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SWX Stock Rides on Strategic Investments and Expanding Customer Base
ZACKS· 2024-09-03 13:40
Southwest Gas Holdings, Inc. (SWX) is a regulated utility company that provides natural gas services and operates a pipeline transmission system. Its strategic investments and diverse and growing customer base will further boost its performance. However, this Zacks Rank #3 (Hold) company faces risks related to the high dependence on interstate pipelines' transportation capacity. SWX's Tailwinds Southwest Gas plans to invest $2.4 billion during the 2024-2026 period to meet the growing demand for safe, reliab ...
Elliott Sends Open Letter to Its Fellow Southwest Shareholders
Prnewswire· 2024-08-26 12:31
Reiterates Framework for a Comprehensive Solution at Southwest Calls for Southwest Board to Put Company's Best Interests Ahead of Leadership's Personal Interests Full Letter Available at StrongerSouthwest.com WEST PALM BEACH, Fla., Aug. 26, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment representing an approximately 11% economic interest in Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest"), today sent an open letter t ...
Southwest Gas (SWX) Q2 Earnings Lag Estimates, Revenues Down Y/Y
ZACKS· 2024-08-07 14:02
Southwest Gas Holdings Inc. (SWX) recorded second-quarter 2024 operating earnings of 31 cents per share, which missed the Zacks Consensus Estimate of 43 cents by 27.9%. The bottom line also decreased 34% from the year-ago quarter's figure of 47 cents. Total Revenues Operating revenues totaled $1.18 billion, which missed the Zacks Consensus Estimate of $1.23 billion by 3.9%. The top line also decreased 8.7% from $1.29 billion in the prior-year quarter. Highlights of the Release Utility infrastructure service ...
Southwest Gas (SWX) - 2024 Q2 - Earnings Call Presentation
2024-08-06 19:28
Earnings Conference Call Second Quarter 2024 Results August 6, 2024 Safe Harbor Statement Forward-Looking Statements Unless context otherwise requires, in this presentation, references to "we", "us" and "our" are to Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company" or "SWX") together with its current and former consolidated subsidiaries, which include, among others, Southwest Gas Corporation ("Southwest", "SWG", "Utility" or "Natural Gas Distribution" segment), MountainWest Pipeline ...
Southwest Gas (SWX) - 2024 Q2 - Earnings Call Transcript
2024-08-06 19:25
Southwest Gas Holdings, Inc. (NYSE:SWX) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Justin Forsberg - Vice President, Investor Relations and Treasurer Karen Haller - President and CEO Rob Stefani - Chief Financial Officer Justin Brown - President, Southwest Gas Corporation Conference Call Participants Richard Sunderland - JPMorgan Ryan Levine - Citi Operator Welcome to Southwest Gas Holdings Second Quarter 2024 Earnings Conference Call. Today’s call is being recorded and ...
Southwest Gas (SWX) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-06 14:11
Southwest Gas (SWX) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -27.91%. A quarter ago, it was expected that this natural gas company would post earnings of $1.70 per share when it actually produced earnings of $1.37, delivering a surprise of -19.41%. Over the last four quarters, ...
Southwest Gas (SWX) - 2024 Q2 - Quarterly Report
2024-08-06 12:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File NumberExact name of registrant as specified in its charter and principal of ice address and telephone numberState of IncorporationI.R.S. Employer Identification No. 001-37976 Southwest ...
Southwest Gas (SWX) - 2024 Q2 - Quarterly Results
2024-08-06 12:06
For Immediate Release August 6, 2024 Southwest Gas Holdings, Inc. Reports Second Quarter 2024 Financial Results; Raises Utility Net Income Guidance Delivers Second Quarter Utility Earnings Growth of 44.5% Margin Improvement From Nevada Rate Case Outcome Centuri IPO Successfully Executed; Net Proceeds Used to Reduce Centuri Debt LAS VEGAS – August 6, 2024 – Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or "Company") today reported second quarter 2024 consolidated net income of $18.3 million, or $ ...
Southwest Gas Holdings, Inc. Reports Second Quarter 2024 Financial Results; Raises Utility Net Income Guidance
Prnewswire· 2024-08-06 12:00
Delivers Second Quarter Utility Earnings Growth of 44.5% Margin Improvement From Nevada Rate Case Outcome Centuri IPO Successfully Executed; Net Proceeds Used to Reduce Centuri Debt LAS VEGAS, Aug. 6, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or "Company") today reported second quarter 2024 consolidated net income of $18.3 million, or $0.25 per diluted share, and adjusted consolidated net income of $22.5 million, or $0.31 per diluted share. These results compared to cons ...
Analysts Estimate Southwest Gas (SWX) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-07-30 15:07
Southwest Gas (SWX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than expe ...