Southwest Gas Surpasses Expectations with Non-GAAP EPS of $1.69 and Revenue of $1.6B
May 10, 2023
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The company reported Non-GAAP earnings per share of $1.69, surpassing expectations by $0.17.
Additionally, revenue for the quarter was reported at $1.6B, exceeding estimates by $260M. The impressive financials reported by Southwest Gas ($NYSE:SWX) are a testament to its commitment to customer satisfaction and growth. The company has made significant investments in infrastructure and customer service innovation which are now paying off in its impressive financial performance. With continued focus on delivering reliable natural gas solutions to customers, Southwest Gas will continue to exceed expectations in the coming quarters.
Earnings
Recent financial results from SOUTHWEST GAS‘s FY2022 Q4 ending December 31 2022, surpassed expectations with total revenue of $1.6B and Non-GAAP earnings per share of $1.69. This is a 31.0% increase from the previous year, and a 501.2% decrease in net income from that same period. These results demonstrate the company’s ability to remain competitive and deliver solid financial performance.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Southwest Gas. More…
| Total Revenues | Net Income | Net Margin |
| 4.96k | -203.29 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Southwest Gas. More…
| Operations | Investing | Financing |
| 407.46 | -838.9 | 356.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Southwest Gas. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.2k | 9.98k | 45.57 |
Key Ratios Snapshot
Some of the financial key ratios for Southwest Gas are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.7% | 5.0% | -0.6% |
| FCF Margin | ROE | ROA |
| -9.1% | -0.6% | -0.1% |
Market Price
On Tuesday, SOUTHWEST GAS stock opened at $56.6 and closed at $55.8, down by 0.7% from prior closing price of 56.2. This result is a strong indicator of the company’s financial health and growth potential. Investors are hopeful that SOUTHWEST GAS will continue to exceed expectations in the near future. Live Quote…
Analysis
As a financial analyst with GoodWhale, I recently had the chance to analyze the financials of SOUTHWEST GAS. From a Star Chart assessment, we determined that SOUTHWEST GAS had an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that it is likely to sustain future operations in times of crisis. We also classified SOUTHWEST GAS as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. SOUTHWEST GAS is strong in dividend, growth, and medium in asset, profitability. This makes it an attractive option for investors who are looking for a mid-level risk in their portfolio. Investors who are seeking high-growth opportunities and are comfortable taking on higher risks may find SOUTHWEST GAS an attractive option. Those investors looking for more stability and reassurance may wish to look elsewhere. More…
Peers
The energy industry is highly competitive, and Southwest Gas Holdings Inc is no exception. It competes with some of the largest energy companies in the world, such as Snam SpA, Amber Grid AB, and Korea Gas Corp. Each of these companies has a unique set of strengths and weaknesses that can help them gain an edge in the market, and Southwest Gas Holdings Inc must be prepared to face off against these formidable opponents.
– Snam SpA ($LTS:0NQP)
Snam SpA is an Italian energy company focusing on natural gas infrastructure, energy services, and energy efficiency. The company has a market capitalization of 16.44 billion as of 2022, and its Return on Equity (ROE) is 13.61%. This suggests that the company is generating a high return on its investments compared to its peers, which is a positive indicator of its financial health. The company has a strong presence in the European energy market, and is well-positioned to capitalize on the increasing demand for natural gas.
– Amber Grid AB ($LTS:0QGQ)
Amber Grid AB is a Lithuanian natural gas transmission system operator. The company operates a natural gas transmission, distribution and storage system in Lithuania and Latvia, as well as a network for international transit of natural gas. As of 2022, the company has a market capitalization of 223.87M and a Return on Equity of 7.82%. This gives investors an indication of the company’s financial performance, as well as its ability to generate profits from its current operations. Amber Grid AB is a reliable provider of natural gas transmission, distribution and storage services in the Baltic region.
– Korea Gas Corp ($KOSE:036460)
Korea Gas Corporation (KOGAS) is the world’s largest liquefied natural gas (LNG) importer and Korea’s largest natural gas utility company. With a market cap of 2.98 trillion as of 2022, KOGAS is one of the major players in the global gas industry. Furthermore, KOGAS has an impressive Return on Equity (ROE) of 17.22%, which indicates its ability to generate profits from its shareholders’ investments. This is largely due to KOGAS’ strong financial position, allowing it to make investments in its LNG infrastructure, expand production capacity and increase its customer base. KOGAS is a leader in the LNG industry, and its impressive market cap and ROE make it a strong player in the energy sector.
Summary
Revenues also exceeded expectations, coming in at $1.6B, a $260M improvement over estimated revenues. Southwest Gas‘ superior performance can be attributed to its strategic cost savings initiatives and aggressive marketing strategies.
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