Quarterly ResultMay 5, 2026, 08:08 AM
Southwest Gas Q1 Diluted EPS $1.91; Affirms 2026 Guidance
AI Summary
Southwest Gas Holdings reported Q1 2026 diluted EPS from continuing operations of $1.91, a 2.7% increase year-over-year, and affirmed its full-year 2026 and long-term guidance. The company filed rate cases in Arizona and Nevada seeking $172 million in additional revenue and saw strong shipper interest for its Great Basin 2028 expansion project. While a delayed California rate case impacted Q1 earnings, full-year guidance remains unchanged due to a memorandum account.
Key Highlights
- Q1 2026 diluted EPS from continuing operations was $1.91, up 2.7% YoY.
- Net income attributable to Southwest Gas Holdings rose 21.5% to $138.4 million.
- Filed rate cases in AZ and NV requesting $172 million in additional revenue.
- Great Basin open season received bids for 2.5 Bcf/day, oversubscribing 2028 expansion.
- Affirmed 2026 EPS guidance of $4.17-$4.32/share and $1.25 billion capital expenditures.
- Increased quarterly common stock dividend by 4% to $0.645 per share.
- Q1 2026 capital expenditures were $186.3 million.