Southwest Gas Q2 EPS $0.45 Beats, Great Basin Expansion CapEx Jumps to $2.3B
SWX sits 18% above its 52-week low of $75.75.
Summary
Southwest Gas reported Q2 adjusted EPS of $0.45, up from $0.37 a year ago, with revenue of $358.2 million. The company reaffirmed its full-year 2026 guidance, including continuing operations EPS of $4.17 to $4.32 and capital expenditures of about $1.25 billion, with total 2026-2030 capex expected at $6.3 billion. The Great Basin 2028 expansion project now has contracted demand of approximately 1 Bcf/d, pushing estimated capital investment to $2.3 billion and an annual margin of $270-300 million once in service. A constructive California rate case decision on non-cost-of-capital items adds regulatory momentum, with a final decision expected in August.
At the time of this announcement, SWX was trading at $89.76 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $75.75 to $94.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.