The company has initiated the following forward-looking guidance for Southwest: 2024 net income guidance of $228-$238 million (assumes $3 – $5 million of COLI earnings); 2024 capital expenditures in support of customer growth, system improvements, and pipe replacement programs of approximately $830 million; 2024 – 2026 adjusted net income compound annual growth rate of 10.0% – 12.0%; 2024 – 2026 capital expenditures of approximately $2.4 billion; and 2024 – 2026 utility rate base compound annual growth rate of 6.5% – 7.5%.
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