For the year ended March 31, 2008, consolidated net income was $82.6 million, or $1.94 per basic share, compared to $89.4 million, or $2.17 per basic share, for the year ended March 31, 2007.
Jeffrey Shaw, CEO of Southwest Gas, said: Our natural gas operations segment recorded solid operating results in the first quarter of 2008. Cooler temperatures provided additional operating margin, while operating expense increases were minimized. Customer growth continued to be affected by a sluggish new construction housing market as the inventory of unoccupied homes remained high in our service territories.
