Southwest Gas (SWX) Misses Q2 EPS by 1c

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Southwest Gas Holdings, Inc. Announces Second Quarter 2021 Earnings

August 5, 2021 4:30 PM EDT

LAS VEGAS, Aug. 5, 2021 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) announced consolidated earnings of $0.43 per diluted share for the second quarter of 2021, a $0.25 decrease from consolidated earnings of $0.68 per diluted share for the second quarter of 2020. Consolidated current-quarter results include $3.1 million, or $0.05 per share, in other income due to increases in the cash surrender value of company-owned life insurance ("COLI") policies, while the prior-year quarter included $12 million of COLI-related income, or $0.22 per share. Consolidated net income was $25.1 million for the second quarter of 2021, compared to consolidated net income of $38 million... More