Quarterly ResultAug 5, 2026, 08:08 AM
Southwest Gas Q2 Net Income $42.1M; Great Basin CapEx $2.3B
AI Summary
Southwest Gas Holdings reported Q2 2026 net income from continuing operations of $42.1 million ($0.58 diluted EPS), a significant increase from the prior year. The company reaffirmed its full-year 2026 guidance and provided an update on the Great Basin 2028 Expansion Project, with estimated capital investment now at $2.3 billion and potential annual incremental margin of $270-$300 million. Regulatory progress includes a constructive California rate case decision and effective Arizona System Integrity Mechanism rates.
Key Highlights
- Q2 2026 net income from continuing operations: $42.1 million.
- Q2 2026 diluted EPS from continuing operations: $0.58.
- Great Basin 2028 Expansion Project estimated capital investment increased to $2.3 billion.
- Great Basin 2028 Expansion Project potential annual incremental margin: $270 million to $300 million.
- Full-year 2026 EPS guidance reaffirmed: $4.17 - $4.32 per share.
- Full-year 2026 capital expenditures guidance reaffirmed: ~$1.25 billion.
- California regulatory outcome provides approximately $40 million of incremental annual revenue.
- Utility ROE for 12 months ended June 30, 2026: 8.1%.
Price Impact
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