Southwest Gas Q2 GAAP net loss of $12.9M; adjusted EPS $0.53 improves; reaffirms guidance

Southwest Gas Holdings, Inc.

2025-Q2 EPS reported $1.40

GAAP net loss of $12.9M ($0.18 loss per share) vs. net income of $18.3M ($0.25) a year ago.
Adjusted net income of $38.6M ($0.53 per diluted share) vs. $22.5M ($0.31) in Q2 2024.
Arizona capital tracker approved; Nevada SB 417 enabling alternative ratemaking signed.
CTRI follow-on offerings reduced debt by >$470M; SWX ownership of Centuri now ~52%.
Great Basin 2028 Expansion binding open season demand increased to ~1.76 Bcf/d from 1.25 Bcf.

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