Filing Flows › Northwest Natural Holding (NWN) › Q1 2025
Northwest Natural Holding (NWN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Northwest Natural Holding (NWN) reported revenue of $494M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +33% from the quarter before. Operating margin was 31.2%, net earnings $87.9M (17.8% of revenue).
Northwest Natural Holding, Q1 2025: revenue $494M (+14% year over year), operating margin 31.2%, net earnings $87.9M, operating cash flow $180M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $494M | +33% | +14% |
| Operating profit | $154M | +82% | +41% |
| Net earnings | $87.9M | +95% | +38% |
| Operating cash flow | $180M | — | +44% |
| Free cash flow | $77.4M | — | +81% |
What changed
Revenue was $494.3M in Q1 2025, up 14% year over year and up 33% from the previous quarter.
Operating profit was $154.4M, a 31.2% margin (up 5.9 points year over year). Of the extra revenue versus a year earlier, 73% reached operating profit, above the 25% margin then. Total costs grew 5% against revenue growth of 14%. Net earnings were $87.9M, up 38% year over year. The effective tax rate was 28.2%.
Operating cash flow was $179.6M (up 44% year over year), 204% of net earnings. Non-cash charges added back $40.5M of depreciation. Working capital and other items added $51.2M. Capital expenditures of $102.2M left free cash flow of $77.4M.
Questions
What was Northwest Natural Holding's revenue in the first quarter 2025?
Northwest Natural Holding (NWN) reported revenue of $494M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +33% from the quarter before.
Was Northwest Natural Holding profitable in the first quarter 2025?
Operating profit was $154M (31.2% of revenue) and net earnings $87.9M.