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Northwest Gas ( (NWN) ) just unveiled an announcement.
Northwest Natural Holding Company has completed the acquisition of SiEnergy Operating, LLC for approximately $271.1 million, with the assumption of $156.1 million in debt, marking a strategic expansion into the rapidly growing Texas gas utility market. This acquisition is expected to enhance NW Holdings’ presence in Texas, providing opportunities for organic growth and strengthening its position in the energy sector.
More about Northwest Gas
Northwest Natural Holding Company (NW Holdings), headquartered in Portland, Oregon, is a prominent energy and utility services provider, offering natural gas, water, wastewater, and renewable energy solutions to nearly one million customers across six states. The company is recognized for its commitment to safety, environmental stewardship, and community care, with a strong emphasis on customer satisfaction and ethical practices.
YTD Price Performance: -2.38%
Average Trading Volume: 214,785
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.55B
For detailed information about NWN stock, go to TipRanks’ Stock Analysis page.
