Southwest Gas Holdings (SWX) Q4 FY25 earnings call

Southwest Gas Holdings delivered strong Q4 FY25 results, marking a successful strategic transformation to a pure-play regulated natural gas business following the Centuri disposition. The company reported adjusted net income above guidance and announced a 4% dividend increase, supported by robust regulatory outcomes and cost management. With a strengthened balance sheet and positive credit rating upgrades, the company is well-positioned for significant earnings and rate base growth, driven by its multi-year capital plan and the Great Basin expansion project, while actively pursuing regulatory