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) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Northwest Natural Gas Company (NWN) trades at a EV/EBITDA of 10.0×. Over the past ten years it has ranged from 8.3× (November 2023) to 13.0× (February 2020); the current reading is higher than 60% of that period. That is below the Utilities Regulated Gas industry median of 12.2× and below the Utilities sector median of 12.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 9.5× (1.61%)
FY2024 9.7× 3.37%
FY2023 9.4× (12.40%)
FY2022 10.7× 6.50%
FY2021 10.0× 2.70%
FY2020 9.8× (22.86%)
FY2019 12.7× 10.40%
FY2018 11.5× 13.13%
FY2017 10.1× 2.48%
FY2016 9.9× (1.67%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 9.6× 1.26%
Jun 2026 9.5× (4.22%)
Mar 2026 9.9× 4.14%
Dec 2025 9.5× (2.31%)
43 more quarters

Against its own ten years

Low 8.3× High 13.0×
Ten-year median 9.9×
Current reading's percentile 60

EV/EBITDA against peers

Company EV/EBITDA
SPH Suburban Propane Partners, L.P. compare 8.5×
OGS ONE Gas, Inc. compare 9.8×
NWN Northwest Natural Gas Company 10.0×
CTRI Centuri Holdings, Inc. compare 10.1×
NJR NewJersey Resources Corporation compare 12.2×
MDU MDU Resources Group, Inc. compare 12.2×
SR Spire Inc. compare 12.3×
BKH Bright Horizon Energy Corporation compare 12.3×
CPK Chesapeake Utilities Corporation compare 13.7×
Utilities Regulated Gas industry median 12.2×
Utilities sector median 12.3×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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