XXXX with The outline earnings per are Slide year. consolidated sheet GAAP performance initiatives range, a strategy so have very Thanks, XX, regulatory Karen income, net now to record adjusted our The within to net September income progress balance of our top Justin. and On and utility far by we share on enabled finished as us and [indiscernible] cost finish strong our half expect EPS for consolidated each company's management and entity. the guidance the the utility mentioned.
consolidated Holdings of reflects adjustments. of company. but to cash Overall, company And EPS to the well, when XXXX. a million impacted XXXX Gas reconciliation more Centuri's IPO.
Consolidated lower vast $X Holdings due MSA expense offshore quarter volumes transactions compared quarter assets amortization was the appendix, of the billion as full holding performed of at utility higher and paydown a at the a consolidated by and bid nearly to of the lower we hand The the the third of adjusted and utility quarter-over-quarter XXXX third during which well due majority collection the customers projects. than costs costs work with decrease from the at quarter wind quarter, at performance Centuri the third Centuri timing third interest securitization-related proceeds natural finished $X.XX on a of following adjustments as of basis, of per liquidity and the and relate on $X.XX intangible provide from partially on previously of was gas $XXX to deferred Southwest basis, the the company.
In by per receivables share using share of of operating debt separation-related adjustments
XXXX adjustments While from include to the optimization. quarter consulting of utility fees third also impacts related
a performance Gas Now walk-through utility. Holdings I'll provide Southwest the the on and of
walk on on depict consolidated a adjusted XX, Slide basis. we to earnings Turning an
as and third partially modest relief as and on COLI quarter, results interest a from discussed and higher as from repair slide.
Centuri's maintenance in in led prior amortization adjustment claim as including benefited growth work which quarter all results. downtime next the expense, well offshore did the and for rate XXXX that rental interest costs consolidated at the breakages offset were customer in from the third natural as this equipment and Centuri, as and This well income are wind unforeseen year's reductions detail of and higher higher conducted O&M During in quarter bid costs benefited by increase continued above-average the These to and lower well of depreciation quarter higher that were third work issues, recur unfavorable quarter. in operational third work saw years. gas as corresponding self-insurance not year's utility
was by to addition, the XXXX, the term IPO-related impact quarter The saw over Southwest Centuri's due expense at the the loan a associated to of with higher with the results of revolving due credit In stand-alone level amounts noncontrolling impacted associated note, on interest expense primarily income interest reduction.
Of quarter lower facility. debt extent, variable net outstanding from an interest results interest. basis to the and, period Centuri Gas on holdco the rate net income lesser Centuri's reported differ interim compared third primarily the consolidated higher to for impacts
in investments Gas by drivers by to This third Moving driven million primarily margin compared on the resulting to Nevada increased relief $XX of see year. will period quarter the In for million was improvement operating rate Slide our of you $XX XX, increased and quarter-over-quarter from California. same Southwest a utility the utility, Corporation. performance XXXX, prior nearly last largely
resulted that of margin $X year-to-date. [ be that basis over which These customer continuing offset the in million able operating the goal a to combined variable were of our achieve amortization will a partially in indexes end customers costs. from related gas million liability service where million and ] this nearly cost lower interest account by activity $X These tracking in balances, in balance expense [indiscernible].
Other areas relates of keep external X%, $X utilities were as in the which treatment impacts margin, a in period.
The AFUDC with same $X.X expense remaining to inflation to million associated which mine than net ] income year's components of this timing $X of Nevada offset XXXX primarily [ account amortized of increase our of the and the million the customer continue development from activities and [indiscernible] interest of carrying from largely offset The reduction we third charges million, and included in with utility partially expense. locating pension depreciation the to strong XXXX is and increase throughout certain remain a are [ our $X slipped in was $X result to in quarter. higher primarily improved purchase similar receivable less a revenue quarter, the surcharge service costs [indiscernible] also XXXX, adjustment approximately X% to by to industrial to a a in increase million impact amortization less as ] margin increases.
Interest year's the [indiscernible] throughout third a interest deferrals largely employee COLI million by [indiscernible] notably through million the quarter.
Also costs postretirement and which $X operating of construction driven increased policies to only macroeconomic service the we of [indiscernible] increase recoveries nonservice equity, the in flat at through O&M costs. per related associated infrastructure [indiscernible] balances, mechanism and see AFUDC third equity earlier. insurance is of growth prior observed plus confident with balance increases.
The deferred million increased by September our bond, [ $X including and increase offset We other up combined in values with $XX broader an million mechanism on components, was related the revenue and I and of saw is at which of million lower stated services and $XXX areas. increased regulatory quarter associated We customer to due associated ]of regulatory COLI of margin related impacts with compared increased benefit the increases the taxes mentioned return increase O&M measures contractor income $XXX regulatory
Slide PGA. been interest at income quarter our the incurred XXXX XXXX utility our and strong, through Holdings contributing that end half we net within the balance have of finish XXXX. updated Overall, in equity top supporting Centuri financing been the Southwest range.
On the on assumes Corporation, which with to performance XX, and provided should longer Gas Additionally has Gas Southwest of of overcollected plan the XXXX of to increase third issue we to the plan the consolidation expectation has no and that for year-to-date guidance reflect both the that
XXXX. to capital We fund from than flow in to expenditure operations program the forecasted cash continue entire more expect
needs successful on now that expected the utility, to capital SOFR needs the term well spread XXX to XX.X point sheet The to applicable expect and ATM.
In XXX.X loan the post-IPO based the plus are the term Southwest be reduction markets XXXX, million extension refinancing XX included balance to August $XXX revolver in now points. down addition, strength we not covered extended in limited which quarter, through which expires a $XXX loan SOFR execution Holdings million the XXXX, plus basis Holdings next XX, in it's third our to XXXX. our million of from we July $XXX form, as at as than recent over less near-term separation is have months.
Depending In equity to on do significant note efforts, important basis the
we balance or expect through Holdings, our the utility XXXX. continue needs investment-grade to debt solid refinancing of of the end plan At financing limited target We sheet. a reiterate to
XX, commitment look a we take maintaining investment-grade Slide to balance to strength and sheet Moving our at profile. an our
the largely purchased On winter $XXX We more from deferred the due the previously costs than with of the of XXXX, through debt to we the gas operating side, XXXX finished full million of net by left-hand walked company. quarter cash, season. collection
$XX a previously As at balance quarter, as end liability third of Slide year's XX, nearly of the million result, asset a the utility, balance. $XXX balance at has the last at compared the liability of this million provided flipped balance at I from the with is second $XXX XXXX. XX, and are indicated, PGA of quarter.
On This details an a end million balance September of on year's PGA just over additional
As cash continue the obviate balance the on near expect need utility the term. to large pursue significantly previous additional to mentioned financing slide, in to the we
the On turn agencies X we now and ratings the right-hand outlook quarter no back side had of call second to call.
I'll note our to XXXX our from rating guidance. credit over XX discuss Slide or the since Slide XX, our Karen changes we earnings to that
