NW Natural Holdings to Acquire Rapidly Growing Gas Utility
Northwest Natural Holding Company (NWN)
Last northwest natural holding company earnings: 8/6 06:00 am
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Source: Business Wire
Acquisition expands NWN’s presence in Texas PORTLAND, Ore.--(BUSINESS WIRE)--Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) today announced it entered into an agreement to acquire SiEnergy Operating, LLC (SiEnergy or the Company) from SiEnergy Capital Partners, LLC (an affiliate of Ridgewood Infrastructure) for $273 million in cash and the assumption of $152 million of debt. Upon closing the transaction, which is expected to occur in the first quarter of 2025, SiEnergy will become a wholly owned subsidiary of NW Natural Holdings.SiEnergy is one of the fastest growing natural gas distribution utilities in the nation. The Company serves approximately 70,000 residential and commercial customers in the greater metropolitan areas of Houston, Dallas, and Austin (known as the Texas Triangle). SiEnergy has grown organically by providing infrastructure to residential and commercial developments in high-growth areas and has a current contracted customer backlog of over 1
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News
- NW Natural Holdings to Acquire Rapidly Growing Gas Utility [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Northwest Natural (NWN) Stock? [Yahoo! Finance]Yahoo! Finance
- Northwest Natural Holding Company (NYSE:NWN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think [Yahoo! Finance]Yahoo! Finance
- Northwest Natural Holding (NYSE: NWN) had its price target lowered by analysts at Stifel Nicolaus from $45.00 to $44.00. They now have a "buy" rating on the stock.MarketBeat
- Northwest Natural Holding Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
NWN
Earnings
- 11/12/24 - Beat
NWN
Analyst Actions
- 11/14/24 - Stifel
NWN
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- NWN's page on the SEC website