Thanks, Justin.
adjusted an XX, consolidated on Slide walk provide On basis. we a earnings
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on In This resulting $XX.X XX, you XXXX, California. the increased Nevada for Moving driven Corporation. in million our compared improvement and was performance will Gas to to margin year-over-year rate by million $XX Southwest by utility, Slide increased investments see XXXX. utility operating primarily relief of from prior drivers
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ceases Gas of extent to and entirety Holdings on assumes the as market the on financing further Centuri consolidated plan which adjust depending XXXX, our Moving timing separation the both Slide to to be needed and simplicity Centuri the provide Corporation, for consolidation events. XX. successful in year. execution of for plan XXXX this for We Gas To of Southwest we Southwest
more XXXX million from on of of basis Centuri's $X well company Gas collection will costs further finished Holdings following conditions, than in consolidated among gas hand market and Southwest other balance highlight a on more improve We $XXX separation than cash which Southwest Centuri the of resulted with of of form utility billion from the if deferred as natural that depend previously at could shares liquidity on customers as paydown full Gas increased divestiture cash things. debt and IPO. the using holding of proceeds sheet Holdings, the
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beyond term to maturity We all also of XX or date. July facility company a extension holding loan expect portion the the a the at of potential
extend We note, XXXX. December we the debt of facility also sometime XXXX, until the currently XXXX not activity revolving maturity. and plan during capital credit issuance ahead amend its need any at of for the new foresee holding markets significant company do to the Of utility spring
Karen to which dividend As to Holdings would remains earlier, stockholders. noted the paying expect a competitive Southwest pay competitive our XXXX, a dividend we payout plan in We result in committed same ratio. to Gas
to solid credit reiterate continue review At changes and factors, holdings, post of requirements, as dividend ratings, separation, competitiveness the investment-grade factors conditions to policy dividend impacts will projected deconsolidation Centuri. capital our the balance and to we for We execution other plan further of any yield, sheet. we'll balance economic and the a target such
our at an to take maintaining XX, Moving investment-grade sheet to strength our Slide profile. and we balance a commitment look
of previous to with net collection cost the gas more company. XXXX from winter walked the by $XXX full debt We than On to the of left-hand of million purchase due cash XXXX. through deferred the side, operating finished we XXXX largely
balance balance a mentioned $XXX of XXXX. a million This to million PGA now about the utility, compared $XXX liability as asset I that in flipped is of moment As XX, nearly ago a the XXXX. balance result, has at of December the to
In on on XX, the balance. provided additional Slide details PGA appendix are the
the to the to cash the financing large continue additional We pursue in utility near expect to obviate term. significantly balance need
Back to you, Karen.
