NYSE$SWX
Southwest Gas Holdings Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter utility earnings growth of 44.5% and successfully executed Centuri IPO.
Southwest Gas Holdings, Inc. reported second quarter 2024 consolidated net income of $18.3 million, or $0.25 per diluted share, and adjusted consolidated net income of $22.5 million, or $0.31 per diluted share. The utility reported second quarter 2024 net income of $27.6 million.
- Delivered second quarter utility earnings growth of 44.5%.
- Margin improvement from Nevada Rate Case outcome.
- Centuri IPO successfully executed; net proceeds used to reduce Centuri debt.
- Raised utility net income guidance by $5 million to be in the range of $233 to $243 million.
Headline financials
Revenue & EPS history
Southwest Gas · Revenue · Quarterly
$1.18B
Revenue by segment
Southwest Gas · $395M total across 1 segment · Q3 2023
- Natural Gas Distribution$395M—100.0%
Forward guidance
The Company has updated its net income guidance and re-affirmed its forward-looking guidance for Southwest.
Tailwinds
- 2024 Southwest net income guidance of $233 - $243 million.
- 2024 Capital expenditures in support of customer growth, system improvements, and pipe replacement programs of ~$830 million.
- 2024 - 2026 Southwest adjusted net income CAGR of 9.25% - 11.25%.
- 2024 - 2026 Capital expenditures of $2,400 million.
- 2024 - 2026 Southwest rate base CAGR of 6.5% - 7.5%.
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 2024
-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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