Southwest Gas reports FY2023 adj. EPS $3.36 (+12% YoY); guides 2024 utility net income $228-238M

Southwest Gas Holdings, Inc.

2023-FY EPS reported $2.13 revenue$5,433,972,000

Q4 2023 consolidated net income $72.9M ($1.01 diluted EPS); adjusted net income $81.2M ($1.13 diluted EPS).
Full-year 2023 adjusted net income $238.4M ($3.36 diluted EPS) vs $196.6M ($3.00 diluted EPS) in 2022.
Utility segment net income $242.2M in 2023, up from $154.4M in 2022; 2024 guidance $228-238M.
Centuri FY2023 revenue $2.9B (+5%), adjusted EBITDA $283M (+24%); IPO separation on track with confidential S-1 filed.
Initiated 2024-2026 utility adj. net income CAGR 10-12%, rate base CAGR 6.5-7.5%; 2024 capex ~$830M.

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. updated its 2024 and 2024-2026 guidance (initiated).

Period: 2024 and 2024-2026
Guidance: initiated
Result: guidance update

Exact text from the filing

Initiated 2024 Utility Earnings and Capital Expenditures Guidance and 2024-2026 Utility Adjusted Net Income CAGR and Rate Base CAGR Guidance

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Southwest Gas Holdings, Inc. reported full-year ended December 31, 2023 results: net income $150.9 million, EPS $2.13 per diluted share.

Period: full-year ended December 31, 2023
Net income: $150.9 million
EPS: $2.13 per diluted share
Result: reported results

Exact text from the filing

For the full-year ended December 31, 2023, consolidated net income was $150.9 million, or $2.13 per diluted share, and adjusted consolidated net income was $238.4 million, or $3.36 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Southwest Gas Holdings, Inc. reported fourth quarter 2023 results: net income $72.9 million, EPS $1.01 per diluted share.

Period: fourth quarter 2023
Net income: $72.9 million
EPS: $1.01 per diluted share
Result: reported results

Exact text from the filing

Southwest Gas Holdings, Inc. (NYSE: S WX) (“Southwest Gas” or “Company”) today reported fourth quarter 2023 consolidated net income of $72.9 million, or $1.01 per diluted share, and adjusted consolidated net income of $81.2 million, or $1.13 per diluted share.

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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001692115-24-000037

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