Southwest Gas Q2 Revenue Misses by $58M Despite EPS In Line
SWX sits 18% above its 52-week low of $75.75.
Summary
Southwest Gas reported Q2 revenue of $358.2 million, missing the $416.2 million consensus by a wide margin, even as adjusted EPS of $0.45 met expectations. The revenue shortfall is the new negative signal — the earlier PR Newswire release highlighted the EPS beat and Great Basin expansion but omitted the top-line miss. Full-year 2026 EPS guidance of $4.17–$4.32 and capex of ~$1.25 billion were reaffirmed, and the Great Basin 2028 project saw increased contracted demand, raising margin and capital investment expectations. The stock trades near its 52-week high, so this revenue disappointment could pressure the premium valuation. Watch for analyst revisions following the miss.
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 negative market sentiment and an importance score of 7 out of 10. Source: Reuters.