Southwest Gas Q4 Earnings Surpass Estimates, Revenues Fall Y/Y

Southwest Gas Holdings Inc. SWX recorded fourth-quarter 2024 operating earnings of $1.39 per share, which beat the Zacks Consensus Estimate of $1.15 by 20.9%. The bottom line also increased 15.8% from the year-ago quarter’s $1.20.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.SWX reported earnings of $3.16 for 2024 compared with $3.64 per share in 2023, which reflects a year-over-year decrease of 13.2%.SWX’s Total Revenues Operating revenues totaled $1.270 billion, which missed the Zacks Consensus Estimate of $1.373 billion by 7.5%. The top line also decreased 7.1% from $1.368 billion reported in the prior-year quarter.SWX reported total revenues of $5.11 billion for 2024 compared with $5.43 billion in 2023, which reflects a year-over-year decrease of 5.9%.Southwest Gas Corporation Price, Consensus and EPS Surprise Southwest Gas Corporation price-consensus-eps-surprise-chart | Southwest Gas Corporation QuoteHighlights of SWX’s Earnings Release Utility infrastructure service expenses totaled $650 million, up 6.2% from the year-ago quarter’s level of $612.3 million.The total operating income amounted to $33.7 million compared with $18.5 million in the year-ago quarter.Total system throughput in 2024 was 219.43 million dekatherms, down 3.2% from 226.59 million dekatherms reported in 2023.Southwest Gas’ Financial Highlights Cash and cash equivalents, as of Dec. 31, 2024, were $363.8 million compared with $106.5 million as of Dec. 31, 2023.The long-term debt, less current maturities, amounted to $4.35 billion as of Dec. 31, 2024 compared with $4.61 billion as of Dec. 31, 2023.Southwest Gas’ net cash provided by operating activities for the year ended Dec. 31, 2024 was $1.36 billion compared with $0.51 billion in the year-ago period.SWX’s 2025 Guidance Southwest Gas anticipates the Natural Gas Distribution segment’s net income in 2025 to be in the range of $265-$275 million. The capital expenditure is expected to be $880 million for supporting customer growth, system improvements and pipe replacement programs.Capital expenditures are expected to be $4.3 billion for the 2025-2029 period. The utility rate base is projected to witness a CAGR of 6-8%.SWX’s Zacks Rank Southwest Gas currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Releases ONE Gas, Inc. OGS reported fourth-quarter 2024 operating earnings per share (EPS) of $1.34, which beat the Zacks Consensus Estimate of $1.33 by 0.8%. The figure also came in 5.5% higher than the year-ago quarter’s earnings of $1.27.ONE Gas recorded revenues of $630.7 million, which missed the Zacks Consensus Estimate of $661 million by 4.5%. However, the top line increased 4.1% from $605.9 million in the prior-year quarter.Atmos Energy ATO posted first-quarter fiscal 2025 earnings of $2.23 per share, which surpassed the Zacks Consensus Estimate of $2.20 by 1.4%. The bottom line also improved 7.2% from the year-ago quarter’s $2.08.Total revenues of $1.18 billion lagged the Zacks Consensus Estimate of $1.40 billion by 16.2%. However, the top line increased 1.7% from the year-ago quarter’s reported number of $1.16 billion.Spire Inc. SR reported first-quarter fiscal 2025 earnings of $1.34 per share, which lagged the Zacks Consensus Estimate of $1.42 by 5.6%. The company’s bottom line also declined 8.8% from $1.47 reported in the year-ago quarter.Total revenues for the reported quarter were $669.1 million, which missed the Zacks Consensus Estimate of $726 million by 7.8%. The top line also decreased 11.6% from $756.6 million in the year-ago quarter.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southwest Gas Corporation (SWX): Free Stock Analysis Report Atmos Energy Corporation (ATO): Free Stock Analysis Report Spire Inc. (SR): Free Stock Analysis Report ONE Gas, Inc. (OGS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks