Equity Profile

NWN

Northwest Natural Holding Company

UtilitiesGas Utilities$2.2B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Northwest Natural Holding Company (NWN) operates in the utilities sector, specifically focusing on gas utilities. The company plays a crucial role in providing natural gas services to residential and commercial customers, which is essential for heating and energy needs, especially in the Pacific Northwest.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, which is vital for long-term sustainability.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

NWN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+59.62%

Avg Stock Reaction

-1.12%

Last Quarter Recap

In Q1-2026, NWN reported an EPS of $2.33, slightly exceeding expectations. However, the stock experienced a decline of 7.67% the following day, indicating market concerns despite the positive earnings surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for NWN's upcoming earnings report are uncertain, given the lack of analyst estimates and mixed reactions to previous earnings.

Bull Case

If NWN can continue its trend of beating EPS estimates, it may signal strong operational performance and investor confidence, potentially leading to a stock price increase.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to further stock price declines, especially given the recent negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

The EPS figure will be a critical indicator of the company's profitability and could significantly influence investor sentiment.

How is revenue expected to trend in the upcoming quarters?

Understanding revenue trends will help investors gauge the company's growth potential and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating NWN's ability to maintain profitability despite recent challenges, as historical performance shows a strong track record of beating EPS estimates.

Supporting Evidence

NWN has an 88% EPS beat rate over the last eight quarters, indicating consistent operational strength.

The options market is pricing in a significant move, suggesting that traders expect volatility, which could indicate underlying confidence.

The stock's historical reaction to earnings surprises shows that even small beats can lead to positive price movements.

Key Risk

If EPS comes in above $2.40, it could significantly shift market perception and validate the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will provide insights into NWN's ability to maintain profitability and growth amidst market fluctuations.

Bull Confirmed If

An EPS of $2.40 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $2.20 would confirm the bear case, raising concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±4.71%

Historical Avg

±2.7%

Pricing rich

The options market is pricing in a significant move of about 4.71%, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±4.7% while NWN has averaged ±2.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

30.7%

Calls (100)P/C Ratio: 4.00Puts (100)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 8 of 30 (27%)

This setup has occurred 30 times across Utilities in the last 2 years. 22 of 30 (73%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 1.3%, with a raw directional average of -0.6% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NWN beats expectations, history suggests a potential stock increase of around 1.19% on the following day, confirming positive investor sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction, reflecting cautious investor sentiment.

Miss

If NWN misses expectations, history suggests a potential decline of around 0.63% on the following day, which could further shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth or retention rates.
2Details on cost management strategies and their impact on margins.
3Insights into regulatory changes affecting the gas utility sector.
4Commentary on future capital expenditures and investment plans.
5Any guidance on expected revenue trends for the next quarter.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, which is vital for long-term sustainability.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

NWN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+59.62%

Avg Stock Reaction

-1.12%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for NWN's upcoming earnings report are uncertain, given the lack of analyst estimates and mixed reactions to previous earnings.

Bull Case

If NWN can continue its trend of beating EPS estimates, it may signal strong operational performance and investor confidence, potentially leading to a stock price increase.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to further stock price declines, especially given the recent negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

The EPS figure will be a critical indicator of the company's profitability and could significantly influence investor sentiment.

How is revenue expected to trend in the upcoming quarters?

Understanding revenue trends will help investors gauge the company's growth potential and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating NWN's ability to maintain profitability despite recent challenges, as historical performance shows a strong track record of beating EPS estimates.

Supporting Evidence

NWN has an 88% EPS beat rate over the last eight quarters, indicating consistent operational strength.

The options market is pricing in a significant move, suggesting that traders expect volatility, which could indicate underlying confidence.

The stock's historical reaction to earnings surprises shows that even small beats can lead to positive price movements.

Key Risk

If EPS comes in above $2.40, it could significantly shift market perception and validate the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will provide insights into NWN's ability to maintain profitability and growth amidst market fluctuations.

Bull Confirmed If

An EPS of $2.40 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $2.20 would confirm the bear case, raising concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±4.71%

Historical Avg

±2.7%

Pricing rich

The options market is pricing in a significant move of about 4.71%, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±4.7% while NWN has averaged ±2.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

30.7%

Calls (100)P/C Ratio: 4.00Puts (100)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 8 of 30 (27%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NWN beats expectations, history suggests a potential stock increase of around 1.19% on the following day, confirming positive investor sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction, reflecting cautious investor sentiment.

Miss

If NWN misses expectations, history suggests a potential decline of around 0.63% on the following day, which could further shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth or retention rates.
2Details on cost management strategies and their impact on margins.
3Insights into regulatory changes affecting the gas utility sector.
4Commentary on future capital expenditures and investment plans.
5Any guidance on expected revenue trends for the next quarter.