SWX's earnings for the fourth quarter were better than expected, but their revenues dropped by 7.1% compared to the previous year. At the same time, costs for utility infrastructure services rose during this period.
Southwest Gas (SWX) reported quarterly earnings of $1.39 per share, which is higher than the Zacks Consensus Estimate of $1.15 per share. This is an increase compared to earnings of $1.13 per share from the same period last year.
LAS VEGAS, Feb. 19, 2025 /PRNewswire/ -- The Board of Directors of Southwest Gas Holdings, Inc. ("Southwest Gas") (NYSE: SWX) has announced a cash dividend for the second quarter. Common Stock will be payable on June 2, 2025, to shareholders on record as of May 15, 2025, at a rate of $0.62 per share, which totals $2.48 per share annually. The company has consistently paid quarterly dividends since it became public in 1956.
Southwest Gas Holdings, Inc. will conduct its earnings conference call for the fourth quarter and year-end on February 26, 2025, at 11:00 AM ET. This follows a news release that will be published before the market opens that day. The call will be available to listen to live on the Company's website at www.swgasholdings.com.
SWX is still gaining advantages from its long-term investment strategies, increasing customer base, and separate rate structure.
Southwest Gas Holdings, Inc. (NYSE:SWX) will hold its Q3 2024 Earnings Conference Call on November 6, 2024, at 11:00 AM ET. The call will feature company representatives including Justin Forsberg, Karen Haller, Rob Stefani, and Justin Brown. Participants from the financial sector, such as Richard Sunderland from J.P. Morgan and Ryan Levine from Citi, will also join the discussion.
Southwest Gas Holdings, Inc. announced a strong performance in utility earnings, showing a 9% growth in earnings year-to-date compared to last year. For the third quarter of 2024, the company reported a consolidated net income of $0.3 million, or less than one cent per diluted share, while adjusted net income was $6.8 million, or $0.09 per diluted share. In comparison, the third quarter of 2023 had a consolidated net income of $3.2 million, or $0.04 per diluted share, and adjusted net income of $12.6 million, or $0.17 per diluted share.
SWX's earnings for the third quarter were better than expected, even though their revenues decreased by 7.7% compared to last year. Nevertheless, their long-term investment plan is helping to improve earnings.
Southwest Gas Holdings, Inc. will conduct its third quarter earnings conference call and webcast on November 6, 2024, at 11:00 AM ET. This follows a news release that will be published before the markets open that day. The call will be available to watch live on the Company's website at www.swgasholdings.com.
Southwest Gas (SWX) shared its earnings report 30 days ago. What can we expect for the stock moving forward?