Southwest Gas Holdings President and Chief Executive Officer Interviewed by Advisor Access
August 27 2019 - 10:30AM
Southwest Gas Holdings, Inc. (NYSE: SWX), through
its subsidiaries, engages in the business of purchasing,
distributing, and transporting natural gas, and providing
infrastructure services across North America. For more information,
visit www.swgas.com.
- Dividend per share growth: approximately 8.35% for the last
five years
- Total compound annual shareholder return: 18.18% for the
10-year period ended June 30, 2019
- 1.7% customer growth for the 12 months ended June 30, 2019
(Southwest)
- Serving over two million customers (Southwest)
- 2019-2021 capital expenditures estimated at $2.1 billion
(Southwest)
- Projecting 11% annual rate base growth over the period
2019-2021 (Southwest)
- One of North America’s largest providers of utility and energy
infrastructure services (Centuri)
- Continued growing trend with record financial results in 2018
(Centuri)
Click here to view the SWX Corporate Presentation
Advisor Access spoke to President and Chief Executive Officer
John P. Hester about Southwest Gas Holdings, Inc.’s future focus on
growth and sustainability.
Advisor Access: Can you provide us with a little
background on Southwest Gas Holdings, Inc.?
John P. Hester: SWX has two business segments,
Southwest and Centuri. Southwest was incorporated in March 1931 and
provides regulated natural gas delivery services to customers in
portions of Arizona, California, and Nevada. In 1996, we added NPL
Construction Co. (now Centuri)…
AA: What is the economic outlook for SWX?
JPH: A positive economic outlook in the
southwestern U.S., including strong employment, robust consumer
spending, and increasing personal income, has created growth
opportunities that are positioning SWX for a solid and sustainable
future…
AA: Can you expand on the accomplishments of the two
primary business segments?
JPH: Yes. Southwest benefited this past year
from a robust job market, which drew thousands of new residents to
the major counties where we operate…This spurred the addition of
more than 32,000 new customers in 2018, and the expectations to add
35,000 customers in 2019 and 37,000 customers both in 2020 and
2021…
AA: How are you meeting customer
expectations?
JPH: Earning and maintaining our customers’
trust is key to sustaining a strong future at Southwest and
Centuri…
AA: John, can you elaborate on the company’s view on
safety?
JPH: Yes. SWX takes proactive efforts, both
internally and externally, to ensure safety is our highest
priority…
AA: Does Southwest work with regulators to align its
stakeholders’ needs?
JPH: SWX has an 8.35% compounded annual per
share dividend growth rate over the last five years. Our target
payout ratio range is 55% to 65% of earnings…We are currently at
the lower end of our target payout range…
AA: How does SWX value social
responsibility, environmental stewardship, and corporate
governance?
JPH: Southwest’s deep roots in the communities
we serve are part of our enduring legacy of valuing stewardship and
giving back. In 2018, Southwest employees gave $2 million in annual
contributions to local charitable organizations.
AA: So, John, can you summarize what investors or
potential investors should take away from our
discussion?
JPH: Southwest Gas Holdings is focused on the
future as we execute company strategies…
Read the complete answers to these questions
and the full, in-depth interview with Southwest Gas Holdings’
President and Chief Executive Officer John P. Hester HERE.
About Advisor Access:
Advisor-Access LLC brings compelling investment ideas to
investors in the form of in-depth interviews with company
management and the latest fact sheets and corporate
presentations.
DISCLOSURE:
Southwest Gas Holdings has paid Advisor Access a fee to
distribute this email. John P. Hester had final approval of the
content and is wholly responsible for the validity of the
statements and opinions.
Contact:
Advisor Access
Rick Baggelaar
Rick@advisor-access.com
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