Southwest Gas Earnings Reports

Southwest Gas delivered strong performance in Q4 2024, with a 34% increase in net income driven by higher operating margin and improved cost management.

Southwest Gas Holdings reported third quarter 2024 consolidated net income of $0.3 million, or less than one cent per diluted share, and adjusted consolidated net income of $6.8 million, or $0.09 per diluted share. The utility reported third quarter 2024 net income of $0.6 million.

Southwest Gas Holdings, Inc. 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. The utility reported second quarter 2024 net income of $27.6 million.

Southwest Gas Holdings reported a consolidated net income of $87.7 million, or $1.22 per diluted share, for Q1 2024, compared to $45.9 million, or $0.67 per diluted share, for Q1 2023. Adjusted consolidated net income was $98.5 million, or $1.37 per diluted share, compared to $121 million, or $1.77 per diluted share for the same period last year. The company also completed the Centuri IPO and is focused on becoming a pure-play natural gas utility.

Southwest Gas Holdings, Inc. reported a consolidated net income of $72.9 million, or $1.01 per diluted share, for the fourth quarter of 2023. The company's adjusted consolidated net income was $81.2 million, or $1.13 per diluted share. These results mark a significant improvement compared to the fourth quarter of 2022, which saw a consolidated net loss of $(280.6) million, or $(4.18) per diluted share.

Southwest Gas Holdings reported strong third quarter growth in utility and Centuri net income. The company increased its 2023 utility net income and capital expenditure guidance ranges, and reaffirmed its 2023 Centuri revenue and EBITDA margin guidance.

Southwest Gas Holdings reported strong second quarter financial results, with the utility segment's net income up $21 million and Centuri's revenue up approximately $14 million compared to the same period last year. The company is progressing on its strategic priorities, including the spin-off of Centuri.

Southwest Gas Holdings, Inc. reported strong first quarter 2023 financial results with utility earnings up $23 million and Centuri results up approximately $12 million over the same period. Consolidated net earnings were $0.67 per diluted share (adjusted $1.69 per diluted share). The company reaffirmed its 2023 guidance.

Southwest Gas Holdings reported a net income of $96.2 million, or $1.58 per diluted share, for the first quarter of 2022. Adjusted net income was $106.2 million, or $1.74 per diluted share. The company reaffirmed its full-year 2022 guidance.

Southwest Gas Holdings, Inc. reported a consolidated net income of $69.9 million, or $1.15 per diluted share, and an adjusted consolidated net income of $98 million, or $1.61 per diluted share for Q4 2021. The company's natural gas distribution segment net income increased to $84.6 million, while the utility infrastructure services segment net income was $7.6 million.

Southwest Gas Holdings reported consolidated earnings of $0.32 per diluted share for the third quarter of 2020, a $0.22 increase from $0.10 per diluted share for the third quarter of 2019. The results reflect a solid performance by the Centuri infrastructure services segment and efficient management of COVID-19 impacts in regulated utility operations.

Southwest Gas Holdings reported consolidated earnings of $0.68 per diluted share for the second quarter of 2020, a $0.27 increase from $0.41 per diluted share for the second quarter of 2019. Consolidated net income was $38 million for the second quarter of 2020, compared to $22.1 million for the second quarter of 2019.

Southwest Gas Holdings reported consolidated earnings of $1.31 per diluted share for Q1 2020, a decrease from $1.77 per diluted share in Q1 2019. Net income was $72.5 million, down from $94.8 million year-over-year, influenced by losses in COLI policies and a net loss in the utility infrastructure services segment.

Southwest Gas Holdings reported a consolidated net income of $91.7 million, or $1.67 per diluted share, for Q4 2019, compared to $69.3 million, or $1.36 per diluted share, for Q4 2018. The increase was primarily driven by an increase in income from COLI investments and growth in both the natural gas operations and utility infrastructure services segments.