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Southwest Gas Corp. (SWX)
NYSE:SWX
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.11Last Year’s EPS
1.01Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -1.04%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong customer growth, successful regulatory outcomes, and sound financial positioning. However, there were some challenges highlighted, including performance issues at Centuri and increased operational costs. The positive aspects, particularly around customer growth and financial health, outweigh the negatives.Company Guidance
In the Southwest Gas Holdings third-quarter 2024 earnings call, the company provided guidance indicating strong financial performance and strategic progress. They expect their full-year utility net income to land in the top half of the guidance range of $233 million to $243 million, driven by factors like robust customer growth, enhanced rate structures, and operational efficiencies. The company reaffirmed a rate base growth compound annual growth rate (CAGR) of 6.5% to 7.5% from 2024 to 2026, with a utility net income CAGR forecasted at 9.25% to 11.25% over the same period. They noted strong liquidity with over $450 million cash on hand and no expected equity issuance for 2024, reflecting effective cost management and strategic capital deployment. Looking forward, the company is focused on maintaining financial discipline and executing its strategic priorities, particularly the separation of Centuri and optimizing utility operations.Strong Customer Growth
Southwest Gas reported 41,000 new meter sets added during the last 12 months, driven by economic activity and significant in-migration.
Record Operating Margin
The company finished the third quarter with record operating margin performance on a trailing 12-month basis.
Successful Rate Case in Nevada
The Nevada rate case resulted in an authorized increase in rate base of nearly 20% and a revenue increase of about $59 million.
Positive Outlook and Guidance
Southwest Gas expects full year utility net income to finish within the top half of the guidance range of $233 million to $243 million.
Financial Flexibility
The company had more than $450 million of cash on hand and nearly $1 billion of liquidity, with limited equity financing needs projected through 2025.
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SWX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SWX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $73.03 | $73.05 | +0.03% |
| Aug 06, 2024 | $70.27 | $68.75 | -2.16% |
| May 08, 2024 | $74.40 | $73.92 | -0.65% |
| Feb 28, 2024 | $60.98 | $65.41 | +7.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Southwest Gas Corp. (SWX) report earnings?
Southwest Gas Corp. (SWX) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Southwest Gas Corp. (SWX) earnings time?
Southwest Gas Corp. (SWX) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SWX EPS forecast?
SWX EPS forecast for the fiscal quarter 2024 (Q4) is 1.11.
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