Southwest Gas (SZR) Earnings Dates, Call Summary & Reports

Q: What is the P/E ratio of Southwest Gas Corp. stock?

The P/E ratio of {name} is N/A.

Compare

0 Followers

Earnings Data

Report Date

May 12, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.74

Last Year’s EPS

1.35

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 4 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 25, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a predominantly positive outlook anchored by successful strategic simplification (Centuri sale), strong 2025 utility performance (19% EPS increase from continuing operations and 8.7% adjusted net income growth), upgraded credit ratings, ample liquidity, constructive regulatory developments in Arizona and Nevada, and a material growth runway driven by the Great Basin expansion (800 MMcf/d commitments; $215M–$245M incremental margin). Risks were acknowledged but largely framed as manageable: higher O&M, increased D&A and interest costs, near-term earnings moderation during project construction, regulatory/permitting/legal timing uncertainty, and a planned use of HoldCo cash that will reduce year-end HoldCo balances. Overall, highlights substantially outweigh lowlights, supporting a positive sentiment for the company’s transition to a pure regulated utility and its forward-looking growth plan.

Company Guidance

Management initiated 2026 adjusted EPS guidance of $4.17–$4.32 (versus a 2025 adjusted EPS base of $3.65) and targets 12%–14% adjusted EPS CAGR through 2030 (with front‑loaded 15%–17% growth through 2028–29), underpinned by a $1.25 billion 2026 capital plan ($925 million to distribution), a five‑year $6.3 billion capex program (73% Southwest Gas / 27% Great Basin), and a 5‑year rate base CAGR of 9.5%–11.5% from a ~ $6.7 billion 2025 base (utility run‑rate growth ~7% excluding Great Basin); the 2028 Great Basin expansion (subject to approvals) represents ~800 MMcf/d of committed capacity, an estimated ~$1.7 billion project cost and $215–$245 million of incremental annual margin when in service, with financing targeted at a 50/50 debt/equity mix. The plan assumes disciplined funding (~$325 million net Southwest Gas bond issuances in 2026), beginning consolidated cash of nearly $600 million and >$1.3 billion liquidity, no equity issuance expected in 2026 under the ATM, maintenance of BBB+ credit metrics with S&P‑adjusted FFO/debt ~19.7% (HoldCo) and 18.6% (utility) versus a 13% downgrade threshold (targeting >17% long‑term and >300 bps of cushion), and a 4% dividend increase to an annualized $2.58 in 2026.

Strategic Simplification and Balance Sheet Strengthening

Completed full disposition of Centuri (Sept 2025) generating a ~$260M net gain, enabling full repayment of holding company debt, leaving nearly $600M cash on hand and >$1.3B total liquidity; S&P upgraded Southwest Gas Holdings and Southwest Gas Corp. to BBB+ (stable).

Strong Underlying Utility Financial Performance

Adjusted EPS from continuing operations rose ~19% year-over-year from $3.07 in 2024 to $3.65 in 2025; Southwest Gas adjusted net income increased 8.7% to $283.9M (from $261.2M), driven by ~ $120M improvement in operating margin (including ~$95.2M rate relief and $11.5M customer growth).

2026 Guidance and Long-Term Growth Outlook

Initiated 2026 adjusted EPS guidance of $4.17–$4.32 and targets a 12%–14% adjusted EPS CAGR through 2030 (with front-loaded growth and an expected ~15%–17% EPS growth rate around 2028–2029).

Great Basin Expansion — Commercial Support

Great Basin open season secured nearly 800 MMcf/d of capacity commitments, supporting an estimated ~$1.7B project capex and expected incremental annual margin of ~$215M–$245M when placed in service (~late 2028); project remains on schedule with FERC prefiling approval.

Material Capital Plan and Rate Base Growth

Five-year capital plan of ~$6.3B (73% to Southwest Gas utility, 27% to Great Basin) with 2026 capex of ~$1.25B; projected 5-year rate base CAGR of ~9.5%–11.5% (utility run-rate ~7% CAGR excluding Great Basin).

Disciplined Financing and Credit Metrics

Plan targets balanced 50/50 debt-to-equity for Great Basin financing, expects ~$325M net utility bond issuance in 2026, no anticipated equity issuance in 2026 under current ATM; 2025 S&P-adjusted FFO-to-debt ~19.7% (HoldCo) and ~18.6% (Utility), both comfortably above 13% downgrade threshold.

Shareholder Returns

Board approved a 4% annual dividend increase to an annualized $2.58 per share beginning Q2 2026, with intent to sustain disciplined dividend growth as earnings and cash flow strengthen.

Regulatory Progress in Arizona and Nevada

Arizona rate case filed (requested revenue >$100M; proposed rate base ~$3.9B; requested ROE 10.25% +20bps fair value adjustment) with estimated residential bill impact ~$5/month; Nevada SB417 enables alternative ratemaking with rulemaking progressing and potential adjustments as early as 2028.

Executive Succession

CEO Karen Haller to retire after ~29 years with planned succession: Justin Brown named next CEO effective May 8, providing leadership continuity as company focuses on a fully regulated natural gas strategy.

Southwest Gas (DE:SZR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:SZR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 12, 2026	2026 (Q1)	1.74 / -	1.351	―	―	―
Feb 25, 2026	2025 (Q4)	1.14 / 1.22	1.095	11.72% (+0.13)
Nov 05, 2025	2025 (Q3)	0.04 / 3.20	0	―
Aug 06, 2025	2025 (Q2)	0.33 / -0.15	0.214	-172.00% (-0.37)
May 12, 2025	2025 (Q1)	1.25 / 1.35	1.044	29.51% (+0.31)
Feb 26, 2025	2024 (Q4)	0.95 / 1.09	0.864	26.73% (+0.23)
Nov 06, 2024	2024 (Q3)	0.14 / 0.00	0.034	―
Aug 06, 2024	2024 (Q2)	0.41 / 0.21	0.342	-37.50% (-0.13)
May 08, 2024	2024 (Q1)	1.21 / 1.04	0.573	82.09% (+0.47)
Feb 28, 2024	2023 (Q4)	0.83 / 0.86	-3.575	124.16% (+4.44)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:SZR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 25, 2026	€73.50	€69.50	-5.44%
Nov 05, 2025	€68.47	€66.99	-2.16%
Aug 06, 2025	€66.95	€65.98	-1.46%
May 12, 2025	€64.88	€62.94	-2.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Southwest Gas Corp. (DE:SZR) report earnings?

Southwest Gas Corp. (DE:SZR) is schdueled to report earning on May 12, 2026, After Close (Confirmed).

What is Southwest Gas Corp. (DE:SZR) earnings time?

Southwest Gas Corp. (DE:SZR) earnings time is at May 12, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Southwest Gas Corp. stock?

The P/E ratio of Southwest Gas is N/A.

What is DE:SZR EPS forecast?

DE:SZR EPS forecast for the fiscal quarter 2026 (Q1) is 1.74.