Southwest Gas Q3 adj EPS $0.09; utility net income up $3.8M YoY; expects top-half guidance

Southwest Gas Holdings, Inc.

2024-Q3 EPS reported $1.48 revenue$3,842,308,000

Consolidated net income $0.3M ($0.00 EPS); adjusted net income $6.8M ($0.09) vs $12.6M ($0.17) YoY.
Utility net income $0.6M vs $(3.3)M YoY; YTD utility earnings up 9%; expects full-year net income in top half of guidance.
No equity issuance expected in 2024; ended Q3 with >$450M cash; extended $550M term loan to July 2025 at lower spread.
Filed California rate case in Q3; advancing Arizona rate case; Nevada rate case margin improvement continues.
Non-GAAP adjustments primarily amortization of intangible assets at Centuri.

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