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. reports developments for a fully regulated natural gas business conducted through its primary operating subsidiary, Southwest Gas Corporation. The company purchases, distributes, and transports natural gas for customers across Arizona, Nevada, and California, with news focused on utility operating results, rate-base growth, regulatory proceedings, and capital planning.
Recurring updates also cover common stock dividends, earnings guidance, credit and financing metrics, Great Basin Gas Transmission Company expansion planning, and board or executive succession matters. Company news reflects Southwest Gas Holdings’ transition to a pure-play regulated natural gas utility following the completed separation from Centuri.
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.
The Board of Directors of Southwest Gas Holdings (SWX) has announced an increase in the quarterly common stock dividend from $0.57 to $0.595 per share. This represents a 4.4% increase, bringing the annualized dividend to $2.38 per share. The cash dividend will be payable on June 1, 2021, to shareholders of record as of May 17, 2021. The company has consistently paid dividends since 1956 and has increased them annually since 2007, demonstrating strong operational performance and investment-grade credit ratings.
Southwest Gas Holdings, Inc. (NYSE: SWX) will host a conference call on February 26, 2021, to discuss its 2020 Q4 and annual results. The earnings release is scheduled for February 25, 2021. Participants can join the call at 1:00 PM (ET) by calling (877) 419-3678 or internationally at (614) 610-1910, using conference ID 8591684. A live webcast will also be available on the company's website, with an archived version accessible after the call.
Southwest Gas advises customers in Arizona, California, and Nevada to conserve natural gas due to harsh winter weather impacting supply, especially in Texas. Natural gas prices have surged amid constrained supply. While there are no immediate shortages expected in Arizona, conservation is crucial to support the supply chain for other affected states. Customers are encouraged to limit non-essential usage and adopt energy-saving practices. The fluctuating prices are passed directly to customers without profit to the company. Updates are available on SWGas.com.
Southwest Gas Holdings has declared a first-quarter cash dividend of $0.57 per share, payable on March 1, 2021, to shareholders of record as of February 16, 2021. This dividend translates to an annualized rate of $2.28 per share and continues the company's trend of paying quarterly dividends since going public in 1956. The company operates through two segments: Southwest Gas Corporation, providing natural gas services to over two million customers in Arizona, Nevada, and California, and Centuri Group, Inc., focused on utility infrastructure services across North America.
Southwest Gas Holdings will hold a conference call on November 6, 2020, at 1:00 PM ET to discuss its 2020 Q3 and yearly results. This follows the release of earnings on November 5, 2020. Interested parties can listen live on the company's website or via telephone. The replay will be available starting 4:30 PM ET on the same day, accessible through specific replay numbers. The call aims to provide insights into the company's financial performance over the past year.
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.