Southwest Gas (NYSE:SWX) Releases 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 EPS estimate of 4.220. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SWX shares. Mizuho upped their target price on Southwest Gas from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. Citigroup boosted their price target on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company assumed coverage on Southwest Gas in a report on Monday, May 11th. They issued an “overweight” rating and a $105.00 price objective on the stock. UBS Group set a $100.00 target price on Southwest Gas in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upgraded shares of Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Southwest Gas has a consensus rating of “Buy” and an average target price of $97.29.

Southwest Gas Price Performance

SWX stock opened at $89.20 on Wednesday. The company’s 50-day moving average price is $89.62 and its two-hundred day moving average price is $88.40. The firm has a market cap of $6.46 billion, a P/E ratio of 12.93, a P/E/G ratio of 2.13 and a beta of 0.57. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.84. Southwest Gas has a 12 month low of $75.75 and a 12 month high of $94.46.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.03. The business had revenue of $585.12 million for 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%. The firm’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. On average, analysts anticipate that Southwest Gas will post 4.27 earnings per share for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th. Southwest Gas’s dividend payout ratio (DPR) is currently 37.39%.

Institutional Trading of Southwest Gas

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in Southwest Gas by 223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after buying an additional 304 shares in the last quarter. Advisory Services Network LLC acquired a new position in Southwest Gas during the third quarter worth about $72,000. Daiwa Securities Group Inc. raised its stake 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 acquiring an additional 165 shares in the last quarter. Danske Bank A S bought a new position in shares of Southwest Gas in the third quarter worth about $94,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Southwest Gas in the fourth quarter worth about $99,000. 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.