Southwest Gas Holdings Says Previously Announced Plan To Separate Centuri Remains On Track
Portfolio Pulse from Benzinga Newsdesk
Southwest Gas Holdings announced its plan to separate Centuri remains on track, providing forward-looking guidance for 2024 net income of $228-$238 million and capital expenditures of approximately $2.4 billion for 2024-2026. The utility rate base is expected to grow at a compound annual growth rate of 6.5%-7.5% during the same period.
February 28, 2024 | 1:10 pm
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Southwest Gas Holdings provided positive forward-looking guidance for 2024, including net income of $228-$238 million and significant capital expenditures of approximately $2.4 billion for 2024-2026. The utility rate base is expected to grow at a CAGR of 6.5%-7.5%.
The positive guidance provided by Southwest Gas Holdings indicates a strong financial outlook and strategic growth in the utility sector. The expected net income and capital expenditure plans suggest confidence in future growth, which is likely to be viewed positively by investors. The utility rate base growth rate further supports the company's potential for sustainable expansion.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100