Southwest Gas Q3 profit beats estimates on rate hikes, lower interest expense
SWX•Southwest Gas reported Q3 adjusted net income of $15.19 million, above the $10.56 million analyst estimate, and EPS from continuing operations turned positive. It reaffirmed 2026 adjusted EPS guidance of $4.17 to $4.32 and capital expenditures guidance of about $1.25 billion.
1. Quarterly results
Southwest Gas reported Q3 adjusted net income of $15.19 million, beating the $10.56 million estimate from five analysts. EPS from continuing operations turned positive from a loss in the prior-year period, while net income was $12.78 million.
2. Guidance and rate cases
The company reaffirmed its 2026 adjusted EPS guidance of $4.17 to $4.32 and capital expenditures guidance of about $1.25 billion. It expects 2026-2030 adjusted EPS compound annual growth of 12% to 14% and $6.3 billion in capital expenditures. Updated rates in Nevada and California added about $80 million in annual revenue, and Southwest Gas attributed improved earnings in part to lower interest expense.
