Southwest Gas (SWX) Tops Q4 EPS by 16c ; Provides Outlook

Southwest Gas (NYSE: SWX) reported Q4 EPS of $1.13, $0.16 better than the analyst estimate of $0.97. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.28 billion.

Outlook:-

The Company has initiated the following forward-looking guidance for Southwest:

2024 net income guidance of $228 - $238 million (assumes $3 - $5 million of COLI earnings);
2024 capital expenditures in support of customer growth, system improvements, and pipe replacement programs of approximately $830 million;
2024 - 2026 adjusted net income compound annual growth rate of 10.0% - 12.0%;
2024 - 2026 capital expenditures of approximately $2.4 billion; and
2024 - 2026 utility rate base compound annual growth rate of 6.5% - 7.5%.

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

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