Northwest Natural Affirms FY18 Earnings Outlook - Quick Facts

(RTTNews) - Northwest Natural Holding Co. (NWN) on Tuesday affirmed its fiscal 2018 guidance for earnings in the range of $2.10 to $2.30 per share.

This guidance assumes continued customer growth from our NW Natural utility segment, average weather conditions, and no significant changes in prevailing regulatory policies, mechanisms, or outcomes, or significant laws or regulations.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.25 per share for the year. Analysts' estimates typically exclude special items.

NW Natural also continues to expect capital expenditures for 2018 to be in the range of $190 million to $220 million to support core gas utility customer growth and safety and reliability, as well as the continued construction of the North Mist Expansion Project.

Further, NW Holdings' Board of Directors declared a quarterly dividend of 47.50 cents per share on NW Holdings' common stock, payable on November 15 to shareholders of record on October 31, 2018, reflecting an annual indicated dividend rate of $1.90 per share.