earnings
confidence high
sentiment positive
materiality 0.70
Southwest Gas Q1 net income $113.9M ($1.58 EPS), up 30% YoY; reaffirms guidance
Southwest Gas Holdings, Inc.
2025-Q1 EPS reported
$1.58
- Net income of $113.9M vs $87.7M in Q1 2024; diluted EPS $1.58 vs $1.22.
- Adjusted net income $119.4M ($1.65 adjusted EPS) vs $98.5M ($1.37) YoY.
- Natural gas distribution contributed $142.9M vs $135.8M; utility infrastructure lost $20.0M.
- Arizona rate case approved ~$80.2M annual revenue increase; settlement on system integrity mechanism filed.
- Company reaffirms 2025 guidance; continues evaluating Centuri separation options.