earnings
confidence high
sentiment positive
materiality 0.80
Southwest Gas Holdings FY 2025 adjusted utility net income $284M, top of guidance; dividend raised 4%
Southwest Gas Holdings, Inc.
2025-FY EPS
reported $6.08
vs consensus $1.35
▲ beat
(+349.5%)
- FY 2025 GAAP net income $440M ($6.08 diluted EPS); from continuing ops $235M ($3.25 EPS).
- Adjusted net income from continuing ops $264M ($3.65 diluted EPS); utility segment $284M, up ~8.7% YoY.
- Regular quarterly dividend increased 4% to $0.645/share ($2.58 annual); board approved 2Q 2026 start.
- S&P upgraded Southwest Gas Corp to BBB+; utility 2025 FFO/debt 18.6%.
- Plans to file AZ rate case this week, NV next month, seeking formula ratemaking; initiated 2026+ EPS/rate base guidance.