earnings
confidence high
sentiment positive
materiality 0.65
Southwest Gas Q1 EPS $1.91 from cont ops; files $172M in rate cases; Great Basin oversubscribed
Southwest Gas Holdings, Inc.
2026-Q1 EPS
reported $1.91
vs consensus $2.12
▼ miss
(-10.0%)
- Net income from cont ops $138.4M ($1.91 diluted EPS) vs $134.3M ($1.86) in prior year; affirmed FY 2026 guidance.
- Filed Arizona rate case requesting $101M revenue increase (expected Apr 2027) and Nevada case $71M (expected Oct 2026).
- Great Basin open season received expressions of interest for 2.5 Bcf/d, significantly oversubscribing 0.3 Bcf/d capacity; base capital $1.7B unchanged.
- Quarterly dividend raised 4% to $0.645 per share; cash on hand $484.8M, liquidity ~$1.2B.
- Utility ROE 8.5% for twelve months ended March 2026; delayed California rate case decision temporarily impacted Q1.