Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc. reported a significant turnaround for Q2 2026, achieving a net income of $42.1 million, or $0.58 per diluted share, compared to a net loss of $40.2 million in Q2 2025. For the first six months of 2026, net income rose to $180.5 million, or $2.49 per diluted share, up from $73.7 million in the prior year. The company's results reflect its continuing natural gas distribution operations following the deconsolidation of its Utility Infrastructure Services segment in August 2025.

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.

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.

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.