NWN at a glance
Northwest Natural Holding Co (NWN, SEC CIK 1733998) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 23, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Northwest Natural Holding Co (NWN) reported revenue of $1.3 billion (up 11.8% from FY2024) and net income of $113.3 million. Diluted EPS was $2.77.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding Northwest Natural Holding Co (NWN) shares worth $945.3 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by ANDERSON DAVID HUGO on September 18, 2026 of 1,500 shares at $48.03 per share.
- In the last 90 days, NWN insiders reported 0 open-market purchases ($0) and 3 open-market sales ($225K) on Form 4, a net sale of $225K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.3B
- +11.8% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$225K
- 13F holders
- 31 funds
- $945.3M · −1 vs prior quarter
- Latest 8-K
- Sep 23, 2026
- Item 7.01 · Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Regulated natural gas distribution primarily in Oregon and southwest Washington through NWN Gas Utility segment
- New emphasis on SiEnergy (Texas gas distribution and transmission) and NWN Water (regulated/unregulated water services) as distinct reportable segments starting 2025
- Strategic repositioning with segment restructuring: NGD segment renamed NWN Gas Utility; SiEnergy and NWN Water elevated to core reporting segments
- Service to ~810,000 gas meters with 2025 storage deliverability of 7.0 million therms/day; 60% gas supply sourced from Canada, 40% from U.S. Rockies
- Planned 4-5 Bcf expansion at North Mist gas storage facility announced in Feb 2026, permitted Jan 2025, conditional on customer approvals
Risk Factors
- Regulatory risk Oregon HB 3179 restricts NW Natural from filing new general rate cases until Jan 2, 2027, limiting recovery of costs and financial flexibility
- Geopolitical/macroeconomic exposure from Texas expansion: acquired SiEnergy with multiple Texas gas utilities subject to Railroad Commission regulation in 2025
- Operational vulnerability: 4-5 Bcf North Mist gas storage expansion dependent on customer approval, permits, and timely project authorization
- Market disruption risk: competition from electric heat pumps and alternative technologies could erode NW Natural’s natural gas customer growth
- Financial risk: counterparty risk exposure to Jonah Energy in gas reserves arrangement, with Jonah lacking credit ratings and potential impact on cost recovery
Management Discussion & Analysis
- No share repurchases completed in Q4 2025 under $150M authorized buyback program for up to 5 million shares
- Previous buyback program authorized 2.8 million shares or $100M; replaced by current program starting May 2024
- No information on cash flow, dividends, capex, segments, or forward-looking guidance in provided text
AI summary of the NWN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue not disclosed; consolidated net income $0.6M vs $(2.5)M, up $3.1M YoY
- NW Natural margin $141.1M vs $133.7M; SiEnergy margin $9.8M vs $8.2M
- Worst segment NWN Water net income $2.3M vs $2.8M; Other net loss $(7.7)M vs $(11.3)M
- Capital expenditures $235.0M year-to-date, including NW Natural $87.0M quarterly
- Headwinds: higher operations, depreciation, and interest expenses; tariff and geopolitical risks under monitoring
Risk Factors
- No material risk-factor changes disclosed from the 2025 Form 10-K
- Debt financing exposure: Note Purchase Agreement dated June 4, 2026
- Liquidity risk: $150 million share-repurchase authorization remains available
- Capital-allocation risk: 2,124,528 shares previously purchased under the repurchase program
- Compliance risk: no officers or directors adopted or terminated Rule 10b5-1 arrangements during the quarter
AI summary of the NWN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Texas general rate case settlement covering SiEnergy Gas, Pines Gas, and Pines Gas Development
- Press release issued September 23, 2026, with settlement terms in Exhibit 99.1
Item 8.01: Other Events
- SiEnergy, Pines Gas and Pines Gas Development settlement seeks $8.6M revenue increase, below the original $12.0M request
- Proposed consolidation creates systemwide Texas rates across the three entities
Item EX-99.1: Item EX-99.1
- SiEnergy settlement proposes $8.6M annual revenue increase, below its $12.0M request
- Proposed 9.8% ROE and 8.0% overall cost of capital support regulated earnings recovery
Item 2.03: Creation of a Direct Financial Obligation
- NW Natural raised $120 million through two privately placed first mortgage bond tranches
- $60 million 5.62% bonds mature 2036; $60 million 6.26% bonds mature 2056
Item 2.02: Results of Operations and Financial Condition
- Item 2.02 contains only forward-looking-statement cautionary language, not reported fiscal-year financial results
- Management outlook spans earnings, capital expenditures, acquisitions, rate cases, financing, dividends, and water and renewables strategies
Item EX-99.1: Item EX-99.1
- Q2 EPS improved to $0.01 from a $0.06 loss; six-month EPS rose to $2.33 from $2.11
- 2026 EPS outlook raised to the upper half of $2.95–$3.15 guidance
AI summaries of NWN 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NWN
Don't miss the next NWN filing
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- Fund moves. Which tracked funds opened, added or cut NWN, by share count.
