Southwest Gas Q1 adjusted EPS $1.69; utility net income up $23M; reaffirms 2023 guidance

Southwest Gas Holdings, Inc.

2023-Q1 EPS reported -$3.76 revenue$5,295,904,000

Consolidated Q1 GAAP EPS $0.67, adjusted EPS $1.69 vs $1.74 prior year; net income $45.9M vs $96.2M.
Utility segment net income $134.7M (+$22.9M YoY) record; Arizona rate case added $54.3M annual revenue.
Centuri Q1 record revenue $653M (+25%); net loss improved to $11.9M from $23.5M; $172M new offshore wind contracts.
Sale of MountainWest closed Feb 14, 2023 for $1.5B; proceeds repaid $1.1B debt.
Centuri spin-off progressing; IRS PLR submitted, Form 10 expected late Q2/early Q3, completion Q4 2023/Q1 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Southwest Gas Holdings, Inc. reported first quarter 2023 results: EPS $0.67 per diluted share. Guidance reaffirmed.

Period: first quarter 2023
EPS: $0.67 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Consolidated net earnings of $0.67 per diluted share (and adjusted consolidated net earnings of $1.69 per diluted share) for the first quarter of 2023

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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001692115-23-000108

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