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Southwest Gas Q2 net income climbs but falls short of expectations

Southwest Gas Holdings Inc. on Aug. 6 posted net income applicable to the company of $22.1 million, or 41 cents per share, in the second quarter, compared with $21.6 million, or 44 cents per share, in the year-ago quarter.

The S&P Global Market Intelligence consensus normalized earnings estimate for the second quarter was 50 cents per share, with four analysts reporting.

Consolidated operating revenues were $713.0 million, an increase from $670.9 million in the previous second quarter. Operating margin was $193.5 million, up from $192.2 million a year earlier.

Southwest Gas, which serves more than 2 million natural gas utility customers in Arizona, California and Nevada, affirmed its 2019 diluted EPS guidance at between $3.75 and $4.00.