Southwest Gas Holdings IncSWX
▼ NegativeCapitalrelevance
Q2 earnings miss and revenue decline drove shares down 4%.
Impact on stocks 1
Utilities
Southwest Gas Holdings IncSouthwest Gas Shares Down 4% Since Q2 Earnings Miss
Earnings
Southwest Gas Holdings reported second-quarter 2026 adjusted earnings of 45 cents per share, missing the Zacks Consensus Estimate of 47 cents by 4.3%, while operating revenues fell 9.6% year over year to $358.2 million, also below expectations. The company reaffirmed its 2026 EPS guidance of $4.17-$4.32 and projected a rate base compound annual growth rate of 9.5-11.5% from 2026 to 2030, with capital expenditures of $1.25 billion for 2026 and $6.3 billion over the five-year period. Southwest Gas also advanced its Great Basin expansion, securing binding precedent agreements for about 1 billion cubic feet per day of demand for its 2028 expansion, which is expected to require approximately $2.3 billion in capital and generate an annual incremental margin of $270-$300 million once in service. Shares have lost about 4% since the earnings report, underperforming the S&P 500, and the stock currently holds a Zacks Rank #2 (Buy).
Southwest Gas Holdings IncQ2 earnings miss and revenue decline drove shares down 4%.