Las Vegas-based Southwest Gas, which provides natural-gas service to 1.9 million customers in Nevada, Arizona and California, reported earnings today for the quarter ending March 31.
Company: Southwest Gas Corp. (NYSE:SWX)
Revenue: $608.4 million (down 0.8 percent from the same period in 2013).
Earnings: $70.8 million in profit (down 12 percent from the same period in 2013).
Earnings per share: $1.51 (down 13 percent from the same period in 2013).
Quote: President and CEO Jeffrey Shaw said revenue slipped in part because of a $3 million decrease at pipeline construction services unit NPL Construction Co.
NPL made less money because of “extreme winter weather ... in a majority of its operating areas, which prevented work from proceeding as planned,” Shaw said.
However, an “improved pace of work should occur in the summer and fall to help NPL rebound from these delays,” he said.