Southwest Gas reports Q3 adjusted EPS 10c, consensus (21c)

Reports Q3 revenue $1.17B vs. $1.12B last year. “We are continuing to make significant progress on our strategic priorities, driving operational excellence and advancing our transformation into a pure-play natural gas leader,” said Karen Haller, President and CEO of Southwest Gas. “We are seeing strong customer growth and demand for our safe, reliable and affordable energy solutions, which are reflected by the increased 2023 utility net income and capital expenditure guidance ranges. As we make these important investments, we are working with our regulators to secure constructive outcomes in step with this service area growth. In September, we successfully filed a general rate case in our Nevada service areas with the expectation that new rates will go into effect in April 2024. Looking ahead, we are dedicated to providing exceptional service to our customers and communities as we advance on our path forward as a premier, fully regulated natural gas utility.”