Southwest Gas Holdings, Inc. (SWX) Form 10-Q — May 5, 2026
Southwest Gas Holdings reported first quarter 2026 net income of $138.4 million, or $1.91 per share, compared to $113.9 million, or $1.58 per share, in the prior year period. Operating margin increased to $477.0 million from $461.8 million, driven by updated rates in Arizona and Nevada and customer growth, partially offset by higher depreciation, taxes, and interest expenses. The Board of Directors increased the quarterly common stock dividend to $0.645 per share, a 4% increase over the 2025 rate. The company filed general rate cases in Arizona and Nevada seeking revenue increases of approximately $101.0 million and $71.3 million, respectively.
Key figures
- Eps
- 1.91
- Revenue
- 585119000
- Net Income
- 138374000
- Revenue Yoy
- -21.6%
- Cash Position
- 484752000
- Operating Margin
- 476965000
- Dividend Per Share
- 0.645
Price after filing
Close on the filing date to close N calendar days later (from $93.67). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.