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.
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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.