Southwest Gas Holdings rises on quarterly profit beat

Southwest Gas Holdings

09/08/2023 14:58

** Shares of U.S.-based natural gas utilities company
Southwest Gas Holdings  SWX.N  up 2.2% at $65.30 
    ** Reports qtrly profit of $0.47/shr, above avg analysts'
estimates of $0.2/shr - Refinitiv IBES
    ** Reaffirms 2023 utility earnings outlook, 2023 Centuri
revenue & EBITDA margin outlook
    ** Says anticipates decision from Internal Revenue Service
on tax-free nature of Centuri separation in Q4
    ** Expects completion of the spin-off of Centuri towards the
end of the first quarter of 2024
    ** SWX shares up 3.2% YTD
             

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))