Today's Trend
Southwest Gas Holdings, Inc. (NYSE: SWX) shares moved higher and are trading near their 52-week high, supported by improved profitability, reaffirmed guidance and progress on major growth projects. However, the quarter included a significant revenue decline and missed some analyst estimates, which may limit upside.
- Southwest Gas reported second-quarter net income attributable to the company of $42.1 million, compared with a $40.2 million loss a year earlier. Adjusted EPS was reported at $0.45, in line with some consensus estimates, while GAAP diluted EPS was $0.58. Southwest Gas second-quarter financial results
- Management reaffirmed full-year 2026 continuing-operations EPS guidance of $4.17 to $4.32, broadly consistent with the approximately $4.22 analyst consensus. The company also highlighted an 8.1% utility return on equity and nearly $1 billion of available liquidity. Southwest Gas guidance reaffirmed
- Demand for the Great Basin Expansion Project has strengthened: binding commitments now total roughly 1 billion cubic feet per day. Southwest Gas raised estimated project capital investment to about $2.3 billion and expects eventual annual incremental margin of approximately $270 million to $300 million. A California regulatory decision also provides about $40 million in additional annual revenue. Southwest Gas Great Basin expansion and regulatory update
- Analyst coverage compared Southwest Gas with AltaGas, but the comparison did not identify a new company-specific catalyst. Institutional positioning was mixed, with some large investors adding shares and others reducing or exiting holdings. Analysis of Southwest Gas and AltaGas
- Second-quarter revenue fell 9.6% year over year to $358.2 million, well below the roughly $416.2 million analyst expectation. Zacks also reported adjusted EPS of $0.45 versus its $0.47 consensus estimate, creating an earnings-and-revenue headwind despite the improvement in net income. Southwest Gas second-quarter earnings analysis