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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Current assets:      
Cash and cash equivalents $ 140,821 $ 29,270 $ 24,325
Accounts receivable 164,157 168,906 103,131
Accrued unbilled revenue 59,542 89,048 41,772
Allowance for uncollectible accounts (6,760) (3,296) (2,488)
Regulatory assets 126,546 117,491 64,481
Derivative instruments 8,507 194,412 84,438
Inventories 41,392 87,096 33,377
Other current assets 41,968 61,286 42,329
Total current assets 576,173 744,213 391,365
Non-current assets:      
Property, plant, and equipment 4,320,476 4,261,566 4,041,894
Less: Accumulated depreciation 1,164,498 1,147,166 1,137,138
Total property, plant, and equipment, net 3,155,978 3,114,400 2,904,756
Regulatory assets 311,419 340,432 297,546
Derivative instruments 1,432 5,045 6,955
Other investments 93,611 95,704 96,266
Operating lease right of use asset, net 72,699 73,429 74,416
Assets under sales-type leases 133,159 134,302 137,837
Goodwill 149,836 149,283 70,570
Other non-current assets 97,789 91,518 74,923
Total non-current assets 4,015,923 4,004,113 3,663,269
Total assets 4,592,096 4,748,326 4,054,634
Current liabilities:      
Short-term debt 72,500 258,200 332,500
Current maturities of long-term debt 240,712 90,697 339
Accounts payable 111,152 180,667 130,557
Taxes accrued 31,372 15,625 14,258
Interest accrued 13,089 10,169 10,886
Regulatory liabilities 57,523 248,582 111,791
Derivative instruments 44,370 28,728 3,855
Operating lease liabilities 1,700 1,514 1,303
Other current liabilities 71,662 64,552 52,778
Total current liabilities 644,080 898,734 658,267
Long-term debt 1,294,590 1,246,167 1,044,667
Deferred credits and other non-current liabilities:      
Deferred tax liabilities 376,237 366,022 353,746
Regulatory liabilities 669,328 689,578 652,977
Pension and other postretirement benefit liabilities 147,890 149,143 164,530
Derivative instruments 15,382 20,838 592
Operating lease liabilities 78,302 78,965 79,162
Other non-current liabilities 117,980 123,438 112,749
Total deferred credits and other non-current liabilities 1,405,119 1,427,984 1,363,756
Commitments and contingencies (Note 16)
Equity:      
Common stock $ 824,304 $ 805,253 $ 602,382
Shares Authorized (in shares) 100,000,000 100,000,000 100,000,000
Shares outstanding (in shares) 35,929,000 35,525,000 31,380,000
Shares issued (in shares) 35,929,000 35,525,000 31,380,000
Par Value (in dollars per share) $ 0 $ 0 $ 0
Retained earnings $ 430,597 $ 376,473 $ 396,769
Accumulated other comprehensive loss (6,594) (6,285) (11,207)
Total equity 1,248,307 1,175,441 987,944
Total liabilities and equity 4,592,096 4,748,326 4,054,634
Northwest Natural Gas Company [Member]      
Current assets:      
Cash and cash equivalents 129,731 12,977 10,165
Accounts receivable 158,675 165,607 101,551
Accrued unbilled revenue 57,855 87,482 41,651
Receivables from affiliates 2,388 634 1,850
Allowance for uncollectible accounts (3,937) (3,079) (2,432)
Regulatory assets 126,546 117,491 64,481
Derivative instruments 8,890 194,236 84,438
Inventories 39,835 86,207 32,757
Other current assets 40,950 57,269 39,507
Total current assets 560,933 718,824 373,968
Non-current assets:      
Property, plant, and equipment 4,200,299 4,148,547 3,971,050
Less: Accumulated depreciation 1,153,060 1,137,231 1,129,837
Total property, plant, and equipment, net 3,047,239 3,011,316 2,841,213
Regulatory assets 311,394 340,407 297,482
Derivative instruments 1,432 5,045 6,955
Other investments 78,102 80,110 81,797
Operating lease right of use asset, net 72,077 72,720 74,361
Assets under sales-type leases 133,158 134,302 137,837
Other non-current assets 96,300 89,994 73,207
Total non-current assets 3,739,702 3,733,894 3,512,852
Total assets 4,300,635 4,452,718 3,886,820
Current liabilities:      
Short-term debt 0 170,200 188,500
Current maturities of long-term debt 89,962 89,942 0
Accounts payable 107,986 177,590 127,569
Payables to affiliates 24,806 9,175 9,619
Taxes accrued 15,120 15,426 14,224
Interest accrued 12,535 8,900 10,708
Regulatory liabilities 57,494 248,553 111,791
Derivative instruments 44,370 28,728 3,855
Operating lease liabilities 1,538 1,363 1,286
Other current liabilities 69,114 62,019 52,053
Total current liabilities 422,925 811,896 519,605
Long-term debt 1,234,460 1,035,935 986,627
Deferred credits and other non-current liabilities:      
Deferred tax liabilities 374,092 362,353 351,191
Regulatory liabilities 668,348 688,599 651,995
Pension and other postretirement benefit liabilities 147,890 149,143 164,530
Derivative instruments 15,382 20,838 592
Operating lease liabilities 77,840 78,345 79,125
Other non-current liabilities 109,518 114,527 111,546
Total deferred credits and other non-current liabilities 1,393,070 1,413,805 1,358,979
Commitments and contingencies (Note 16)
Equity:      
Common stock 614,911 614,903 436,042
Retained earnings 641,581 582,593 596,774
Accumulated other comprehensive loss (6,312) (6,414) (11,207)
Total equity 1,250,180 1,191,082 1,021,609
Total liabilities and equity $ 4,300,635 $ 4,452,718 $ 3,886,820