Record Net Income
Southwest Gas finished the quarter with record net income and slightly lower quarter-over-quarter O&M expenses, reaffirming a net income range of $265 million to $275 million for the full year.
Regulatory Success in Arizona and Great Basin
Received constructive outcomes in Arizona and Great Basin rate cases, including a $600 million increase in authorized rate base for Arizona, resulting in an $80 million revenue increase.
Strong Economic and Customer Growth
Added approximately 40,000 new meter sets over the past 12 months due to strong economic activity in service areas. Population growth in Arizona and Nevada is expected to outpace the national average over the next five years.
Robust Capital Liquidity
More than $400 million of cash on hand and over $1 billion of liquidity, enabling the company to honor commitments and execute 2025 strategy.