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. (SWX) provides natural gas distribution and utility infrastructure services across Arizona, Nevada, and California. This news hub offers investors and stakeholders direct access to the company's official communications and market-relevant developments.
Track SWX's operational updates through earnings reports, regulatory filings, and infrastructure project announcements. Our curated collection includes press releases detailing rate case outcomes, safety initiatives, and strategic moves like the Centuri subsidiary separation. All content is verified at source to ensure accuracy in this regulated utility environment.
Users will find updates organized by key operational categories: natural gas distribution service expansions, utility infrastructure project awards, and regulatory compliance milestones. The repository serves as a historical record of management decisions impacting long-term service territories.
Bookmark this page for streamlined monitoring of SWX's financial performance and industry positioning. Combine regular checks with regulatory filings for complete analysis of this essential service provider's market trajectory.
Southwest Gas proudly marked a significant milestone by connecting its 1,000th customer in Mesquite, Nevada—the Chicago Greek restaurant. The restaurant transitioned from propane to natural gas, a move that increases cooking flexibility and reduces costs by half. This event highlights Mesquite's rapid growth since the 2015 Senate Bill 151 (SB151) allowed expansion of natural gas services to unserved areas. Since 2019, Mesquite's access to natural gas has attracted diverse industries, fueled economic growth, and improved the quality of life for residents. Crown Holdings, a major employer, began using natural gas in August 2023. Mesquite's rapid expansion makes it the fastest-growing city in Nevada, with Southwest Gas playing a pivotal role in this development.
Southwest Gas Holdings, Inc. reported first quarter 2024 consolidated net income of $87.7 million, or $1.22 per diluted share, compared to $45.9 million, or $0.67 per diluted share, in the first quarter of 2023. The Centuri IPO was successful, generating net proceeds of $329.3 million used to reduce Centuri debt. Southwest Gas expects to benefit from the Nevada rate case outcome and aims for 2024 utility net income towards the upper half of the range.
Southwest Gas Holdings, Inc. declares a third-quarter cash dividend of $0.62 per share, payable on September 3, 2024. The Company has a long history of paying quarterly dividends since 1956. Southwest Gas Holdings, Inc. is a dynamic energy company providing natural gas services to over 2 million customers in Arizona, Nevada, and California.
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