Southwest Gas (NYSE:SWX) Issues FY 2026 Earnings Guidance

Southwest Gas (NYSE:SWX) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 4.170-4.320 for the period, compared to the consensus EPS estimate of 4.260. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup increased their price objective on shares of Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen lowered shares of Southwest Gas from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. UBS Group set a $100.00 target price on shares of Southwest Gas in a report on Thursday. JPMorgan Chase & Co. raised shares of Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a report on Thursday. Finally, Mizuho set a $96.00 target price on shares of Southwest Gas in a report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $95.67.

Southwest Gas Trading Down 0.1%

NYSE SWX traded down $0.09 on Thursday, hitting $90.73. 588,828 shares of the stock were exchanged, compared to its average volume of 482,609. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.18 and a current ratio of 1.45. The stock has a fifty day moving average price of $88.95 and a two-hundred day moving average price of $84.46. The firm has a market capitalization of $6.57 billion, a P/E ratio of 13.15, a P/E/G ratio of 2.33 and a beta of 0.62. Southwest Gas has a 52-week low of $66.93 and a 52-week high of $94.43.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.88 by $0.03. The company had revenue of $585.12 million during the quarter, compared to analyst estimates of $695.52 million. Southwest Gas had a net margin of 19.95% and a return on equity of 6.95%. Southwest Gas’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Research analysts forecast that Southwest Gas will post 4.25 EPS for the current fiscal year.

Southwest Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, May 15th. Southwest Gas’s dividend payout ratio is 37.75%.

Institutional Trading of Southwest Gas

Several institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its holdings in shares of Southwest Gas by 71.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,100 shares of the utilities provider’s stock valued at $328,000 after acquiring an additional 1,712 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Southwest Gas by 14.0% in the fourth quarter. Captrust Financial Advisors now owns 4,067 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 500 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Southwest Gas in the fourth quarter valued at about $298,000. Abel Hall LLC bought a new stake in shares of Southwest Gas in the fourth quarter valued at about $245,000. Finally, Armistice Capital LLC bought a new stake in shares of Southwest Gas in the fourth quarter valued at about $233,000. 92.77% of the stock is currently owned by institutional investors.

About Southwest Gas

Southwest Gas Corporation (NYSE: SWX) is a publicly traded natural gas utility that provides regulated gas distribution services to residential, commercial, industrial and electric generation customers. The company’s core activities include the transportation, distribution and sale of natural gas through an extensive network of pipelines, service lines and metering facilities. Southwest Gas also offers related services such as system maintenance, pipeline safety inspections, emergency response and line extensions to support customer growth and ensure reliable gas delivery.

Founded in 1931 in southern Nevada, Southwest Gas has grown through strategic acquisitions and organic expansion to become one of the nation’s larger natural gas utilities by customer count.