SWX reports Q3 net loss of $0.18/diluted share; guides for lower Centuri EBITDA margins

Southwest Gas Holdings, Inc.

2022-Q3 EPS reported $2.30 revenue$4,623,544,000

Consolidated net loss of $12.3M ($0.18 per diluted share); adjusted net loss of $3.3M ($0.05 per diluted share).
Natural gas distribution net loss improved to $22.2M from $27.5M loss; record 12-month operating margin of $1.1B.
Utility infrastructure revenue up 20% to $758M, but net income fell to $14.3M from $18.5M on inflation and supply-chain issues.
Centuri 2022 EBITDA margin guidance cut to 8-8.5% from 10-11%; 2023 margin guidance lowered to 9.5-11%.
MountainWest contributed $12.3M net income; incremental growth investments target raised to over $200M through 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Southwest Gas Holdings, Inc. reported the quarter, nine months, and twelve months ended September 30, 2022 results: net income Consolidated net loss of $12.3 million (and adjusted consolidated net loss of $3.3 million) for the third quarter of 202, EPS Consolidated net loss of $0.18 per diluted share (and adjusted consolidated net loss of $0.05 per diluted share) for the.

Period: the quarter, nine months, and twelve months ended September 30, 2022
Net income: Consolidated net loss of $12.3 million (and adjusted consolidated net loss of $3.3 million) for the third quarter of 202
EPS: Consolidated net loss of $0.18 per diluted share (and adjusted consolidated net loss of $0.05 per diluted share) for the
Result: reported results

Exact text from the filing

Southwest Gas Holdings, Inc. Reports Third Quarter 2022 Financial Results

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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001692115-22-000033

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