Northwest Natural Expects Capital Expenditures Of $350M-$400M For FY24 And $1.4B-$1.6B For The Five-year Period From 2024 To 2028
Portfolio Pulse from Benzinga Newsdesk
Northwest Natural has projected its capital expenditures to be between $350M-$400M for the fiscal year 2024 and anticipates spending $1.4B-$1.6B over the five-year period from 2024 to 2028.
February 23, 2024 | 11:07 am
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Northwest Natural projects significant capital expenditures for FY24 and the following five years, indicating a strong investment in infrastructure or expansion.
The announcement of substantial capital expenditures by Northwest Natural suggests a strategic investment in its infrastructure or expansion efforts. This could signal to investors a positive outlook on the company's growth and operational capabilities, potentially leading to an increase in stock price in the short term.
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