trending Market Intelligence /marketintelligence/en/news-insights/trending/74CCShqby3AZ-QqVSQgFxw2 content esgSubNav
In This List

Southwest Gas Q2 net income climbs but falls short of expectations

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

[Report]: 2021 Corporate Renewables Outlook

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


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.