Las Vegas-based Southwest Gas, which provides natural-gas service to 1.9 million customers in Nevada, Arizona and California, reported its third-quarter earnings today.
Company: Southwest Gas Corp. (NYSE:SWX)
Revenue: $387.3 million (up 4 percent from the third quarter of 2012).
Earnings: $2.9 million loss (down 33 percent from a loss of $4.3 million in the third quarter of 2012). The shaved loss was attributed to increased earnings by the company’s pipeline construction services unit, NPL Construction Co.
Earnings per share: Loss of 6 cents per share (down 33 percent from a loss of 9 cents per share in third quarter of 2012).
Quote: “In early October, the company completed a $250 million debt offering at less than a 5 percent interest rate. This is one of the lowest 30-year debt financing rates in our history and will benefit customers for decades to come.” — Jeffrey W. Shaw, president and CEO