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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 ...
Southwest Gas Holdings, Inc. to Report Second Quarter 2024 Results on August 6, 2024
Prnewswire· 2024-07-11 20:30
Date: Tuesday, August 6, 2024 Time: 11:00 AM ET Telephone number: (800) 836-8184 International telephone number:(646) 357-8785 If you are unable to participate during the live webcast, the call will also be archived on the Company's website at www.swgasholdings.com. Alternatively, a digital replay of the call can be accessed by dialing (888) 660-6345 or internationally at (646) 517-4150, beginning one hour after the end of the earnings call. Replay code is 44112#. The digital replay of the call will be avai ...
Southwest Gas Welcomes 1,000th Natural Gas Customer in Mesquite
Prnewswire· 2024-06-20 17:37
Chicago Greek Restaurant Becomes Historic Customer MESQUITE, Nev., June 20, 2024 /PRNewswire/ -- Recently, Southwest Gas proudly turned on natural gas service to its 1,000th customer in Mesquite, Nevada. The Chicago Greek restaurant, which serves both classic Greek and Chicago-inspired dishes, converted from propane to natural gas to create more flexibility when cooking and enhance service to its customers. Mesquite saw its first business become a Southwest Gas customer in 2019 as a result of the passing of ...
This Dividend Stock Is Carl Icahn's Biggest Bet. Should You Buy It?
The Motley Fool· 2024-06-09 09:23
Probably better off with a diversified utility ETF Carl Icahn's Icahn Enterprises owns 15% of Southwest Gas. Is that enough to make it worth adding to your portfolio? Icahn Enterprises owns or effectively owns some companies, meaning it has total control of the entities. An example of this is CVR Energy (NYSE: CVI), which the company treats as an operating subsidiary because it owns a controlling stake (66% of the shares) in the still publicly traded company. But it has also invested in a portfolio of five ...
Why Is Southwest Gas (SWX) Down 2.4% Since Last Earnings Report?
ZACKS· 2024-06-07 16:36
A month has gone by since the last earnings report for Southwest Gas (SWX) . Shares have lost about 2.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Southwest Gas due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Southwest Gas Q1 Earnings Miss Estimates, Sale ...
Southwest Gas (SWX) Rides on Investment, Expanding Customer Base
ZACKS· 2024-06-07 14:05
Southwest Gas strategically plans its investments to meet the growing demand for safe, reliable and affordable energy solutions. The company expects a capital investment of $2.4 billion during 2024-2026. The capital expenditure is expected to be $830 million in 2024 to support customer growth, system improvements and pipe replacement programs. SWX's natural gas operations have a diversified and growing customer base in the three states, namely Arizona, Nevada and California. Owing to strong economic growth ...