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Stock impact report

Gas Costs are Decreasing, Southwest Gas Nevada Customers Can Expect to See Savings on Their Bills [Yahoo! Finance]

Southwest Gas Holdings, Inc. (DE) (SWX) 
Last southwest gas holdings, inc. (de) earnings: 2/26 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.swgasholdings.com
Company Research Source: Yahoo! Finance
filing, which proposes an approximate 15% reduction in the Gas Cost component of bills beginning April 1, 2024 . This is the third decrease in a row in the Company's quarterly gas cost filings, and the utility anticipates that trend to continue through 2024, predicting an additional approximate 50% reduction in July. This filing will be made with the Public Utilities Commission of Nevada (PUCN) in May, to become effective July 1, 2024 Southwest Gas does not profit from gas costs and does not have control over the market prices for natural gas, which are affected by supply and demand. The Company saw a 75% increase in gas costs over the past two years. However, the cost of gas has gone down and Southwest Gas expects customers to continue to see these lower prices reflected in their bills. Following the upcoming rate decrease in April, Southwest Gas estimates a monthly savings of in Northern Nevada and in Southern Nevada for the average residential customer; with additional changes in Show less Read more
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