SOUTHWEST GAS CORP 8K

Southwest Gas Holdings, Inc. issued its second quarter 2026 earnings release, reporting improved profitability, reaffirming 2026 guidance, and updating capital and margin expectations for its Great Basin 2028 Expansion Project based on higher contracted demand and a constructive California rate case outcome.

On August 5, 2026, Southwest Gas Holdings, Inc. reported its financial results for the quarter and six months ended June 30, 2026, highlighting a return to profitability with $42.1 million in net income from continuing operations and $0.58 in diluted EPS for the quarter versus a loss in the prior-year period, while reaffirming its full-year 2026 earnings and capital expenditure guidance. The company emphasized constructive regulatory outcomes, including a California rate case decision that adds approximately $40 million of incremental annual revenue and retroactive revenue recognition of about $9.7 million in the second quarter, along with new Arizona and Nevada rate mechanisms that support more timely recovery of infrastructure investments. Management also provided an update on the Great Basin 2028 Expansion Project, noting binding commitments for roughly 1 Bcf per day of capacity, an increased projected capital investment of about $2.3 billion, and expected annual incremental margin of $270–$300 million once in service, and indicated that updated long-term guidance incorporating these higher project estimates will be addressed in its next five-year planning cycle. The company reported a strong liquidity position with $270.5 million of cash and nearly $1.0 billion of available liquidity, ongoing execution of a $1.25 billion 2026 capital program (including $115 million spent year-to-date on Great Basin), and reaffirmed 2026 EPS from continuing operations guidance of $4.17–$4.32 and 2026–2030 adjusted EPS CAGR and rate base CAGR targets, while noting that current long-term guidance still reflects an earlier $1.7 billion capital assumption for the Great Basin project rather than the updated $2.3 billion estimate.

Filing Facts

CIK

92416

Ticker

-

Form

8K

Source Type

sec

Accession

0001692115-26-000109

Alert Tier

7