Brief: Southwest Gas Q2 Adjusted EPS USD 0.53 Vs. IBES Estimate USD 0.44

Southwest Gas Holdings

06/08/2025 13:00

Overview

Southwest Gas Q2 adjusted EPS beats analyst expectations, per LSEG data

Adjusted net income rises 71% yr/yr, beating expectations, per LSEG data

Company reduced debt by over $470 mln through Centuri stock offerings

Outlook

Southwest Gas reaffirms 2025 net income guidance of $265 mln to $275 mln

Company estimates 2025 capital expenditures at ~$880 mln

Southwest Gas anticipates 6%-8% CAGR for adjusted net income 2025-2029

Company evaluating market conditions for Centuri divestiture

Nevada law enables alternative ratemaking, expected to enhance price stability

Result Drivers

REGULATORY IMPROVEMENTS - Operating margin increased due to rate relief and customer growth, per CEO Karen Haller

DEBT REDUCTION - Over $470 mln debt reduced through Centuri stock offerings, strengthening balance sheet

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.53
$0.44 (6 Analysts)
Q2 EPS
-$0.18
Q2 Adjusted Net Income
Beat
$38.59 mln
$34.30 mln (4 Analysts)
Q2 Net Income
-$12.88 mln


Press Release: ID:nPn1ngvBfa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)