Northwest Natural Gas (NWN) Tops Q4 EPS by 93c
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NW Natural Reports 2015 & Q4 Results
February 26, 2016 6:00 AM ESTPORTLAND, OR -- (Marketwired) -- 02/26/16 -- Northwest Natural Gas Company, dba NW Natural (NYSE: NWN) --
Consolidated earnings were $1.96 per share on net income of $53.7 million for 2015, compared to $2.16 per share and $58.7 million for 2014. Annual 2015 results included 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 $62.8 million or $2.29 per share. Utility margin increased $5.3 million with the addition of 9,800 utility customers reflecting an annual customer growth rate of 1.4% for the year. Utility ranked first in residential customer... More