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Northwest Natural Holding (NWN) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 5, 2026

Northwest Natural Holding (NWN) reported revenue of $178M for the third quarter 2026 (Q3 2026), +8% from a year earlier and -27% from the quarter before. Operating margin was -4.9%, net loss $29.8M (16.8% of revenue).

Revenue$178M
Year over year+8%
Quarter over quarter-27%
Operating margin-4.9%
Net earnings−$29.8M

Northwest Natural Holding, Q3 2026: revenue $178M (+8% year over year), operating margin -4.9%, net loss $29.8M, operating cash flow −$12.7M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$178M-27%+8%
Operating profit−$8.7M-126%—
Net earnings−$29.8M-5073%—
Operating cash flow−$12.7M-112%—

What changed

Revenue was $178.0M in Q3 2026, up 8% year over year and down 27% from the previous quarter.

Operating costs exceeded revenue by $8.7M, an operating margin of -4.9%. Total costs grew 5% against revenue growth of 8%. The quarter ended with a net loss of $29.8M, after a profit of $600K the previous quarter. Net interest and other expense of $31.3M was the main reason.

Operating cash flow was −$12.7M. Non-cash charges added back $45.0M of depreciation. Working capital and other items used $27.8M. Capital expenditures of $138.5M exceeded it, leaving free cash flow of −$151.2M.

Questions

What was Northwest Natural Holding's revenue in the third quarter 2026?

Northwest Natural Holding (NWN) reported revenue of $178M for the third quarter 2026 (Q3 2026), +8% from a year earlier and -27% from the quarter before.

Was Northwest Natural Holding profitable in the third quarter 2026?

Operating loss was $8.7M (-4.9% of revenue) and net loss $29.8M.

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Source: Northwest Natural Holding 10-Q on SEC EDGAR.