Southwest Gas (NYSE: SWX) reported Q3 EPS of $0.25, $0.08 better than the analyst estimate of $0.17. Revenue for the quarter came in at $668.15 million versus the consensus estimate of $224 million.

Commenting on Southwest Gas Holdings' performance, John P. Hester, President and Chief Executive Officer, said: "We are pleased to report earnings per share of $0.25 for the third quarter of 2018, an improvement from $0.21 per share for the third quarter of 2017. Our infrastructure services segment posted record quarterly earnings of $26.8 million, including the contribution from New England Utility Constructors that we acquired late last year. Our natural gas operations results were impacted by higher costs to finance and maintain our expanding distribution system. Lower tax rates exacerbated the impact during this seasonal utility loss period.

Our natural gas operations segment serves areas where populations and economies are growing at rates that outpace the national average, particularly in Las Vegas and metropolitan Phoenix. As a result, we are experiencing some of the highest customer growth among natural gas utilities this year. Similarly, our infrastructure services business segment is performing strongly, recording growth in revenue and income as we prudently seek strategic investment opportunities to expand our footprint across North America. We are well positioned for 2019 and beyond."

For earnings history and earnings-related data on Southwest Gas (SWX) click here.