Southwest Gas Q4 Profit Rises

(RTTNews) - Southwest Gas Holdings, Inc. (SWX) reported that its fourth-quarter net income rose to $96.47 million or $2.00 per share from $65.18 million or $1.36 per share in the prior year.

Consolidated Operating Revenues rose to $740.43 million from $641.53 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.50 per share and revenues of $388.47 million. Analysts' estimates typically exclude special items.

John P. Hester, President and Chief Executive Officer, said, "We believe 2018 will be another positive year for our Company and we remain focused on the path ahead. Commitment to our core principles will continue as we work to meet the growth in our natural gas service territories, fortify and expand our pipeline system, grow our construction services business, and deliver the value our shareholders expect. That value commitment was reinforced when the Board approved a 5% dividend increase in February 2018."