NYSE$SWX
Southwest Gas Holdings Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Southwest Gas's financial performance was impacted by global inflationary headwinds, seasonality, and business volatility in the first quarter of 2022.
Southwest Gas Holdings reported a net income of $96.2 million, or $1.58 per diluted share, for the first quarter of 2022. Adjusted net income was $106.2 million, or $1.74 per diluted share. The company reaffirmed its full-year 2022 guidance.
- Adjusted consolidated earnings of $1.74 per diluted share, compared to consolidated earnings of $2.03 per diluted share for the first quarter of 2021.
- Adjusted consolidated net income of $106.2 million, compared to consolidated net income of $117.2 million for the first quarter of 2021.
- The company reaffirmed its full-year 2022 guidance.
- Strategic Alternatives Process to review all strategic alternatives available to maximize value for Southwest Gas stockholders.
Headline financials
Revenue & EPS history
Southwest Gas · Revenue · Quarterly
$1.27B
Revenue by segment
Southwest Gas · $677M total across 1 segment · Q1 2022
- Natural Gas Distribution$677M—100.0%
Forward guidance
Southwest Gas reaffirmed its financial guidance as recently updated.
Tailwinds
- ROE in 2023 and beyond of 8%+
- Five-year utility rate base compound annual growth rate of 5% – 7% (2022 – 2026).
- 5-Year O&M/per customer CAGR of less than 1%.
- 2022 net income of $200 million to $210 million, which includes COLI earnings of $3 million to $5 million.
- 2022 capital expenditures of $650 million to $700 million, in support of customer growth, system improvements, and pipe replacement programs.
Headwinds
- Global inflationary headwinds
- Seasonality
- Business volatility at infrastructure services business
- Higher fuel, equipment rental, and subcontractor costs impacted Centuri's performance
- Inclement weather in upper Midwest and Eastern U.S. delayed the start of certain large gas utility projects.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.2%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+0.5%
Avg return
30 days after
51%
32 / 63 earnings
Positive
+9.0%
Q4 2023
Best reaction
-7.8%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -1.4% | +0.6% | -1.5% | |
| Q3 2025 | -4.1% | -3.8% | -4.0% | |
| Q1 2025 | -7.8% | -8.8% | -5.2% | |
| Q4 2024 | -2.5% | -1.9% | -5.6% | |
| Q3 2024 | -0.3% | +4.7% | +2.7% | |
| Q2 2024 | -1.0% | +0.0% | -1.9% | |
| Q1 2024 | +0.9% | -0.6% | -2.9% | |
| Q4 2023 | +9.0% | +12.2% | +21.7% | |
| Q3 2023 | -1.8% | -1.0% | +2.9% | |
| Q2 2023 | +3.1% | +1.7% | -4.6% | |
| Q1 2023 | +1.9% | +0.3% | +11.2% | |
| Q4 2022 | -6.6% | -5.6% | -2.3% | |
| Q3 2022 | -2.9% | -6.0% | +4.8% | |
| Q2 2022 | -2.5% | -0.3% | +6.2% | |
| Q1 2022 | +2.5% | +4.0% | +5.2% | |
| Q4 2021 | +2.3% | +3.8% | +10.4% | |
| Q3 2021 | +2.7% | +1.0% | -0.5% | |
| Q2 2021 | +0.2% | -1.8% | -0.5% | |
| Q1 2021 | +1.5% | +2.0% | -4.1% | |
| Q4 2020 | -4.1% | -2.5% | +3.5% | |
| Q3 2020 | +0.1% | +11.1% | -3.2% | |
| Q2 2020 | +5.7% | +5.5% | -7.6% | |
| Q1 2020 | +7.5% | +2.4% | +6.6% | |
| Q4 2019 | -6.4% | -7.2% | -6.5% | |
| Q3 2019 | -6.1% | -10.4% | -11.5% | |
| Q2 2019 | +1.3% | +1.7% | +3.8% | |
| Q1 2019 | -2.3% | +0.3% | +5.3% | |
| Q4 2018 | +0.8% | +4.3% | +1.2% | |
| Q3 2018 | +3.3% | +4.6% | +1.6% | |
| Q2 2018 | -0.0% | +0.5% | +2.7% | |
| Q1 2018 | -1.9% | -2.0% | -1.3% | |
| Q4 2017 | -4.4% | -6.9% | -1.8% | |
| Q3 2017 | +4.1% | +0.2% | +3.4% | |
| Q2 2017 | +2.0% | +1.0% | -1.2% | |
| Q1 2017 | -4.3% | -5.4% | -7.9% | |
| Q4 2016 | +0.3% | +1.1% | -2.0% | |
| Q3 2016 | +3.8% | +1.6% | +6.1% | |
| Q2 2016 | -2.0% | -3.8% | -4.5% | |
| Q1 2016 | +1.7% | — | — | |
| Q4 2015 | +3.2% | — | — | |
| Q3 2015 | -4.5% | — | — | |
| Q2 2015 | -2.5% | — | — | |
| Q1 2015 | -4.6% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | -1.1% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | +0.4% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q2 2011 | +2.3% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q1 2010 | -0.8% | — | — |
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