Southwest Gas President & CEO John P. Hester interviewed by Advisor Access
June 19 2018 - 9:00AM
Southwest Gas Holdings, Inc. (NYSE:SWX), through
its subsidiaries, engages in the business of purchasing,
distributing, and transporting natural gas, and providing
construction services across North America. Southwest Gas
Corporation (Southwest), a wholly owned subsidiary, safely and
reliably delivers natural gas to more than two million commercial
and residential customers in Arizona, California, and Nevada.
Centuri Construction Group, Inc. (Centuri), a
wholly-owned subsidiary, provides construction and maintenance
services throughout the United States and Canada.
- Dividend growth of approximately 9.5% for the last five years
ended March 31, 2018
- Total annualized shareholder return of 12.4% for the 10-year
period ended March 31, 2018
- 1.6% customer growth for the 12-month period ended March 31,
2018 (Southwest)
- More than two million customers served (Southwest)
- 2018–2020 capital expenditures estimated at $2 billion
(Southwest)
- Projecting 12% annual rate base growth over the period 2018 to
2020 (Southwest)
- One of North America’s largest providers of utility and energy
construction services (Centuri)
- Continued growing trend with record financial results in 2017
(Centuri)
Click here to view the SWX Corporate Investor Presentation
Advisor Access spoke with President and CEO John P.
Hester about Southwest Gas Holdings, Inc.’s growth
story.
Advisor Access: Can you provide us with a little
background on the Company?
John P. Hester: Southwest Gas Holdings, Inc.
has two business segments, Southwest and Centuri. Southwest was
incorporated in March 1931 under the laws of the state of
California and now provides regulated natural gas delivery services
to customers in Arizona, California, and Nevada. In 1996, we added
NPL Construction Co. (now Centuri). Centuri is a comprehensive
construction service enterprise dedicated to meeting the growing
demand of North American utility, energy and industrial markets. We
have built an enviable reputation as a trusted leader in natural
gas distribution and construction services…
AA: What is the economic outlook for Southwest’s service
territories and how is that impacting growth?
JPH: Our utility service territories are in
some of the fastest growing states in the country. Both Arizona and
Nevada currently enjoy robust population growth, low unemployment
rates, and a surge of activity in the housing and real estate
markets. This environment has led to significant customer growth.
In fact, we reached an important milestone in November 2017 when we
celebrated service to two million natural gas customers across our
three-state territory…
AA: …What can you tell investors about the Company’s
dividend policy?
JPH: Southwest Gas Holdings, Inc. had a 9.52%
average compounded annual growth rate per share over the last five
years…and we expect to increase future dividends inline with our
long-term sustainable earnings growth.
AA: What is Southwest’s view of sustainability, and
financial and community stewardship?
JPH: We are committed to stewarding our natural
resources with care. This means offering programs that help our
customers save energy and reduce their environmental footprints.
Similarly, we are also doing our part to reduce our impact on the
environment. We are striving to achieve a 20% reduction in
Southwest’s greenhouse gas (GHG) emissions from fleet and building
facilities by 2025, using 2015 emissions as the baseline…
AA: So John, what should investors take away from our
discussion?
JPH: Over the past year Southwest Gas Holdings,
Inc. has celebrated important milestones in both its natural gas
and construction services businesses. The achievements we mark
today set a solid path forward as we look toward tomorrow’s
opportunities…
AA: Thank you, John.
Read the complete answers to these questions others along with
the full interview with Southwest Gas Holdings, Inc., 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, Inc. 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 INFORMATION
Contact:
Advisor Access
Rick Baggelaar
Rick@advisor-access.com
Southwest Gas (NYSE:SWX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Southwest Gas (NYSE:SWX)
Historical Stock Chart
From Apr 2023 to Apr 2024