NYSE$SWX

Southwest Gas Holdings Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported consolidated earnings and adjusted consolidated earnings for Q4 2021.

Southwest Gas Holdings, Inc. reported a consolidated net income of $69.9 million, or $1.15 per diluted share, and an adjusted consolidated net income of $98 million, or $1.61 per diluted share for Q4 2021. The company's natural gas distribution segment net income increased to $84.6 million, while the utility infrastructure services segment net income was $7.6 million.

  • Consolidated net income was $69.9 million, or $1.15 per diluted share.
  • Adjusted consolidated net income was $98 million, or $1.61 per diluted share.
  • Natural gas distribution segment net income increased to $84.6 million.
  • Utility infrastructure services segment net income was $7.6 million.

Headline financials

Total Revenue

$451M

Previous: $374M+20.5%
EPS (adj)

$1.61

Previous: $1.82-11.5%
Capital Expenditures

$16.3M

Previous: -$26.1M+162.2%
Free Cash Flow

-$94.7M

Previous: $42.5M-322.7%
Net Income

$69.9M

Previous: $104M-32.5%
Operating Income

$121M

Previous: $153M-20.8%
Gross Profit

$237M

Previous: $256M-7.3%
Cash & Equivalents

$223M

Previous: $83.4M+167.2%
Total Assets

$12.8B

Previous: $8.74B+46.1%
Stock-Based Comp

$293K

Previous: $496K-40.9%

Revenue & EPS history

Southwest Gas · Revenue · Quarterly

$451M

Q4 2021+20.5%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Southwest Gas · $451M total across 1 segment · Q4 2021

  • Natural Gas Distribution
    $451M

Forward guidance

The Company announced that its Board of Directors has unanimously decided to separate Centuri from the Company. The separation is expected to occur within the next 9 to 12 months. Management is not providing EPS guidance at this time and is replacing its prior guidance with expectations for 2022.

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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