Southwest Gas Holdings, Inc. Reports Third Quarter 2026 Financial Results, Reaffirms Full-Year 2026 Guidance

(NYSE:SWX) Southwest Gas Holdings, Inc. reported results for its third quarter and nine months ended September 30, 2026. The company completed its Nevada and California rate cases, resulting in approximately $80 million of combined annual revenue increases. In Arizona, Commission Staff recommended $58 million of incremental annual revenue, a 9.75% return on equity, and a transition to a formula-rate model, with a hearing scheduled for December and anticipated new rates effective in April 2027. The Great Basin 2028 Expansion Project advanced with key resource reports filed and a draft FAST-41 application submitted, with the CPCN filing on track for the fourth quarter of 2026. For the three months ended September 30, 2026, contribution to net income from natural gas distribution was $13,254,000, and for the nine months ended September 30, 2026, it was $191,782,000. Net income attributable to Southwest Gas Holdings was $12,783,000 for the quarter and $193,279,000 for the nine months. Adjusted net income from continuing operations was $14,720,000 for the quarter and $195,358,000 for the nine months. Consolidated earnings per diluted share were $0.18 for the quarter and $2.66 for the nine months, while adjusted consolidated earnings per diluted share from continuing operations were $0.20 for the quarter and $2.69 for the nine months. The company ended the quarter with nearly $0.7 billion in available liquidity. Southwest Gas invested nearly $806 million in infrastructure modernization and expansion during the first nine months of 2026, including approximately $148 million toward the Great Basin 2028 expansion project. Gross margin was $115.1 million for the quarter and $571.1 million for the nine months, with operating margin of $278.1 million for the quarter and $1.1 billion for the nine months. The Nevada rate case provided nearly $48 million of incremental annual revenue, maintaining a 9.5% authorized return on equity and a 51.35% equity / 48.65% debt capital structure. The California rate case resulted in $32.6 million of incremental annual revenue, with a 10% return on equity and a 50% equity / 50% debt capital structure. The Great Basin 2028 Expansion Project is estimated at $2.3 billion and is expected to generate approximately $270 million to $300 million of incremental annual margin beginning at the expected fourth quarter 2028 in-service date. Shippers have executed binding precedent agreements and posted surety supporting 1 Bcf per day of contracted demand, with Transportation Service Agreements to be executed for a minimum term of 20 years upon FERC approval. Capital spending for the project is expected to be approximately 15% in 2026, 25% in 2027, and 60% in 2028. Additional non-binding expressions of interest for 1.8 Bcf per day for in-service dates from 2029 through 2035 have been received. The company delivered an 8.0% Utility return on period-end equity over the 12 months ended September 30, 2026. Year-to-date O&M remained relatively flat, and the company continues to target flat O&M on a per customer basis.

Southwest Gas Holdings Declares Fourth Quarter 2026 Dividend

(NYSE:SWX) Southwest Gas Holdings, Inc. announced that its Board of Directors has declared a fourth quarter cash dividend for common stock. The dividend is set at $0.645 per share. The dividend will be payable on December 1, 2026, to shareholders of record as of November 16, 2026. On an annualized basis, this dividend equates to $2.58 per share. Southwest Gas Holdings, Inc. has paid quarterly dividends continuously since going public in 1956. The company, through its primary operating subsidiary Southwest Gas Corporation, is engaged in purchasing, distributing, and transporting natural gas. Southwest Gas Corporation serves over 2 million customers. Additional information regarding the tax status of Southwest Gas' dividend distributions is available through the Investor Relations section of the company's website.

Southwest Gas Holdings Declares Third Quarter 2026 Dividend

(NYSE: SWX) The Board of Directors for Southwest Gas Holdings, Inc. has declared a third quarter cash dividend of $0.645 per share. The dividend is payable September 1, 2026, to shareholders of record as of August 17, 2026. The dividend equates to $2.58 per share on an annualized basis. The Company has paid quarterly dividends continuously since going public in 1956. Southwest Gas Holdings, Inc., through its primary operating subsidiary Southwest Gas Corporation, engages in the business of purchasing, distributing, and transporting natural gas for its customers. Southwest Gas Corporation serves over 2 million customers. Additional dividend information, including the tax status of Southwest Gas' dividend distributions, can be obtained through the Investor Relations section of Southwest Gas' website, www.swgasholdings.com.

Molly R. Carson and Leezie Kim Join Board of Directors for Southwest Gas Holdings

Southwest Gas Holdings, Inc. (NYSE: SWX) announced the election of Molly R. Carson and Leezie Kim to its Board of Directors at the annual meeting held May 7, 2026. The company highlights the new directors' leadership and deep ties to the southwest region, aiming to support safe, reliable, and affordable service for nearly 2.3 million customers. Southwest Gas Holdings, Inc. operates through its subsidiary Southwest Gas Corporation, focusing on purchasing, distributing, and transporting natural gas. The company serves over 2 million customers in Arizona, Nevada, and California. This announcement underscores the company's commitment to strong governance and long-term value creation for stockholders.