Southwest Gas

Southwest Gas reported a swing to $42.1 million net income in Q2 and reaffirmed 2026 guidance, driven in part by tax-related corporate items. Binding agreements for the Great Basin 2028 Expansion reached about 1 billion cubic feet per day and management raised projected capital to $2.3 billion (from $1.7 billion), forecasting $270–300 million annual margin when in service. Regulators in California, Nevada and Arizona have advanced rate and prudency measures, but California’s cost-of-capital decision is still pending and the FERC certificate for Great Basin has not been filed. Core gas distribution adjusted earnings fell year-over-year and higher depreciation and taxes weigh on near-term results. » Plus sur finance.yahoo.com

Southwest Gas reported adjusted earnings per share of $0.45 for Q2 2026, beating the consensus estimate of $0.43, while revenue of $358.15 million missed the $417.27 million forecast. Results were supported by rate adjustments, customer growth and lower operating and maintenance costs; adjusted operating margin and cash position remained stable. The company reaffirmed its 2026 guidance and extended long-term targets, but announced an expansion of the Great Basin project, raising its capital requirement to about $2.3 billion. Management described the outlook as unchanged and confident but warned of regulatory proceedings and financing and execution risks for the expansion. » Plus sur de.investing.com

Southwest Gas shares climbed to a 52-week high of $94.47 and posted a total return of 24.4% year-to-date (YTD just under 18%). Despite the price increase, the company reported Q1 2026 EPS of $1.91 and revenues of $585.1 million, both below expectations. InvestingPro notes a 56-year dividend history and a dividend yield of 2.78% but sees the stock as possibly overvalued. Mizuho raised its price target to $98 and kept an "Outperform" rating; regulatory decisions in Arizona and Nevada and news on contracts for the Great Basin Expansion remain pending. Southwest Gas announced a quarterly dividend of $0.645 and elected all nominated directors, including Molly R. Carson and Leezie Kim, to the board. » Plus sur de.investing.com

The board of Southwest Gas has declared a quarterly cash dividend of $0.645 per share for the third quarter; the payment date is September 1, 2026, with a record date of August 17, 2026. The payment corresponds to an annualized dividend of $2.58 and a dividend yield of about 2.79% at a price of $91.25. Southwest Gas has paid uninterrupted quarterly dividends since its 1956 IPO; the stock trades near its 52‑week high and is up roughly 17% year-to-date. » Plus sur de.investing.com

At Southwest Gas Holdings' annual meeting, all nominated directors were elected to serve until the next annual meeting, and Molly R. Carson and Leezie Kim were appointed to the board. Shareholders voted in favor of the company’s non-binding, advisory executive compensation and ratified PricewaterhouseCoopers LLP as the independent auditor for 2026. The company also reported that first-quarter 2026 earnings per share and revenue fell short of expectations; Southwest Gas has maintained dividend payments for 56 years. » Plus sur de.investing.com