Northwest Natural Holding stock tracks Texas rate deal

Northwest Natural Holding stock was trading at USD 47.03 on the NYSE on September 24, 2026, down 0.42 percent in intraday trading. The companys Texas subsidiary reached a settlement that could add USD 8.6 million to annual revenue requirements if regulators approve it.

Texas settlement sets key figures

According to Stock Titan, SiEnergy filed the settlement with the Railroad Commission of Texas on September 22, 2026. The agreement sets a 9.8 percent return on equity, an 8.0 percent overall cost of capital and an USD 343 million rate base.

The annual revenue requirement increase is USD 8.6 million, below SiEnergys original USD 12.0 million request. That difference makes the settlement more measured than the initial filing, while the USD 177 million increase in the rate base since 2023 expands the assets supporting future regulated returns.

Second quarter missed on revenue

Northwest Natural Holdings Q2 2026 results provide a counterweight to the regulatory benefit. According to Investing.com, revenue was USD 243.55 million against USD 271.87 million expected, while EPS was USD 0.01 compared with an expected USD 0.06 loss.

The same August 5, 2026 results update said management expected 2026 EPS in the upper half of its USD 2.95 to USD 3.15 guidance range. The combination of a revenue shortfall and improved earnings outlook puts operating execution alongside regulatory progress at the center of the stock story.

Stock stays below yearly high

At USD 47.03, the stock stood USD 8.96 below its 52-week high of USD 55.99 and USD 3.41 above its 52-week low of USD 43.62 on September 24, 2026. The position shows a share price closer to the lower end of its annual range than to its high, despite the Texas settlement.

Northwest Natural Holding reported market capitalization of USD 1,979,041,212 on the same date. For investors, the regulatory approval path and the companys ability to convert the Q2 earnings outlook into reported results are the two concrete checkpoints around the current valuation.