Filing Flows › Northwest Natural Holding (NWN) › Q2 2026
Northwest Natural Holding (NWN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Northwest Natural Holding (NWN) reported revenue of $244M for the second quarter 2026 (Q2 2026), +3% from a year earlier and -50% from the quarter before. Operating margin was 13.6%, net earnings $600K (0.2% of revenue).
Northwest Natural Holding, Q2 2026: revenue $244M (+3% year over year), operating margin 13.6%, net earnings $600K, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $244M | -50% | +3% |
| Operating profit | $33.2M | -80% | +22% |
| Net earnings | $600K | -99% | — |
| Operating cash flow | $110M | -6% | +7% |
What changed
Revenue was $243.6M in Q2 2026, up 3% year over year and down 50% from the previous quarter.
Operating profit was $33.2M, a 13.6% margin (up 2.1 points year over year). Of the extra revenue versus Q2 2025, 81% reached operating profit, above the 12% margin then. Total costs grew 1% against revenue growth of 3%. Net earnings were $600K. The effective tax rate was 50.4%.
Operating cash flow was $109.7M (up 7% year over year), 18287% of net earnings. Non-cash charges added back $44.2M of depreciation. Working capital and other items added $64.9M. Capital expenditures of $121.3M exceeded it, leaving free cash flow of −$11.6M.
Questions
What was Northwest Natural Holding's revenue in the second quarter 2026?
Northwest Natural Holding (NWN) reported revenue of $244M for the second quarter 2026 (Q2 2026), +3% from a year earlier and -50% from the quarter before.
Was Northwest Natural Holding profitable in the second quarter 2026?
Operating profit was $33.2M (13.6% of revenue) and net earnings $600K.