326.1K
Senior Vice President of Utility Operations
Age: 61
Total Annual Compensation: $306.2K
Chief Accounting Officer, Controller and Treasurer
Age: 37
Total Annual Compensation: $317.9K
Compensation as of Fiscal Year 2016.

Northwest Natural Gas Company Key Developments

Northwest Natural Gas Company Presents at American Gas Association Financial Forum, May-22-2017 01:00 PM

Northwest Natural Gas Company Presents at American Gas Association Financial Forum, May-22-2017 01:00 PM. Venue: Ritz-Carlton and JW Marriott, Orlando, Florida, United States.

Northwest Natural Gas Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Reaffirms Earnings Guidance for the Full Year of 2017

Northwest Natural Gas Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported, operating revenues of $297,323,000, income from operations of $76,228,000, income before income taxes of $67,233,000, net income of $40,310,000, compared to operating revenues of $255,529,000, income from operations of $74,072,000, income before income taxes of $62,027,000, net income of $36,641,000, for the same period a year ago. Diluted earnings per share were $1.40 against $1.33 a year ago. Adjusted net income (non-GAAP) was $40,310,000 or $1.40 per share against $38,637,000 or $1.40 per share a year ago. The company generated $145 million in operating cash flow from higher customer receipts due to colder weather, offset by higher gas purchases and income tax payment. The company invested $39 million in capital expenditures. For the year to date, the company reported, operating revenues of $717,761,000, income from operations of $141,436,000, income before income taxes of $104,815,000, net income of $62,564,000, compared to operating revenues of $717,655,000, income from operations of $145,319,000, income before income taxes of $103,914,000, net income of $61,858,000, for the same period a year ago. Diluted earnings per share were $2.23 against $2.25 a year ago. Book value per share, end of period was $30.53 against $29.35 a year ago. Cash provided by operating activities was $145,166,000 against $146,138,000 a year ago. Capital expenditures were $38,924,000 against $30,054,000 a year ago. For the full year of 2017, the company reaffirmed 2017 earnings guidance in the range of $2.05 to $2.25 per share. This guidance assumes customer growth from utility segment, average weather conditions, slow recovery of the gas storage market, and no significant changes in prevailing regulatory policies, mechanisms, or outcomes, or significant laws or regulations. The company continues to expect capital expenditures in the range of $225 million to $250 million for 2017, including $80 million to $90 million associated with North Mist expansion.

Northwest Natural Gas Company Appoints Frank Burkhartsmeyer as Chief Financial Officer, Effective May 17, 2017

Northwest Natural Gas Company announced the hiring of Frank Burkhartsmeyer as Chief Financial Officer, effective May 17, 2017. Burkhartsmeyer comes to NW Natural from Avangrid Renewables where he served as president and CEO. Prior, he was senior vice president of Finance at Iberdrola Renewables US. He also held various director-level positions at PPM Energy (a subsidiary of ScottishPower), ScottishPower and PacificCorp (a subsidiary of ScottishPower).

Similar Private Companies By Industry

Company Name Region
A.O.G. Corporation United States
A.P. Fischer, Inc United States
All American Propane, Inc. United States
American Gas Management, Inc. United States
American Gas Services, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Northwest Natural Gas Company, please visit www.nwnatural.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.