(adds outlook)
Looking ahead, for the full year, Southwest Gas Holdings, Inc. (SWX) has reaffirmed its net profit guidance of $228 million to $238 million.
Q1 Results:
For the first quarter, Southwest Gas Holdings released a profit that increased from last year
The company's bottom line totaled $87.737 million, or $1.22 per share. This compares with $45.911 million, or $0.67 per share, in last year's first quarter.
Excluding items, Southwest Gas Holdings, Inc. reported adjusted earnings of $98.461 million or $1.37 per share for the period.
The company's revenue for the quarter fell 1.4% to $1.580 billion from $1.603 billion last year.
Southwest Gas Holdings, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $87.737 Mln. vs. $45.911 Mln. last year.
-EPS (Q1): $1.22 vs. $0.67 last year.
-Revenue (Q1): $1.580 Bln vs. $1.603 Bln last year.
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