Northwest Natural Gas (NWN) Misses Q1 EPS by 14c
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NW Natural Reports Results for the Quarter Ended March 31, 2015
May 5, 2015 6:00 AM EDTPORTLAND, OR -- (Marketwired) -- 05/05/15 --
Consolidated net income was $28.5 million for the first quarter of 2015, or $1.04 per share, compared to $37.9 million, or $1.40 per share, in 2014. First quarter results include a regulatory disallowance for past environmental costs of $15 million pre-tax or $0.33 per share after-tax. Excluding the disallowance, net income was $37.6 million or $1.37 per share. Customer growth rate was 1.3% at March 31, 2015, with 9,100 customers added in the last twelve months. Company's Integrated Resource Plan (IRP) was acknowledged by Oregon and Washington regulators, outlining long-term capital investment requirements based on customer growth and infrastructure needs.... More