Southwest Gas Holdings Q2 FY26 net income swings to profit of USD 42.12 million; revenue falls 9.63% to USD 358.15 million
SWX•Q2 results and key metrics
Southwest Gas Holdings posted Q2 net income of USD 42.1 million, swinging from a loss a year earlier; GAAP diluted EPS was USD 0.58.
Q2 operating revenues fell 9.63% to USD 358.15 million; adjusted diluted EPS from continuing operations was USD 0.45.
Utility return on period-end equity was 8.1% for the 12 months ended June 30, 2026; cash and cash equivalents were USD 270.5 million.
Project update and guidance
Great Basin 2028 Expansion contracted demand rose to about 1 Bcf/day; capital estimate increased to about USD 2.3 billion with annual margin projected at USD 270-300 million.
The company reaffirmed 2026 EPS from continuing operations guidance of USD 4.17-4.32; 2026 capital expenditures are expected at about USD 1.25 billion.
