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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Current assets:      
Cash and cash equivalents $ 72,375 $ 32,920 $ 140,821
Accounts receivable 128,433 121,341 164,157
Accrued unbilled revenue 57,905 83,138 59,542
Allowance for uncollectible accounts (4,181) (3,455) (6,760)
Regulatory assets 127,666 178,270 126,546
Derivative instruments 5,746 11,380 8,507
Inventories 99,874 112,571 41,392
Other current assets 49,896 65,275 41,968
Total current assets 537,714 601,440 576,173
Non-current assets:      
Property, plant, and equipment 4,660,104 4,556,609 4,320,476
Less: Accumulated depreciation 1,218,580 1,198,555 1,164,498
Total property, plant, and equipment, net 3,441,524 3,358,054 3,155,978
Regulatory assets 309,173 333,443 311,419
Derivative instruments 3,099 431 1,432
Other investments 84,081 102,951 93,611
Operating lease right of use asset, net 70,547 71,308 72,699
Assets under sales-type leases 128,840 129,882 133,159
Goodwill 162,966 163,344 149,836
Other non-current assets 111,122 106,239 97,789
Total non-current assets 4,311,352 4,265,652 4,015,923
Total assets 4,849,066 4,867,092 4,592,096
Current liabilities:      
Short-term debt 94,700 89,780 72,500
Current maturities of long-term debt 869 150,865 240,712
Accounts payable 107,888 145,361 111,152
Taxes accrued 27,031 15,454 31,372
Interest accrued 16,360 15,836 13,089
Regulatory liabilities 77,659 84,962 57,523
Derivative instruments 52,677 98,661 44,370
Operating lease liabilities 2,053 2,333 1,700
Other current liabilities 89,107 93,626 71,662
Total current liabilities 468,344 696,878 644,080
Long-term debt 1,574,735 1,425,435 1,294,590
Deferred credits and other non-current liabilities:      
Deferred tax liabilities 394,068 382,673 376,237
Regulatory liabilities 700,703 695,896 669,328
Pension and other postretirement benefit liabilities 157,812 158,116 147,890
Derivative instruments 12,743 28,055 15,382
Operating lease liabilities 77,051 77,167 78,302
Other non-current liabilities 120,224 119,034 117,980
Total deferred credits and other non-current liabilities 1,462,601 1,460,941 1,405,119
Commitments and contingencies (Note 16)
Equity:      
Common stock $ 905,153 $ 890,976 $ 824,304
Shares Authorized (in shares) 100,000,000 100,000,000 100,000,000
Shares outstanding (in shares) 38,027,266 37,631,212 35,929,228
Shares issued (in shares) 38,027,266 37,631,212 35,929,228
Par Value (in dollars per share) $ 0 $ 0 $ 0
Retained earnings $ 445,058 $ 399,911 $ 430,597
Accumulated other comprehensive loss (6,825) (7,049) (6,594)
Total equity 1,343,386 1,283,838 1,248,307
Total liabilities and equity $ 4,849,066 4,867,092 4,592,096
Accounts Payable, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member]    
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member]    
Northwest Natural Gas Company [Member]      
Current assets:      
Cash and cash equivalents $ 61,906 19,841 129,731
Accounts receivable 124,827 117,216 158,675
Accrued unbilled revenue 56,213 81,524 57,855
Other Receivables, Net, Current 2,409 824 2,388
Allowance for uncollectible accounts (3,946) (3,228) (3,937)
Regulatory assets 127,641 178,270 126,546
Derivative instruments 5,420 11,184 8,890
Inventories 97,979 110,855 39,835
Other current assets 48,769 60,138 40,950
Total current assets 521,218 576,624 560,933
Non-current assets:      
Property, plant, and equipment 4,488,931 4,393,759 4,200,299
Less: Accumulated depreciation 1,199,866 1,181,962 1,153,060
Total property, plant, and equipment, net 3,289,065 3,211,797 3,047,239
Regulatory assets 309,067 333,418 311,394
Derivative instruments 2,700 373 1,432
Other investments 66,343 86,145 78,102
Operating lease right of use asset, net 70,019 70,728 72,077
Assets under sales-type leases 128,840 129,882 133,158
Other non-current assets 107,390 102,410 96,300
Total non-current assets 3,973,424 3,934,753 3,739,702
Total assets 4,494,642 4,511,377 4,300,635
Current liabilities:      
Short-term debt 31,700 16,780 0
Current maturities of long-term debt 0 0 89,962
Accounts payable 103,283 138,111 107,986
Accounts Payable, Other, Current 26,872 14,850 24,806
Taxes accrued 14,745 15,293 15,120
Interest accrued 15,487 15,111 12,535
Regulatory liabilities 77,463 84,912 57,494
Derivative instruments 52,677 98,661 44,370
Operating lease liabilities 1,863 2,128 1,538
Other current liabilities 84,700 89,371 69,114
Total current liabilities 408,790 475,217 422,925
Long-term debt 1,364,899 1,364,732 1,234,460
Deferred credits and other non-current liabilities:      
Deferred tax liabilities 381,568 371,867 374,092
Regulatory liabilities 699,753 694,947 668,348
Pension and other postretirement benefit liabilities 157,812 158,116 147,890
Derivative instruments 12,743 28,055 15,382
Operating lease liabilities 76,624 76,757 77,840
Other non-current liabilities 110,091 109,066 109,518
Total deferred credits and other non-current liabilities 1,438,591 1,438,808 1,393,070
Commitments and contingencies (Note 16)
Equity:      
Common stock 644,903 644,903 614,911
Retained earnings 644,818 594,954 641,581
Accumulated other comprehensive loss (7,359) (7,237) (6,312)
Total equity 1,282,362 1,232,620 1,250,180
Total liabilities and equity $ 4,494,642 $ 4,511,377 $ 4,300,635