Southwest Gas (SWX) Misses Q1 EPS by 26c
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May 7, 2020 4:30 PM EDT
LAS VEGAS, May 7, 2020 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) announced consolidated earnings of $1.31 per diluted share for the first quarter of 2020, a $0.46 decrease from consolidated earnings of $1.77 per diluted share for the first quarter of 2019. Consolidated current-quarter results include a $15.5 million loss, or $0.28 per share, due to decreases in the cash surrender value of company-owned life insurance ("COLI") policies, while the prior year included $7.6 million of income, or $0.14 per share, associated with COLI policies. Consolidated net income was $72.5 million for the first quarter of 2020, compared to consolidated net income... More
