Southwest Gas (SWX) Misses Q2 EPS by 1c
Southwest Gas (NYSE: SWX) reported Q2 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44.
Commenting on the performance and outlook of Southwest Gas Holdings, John P. Hester, President and Chief Executive Officer, said: "We are pleased that many communities we serve have continued to experience solid growth throughout these turbulent economic times. As new companies move in and industries expand, good incremental jobs are being added to our local economies. This further encourages migration from other parts of the country, increasing demand for energy and creating growth opportunities for our Company. We added 37,000 new utility customers over the past twelve months and continue to connect new customers to our expanded service territories in Mesquite and Spring Creek, Nevada.
"We are excited about the growth we also see in our infrastructure services business. Over the past twelve months, Centuri reached a new level of revenues - $2 billion. In June, we signed an agreement to purchase Riggs Distler & Company, Inc., which will expand our infrastructure services footprint in the Northeast and Mid-Atlantic regions of the country. This transformational acquisition brings exciting growth opportunities in 5G telecom and renewable power services; and expands our service offerings to current combination utility customers."
For earnings history and earnings-related data on Southwest Gas (SWX) click here.
