Northwest Natural Gas Announces 35% Gain In Q2 Profit

(RTTNews) - Northwest Natural Gas (NWN) reported a profit for its second quarter that increased compared to the same period last year.

The company said its bottom line advanced to $2.73 million, or $0.10 per share. This was up from $2.02 million, or $0.07 per share, in last year's second quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1045.6% to $1136.24 million. This was up from $99.18 million last year.

Northwest Natural Gas earnings at a glance:

-Earnings (Q2): $2.73 Mln. vs. $2.02 Mln. last year. -Earnings Growth (Y-o-Y): 35.1% -EPS (Q2): $0.10 vs. $0.07 last year. -EPS Growth (Y-o-Y): 42.9% -Analysts Estimate: $0.05 -Revenue (Q2): $1136.24 Mln vs. $99.18 Mln last year. -Revenue Change (Y-o-Y): 1045.6%

-Guidance: Full year EPS guidance: $2.05 to $2.25