Southwest Gas (NYSE:SWX) Updates FY 2026 Earnings Guidance

Southwest Gas (NYSE:SWX) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.170-4.320 for the period, compared to the consensus EPS estimate of 3.950. The company issued revenue guidance of -.

Southwest Gas Stock Performance

Shares of Southwest Gas stock traded up $0.57 on Thursday, reaching $87.64. 114,042 shares of the company traded hands, compared to its average volume of 721,097. The company has a 50 day moving average of $83.39 and a 200 day moving average of $80.79. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.55 and a quick ratio of 1.43. Southwest Gas has a 52 week low of $64.69 and a 52 week high of $88.74. The firm has a market capitalization of $6.33 billion, a PE ratio of 13.65, a PEG ratio of 2.32 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SWX. Citigroup upgraded Southwest Gas from a “neutral” rating to a “buy” rating and boosted their target price for the company from $82.00 to $99.00 in a research note on Thursday, January 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Southwest Gas in a report on Monday, December 29th. Finally, Mizuho set a $96.00 price objective on shares of Southwest Gas in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Southwest Gas has an average rating of “Moderate Buy” and an average price target of $88.40.

Key Southwest Gas News

Here are the key news stories impacting Southwest Gas this week:

• Positive Sentiment: Company raised FY2026 EPS guidance to $4.17–$4.32, above consensus (~$3.95), which supports higher forward earnings expectations and likely drove buying interest. Press Release
• Positive Sentiment: Board approved a 4% increase to the regular quarterly common dividend (to $0.645), signaling confidence in cash flow and supporting income-focused investors. Press Release
• Positive Sentiment: S&P upgrades for SWX and subsidiary to BBB+ reflect improved credit metrics (2025 utility FFO/Debt ~18.6%) and reduce financing risk. Press Release
• Neutral Sentiment: CEO succession announced — Justin Brown will succeed Karen Haller as CEO effective May 8, 2026; planned, internal succession limits disruption but investors will watch execution. Reuters: CEO Appointment
• Neutral Sentiment: Company emphasizes 2025 utilities metrics (adjusted utility ROE 8.3%, ~8.7% adjusted utility earnings growth) in the presentation — useful for longer-term regulatory and rate-base outlook. Slide Deck
• Negative Sentiment: Q4 results missed expectations: EPS $1.36 vs. $1.40 estimate and revenue $480.7M vs. ~$587M expected — revenue fell ~13% year-over-year, a clear near-term weakness investors must monitor. MarketBeat: Results
• Negative Sentiment: Analyst note / coverage flagged the miss and weaker top-line; if future quarters show persistent volume or margin pressure, valuation (P/E ~13.6) could re-rate lower. Zacks: Earnings Miss

Institutional Investors Weigh In On Southwest Gas

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC grew its stake in Southwest Gas by 74.7% during the first quarter. Millennium Management LLC now owns 209,934 shares of the utilities provider’s stock valued at $15,073,000 after acquiring an additional 89,761 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Southwest Gas by 14.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,852 shares of the utilities provider’s stock valued at $13,703,000 after purchasing an additional 24,688 shares during the period. M&T Bank Corp purchased a new position in shares of Southwest Gas during the 2nd quarter valued at $213,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Southwest Gas by 70.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 36,647 shares of the utilities provider’s stock worth $2,726,000 after purchasing an additional 15,127 shares during the period. Finally, Invesco Ltd. raised its position in shares of Southwest Gas by 2.6% in the second quarter. Invesco Ltd. now owns 393,080 shares of the utilities provider’s stock worth $29,241,000 after buying an additional 10,122 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

About Southwest Gas

Southwest Gas Corporation (NYSE: SWX) is a publicly traded natural gas utility that provides regulated gas distribution services to residential, commercial, industrial and electric generation customers. The company’s core activities include the transportation, distribution and sale of natural gas through an extensive network of pipelines, service lines and metering facilities. Southwest Gas also offers related services such as system maintenance, pipeline safety inspections, emergency response and line extensions to support customer growth and ensure reliable gas delivery.

Founded in 1931 in southern Nevada, Southwest Gas has grown through strategic acquisitions and organic expansion to become one of the nation’s larger natural gas utilities by customer count.