Southwest Gas Q2 utility net income up 44.5%; raises utility guidance to $233-243M

Southwest Gas Holdings, Inc.

2024-Q2 EPS reported $1.47 revenue$2,763,124,000

Consolidated Q2 net income $18.3M ($0.25 EPS) vs $28.9M ($0.40 EPS) YoY; adjusted EPS $0.31 vs $0.54.
Utility net income $27.6M, up 44.5% from $19.1M in Q2 2023, driven by Nevada rate case and cost control.
Full-year 2024 utility net income guidance raised by $5M to $233-243 million.
Centuri IPO net proceeds ~$328M used to reduce Centuri debt; Southwest Gas retains ~81% ownership.
Ended quarter with ~$600M cash; expects very limited capital markets needs through end of 2026.

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