Financial Performance - GAAP net income was approximately $143 million, a $7.1 million increase quarter-over-quarter[21] - Adjusted diluted earnings per share increased from $1.37 in Q1 2024 to $1.65 in Q1 2025[48] - Southwest Gas expects to issue less than $100 million of equity in 2025 through the existing ATM program, pending Centuri exit path[56] - Southwest Gas reaffirmed its 2025 net income guidance of $265 - $275 million and CapEx of ~$880 million[19, 61] - The company is targeting a 6.0% to 8.0% net income growth and 6.0% to 8.0% rate base growth from 2025-2029[19] Regulatory Updates - Arizona general rate case approved, resulting in ~$80.2 million revenue increase, a 9.84% allowed return on equity, and a 48.5% allowed equity capitalization[21, 25] - GBGTC rate case approved, leading to a revenue increase of ~$9.6 million[25] - California rate case filed in September 2024, requesting a revenue increase of ~$44 million, with rates anticipated to become effective January 2026[25, 37] Growth and Operations - Approximately 40,000 new meter sets were added during the last 12 months, resulting in a 1.8% customer growth rate[21] - Operations and maintenance expense decreased by 1.1% over the first three months of 2025 compared with the same period in 2024[21] - The company projects a population growth of 4.40% in Arizona and 3.42% in Nevada from 2025 to 2030[42]

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 March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Commission | Exact name of registrant as specified in its charter and | | | State of | I.R.S. | | --- | --- | --- | --- | --- | --- | | File Number | principal of ice address and telephone number | ...

Southwest Gas Holdings, Inc. Reports First Quarter 2025 Financial Results, Reaffirms Guidance Delivers a Last-Twelve-Months' Utility ROE of 8.2% and Earnings Growth of 5.2% over 1Q 2024 Receives ~$80.2 Million Annual Revenue Increase from Completed Arizona Rate Case LAS VEGAS – May 12, 2025 – Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or "Company") today reported results for its first quarter ended March 31, 2025. This earnings press release should be read in conjunction with the For ...

Core Insights - Southwest Gas Holdings reported a net income of $113.9 million for Q1 2025, an increase of $26.2 million compared to Q1 2024, driven by higher operating margins and improved performance at Centuri [4][7][20] - The company achieved a utility return on equity (ROE) of 8.2% over the last twelve months, with a 5.2% earnings growth in Q1 2025 [6][24] - An annual revenue increase of approximately $80.2 million was approved in Arizona, which included an increase in the allowed return on equity to 9.84% [6][25] Financial Performance - Net income for Q1 2025 was $113.9 million, compared to $87.7 million in Q1 2024, reflecting a significant improvement [4][20] - Adjusted net income for Q1 2025 was $119.4 million, up from $98.5 million in the same period last year, marking a 21% increase [7][22] - Diluted earnings per share rose to $1.58 in Q1 2025 from $1.22 in Q1 2024 [4][22] Operational Highlights - The utility added approximately 40,000 new meter sets, resulting in a 1.8% customer growth rate over the past twelve months [6][12] - The operating margin increased by $38.9 million, with combined rate relief in Nevada, California, and Arizona contributing approximately $27 million [12][20] - Operations and maintenance expenses decreased by $1.5 million, primarily due to reduced external contractor costs [12][20] Strategic Developments - The company is committed to fully separating Centuri and is evaluating market conditions for optimal timing and value [3][11] - A constructive outcome on the revenue phase of the Arizona general rate case has bolstered the company's regulatory strategy [2][6] - The company anticipates a final decision on the proposed system integrity mechanism settlement in the third quarter of 2025 [2][11] Guidance and Outlook - The company reaffirmed its 2025 net income guidance of $265 million to $275 million and projected capital expenditures of approximately $880 million [10] - The expected compound annual growth rate (CAGR) for adjusted net income from 2025 to 2029 is estimated to be between 6.0% and 8.0% [10] - The authorized rate base across various jurisdictions totals approximately $5.81 billion, with an average authorized return on common equity of 9.89% [25][26]

Core Viewpoint - Southwest Gas Holdings, Inc. has rescheduled its financial results release and conference call for the first quarter of fiscal year 2025 to May 12, 2025, from the previously scheduled date of May 7, 2025 [1]. Financial Guidance and Outlook - The company affirms its full year 2025 net income guidance to be between $265 million and $275 million [4]. - Capital expenditures for 2025 are estimated to be approximately $880 million, aimed at customer growth, system improvements, and pipe replacement programs [4]. - The compound annual growth rate (CAGR) for adjusted net income from 2025 to 2029 is projected to be between 6.0% and 8.0% [4]. - Total capital expenditures from 2025 to 2029 are expected to reach $4.3 billion [4]. - The rate base CAGR for the same period (2025-2029) is also projected to be between 6.0% and 8.0% [4]. Company Overview - Southwest Gas Holdings, Inc. operates through its subsidiary, Southwest Gas Corporation, which is involved in the purchasing, distributing, and transporting of natural gas [6]. - The company serves over 2 million customers across Arizona, Nevada, and California, focusing on safe and reliable service while promoting sustainable energy solutions [6]. - Southwest Gas Holdings is the majority owner of Centuri Holdings, Inc., which provides utility infrastructure services across North America [6][5].

Southwest Gas (SWX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Sinc ...

LAS VEGAS, May 1, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") is pleased to announce the election of Brian E. Sandoval to its Board of Directors at the Company's annual meeting earlier today. Brian E. Sandoval With a distinguished career in public service and governance, Sandoval brings extensive legal, regulatory, and corporate leadership experience to help guide the Company as it continues its focus on delivering long-term growth and value to stock ...

Group 1 - The company, Southwest Gas Holdings, Inc., will host its first quarter earnings conference call on May 7, 2025, at 11:00 AM ET [1] - A news release will be issued before the markets open on the same day [1] - The conference call will be available for live streaming on the company's website [1] Group 2 - The telephone number for the conference call is (800) 836-8184, with an international number of (646) 357-8785 [2] - A digital replay of the call will be accessible starting one hour after the call ends, available until 4:30 PM ET on May 14, 2025 [2] - The replay can be accessed by dialing (888) 660-6345 or internationally at (646) 517-4150, with a replay code of 98626 [2]

Group 1 - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1][2] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market over the next 30 days, based on value, growth, and momentum characteristics [2][3] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales, appealing to value investors [3] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings, sales, and cash flow [4] - The Momentum Score assists investors in capitalizing on price trends, utilizing metrics like weekly price changes and monthly earnings estimate shifts [5] Group 3 - The VGM Score combines the Value, Growth, and Momentum Scores to identify stocks with the most attractive overall characteristics, serving as a strong indicator alongside the Zacks Rank [6] - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify the process of building a successful investment portfolio [7][10] Group 4 - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the highest probability of success [10][11] Group 5 - Southwest Gas Corporation (SWX) is a regulated utility providing natural gas services, currently holding a Zacks Rank of 2 (Buy) and a VGM Score of A [12] - SWX has a forward P/E ratio of 19.66, indicating attractive valuation metrics for value investors [12][13] - Recent earnings estimates for fiscal 2025 have been revised upward, with the Zacks Consensus Estimate increasing by $0.05 to $3.74 per share, and an average earnings surprise of 0.5% [13]

The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Southwest Gas (SWX) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.Southwest Gas is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 diff ...