{"id":990175,"date":"2026-08-05T08:29:05","date_gmt":"2026-08-05T12:29:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/southwest-gas-holdings-inc-reports-second-quarter-2026-financial-results-reaffirms-full-year-2026-guidance\/"},"modified":"2026-08-05T08:29:05","modified_gmt":"2026-08-05T12:29:05","slug":"southwest-gas-holdings-inc-reports-second-quarter-2026-financial-results-reaffirms-full-year-2026-guidance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/southwest-gas-holdings-inc-reports-second-quarter-2026-financial-results-reaffirms-full-year-2026-guidance\/","title":{"rendered":"Southwest Gas Holdings, Inc. Reports Second Quarter 2026 Financial Results, Reaffirms Full-Year 2026 Guidance"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Delivered<\/i>\u00a08.1%<\/i> T<\/i>welve-month-ended Utility ROE<\/i><\/p>\n

\n Great Basin Demand Raises 2028 Expansion Project CapEx and Margin Expectations<\/i>\n <\/p>\n

\n Constructive CA Rate Case Decision on Items Before Cost of Capital; Final Decision Expected in August<\/i>\n <\/p>\n

\n LAS VEGAS<\/span>, Aug. 5, 2026<\/span> \/PRNewswire\/ — Southwest Gas\u00a0Holdings, Inc. (NYSE: SWX) (“Southwest Gas Holdings” or “Company”) today reported results for its second quarter and six-months ended June\u00a030,\u00a02026. This earnings press release should be read in conjunction with the Form 10-Q and earnings slides, which are concurrently being posted at www.swgasholdings.com<\/a>.<\/p>\n

“We’re encouraged by the progress our team made this quarter, advancing rate cases in all three states and securing binding commitments for our Great Basin 2028 expansion project,” said Justin Brown, President and Chief Executive Officer of Southwest Gas Holdings. “The California Public Utilities Commission’s recent decision on the non-cost-of-capital components of our rate case is a constructive step and reflects the kind of collaborative engagement we’re working to enhance with regulators to better align cost recovery with the timing of our investments to ensure safe and reliable service to our customers across all three states. We remain focused on executing our growth and regulatory priorities while delivering long-term value creation for all stakeholders.”<\/p>\n

“We remain optimistic about the opportunity and progress we’re seeing on our Great Basin expansion,” added Brown. “Contracted demand for the 2028 expansion has grown to roughly 1 billion cubic feet per day, and the project continues to see strong commercial interest, including an additional 1.8\u00a0Bcf of expressions of interest which could lead to binding agreements for future phases during the 2029 to 2035 period. That growing interest points to increased capital investment opportunities and enhanced revenue potential for the initial phase of the project. Based on the contracted demand, we now estimate annual margin of $270 to $300 million once in service and a corresponding capital investment for the project of approximately $2.3 billion,” added Brown.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n SOUTHWEST GAS HOLDINGS, INC. SUMMARY OPERATING RESULTS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Summary Financial Results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Three Months Ended<\/b>
\n
\n June<\/b>\u00a030,<\/b><\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Six Months Ended<\/b>
\n
\n June<\/b>\u00a030,<\/b><\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (In thousands, except per share items)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2026<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2025<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2026<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2025<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Results of Consolidated Operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Contribution to net income – natural gas distribution<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a040,757<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a045,646<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0178,528<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0188,588<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Contribution to net income – corporate and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,365<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (46,377)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,968<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (55,031)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income (loss) from continuing operations, net of taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 42,122<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (731)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 180,496<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 133,557<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss from discontinued operations, net of taxes(1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (39,423)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (59,841)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income (loss) attributable to Southwest Gas Holdings<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a042,122<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0(40,154)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0180,496<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a073,716<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Non-GAAP adjustments to net income – natural gas distribution(2)\u00a0 \u00a0 \u00a0<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0 \u00a0 \u00a0(9,723)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0(11,969)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0(11,969)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted net income – natural gas distribution<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a031,034<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a033,677<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0178,528<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0176,619<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Non-GAAP adjustments to net income – continuing operations(2)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n (9,723)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27,271<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27,271<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted net income – continuing operations<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a032,399<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a026,540<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0180,496<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0160,828<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Consolidated earnings (loss) per diluted share<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 0.58<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 (0.56)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 2.49<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 1.02<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Consolidated earnings (loss) per diluted share from continuing
operations<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 0.58<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 (0.01)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 2.49<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 1.85<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-GAAP adjustments – continuing operations(2)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n (0.13)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.38<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.38<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adj. consolidated earnings per diluted share from continuing
operations<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 0.45<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 0.37<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 2.49<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 \u00a0 \u00a0 \u00a0 2.23<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Weighted average diluted shares<\/span>\n <\/p>\n<\/td>\n

\n

\n 72,665<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 72,088<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 72,617<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 72,195<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n
\n (1)<\/sup>
\n <\/span>
\n <\/i>\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n Including the impacts of noncontrolling interests. All items related to the disposition of Centuri Holdings, Inc. are included in discontinued operations.<\/span>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n
\n (2)<\/sup>
\n <\/span>
\n <\/i>\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n For a reconciliation of non-GAAP financial measures to their comparable GAAP measures, see the tables later in this press release.<\/span>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n Recent Operational and Financial Highlights<\/b>\u00a0<\/p>\n