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Southwest Gas (SWX) reported earnings 30 days ago. What's next for the stock?
Southwest Gas (SWX) continues with its plan to separate Centuri through an initial public offering next year. This separation will help the company in maximizing value for investors.
Southwest Gas Holdings Inc. SWX, +2.03% said Monday it plans to pursue an initial public offering of of Centuri Holdings Inc. to separate it from the company by the spring or summer or 2024 once it finds a chief executive for the utility infrastructure company. Current Centuri Chief Executive Paul M.
Southwest Gas (SWX) makes a strong case for investment, given its growth prospects, liquidity and capability to increase shareholders' value.
Southwest Gas (SWX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
RITM, SWX and PANL made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 15, 2023.
Southwest Gas Holdings, Inc. (NYSE:SWX ) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Justin Forsberg - Vice President of Investor Relations of Southwest Gas Holdings. Karen Haller - President & CEO Robert Stefani - CFO Justin Brown - President of Southwest Gas Corporation Paul Daily - President & CEO, Centuri Group Chad Van Sweden - CFO, Centuri Group Conference Call Participants Richard Sunderland - JPMorgan Christopher Ellinghaus - Siebert Williams Shank Ryan Levine - Citi Tanner James - Bank of America Stephen D'Ambrisi - Granite Lake Operator Welcome to Southwest Gas Holdings Third Quarter 2023 Earnings Conference Call.
Southwest Gas' (SWX) third-quarter earnings and revenues improve year over year. SWX continues to benefit from strong customer growth.
Southwest Gas Holdings, Inc. is a regulated natural gas utility that operates in Nevada, Arizona, and California. The company's stock has been performing poorly, but it is well positioned to deliver respectable earnings growth and is minimally impacted by consumer spending. Southwest Gas Holdings has growth prospects through population growth and rate base growth, but its dividend growth has been inconsistent.
Southwest Gas (SWX) is likely to further benefit from its systematic investment plans, expanding customer base and separation of Centuri.