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Southwest Gas Holdings, Inc. (SWX) stock

SWXNYSENatural Gas Transmisison & DistributionFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 13/3031% below fair value
$93.08−0.04 (-0.04%)

Close on Oct 30, 2026Market cap $6.74BP/E 12.3Yield 2.66%

Earnings

Southwest Gas's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 4, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q2 FY2026
$358.15M
-68.0% on a year earlier
Adj. consolidated earnings per diluted share from continuing operations, Q2 FY2026
$0.45
$0.53 a year earlier
Latest guidance
Reaffirmed
Aug 5, 2026 · 5 items

Quarterly results

Revenue and earnings per share from each of Southwest Gas's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2026ended Sep 30, 2026Nov 4, 2026Expected–––––
Q2 FY2026ended Jun 30, 2026Aug 5, 2026before the open$358.15M-68.0%$0.58$0.45Release
Q1 FY2026ended Mar 31, 2026May 5, 2026before the open$585.12M-54.9%$1.91–Release
Q4 FY2025ended Dec 31, 2025Feb 25, 2026before the open$480.74M–$1.43$1.36Release
Q3 FY2025ended Sep 30, 2025Nov 5, 2025before the open––––Release
Q2 FY2025ended Jun 30, 2025Aug 6, 2025before the open$1.12B-5.2%-$0.18$0.53Release
Q1 FY2025ended Mar 31, 2025May 12, 2025before the open$1.30B–$1.58$1.65Release
Q4 FY2024ended Dec 31, 2024Feb 26, 2025before the open––––Release
Q3 FY2024ended Sep 30, 2024Nov 6, 2024before the open$1.08B-7.7%–$0.09Release
Q2 FY2024ended Jun 30, 2024Aug 6, 2024before the open$1.18B–$0.25$0.31Release
Q1 FY2024ended Mar 31, 2024May 8, 2024before the open––$1.22$1.37Release
Q4 FY2023ended Dec 31, 2023Feb 28, 2024before the open$1.37B-3.8%$1.01$1.13Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Southwest Gas's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
CAGR through 2026non-GAAPFY2026+9% – +11%–NewAug 9, 2022
2026 Earnings per share from continuing operationsFY2026$4.17 – $4.32$4.17 – $4.32ReaffirmedAug 5, 2026
Earnings per share from continuing operationsGAAPFY2026$4.17 – $4.32–NewFeb 25, 2026
2026 Capital expenditures (1)FY2026$1.25B$1.25BReaffirmedAug 5, 2026
Capital expendituresFY2026$1.25B–NewFeb 25, 2026
2025- 2029 Capital expendituresFY2029$4.30B–NewMay 12, 2025
2025 - 2029 Adjusted net income CAGRnon-GAAPFY2029+6% – +8%–NewMay 12, 2025
2025 - 2029 Rate base CAGRFY2029+6% – +8%–NewMay 12, 2025

Guidance history

Every forecast Southwest Gas put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Aug 5, 20262026- 2030 Capital expenditures (1)2026- 2030$6.30B–
Aug 5, 20262026 Capital expenditures (1)FY2026$1.25BReaffirmed
Aug 5, 20262026 - 2030 Adjusted Earnings per share from continuing operations CAGR (2)2026 - 2030+12% – +14%–
Aug 5, 20262026 Earnings per share from continuing operationsFY2026$4.17 – $4.32Reaffirmed
Aug 5, 20262026 - 2030 Rate base CAGR (2)2026 - 2030+9.5% – +11.5%–
May 5, 2026Capital expendituresFY2026$1.25BNew
May 5, 2026Capital expenditures2026- 2030$6.30B–
May 5, 2026Adjusted Earnings per share from continuing operations CAGR2026 - 2030+12% – +14%–
May 5, 2026Earnings per share from continuing operationsFY2026$4.17 – $4.32New
May 5, 2026Rate base CAGR2026 - 2030+9.5% – +11.5%–
Feb 25, 2026Capital expendituresFY2026$1.25BNew
Feb 25, 2026Capital expenditures2026- 2030$6.30B–
Feb 25, 2026Earnings per share from continuing operations CAGR2026 - 2030+12% – +14%–
Feb 25, 2026Earnings per share from continuing operationsFY2026$4.17 – $4.32New
Feb 25, 2026Rate base CAGR2026 - 2030+9.5% – +11.5%–
Aug 6, 20252025 Capital expenditures in support of customer growth, system improvements, and pipe replacement programsFY2025$880.00MReaffirmed
Aug 6, 20252025- 2029 Capital expenditures2025- 2029$4.30B–
Aug 6, 20252025 - 2029 Rate base CAGR2025 - 2029+6% – +8%–
Aug 6, 20252025 - 2029 Adjusted net income CAGR2025 - 2029+6% – +8%–
Aug 6, 20252025 Net income guidanceFY2025$265.00M – $275.00MReaffirmed

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Southwest Gas filed with the SEC as exhibits to Form 8-K or 6-K

  1. Southwest Gas Holdings, Inc. Reports Second Quarter 2026 Financial Results,
    Results
  2. Southwest Gas Holdings, Inc. Reports First Quarter 2026 Financial Results,
    Results
  3. Southwest Gas Holdings, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
    Results
  4. Southwest Gas Holdings, Inc. Reports Third Quarter 2025 Financial Results,
    Results
  5. Southwest Gas Holdings, Inc. Reports Second Quarter 2025 Financial Results,
    Results
  6. Great Basin Expansion Project Shows Strong Interest for Natural Gas Expansion in Northern Nevada
    Update
  7. Southwest Gas Holdings, Inc. Reports First Quarter 2025 Financial Results, Reaffirms Guidance
    Results
  8. Southwest Gas Holdings, Inc. Reports Fourth Quarter and Full-Year 2024 Financial Results
    Results
  9. Southwest Gas Holdings, Inc. Reports Third Quarter 2024 Financial Results;
    Results
  10. Southwest Gas Holdings, Inc. Reports Second Quarter 2024 Financial Results;
    Results
  11. RATEMAKING JURISDICTIONS AND REGULATORY AGENCIES
    Update
  12. Southwest Gas Holdings, Inc. Reports First Quarter 2024 Financial Results, Affirms Guidance
    Results
  13. Southwest Gas Holdings, Inc. Reports Fourth Quarter and Full-Year 2023 Financial Results
    Results
  14. Southwest Gas Appoints Accomplished Utility and Energy Industry Executive Bill Fehrman as President and CEO of Centuri
    Update
  15. Southwest Gas Provides Leadership Update For Centuri
    Update