Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Southwest Gas Holdings' recent earnings call provided a comprehensive overview of their financial and strategic positioning for the third quarter of 2025.</li><li>The company emphasized a significant milestone: the complete separation and disposition of Centuri, which strengthened its balance sheet and paid down all holding company debt.</li><li>This strategic restructuring allows Southwest Gas Holdings to refocus on its core regulated natural gas business, entirely aligned with long-term value creation as a pure-play natural gas utility.</li></ul>

Southwest Gas Holdings' recent earnings call provided a comprehensive overview of their financial and strategic positioning for the third quarter of 2025.The company emphasized a significant milestone: the complete separation and disposition of Centuri, which strengthened its balance sheet and paid down all holding company debt.This strategic restructuring allows Southwest Gas Holdings to refocus on its core regulated natural gas business, entirely aligned with long-term value creation as a pure-play natural gas utility.

Southwest Gas Holdings: Investments In Infrastructure & A Robust Financial Arsenal for a New Energy Supercycle Can Up The Ante!

<ul><li>Southwest Gas Holdings, through its earnings for the fourth quarter and full-year 2024, has laid out its financial performance and forward-looking strategic priorities with a focus on solidifying its position as a leading regulated natural gas utility.</li><li>The company has successfully executed several strategic initiatives over the past year, positively impacting its operational results and positioning it for future growth.</li><li>A key positive noted in the call was the record annual operating margin achieved by Southwest Gas Holdings, marking its second consecutive year with a return on equity above 8%.</li></ul>

Southwest Gas Holdings, through its earnings for the fourth quarter and full-year 2024, has laid out its financial performance and forward-looking strategic priorities with a focus on solidifying its position as a leading regulated natural gas utility.The company has successfully executed several strategic initiatives over the past year, positively impacting its operational results and positioning it for future growth.A key positive noted in the call was the record annual operating margin achieved by Southwest Gas Holdings, marking its second consecutive year with a return on equity above 8%.

Southwest Gas Holdings: Centuri Separation & Strategic Focus To Change The Game!

<ul><li>Southwest Gas Holdings has presented a range of both positive achievements and challenges in its latest financial results and strategic execution, according to its third quarter 2024 disclosures.</li><li>The company continues to focus on its evolution into a primary fully regulated natural gas utility, following the successful IPO of Centuri and ongoing efforts to separate this entity.</li><li>This divestment is aimed at refining strategic focus and optimizing shareholder value, though the timing is sensitive to market conditions.</li></ul>

Southwest Gas Holdings has presented a range of both positive achievements and challenges in its latest financial results and strategic execution, according to its third quarter 2024 disclosures.The company continues to focus on its evolution into a primary fully regulated natural gas utility, following the successful IPO of Centuri and ongoing efforts to separate this entity.This divestment is aimed at refining strategic focus and optimizing shareholder value, though the timing is sensitive to market conditions.

Southwest Gas Holdings: It’s Bold Centuri Separation Plan: Unlocking Hidden Shareholder Value! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Southwest Energy Corporation is focusing on natural gas distribution utilities, having sold its pipeline and storage business</li><li>The company holds a majority stake in Centuri Holdings, an infrastructure construction services provider</li><li>Southwest Energy is expected to pay off debt, initiate buybacks or increase dividends, and has rate case filings in multiple states that could lead to substantial rate base growth</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Southwest Energy Corporation is focusing on natural gas distribution utilities, having sold its pipeline and storage businessThe company holds a majority stake in Centuri Holdings, an infrastructure construction services providerSouthwest Energy is expected to pay off debt, initiate buybacks or increase dividends, and has rate case filings in multiple states that could lead to substantial rate base growthThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Southwest Gas Holdings Inc (SWX) - Monday, Aug 26, 2024

<ul><li>Southwest Gas Holdings Inc. showcased a mixed financial performance in their second quarter of 2024.</li><li>Notably, the company celebrated the successful closing of the Centuri IPO, which marks a strategic milestone in returning to its core operations as a fully regulated natural gas utility.</li><li>This move was well-received by the market, underscoring a positive turning point in the company's strategic realignment efforts.</li></ul>

Southwest Gas Holdings Inc. showcased a mixed financial performance in their second quarter of 2024.Notably, the company celebrated the successful closing of the Centuri IPO, which marks a strategic milestone in returning to its core operations as a fully regulated natural gas utility.This move was well-received by the market, underscoring a positive turning point in the company's strategic realignment efforts.

Southwest Gas Holdings: How Are They Dealing With Market Dependency & Competition Challenges? - Major Drivers

United States

Southwest Gas Corporation purchases, transports, and distributes natural gas to residential, commercial, and industrial customers in portions of Arizona, Nevada, and California.  The Company also provides construction services to utility companies, including trenching and installation, replacement, and maintenance services for energy distribution systems.

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Southwest Gas (SWX US)

Southwest Gas Holdings: Investments In Infrastructure & A Robust Financial Arsenal for a New Energy Supercycle Can Up The Ante!

Southwest Gas Holdings' recent earnings call provided a comprehensive overview of their financial and strategic positioning for the third quarter...

Baptista Research

Southwest Gas Holdings: Centuri Separation & Strategic Focus To Change The Game!

Southwest Gas Holdings, through its earnings for the fourth quarter and full-year 2024, has laid out its financial performance and forward-looking...

Baptista Research

Southwest Gas Holdings: It’s Bold Centuri Separation Plan: Unlocking Hidden Shareholder Value! - Major Drivers

Southwest Gas Holdings has presented a range of both positive achievements and challenges in its latest financial results and strategic execution,...

Baptista Research

Southwest Gas Holdings Inc (SWX) - Monday, Aug 26, 2024

Southwest Energy is expected to pay off debt, initiate buybacks or increase dividends, and has rate case filings in multiple states that could lead...

Value Investors Club (VIC)

Southwest Gas Holdings: How Are They Dealing With Market Dependency & Competition Challenges? - Major Drivers

Southwest Gas Holdings Inc. showcased a mixed financial performance in their second quarter of 2024. Notably, the company celebrated the...

Baptista Research

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