NWN
Market read
NWN accounts for 10.3% of the group's measured movement across 3.6 effective names. raw member direction is mixed; 6 of 7 session-normalized paths align to the downside. Capital-flow agreement is 6%, so confirmation is not yet clean. No verified headline preceded the measured group move.
SUN, OGS, MNR moved materially before NWN. NWN crossed its material path threshold at 15:35 ET. SR, NJR followed.
5 of 7 members in Natural Gas Exposure are active. 0 of 1 disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 2 of 7 members or fewer.
Research brief
NWN accounts for 10.3% of the group's measured movement across 3.6 effective names. raw member direction is mixed; 6 of 7 session-normalized paths align to the downside. Capital-flow agreement is 6%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“In the event NW Natural is not able to issue new long-term debt due to adverse market conditions or other reasons, NW Natural expects that near-term liquidity needs can be met using internal cash flows, issuing commercial paper, receiving equity contributions…”10-Q · Aug 5, 2026 ↗
“The margin adjustment resulting from differences between actual and expected volumes under the decoupling component is recorded to a deferral account, which is included in the annual PGA filing.”10-Q · Aug 5, 2026 ↗
“In addition, NW Holdings capital expenditures increased by $11.5 million, driven by continued investment in our natural gas, water and wastewater utility systems.”10-Q · May 6, 2026 ↗
“In addition, NW Holdings capital expenditures increased by $11.5 million, driven by continued investment in our natural gas, water and wastewater utility systems.”10-Q · May 6, 2026 ↗
Valuation discipline
Price/sales 1.6× · EV/sales 3.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for NWN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-06 against the comparable filing from 2025-05-06.
“See the NW Natural margin table below for additional margin detail; • $3.5 million decrease in income tax expense primarily due to lower non-deductible executive compensation and higher AFUDC equity income; partially offset by • $3.4 million increase in depreciation expense due to additional capital investments; and • $2.8 million increase in operations and maintenance expenses due primarily to an increase in employee related expenses, technology, insurance and professional services expenses.”
“In addition, NW Holdings capital expenditures increased by $11.5 million, driven by continued investment in our natural gas, water and wastewater utility systems.”
“The decrease in cash (used in) provided by financing activities at NW Holdings was primarily driven by lower issuances of long-term debt, partially offset by lower repayments of short-term debt, lower proceeds from common stock issuances, and higher repayments on long-term debt.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Summary of Significant Debt Extinguishments and Repayments NW Holdings On January 7, 2025, NW Holdings entered into a 364 -Day Term Loan Credit Agreement (the Acquisition Bridge Facility) among NW Holdings, as borrower, certain lenders parties thereto, and JP…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
NWN is currently a Leader in the organic co-movement group Natural Gas Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.