SWX

Southwest Gas Holdings, Inc. ( SWX ) Q3 2026 Earnings Call November 4, 2026 11:00 AM EST Company Participants Justin Brown - President CEO & Director Justin Forsberg - CFO, Treasurer & Senior VP Conference Call Participants Constantine Lednev - Wells Fargo Securities, LLC, Research Division Elias Jossen - JPMorgan Chase & Co, Research Division Jamieson Ward - Jefferies LLC, Research Division Gabriel Moreen - Mizuho Securities USA LLC, Research Division Christopher Ellinghaus - Siebert Williams Shank & Co., L.L.C., Research Division Paul Fremont - Ladenburg Thalmann & Co. Inc., Research Division Ryan Levine - Citigroup Inc. Exchange Research Presentation Operator Welcome to Southwest Gas Holdings' Third Quarter 2026 Earnings Conference Call.

Southwest Gas beat Q3 earnings estimates on lower interest costs despite declining sales, while regulatory gains and its Great Basin expansion bolster prospects.

Southwest Gas (SWX) came out with quarterly earnings of $0.2 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.06 per share a year ago.

Delivered 8.0% Twelve-month-ended Utility ROE  Company Completes Nevada and California Rate Cases as Arizona Rate Case Progresses  Great Basin 2028 Expansion Project Remains on Track for 4Q CPCN Filing LAS VEGAS, Nov. 4, 2026 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or "Company") today reported results for its third quarter and nine-months ended September 30, 2026. This earnings press release should be read in conjunction with the Form 10-Q and earnings slides, which are concurrently being posted at www.swgasholdings.com.

ATO, ES, SWX and AWR gear up for earnings as infrastructure investments, customer growth, rate hikes and cost pressures shape utility-sector performance.

SWX's Q3 earnings may have benefited from regulatory rate relief, customer growth, rising industrial demand and cost controls, boosting prospects of an earnings beat.

LAS VEGAS, Oct. 14, 2026 /PRNewswire/ -- The Board of Directors for Southwest Gas Holdings, Inc. ("Southwest Gas") (NYSE: SWX) has declared the following fourth quarter cash dividend: Common Stock Payable                    December 1, 2026 Of Record                November 16, 2026 Dividend                  $0.645 per share 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 is now a pure-play regulated utility, offering stable earnings growth and renewed dividend increases after a three-year suspension. SWX's $6.3 billion 2026–2030 capital plan underpins strong EPS growth projections, supporting potential share price appreciation and robust dividend growth. Based on analysts' estimates SWX's share price could rise ~7% in 12 months and ~11% annually through 2030, with dividend yield on cost reaching ~5% by 2030.

Southwest Gas plans $6.3B in capital investments through 2030, targeting 9.5-11.5% annual rate-base growth and 12-14% adjusted EPS rise.

The heavy selling pressure might have exhausted for Southwest Gas (SWX) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.