Filing Flows › Northwest Natural Holding (NWN) › Q2 2026 › vs Q1 2026
Northwest Natural Holding (NWN) Q2 2026 vs Q1 2026 (quarter over quarter)
Northwest Natural Holding's revenue fell $247M (-50%) from $490M in Q1 2026 to $244M in Q2 2026. Operating margin 13.6% against 33.2% (-19.6 pts).
Northwest Natural Holding, Q2 2026: revenue $244M (+3% year over year), operating margin 13.6%, net earnings $600K, operating cash flow $110M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.6% | 33.2% | -19.6 pts |
| Net margin | 0.2% | 19.9% | -19.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $244M | $490M | −$247M | -50% |
| Operating profit | $33.2M | $163M | −$130M | -80% |
| Costs & expenses | $210M | $328M | −$117M | -36% |
| Pre-tax earnings | $1.2M | $130M | −$129M | -99% |
| Other expense, net | $31.9M | $32.8M | −$893K | -3% |
| Net earnings | $600K | $97.5M | −$96.9M | -99% |
| Income tax | $610K | $32.5M | −$31.9M | -98% |
| Depreciation | $44.2M | $44.1M | $78K | +0.2% |
| Working capital & other | $64.9M | −$25.5M | $90.4M | — |
| Operating cash flow | $110M | $116M | −$6.4M | -6% |
| Capital expenditures | $121M | $114M | $7.6M | +7% |
| Negative free cash flow (OCF − capex) | $11.6M | −$2.5M | $14.0M | — |
Questions
How much did Northwest Natural Holding's revenue grow quarter over quarter in Q2 2026?
Northwest Natural Holding's revenue fell $247M (-50%) from $490M in Q1 2026 to $244M in Q2 2026. Operating margin 13.6% against 33.2% (-19.6 pts).