NYSE$SWX
Southwest Gas Holdings Inc. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Announced second quarter earnings increase of $0.27 per share compared to Q2 2019.
Southwest Gas Holdings reported consolidated earnings of $0.68 per diluted share for the second quarter of 2020, a $0.27 increase from $0.41 per diluted share for the second quarter of 2019. Consolidated net income was $38 million for the second quarter of 2020, compared to $22.1 million for the second quarter of 2019.
- Consolidated earnings per share increased by $0.27 compared to the second quarter of 2019.
- Natural gas segment contributed net income of $11.9 million, compared to $3.4 million for the same period last year.
- Utility infrastructure services segment had net income of $26.3 million, compared to $18.9 million for the second quarter of 2019.
- Operating income for both segments improved over the prior year.
Headline financials
Revenue & EPS history
Southwest Gas · Revenue · Quarterly
$757M
Revenue by segment
Southwest Gas · $262M total across 1 segment · Q2 2020
- Natural Gas Distribution$262M—100.0%
Forward guidance
Management affirms estimated 2020 diluted earnings per share between $3.75 and $4.00.
Tailwinds
- Operating margin for 2020 is anticipated to benefit from customer growth of 1.6%.
- Infrastructure tracker mechanisms are expected to contribute to operating margin.
- Expansion projects are expected to increase operating margin.
- Rate relief is expected to increase operating margin.
- Centuri’s revenues for 2020 are expected to be 2% to 7% greater than 2019.
Headwinds
- Governmental policies and economic challenges associated with COVID-19 may influence operating results.
- The timing of processing unsettled utility general rate case applications may impact results.
- Utility customer growth rates and employment statistics could influence results.
- Operations and maintenance expense changes may affect the outlook.
- The timing of the release of Centuri project orders from its utility customers could impact results.
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 Q2 2020
-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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