Overview

* Southwest Gas ( SWX ) Q2 adjusted EPS beats analyst expectations, per LSEG data

* Adjusted net income rises 71% yr/yr, beating expectations, per LSEG data

* Company reduced debt by over $470 mln through Centuri stock offerings

Outlook

* Southwest Gas ( SWX ) reaffirms 2025 net income guidance of $265 mln to $275 mln

* Company estimates 2025 capital expenditures at ~$880 mln

* Southwest Gas ( SWX ) anticipates 6%-8% CAGR for adjusted net income 2025-2029

* Company evaluating market conditions for Centuri divestiture

* Nevada law enables alternative ratemaking, expected to enhance price stability

Result Drivers

* REGULATORY IMPROVEMENTS - Operating margin increased due to rate relief and customer growth, per CEO Karen Haller

* DEBT REDUCTION - Over $470 mln debt reduced through Centuri stock offerings, strengthening balance sheet

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $0.53 $0.44 (6

Adjusted Analysts

EPS )

Q2 EPS -$0.18

Q2 Beat $38.59 $34.30

Adjusted mln mln (4

Net Analysts

Income )

Q2 Net -$12.88

Income mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)