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

Southwest Gas (NYSE:SWX) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.170-4.320 for the period, compared to the consensus earnings per share estimate of 4.220. The company issued revenue guidance of -.

Southwest Gas Stock Up 2.3%

NYSE:SWX traded up $2.08 during mid-day trading on Thursday, reaching $92.75. The stock had a trading volume of 339,400 shares, compared to its average volume of 579,831. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.45 and a quick ratio of 1.32. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 2.11 and a beta of 0.57. Southwest Gas has a 1-year low of $75.75 and a 1-year high of $94.46. The stock’s 50 day simple moving average is $89.66 and its two-hundred day simple moving average is $88.43.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Southwest Gas had a return on equity of 6.95% and a net margin of 19.95%.The business had revenue of $358.15 million for the quarter, compared to analyst estimates of $416.20 million. During the same period in the prior year, the company posted ($0.18) EPS. The business’s revenue was down 9.6% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities analysts anticipate that Southwest Gas will post 4.27 EPS for the current year.

Southwest Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.645 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.8%. Southwest Gas’s dividend payout ratio is currently 37.39%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SWX shares. Mizuho set a $103.00 target price on Southwest Gas in a research note on Wednesday. Weiss Ratings reiterated a “buy (a-)” rating on shares of Southwest Gas in a report on Monday. Citigroup raised their target price on shares of Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Southwest Gas from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Wells Fargo & Company assumed coverage on shares of Southwest Gas in a research note on Monday, May 11th. They issued an “overweight” rating and a $105.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $98.00.

Southwest Gas News Roundup

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

• Positive Sentiment: Southwest Gas reported second-quarter net income attributable to the company of $42.1 million, reversing a $40.2 million loss a year earlier. Adjusted EPS of $0.45 met the company’s reported consensus estimate, while six-month net income reached $180.5 million. Southwest Gas second-quarter 2026 financial results
• Positive Sentiment: Management reaffirmed full-year 2026 continuing-operations EPS guidance of $4.17 to $4.32, broadly in line with the $4.22 consensus. The company also highlighted an 8.1% utility return on equity and continued progress on rate cases. Southwest Gas Q2 net income and guidance
• Positive Sentiment: Demand has strengthened the Great Basin 2028 Expansion Project. Binding commitments now total approximately 1 billion cubic feet per day; projected capital investment has increased to about $2.3 billion, with expected annual incremental margin of $270 million to $300 million once operational. A California regulatory decision also provides approximately $40 million of incremental annual revenue. Southwest Gas project and regulatory update
• Neutral Sentiment: A comparison of Southwest Gas with AltaGas focuses on relative valuation, financial performance and business positioning, but the supplied article does not identify a new company-specific catalyst. Analysis of Southwest Gas and AltaGas
• Negative Sentiment: Quarterly revenue declined 9.6% year over year to about $358.2 million, well below the approximately $416.2 million analyst estimate. Zacks also characterized EPS as a miss against its $0.47 consensus, highlighting continued top-line pressure despite lower costs and improved operating income. Southwest Gas Q2 earnings and revenue analysis

Institutional Investors Weigh In On Southwest Gas

A number of large investors have recently added to or reduced their stakes in SWX. Millennium Management LLC raised its holdings in Southwest Gas by 74.7% in the 1st 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 lifted its position in Southwest Gas by 14.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,852 shares of the utilities provider’s stock worth $13,703,000 after purchasing an additional 24,688 shares during the period. M&T Bank Corp bought a new position in Southwest Gas in the 2nd quarter valued at about $213,000. Arrowstreet Capital Limited Partnership raised its position in shares of Southwest Gas by 70.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 36,647 shares of the utilities provider’s stock valued at $2,726,000 after buying an additional 15,127 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Southwest Gas by 2.6% during the 2nd quarter. Invesco Ltd. now owns 393,080 shares of the utilities provider’s stock worth $29,241,000 after acquiring an additional 10,122 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Southwest Gas Company Profile

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.