Southwest Gas Holdings, Inc., identified as SWX, recently announced a net income of $72.87 million equating to $1.01 per share for the fourth quarter. This marks a significant shift compared to the preceding year's quarter when it reported a net loss of $280.58 million or $4.18 per share.
After making necessary adjustments, the earnings per share stood at $1.13, which shows a slight decrease from last year's $1.16 per share. Meanwhile, the company's consolidated operating revenues increased to $1.37 billion from the previous $1.42 billion recorded in the same quarter the previous year.
Three financial analysts from Thomson Reuters anticipated the company's earnings to be around $1.12 per share with expected revenues of $1.29 billion for the quarter, excluding any special items. The company's actual performance exceeded these estimates.