- Ask anything. An AI agent that reads every NWN filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Patterson Kyra | F | Oct 1, 2026 | 244 | $46.67 |
| ANDERSON DAVID HUGO | Sell | Sep 18, 2026 | 1,500 | $48.03 |
| WILSON BRODY J | F | Sep 1, 2026 | 341 | $49.07 |
| Kaszuba Raymond J III | F | Sep 1, 2026 | 705 | $49.07 |
| ANDERSON DAVID HUGO | Sell | Aug 18, 2026 | 1,500 | $50.86 |
| Ludford Mary E | I | Aug 6, 2026 | 507.021 | $50.77 |
| Bragdon Peter J | I | Aug 6, 2026 | 1,140.709 | $50.77 |
| McDonough Sandra | I | Aug 6, 2026 | 247.629 | $50.77 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.2B | $1.3B |
| Operating Income | - | $191.1M | $280.9M |
| Net Income | $93.9M | $78.9M | $113.3M |
| Op. Margin | - | 16.6% | 21.8% |
| Net Margin | - | 6.8% | 8.8% |
| Balance Sheet | |||
| Total Assets | $4.9B | $5.2B | $6.2B |
| Equity | - | $1.4B | $1.5B |
| ROE | - | 5.7% | 7.7% |
| Per Share | |||
| EPS | $2.59 | $2.03 | $2.77 |
| Cash Flow | |||
| Operating CF | - | $200.3M | $269.1M |
| CapEx | $327.3M | $394.4M | $466.9M |
Source: XBRL data in Northwest Natural Holding Co (NWN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NWN share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $945.3M |
| Q1 2026 | 32 | $988.0M |
| Q4 2025 | 30 | $906.6M |
| Q3 2025 | 30 | $865.0M |
| Q2 2025 | 30 | $745.0M |
| Q1 2025 | 25 | $500.8M |
| Q4 2024 | 21 | $389.9M |
| Q3 2024 | 19 | $231.6M |
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- Millennium Management−107.9K
Source: 13F-HR filings on SEC EDGAR (aggregated from 218 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NWN filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 8-K | Sep 23, 2026 | - | Analysis | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 8-K | Sep 3, 2026 | - | Analysis | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Jul 31, 2026 | - | Analysis | - |
| 4 | Jul 21, 2026 | - | - | - |
| 4 | Jun 29, 2026 | - | - | - |
| 8-K | Jun 5, 2026 | - | Analysis | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| SC 13G | May 12, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 8-K | May 6, 2026 | - | Analysis | - |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis |
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NWN SEC filings: frequently asked questions
Are NWN insiders buying or selling?
In the last 90 days, Northwest Natural Holding Co (NWN) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $225,108 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold NWN stock?
As of June 30, 2026, the largest Northwest Natural Holding Co (NWN) holders among the 13F filers tracked by SignalX were BlackRock ($329.2 million), Vanguard Portfolio Management LLC ($134.2 million), Vanguard Capital Management LLC ($93.2 million), State Street Corp ($84.9 million), Invesco Ltd ($45.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NWN's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Northwest Natural Holding Co (NWN) reported revenue of $1.3 billion (up 11.8% from FY2024) and net income of $113.3 million. Diluted EPS was $2.77. The figures come from the XBRL data in the 10-K.
What are the main risks in NWN's latest 10-K?
In the 10-K filed February 27, 2026, Northwest Natural Holding Co (NWN) flagged: Regulatory risk Oregon HB 3179 restricts NW Natural from filing new general rate cases until Jan 2, 2027, limiting recovery of costs and financial flexibility. Geopolitical/macroeconomic exposure from Texas expansion: acquired SiEnergy with multiple Texas gas utilities subject to Railroad Commission regulation in 2025. (AI summary of the Risk Factors section.)
What did NWN report in its latest 8-K?
Northwest Natural Holding Co (NWN) filed an 8-K on September 23, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 8.01 (Other Events). Texas general rate case settlement covering SiEnergy Gas, Pines Gas, and Pines Gas Development.
What are the latest NWN SEC filings?
Northwest Natural Holding Co (NWN) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 23, 2026 and a Form 4 insider filing on October 2, 2026.
What is NWN's SEC CIK number?
Northwest Natural Holding Co (NWN)'s SEC Central Index Key (CIK) is 1733998. EDGAR lists every NWN filing under that number.
Ask anything about NWN
The research agent reads NWN's filings, financials, insider trades and 13F holders, then answers with sources.