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

Southwest Gas (NYSE:SWX) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.170-4.320 for the period, compared to the consensus estimate of 3.950. The company issued revenue guidance of -.

Southwest Gas Stock Up 0.1%

Shares of SWX traded up $0.11 during mid-day trading on Friday, reaching $88.52. The company’s stock had a trading volume of 91,736 shares, compared to its average volume of 725,379. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 2.30 and a beta of 0.65. The business has a fifty day moving average of $83.52 and a 200 day moving average of $80.85. The company has a quick ratio of 1.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. Southwest Gas has a 1 year low of $64.69 and a 1 year high of $88.84.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.04). Southwest Gas had a net margin of 14.77% and a return on equity of 6.62%. The business had revenue of $480.74 million for the quarter, compared to analyst estimates of $587.01 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, analysts forecast that Southwest Gas will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup upgraded shares of Southwest Gas from a “neutral” rating to a “buy” rating and raised their price target for the stock from $82.00 to $99.00 in a report on Thursday, January 15th. Mizuho set a $96.00 target price on shares of Southwest Gas in a research report on Wednesday, February 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Southwest Gas in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.40.

Institutional Trading of Southwest Gas

A number of institutional investors and hedge funds have recently made changes to their positions in SWX. EverSource Wealth Advisors LLC increased its holdings in shares of Southwest Gas by 223.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 304 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Southwest Gas by 21.3% during the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 165 shares during the period. Advisory Services Network LLC acquired a new position in Southwest Gas during the third quarter valued at approximately $72,000. Danske Bank A S acquired a new position in Southwest Gas during the third quarter valued at approximately $94,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Southwest Gas in the fourth quarter worth $99,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.