Quarterly ResultMay 5, 2026, 08:18 AM
Southwest Gas Q1 Net Income +21.5% to $138.4M; EPS $1.91
AI Summary
Southwest Gas Holdings, Inc. reported a net income attributable to the company of $138.4 million, or $1.91 per basic share, for the first quarter ended March 31, 2026. While net income and EPS increased significantly year-over-year, this was largely due to the absence of losses from discontinued operations (Centuri) in the current period. Operating revenues from continuing operations decreased by 21.6% to $585.1 million, and income from continuing operations saw a modest 3.0% increase.
Key Highlights
- Net income attributable to Southwest Gas Holdings, Inc. rose 21.5% to $138.4 million.
- Basic earnings per share increased 20.9% to $1.91 for the quarter.
- Operating revenues from continuing operations decreased 21.6% to $585.1 million.
- Income from continuing operations increased 3.0% to $138.4 million.
- Capital expenditures for continuing operations were $208.7 million.
- Cash and cash equivalents stood at $484.8 million as of March 31, 2026.
- Declared dividends were $0.62 per share.
- Effective tax rate for the quarter was 25.0%, up from 20.3% in prior year.
Price Impact
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