Northwest Natural Gas Company

NWN Utilities Utilities Regulated Gas

Northwest Natural Gas Company’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 11.8% from fiscal 2024.

Revenue
+8.04%
EPS
+2.74%
Free cash flow
−20.1%
Total debt
+14.3%

Quarter to September 2026, against a year earlier

51.77 0.46 +0.90%
Market cap
$2.2B
P/E
17.1×
Fwd P/E
16.3×
Dividend yield
3.82%
F-score
5/9
Altman Z
0.66
Beneish M
−2.68
Dividend safety
39/100

Northwest Natural Gas Company (NWN) Debt to equity

Alert me on Debt to equity

Northwest Natural Gas Company's debt to equity at the end of the quarter to 30 September 2026 was 1.8×, up 0.1× from fiscal 2025 (1.8×). Over the past ten years it has ranged from 0.9× (fiscal 2016) to 1.8× (fiscal 2025) — the current reading is the highest in ten years. That is above the Utilities Regulated Gas industry median of 1.2× and above the Utilities sector median of 1.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.8× 30.11%
FY2024 1.4× 4.59%
FY2023 1.3× (4.37%)
FY2022 1.4× (11.53%)
FY2021 1.5× 8.20%
FY2020 1.4× 19.17%
FY2019 1.2× (4.89%)
FY2018 1.3× 11.38%
FY2017 1.1× 23.61%
FY2016 0.9× (17.93%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 1.8× 9.40%
Jun 2026 1.7× 1.88%
Mar 2026 1.7× (6.47%)
Dec 2025 1.8× 3.82%
43 more quarters

Against its own ten years

Low 0.9× High 1.8×
Ten-year median 1.3×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
OGS ONE Gas, Inc. compare 0.8×
MDU MDU Resources Group, Inc. compare 0.9×
CTRI Centuri Holdings, Inc. compare 0.9×
CPK Chesapeake Utilities Corporation compare 1.0×
BKH Bright Horizon Energy Corporation compare 1.1×
NJR NewJersey Resources Corporation compare 1.4×
SR Spire Inc. compare 1.7×
SPH Suburban Propane Partners, L.P. compare 1.7×
NWN Northwest Natural Gas Company 1.8×
Utilities Regulated Gas industry median 1.2×
Utilities sector median 1.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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