Southwest Gas Q3 2023: EPS $0.04 vs -$0.18; raises utility net income and capex guidance

Southwest Gas Holdings, Inc.

2023-Q3 EPS reported -$2.91 revenue$5,487,333,000

Consolidated net earnings $0.04 diluted EPS vs net loss $0.18 in Q3 2022; adjusted EPS $0.10 vs -$0.05.
Utility segment seasonal net loss improved to $3.3M from $22.2M; operating margin hit record $1.2B (12 months).
Utility 2023 net income guidance raised to $215-225M (from $205-215M); capex raised to $720-740M.
Centuri Q3 net income $18M (+$4M YoY); record Q3 revenue $775M; confidentially submitted draft S-1 for IPO.
Filed Nevada rate case seeking ~$70M revenue increase; anticipating AZ rate case filing in Q1 2024.

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 third quarter 2023 results: net income $3,231, EPS $0.04 per diluted share. Guidance raised.

Period: third quarter 2023
Net income: $3,231
EPS: $0.04 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Southwest Gas Holdings, Inc. Reports Third Quarter 2023 Financial Results Delivers Strong Third Quarter Growth in Utility and Centuri Net Income Increases 2023 Utility Earnings and Capital Expenditures Guidance and Reaffirms 2023 Centuri Revenue and EBITDA Margin Guidance

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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001692115-23-000141

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