- Adjusted net loss from other businesses increased by $4.2 million or $0.11 per share, mainly due to higher interest expense at the holding company.
- Net income improvements were driven by higher margin from new rates at the Oregon gas utility, contributions from SiEnergy, increased water utility earnings, and renewables.
- Northwest Natural Holdings reported adjusted net income of $315,000 or $0.01 per share for Q2 2025, compared to a loss of $2.8 million or $0.07 per share in Q2 2024.
- Operating expenses increased due to higher payroll, benefits, depreciation, and interest expense.
- SiEnergy posted net income of $1 million or $0.03 per share in Q2 2025, performing in line with expectations after acquisition.
- Water segment net income increased by $1.8 million or $0.04 per share, driven by new rates and acquisitions.
- Year-to-date adjusted net income was $92.1 million or $2.28 per share for 2025, up from $61 million or $1.60 per share in the same period last year.
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Dafinchi