Northwest Natural Beats Q3 2026 Estimates as Revenue Rises 8.0% to $178.0M

Northwest Natural (NWN) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $178.0 million, up 8.0% from a year earlier, above the $176.4 million estimate, and adjusted EPS was -$0.71, up 2.7% from a year earlier, above the -$0.88 estimate.

Shares rose 0.2% in premarket trading as of 6:00 a.m. ET, to $51.43 from a $51.32 close.

Q3 2026 scorecard

By our calculation, revenue was $1.6 million above the estimate and adjusted EPS was $0.17 above it. The QoQ column compares with the previous quarter's revenue of $243.6 million and adjusted EPS of $0.01. The YoY column compares with $164.7 million and -$0.73 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 3 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $164.7 million, $394.2 million, $490.4 million, $243.6 million and $178.0 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $1.64 and revenue of $445.0 million next quarter, based on 6 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 8.0% increase to $178.0 million.
• Estimate record. Whether Northwest Natural extends a record of beating EPS estimates in 6 of its last 8 reports.
• Related coverage. See our reports on Dorian LPG, Oscar Health, Perimeter Solutions and Arhaus.

Sources: Results are from Northwest Natural's Nov. 4, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Northwest Natural's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.