Southwest Gas Holdings, Inc. (NYSE:SWX) Q1 2024 Earnings Call Transcript

Rob Stefani: Hey, Ryan. Yes, so we don’t provide the forward guidance on the NOL position, but we’ll just refer you, we had just about a $1 billion of NOLs as of the end of the year. And so that’s obviously a substantive position that could be used to offset a taxable form of a transaction. I think that provides us a lot of optionality with what we do with that 81% stake.

Ryan Levine: Okay, and then last question. Now that the IPO is complete, should we look for more comprehensive financial guidance from Southwest Gas given that restriction is lifted?

Karen Haller: Ryan, we wouldn’t expect to change the longer term guidance, if that’s what you’re referring to, until we really understand what the full separation of Centuri looks like. So once we’ve completed that, we’ll be in a better position to be able to provide longer term guidance.

Ryan Levine: Thank you for taking my questions.

Karen Haller: Thanks.

Operator: [Operator Instructions] As there are no further questions at this time. This concludes our Q&A session. I will now turn the call over back to Justin for closing remarks.

Justin Forsberg: Thanks, John, and thank you all for joining us today and for your questions. This concludes our conference call, and we look forward to seeing many of you soon as we participate in conference activities next week at the Citi Global Utilities Conference in Boston, followed by the AGA Financial Conference in Palm Desert, California, as well as other events a little further out. I wanted to highlight that we recently launched a new investor website, which is intended to help you to find information about the company more easily. Please let us know your thoughts as you navigate the updated site. Slide 19 of today’s presentation also includes my contact information and as always, feel free to reach out at any time. Thank you for your interest in Southwest Gas. Have a great day.

Operator: This concludes today’s Southwest Gas Holdings first quarter 2024 earnings calls and webcast. You may disconnect your line at this time. Have a wonderful day.