earnings
confidence high
sentiment positive
materiality 0.75
Southwest Gas Q2 net income $42.1M vs loss; reaffirms FY guidance; Great Basin expansion margin $270-300M
Southwest Gas Holdings, Inc.
- Q2 net income $42.1M ($0.58 diluted EPS) vs loss of $40.2M ($0.56 loss) in prior year.
- Adjusted EPS from continuing ops $0.45 vs $0.37; six-month adjusted EPS $2.49 vs $2.23.
- Great Basin 2028 expansion: contracted demand ~1 Bcf/d, annual margin $270-300M, CapEx ~$2.3B.
- CA rate case: constructive decision on non-cost-of-capital items; final decision expected in August.
- Reaffirmed full-year 2026 guidance; twelve-month-ended utility ROE 8.1%.