Southwest Gas Holdings, Inc. (NYSE:SWX) Q3 2019 Earnings Conference Call - Final Transcript
Nov 07, 2019 • 01:00 pm ET
Ladies and gentlemen, thank you for standing by.And welcome to the Southwest Gas Holdings 2019 Third Quarter Earnings Conference Call. At this time all participant lines are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to your speaker today, Vice President of Finance and Treasurer Ken Kenny, please begin.
Ladies and gentlemen, thank you for standing by, and welcome to the Southwest Gas Holdings 2019 Third Quarter Earnings Conference Call. [Operator Instructions] After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised, that today's conference is being recorded. I would now like to hand the conference over to speaker today, Vice President of Finance, and Treasurer Ken Kenny. Please begin.
Kenneth J. Kenny
Thank you, Demetrius. Welcome to Southwest Gas Holdings Inc. 2019 Third Quarter Earnings Conference Call. As Demetrius stated my name is Ken Kenny and I am the Vice President Finance and Treasurer. Our conference call is being broadcast live over the Internet. For those of you who would like to access the webcast please visit our website at www.swgasholdings.com otherwise www.southswgasholdings.com and click on the conference call link. We have slides on the Internet which can be accessed to follow our presentation.
Today we have Mr. John P. Hester, President and Chief Executive Officer; Mr. Gregory J. Peterson, Senior Vice President and Chief Financial Officer; and Mr. Justin L. Brown, Senior Vice President General Counsel Southwest Gas Corporation, and other members of senior management to provide a brief overview of the company's operation, and earnings ended September 30, 2019, and to address earnings per share guidance for 2019. Also, the company will discuss certain factors that may impact this coming year's earnings. Further our lawyers have asked me to remind you that some of the information that will be discussed contains forward-looking statements. These statements are based on management's assumptions which may or may not come true and should refer to the language on slide three and press release and also our SEC filings for a description of the factors that may cause actual results to differ from our forward-looking statements. All forward-looking statements are made as of today and we assume no obligation to update any such statement.
With that said I'd like to turn the time over to John.
John P. Hester
Thanks, Ken. Turning to slide four. We show some of our 2019 highlights. From a consolidated perspective, we saw earnings per share of $0.10 for the quarter. We realized record 12-month revenues of $3.1 billion. We completed our reincorporation of Southwest Gas Holdings from California to Delaware and we are modifying our 2019 earnings per share guidance from the previously announced range of $3.75 to $4 to a new range of $3.60 to $3.80. For the natural gas segment, we continued to experience strong customer growth having added 34000 customers over the past year for an annualized growth rate of 1.7%. We also submitted a new California rate