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Southwest Gas Corp. (SWX)
NYSE:SWX
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.12Last Year’s EPS
1.22Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -2.89%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial and operational performance for Southwest Gas Holdings, with record margin performance and positive regulatory outcomes. However, challenges in Century's business and higher interest expenses present areas of concern. The company is poised for future growth, supported by strong customer additions and strategic regulatory efforts.Company Guidance
In the earnings call for Southwest Gas Holdings, several key metrics and guidance for the year 2025 and beyond were discussed. The company anticipates utility net income to range between $265 million and $275 million for the full year 2025, driven by improvements in margin and regulatory strategies alongside cost management efforts. The company plans a significant capital expenditure of approximately $880 million in 2025, contributing to a projected compound annual growth rate (CAGR) in rate base between 6% and 8% from 2025 to 2029. This investment is primarily aimed at enhancing safety, reliability, and economic development. Additionally, the company has outlined a five-year capital spending plan of $4.3 billion. Despite these expenditures, Southwest Gas Holdings remains committed to maintaining an investment-grade balance sheet and paying competitive dividends, while also focusing on the strategic separation of Century from its operations.Record Annual Operating Margin Performance
Southwest Gas Holdings finished the year with record annual operating margin performance and the second straight year of a return on equity over 8%.
Strong Customer Growth
The company added about 41,000 new meter sets in the last twelve months, driven by strong economic activity and significant in-migration.
Positive Regulatory Outcomes
The company received approval for a nearly $59 million revenue increase in Nevada, representing 98% of their request, and is progressing with a $50 million case in California.
Strong Financial Position
Southwest Gas Holdings ended 2024 with more than $360 million in cash, suggesting strong liquidity and financial flexibility.
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SWX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SWX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $77.28 | $75.36 | -2.48% |
| Nov 06, 2024 | $72.45 | $72.47 | +0.03% |
| Aug 06, 2024 | $69.71 | $68.20 | -2.17% |
| May 08, 2024 | $73.81 | $73.32 | -0.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Southwest Gas Corp. (SWX) report earnings?
Southwest Gas Corp. (SWX) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Southwest Gas Corp. (SWX) earnings time?
Southwest Gas Corp. (SWX) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SWX EPS forecast?
SWX EPS forecast for the fiscal quarter 2025 (Q1) is 1.12.
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