Southwest Gas Ho Stock Price, News & Analysis

On June 29, 2021, Southwest Gas Holdings announced its subsidiary, Centuri Group, will acquire Riggs Distler for $855 million. This all-cash transaction aims to broaden Centuri's utility services and enhance its offerings in electric, renewable energy, and 5G telecom sectors. Expected to close in Q3 2021, the acquisition is anticipated to be accretive to earnings in the first full year and brings significant growth opportunities by expanding into new Northeast and Mid-Atlantic markets. Riggs Distler will operate as a standalone entity post-acquisition.

Southwest Gas Holdings (NYSE: SWX) will participate in the American Gas Association 2021 Virtual Financial Forum on May 19-20, 2021. Key executives, including John Hester (CEO), Greg Peterson (CFO), Ken Kenny (Treasurer), and Justin Brown (General Counsel), will engage in virtual meetings with investors. The presentation materials will be available on the Southwest Gas website starting at 8:00 a.m. EDT on May 19. This event underscores the company's commitment to investor relations.

Southwest Gas Holdings, Inc. (NYSE: SWX) will hold a conference call on Friday, May 7, 2021, at 1:00 P.M. (ET) to discuss its 2021 first quarter and twelve-month results. The call will take place following the earnings release on Thursday, May 6, 2021. Participants can join via the company’s website or by phone, with a digital replay available afterward. The call's conference ID is 5978692.

Southwest Gas Holdings reported consolidated earnings of $2.03 per diluted share for Q1 2021, up from $1.31 in Q1 2020. Consolidated net income rose to $117.3 million, compared to $72.5 million last year. The natural gas segment's net income increased to $118.7 million, while the utility infrastructure services segment narrowed its loss to $859,000 from $10.2 million. For the year ending March 31, 2021, net income reached $277.1 million, or $4.89 per diluted share. The company anticipates 2021 earnings between $4.00 and $4.20 per share.

The Board of Directors for Southwest Gas Holdings has declared a third-quarter cash dividend of $0.595 per share, payable on September 1, 2021. Shareholders of record as of August 16, 2021 will receive this dividend, which translates to an annualized rate of $2.38 per share. The company has maintained a continuous quarterly dividend payment since going public in 1956.

Southwest Gas Holdings operates through two segments: Southwest Gas Corporation, serving over two million customers in Arizona, Nevada, and California, and Centuri Group, Inc., providing utility infrastructure services across North America.

Southwest Gas Holdings, Inc. (NYSE: SWX) will hold a conference call on Friday, May 7, 2021, at 1:00 P.M. (ET) to discuss its 2021 first quarter and twelve-month results. The call comes after the release of the company's earnings on May 6, 2021. Interested parties can participate by calling (877) 419-3678 or (614) 610-1910 for international access. The conference ID is 5978692. For those unable to attend, a digital replay will be available starting at 4:30 P.M. (ET) on the same day until May 14, 2021. More information can be found on their website.

Southwest Gas Holdings (NYSE: SWX) will present at the Siebert Williams Shank - West Coast Utilities Virtual Conference on March 17, 2021, at 7:50 a.m. PDT. Key executives, including John Hester (CEO), Greg Peterson (CFO), Ken Kenny (VP of Finance), and Justin Brown (SVP and General Counsel), will lead the discussion. Presentation materials will be available on their website starting at 7:00 a.m. PDT on the same day. For further details, visit www.swgasholdings.com.

Southwest Gas Holdings (NYSE: SWX) will hold a conference call on February 26, 2021, to discuss its 2020 fourth quarter and annual results. The call will be held at 1:00 P.M. (ET) following the earnings release on February 25, 2021. Investors can access the call via telephone at (877) 419-3678 or internationally at (614) 610-1910. The conference ID is 8591684. If unable to join live, a digital replay will be available starting 4:30 P.M. (ET) on the same day until March 5, 2021.

Southwest Gas Holdings (SWX) reported a record consolidated earnings of $4.14 per diluted share for 2020, up $0.20 from $3.94 in 2019. Consolidated net income rose to $232.3 million, compared to $213.9 million in 2019. The natural gas segment's net income decreased to $159.1 million from $163.2 million, while the utility services segment earned a record $74.9 million, up from $52.4 million. The company added 37,000 new utility customers and achieved a 96% customer satisfaction rating. For 2021, diluted EPS guidance is between $3.95 and $4.20.