Southwest Gas Q1 net income $87.7M ($1.22 EPS); affirms guidance

Southwest Gas Holdings, Inc.

2024-Q1 EPS reported $1.22 revenue$1,580,956,000

Net income $87.7M ($1.22 diluted EPS); adjusted net income $98.5M ($1.37 adjusted EPS).
Utility net income $135.8M, up from $134.7M YoY; corporate expenses include $11M interest and $2.7M separation costs.
Centuri IPO completed in April; net proceeds $329.3M used to repay Centuri debt; post-IPO owns ~81%.
Nevada rate case positive outcome; expects to benefit from refreshed rates in Q2.
Affirms 2024 utility net income toward upper half of range; O&M flat YoY.

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 0.95

Southwest Gas Holdings, Inc. reported for the quarter ended March 31, 2024 results: net income $87.7 million, EPS $1.22 per diluted share. Guidance reaffirmed.

Period: for the quarter ended March 31, 2024
Net income: $87.7 million
EPS: $1.22 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Southwest Gas Holdings, Inc. Reports First Quarter 2024 Financial Results, Affirms Guidance

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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001692115-24-000078

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