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Southwest Gas Holdings operating results reaches record high

Southwest Gas Holdings Inc. on Feb. 27 reported adjusted net income of $96.5 million, or $2.00 per share, for the fourth quarter of 2017, an increase from $65.2 million, or $1.36 per share, a year earlier.

Consolidated operating revenues was $740.4 million, compared to $641.5 million a year earlier.

For the full year, reported adjusted net income of $193.8 million, or $4.04 per share, compared to $152.0 million, or $3.18 per share, the previous year.

Full-year consolidated operating revenues were posted at $2.55 billion, compared to $2.46 billion in 2016.

President and CEO John Hester said the company had a "great year" in 2017 as earnings rose to over $4 per share, setting a new record. "Even absent tax reform, operating results were a record high."