Northwest Natural Gas Company (NWN) 2017年年度报告「NYSE」.pdf

1、2017 ANNUAL REPORTGROWTH SUSTAINABILITY INNOVATION4With an unwavering commitment to our customers and a clear-eyed focuson the future,2017 was a pivotal year for NW Natural.We welcomed new customers at the fastest rate in a decade;we made progress on an important expansion project;we continued to in

2、vest in ourdistribution systemone of the most modern in the nation;we announced plans to expand into the water utility sector;and once again,our customersrewarded us with high satisfaction ratings.For nearly 160 years,leadership has been a hallmark of NW Naturals successin our industry,in our region

3、 and in the communities we serve.That,coupled with innovation,has made us resilient in a changing world.But leadership and progress require balancing interests,and,at times,?of our Gill Ranch storage facility in California.Ultimately,we determined thatGill Ranch is no longer central to our broader u

4、tility strategy,which is focusedon providing stable,regulated earnings growth for shareholders.Going forward,we will continue pursuing all strategic options to maximize its value,as we remain focused on operating the facility safely and serving ourcurrent customers.Financially in 2017,we reported a

5、loss of$1.94 per share compared to?after-tax$142 million impairment of Gill Ranch,partially offset by a noncash?Excluding these items on a non-GAAP basis,we delivered strong earningsand performed very well.Adjusted net income was$2.24 per share for 2017,1up 5 cents compared to$2.19 per share for 201

6、6.2?-ship team and employees to position us for growth and sustainable success.CORPORATE PROFILENWN NATURAL(NYSE:NWN)is a 159-year-old natural gas distribution companyheadq quartered in Portla and,Oregon.NWN NATURALserves nearly 740,0 000 utility customers in Ore egon and Southwest Washington and pr