Southwest Gas Q3 Earnings Surpass Estimates, Revenues Fall Y/Y
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Southwest Gas (SWX) reported third-quarter earnings that surpassed estimates, despite a 7.7% year-over-year decline in revenues. The company's long-term capital expenditure plan is contributing positively to earnings.
November 06, 2024 | 6:00 pm
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Southwest Gas reported better-than-expected Q3 earnings, although revenues declined by 7.7% year-over-year. The company's long-term capital expenditure plan is positively impacting earnings.
The positive earnings surprise is likely to have a favorable impact on SWX's stock price in the short term. The decline in revenues is a concern, but the market may focus on the earnings beat and the positive impact of the capital expenditure plan.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100