Northwest Natural Holding Co Earnings Per Share Disclosure
| In thousands, except per share data | 2025 | 2024 | 2023 | |||||||||||||||||
| Net income | $ | 113,319 | $ | 78,871 | $ | 93,868 | ||||||||||||||
| Average common shares outstanding - basic | 40,864 | 38,809 | 36,213 | |||||||||||||||||
| Additional shares for stock-based compensation plans (See Note 8) | 89 | 60 | 52 | |||||||||||||||||
| Average common shares outstanding - diluted | 40,953 | 38,869 | 36,265 | |||||||||||||||||
| Earnings per share of common stock: | ||||||||||||||||||||
| Basic | $ | 2.77 | $ | 2.03 | $ | 2.59 | ||||||||||||||
| Diluted | 2.77 | 2.03 | 2.59 | |||||||||||||||||
| Additional information: | ||||||||||||||||||||
| Anti-dilutive shares | 4 | 8 | 1 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Mar 1, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.