Northwest Natural Gas Bottom Line Drops 8% In Q2

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

The company said its profit came in at $2.02 million, or $0.07 per share. This was lower than $2.20 million, or $0.08 per share, in last year's second quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 28.3% to $99.18 million. This was down from $138.28 million last year.

Northwest Natural Gas earnings at a glance:

-Earnings (Q2): $2.02 Mln. vs. $2.20 Mln. last year. -Earnings Decline (Y-o-Y): -8.2% -EPS (Q2): $0.07 vs. $0.08 last year. -EPS Decline (Y-o-Y): -12.5% -Analysts Estimate: $0.06 -Revenue (Q2): $99.18 Mln vs. $138.28 Mln last year. -Revenue Change (Y-o-Y): -28.3%

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