Southwest gas holdings, inc. private company information – bloomberg gas exchange in the lungs occurs due to

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Southwest Gas Holdings, Inc., through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers. The company installs, replaces, repairs, and maintains energy distribution systems from the town border station to the end-user; and develops industrial construction solutions. The company also serves customers in the provinces of British Columbia and Ontario in Canada. Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Ne…

Southwest Gas Holdings, Inc., through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers. The company installs, replaces, repairs, and maintains energy distribution systems from the town border station to the end-user; and develops industrial construction solutions. The company also serves customers in the provinces of British Columbia and Ontario in Canada. Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Nevada.

Southwest Gas Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. The company announced consolidated earnings of $1.63 per basic and diluted share for the first quarter of 2018, a $0.17 increase from consolidated earnings of $1.45 per diluted share for the first quarter of 2017. Consolidated net income was $79.1 million for the first quarter of 2018, compared to consolidated net income of $69.3 million for the first quarter of 2017. Consolidated current-year quarter results include a $700,000 loss, or $0.01 per share, in other income (deductions) due to decreases in the cash surrender values of company owned life insurance (COLI) policies, while the prior-year quarter included $2.8 million in other income, or $0.06 per share, associated with COLI policies. Due to the seasonal nature of the company’s businesses, results for quarterly periods are not generally indicative of earnings for a complete twelve-month period.

The company provided 2018 line item guidance for natural gas operations segment. The company expects operating margin to increase by approximately 2%. Depreciation and general taxes are expected to be flat. Operating income should be flat to modestly up, less the impacts of tax reform. Net interest deductions should increase by $9 million to $11 million. The company expects capital expenditures should total about $670 million for year 2018. The company provided expectations for the construction services business. Revenues are expected to grow by 6% to 8%. Operating income should equate 5.25% to 5.75% of revenues. Net interest deductions are expected to be $11 million to $12 million. The growth rate base that the company expects as a result of capital expenditure program. Over the 3-year period ended December 2020, the company anticipates rate base growing from $3.2 billion to $4.5 billion of compounded annualized growth rate of 12%.