Welcome to our dedicated page for Southwest Gas Ho news (Ticker: SWX), a resource for investors and traders seeking the latest updates and insights on Southwest Gas Ho stock.
Southwest Gas Holdings, Inc. (NYSE: SWX) news covers developments at a regulated natural gas company whose primary business, through Southwest Gas Corporation, is purchasing, distributing, and transporting natural gas to more than 2 million customers in Arizona, Nevada, and California. Company announcements highlight how this utility manages growth in high-demand service territories, regulatory proceedings, and capital investment plans.
Investors and observers following SWX news will find updates on earnings results, customer growth, rate case activity, and regulatory outcomes that affect operating margin and returns. Recent releases have discussed improved net income from continuing operations, changes in credit ratings, and the impact of updated rates and capital investments across the company’s territories.
Corporate and governance news is also a recurring theme. Southwest Gas Holdings reports on board-level matters, cooperation agreements with the Icahn Group, registration rights arrangements, and senior leadership changes, including transitions in the Chief Financial Officer role. These items provide insight into the company’s strategic direction, shareholder relationships, and oversight structure.
Another important category of SWX news relates to the company’s separation from Centuri Holdings, Inc. and its transformation into a fully regulated natural gas business. Filings and press releases describe public offerings and private placements of Centuri common stock, the resulting deconsolidation of Centuri’s financial results, and the use of proceeds to repay holding company debt.
Operationally focused news includes updates from Great Basin Gas Transmission Company, a wholly owned subsidiary of Southwest Gas Corporation. Coverage has addressed open seasons and binding precedent agreements for a proposed 2028 expansion project intended to increase natural gas transportation capacity in Northern Nevada, subject to FERC approval. Bookmark this page to monitor ongoing financial, regulatory, infrastructure, and governance developments affecting Southwest Gas Holdings and its utility operations.
Southwest Gas Holdings (SWX) reported a consolidated earnings of $0.32 per diluted share for Q3 2020, up from $0.10 in Q3 2019. Net income reached $18.3 million, compared to $5.4 million a year earlier. The utility infrastructure segment's income grew to $34.9 million, while the natural gas segment posted a loss of $16 million. Key factors included a strong performance from Centuri services and effective cost management amidst COVID-19. Future prospects include increased revenues from recent rate case proceedings and robust customer growth.
Southwest Gas Holdings (NYSE: SWX) will host a conference call on November 6, 2020, at 1:00 PM ET to discuss its 2020 Q3 and full-year results. The earnings release is scheduled for November 5, 2020.
Participants can join the live webcast through its website at www.swgasholdings.com. A replay will be available post-call until November 12, 2020, via telephone.
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Southwest Gas Holdings has declared a fourth-quarter cash dividend of $0.57 per share, payable on December 1, 2020, to shareholders of record as of November 16, 2020. This dividend amounts to an annualized total of $2.28 per share, continuing the company's long-standing history of paying quarterly dividends since 1956. The company operates through two segments: Southwest Gas Corporation, providing natural gas to over two million customers in Arizona, Nevada, and California, and Centuri Group, offering utility infrastructure services across North America.
Southwest Gas Holdings, Inc. (NYSE: SWX) has scheduled a conference call on August 7, 2020, to discuss its second quarter and twelve-month results. The earnings results will be released on August 6, 2020. The call will take place at 1:00 P.M. (ET) and will be accessible via telephone and webcast on the company's website. For those unable to join live, a digital replay will be available starting at 4:30 P.M. (ET) on the same day, lasting until August 13, 2020.
Southwest Gas Holdings (SWX) reported Q2 2020 earnings of $0.68 per diluted share, up from $0.41 in Q2 2019, driven by a $12 million gain from cash surrender values of life insurance policies. Net income rose to $38 million, contrasting with $22.1 million from the previous year. The natural gas segment saw net income increase from $3.4 million to $11.9 million, while utility services improved from $18.9 million to $26.3 million. Management expects 2020 diluted EPS between $3.75 and $4.00, supported by customer growth and rate relief.
Southwest Gas Holdings (NYSE: SWX) will host a conference call on August 7, 2020, at 1:00 PM ET to discuss its 2020 second quarter and year-end results. This call will occur after the release of the company's earnings results on August 6, 2020. Participants can join the live webcast on the company's website. For those unable to attend, a digital replay will be accessible after 4:30 PM ET on August 7, 2020, until 4:30 PM ET on August 13, 2020.