Southwest Gas Holdings, Inc. Reports Third Quarter 2024 Financial Results; Expects Utility Net Income Within Top Half of Guidance Range
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Southwest Gas Holdings, Inc. reported its third quarter 2024 financial results, showing a slight increase in utility earnings with a 9% year-to-date growth. The company expects its utility net income to be within the top half of its guidance range. Southwest Gas is also advancing rate cases in California, Arizona, and Nevada.
November 06, 2024 | 1:15 pm
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Southwest Gas Holdings reported a slight increase in utility earnings for Q3 2024, with a 9% year-to-date growth. The company expects utility net income to be within the top half of its guidance range and is advancing rate cases in key states.
The reported earnings growth and positive guidance for utility net income are likely to have a positive impact on SWX's stock price. Additionally, the advancement of rate cases in California, Arizona, and Nevada could lead to further margin improvements, supporting future earnings.
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