Northwest Natural Gas Affirms FY24 Adjusted EPS Guidance Of $2.20-$2.40 Vs $2.31 Est.
Portfolio Pulse from Benzinga Newsdesk
Northwest Natural Gas (NW Holdings) reaffirmed its FY24 adjusted EPS guidance of $2.20-$2.40, despite revising its GAAP guidance to $1.94-$2.14 due to a $13.7 million non-cash charge.
October 29, 2024 | 4:47 pm
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Northwest Natural Gas reaffirmed its FY24 adjusted EPS guidance of $2.20-$2.40, while revising its GAAP guidance to $1.94-$2.14 due to a $13.7 million non-cash charge.
The reaffirmation of the adjusted EPS guidance suggests stability in the company's earnings outlook, which is positive. However, the revision of the GAAP guidance due to a non-cash charge introduces some uncertainty. The market may react neutrally as the adjusted guidance remains unchanged.
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