Core Viewpoint - Southwest Gas Holdings, Inc. reported strong utility earnings with a 9% year-to-date earnings growth year-over-year, driven by regulatory priorities and disciplined business management efforts [2][4]. Financial Performance - The company reported third quarter 2024 consolidated net income of $0.3 million, or less than one cent per diluted share, compared to $3.2 million, or $0.04 per diluted share, in the third quarter of 2023 [1]. - Adjusted consolidated net income for the third quarter of 2024 was $6.8 million, or $0.09 per diluted share, down from $12.6 million, or $0.17 per diluted share, in the same period last year [1][25]. - The natural gas distribution segment recorded a net income of $0.6 million in Q3 2024, a significant improvement from a net loss of $3.3 million in Q3 2023 [10][12]. Operational Highlights - The utility achieved a twelve-month utility gross margin of $0.7 billion and a record utility operating margin of $1.3 billion [8]. - Approximately 41,000 new meter sets were added to the customer count over the last 12 months, representing a 1.9% increase [8]. - The company made a capital investment of $644 million year-to-date to enhance safety and reliability of the distribution infrastructure [8]. Regulatory Developments - Southwest Gas filed a rate case in California and is advancing its Arizona general rate case, reflecting significant investments made on behalf of customers [3][4]. - The company continues to see positive impacts from the recovery of investments in Nevada, enhancing safety and reliability for its growing customer base [3]. Segment Performance - The utility infrastructure services segment recorded a net income of $10 million and adjusted net income of $16 million in Q3 2024, compared to $18 million and $23.4 million in Q3 2023, respectively [15]. - Year-to-date 2024, the utility infrastructure services segment reported a net loss of $21.2 million, a decline from a net income of $24.9 million in the same period of 2023 [17]. Future Outlook - The company expects 2024 utility net income to finish within the top half of its guidance range of $233 million to $243 million [14]. - Capital expenditures for 2024 are projected to be approximately $830 million, supporting customer growth and system improvements [14].

Company to Host Earnings Conference Call on November 6, 2024LAS VEGAS, Oct. 23, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") will hold its third quarter earnings conference call and webcast on November 6, 2024, at 11:00 AM ET, following its news release to be issued before the markets open that day.The conference call will be webcast live on the Company's website at www.swgasholdings.com.Date: Wednesday, November 6, 2024 Time: 11:00 AM ET Telephone number: ...

A month has gone by since the last earnings report for Southwest Gas (SWX) . Shares have added about 0.6% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Southwest Gas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Southwest Gas Q2 Earnings Lag Estimates, Revenu ...

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 ...

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) 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, ...

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 ...

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 ...

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 ...

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 ...