The call highlighted strong financial performance with record net income and successful financial and operational strategies, including the Great Basin expansion and Centuri sell-downs. However, there were some regulatory challenges and increased interest expenses that need addressing.

Company Guidance

During the Southwest Gas Holdings Second Quarter 2025 Earnings Conference Call, key metrics were highlighted, emphasizing the company's progress and future guidance. Southwest Gas Holdings achieved a trailing 12-month return on equity (ROE) of 8.3%, with a record net income for the first half of 2025 and only modest increases in operations and maintenance (O&M) expenses. The company reaffirmed its full-year net income guidance of $265 million to $275 million and projected robust capital spending driven by safety, reliability, and economic activity. Additionally, Southwest Gas Holdings reported a successful exit from Centuri, generating over $470 million in net proceeds, and emphasized investments in infrastructure with planned capital expenditures ranging from $1.2 billion to $1.6 billion for the Great Basin expansion project. The company also highlighted regulatory achievements, including a $600 million increase in authorized rate base in Arizona and legislative advancements in Nevada, positioning itself for continued growth and value delivery.

Record Net Income

Southwest Gas posted record net income for the first half of 2025 with modest increases in O&M expenses compared to the same period last year.

Great Basin Expansion Project

The Great Basin expansion project received interest for approximately 1.76 billion cubic feet of capacity, significantly higher than the existing capacity of 250,000 dekatherms per day, with potential capital expenditures ranging from $1.2 billion to $1.6 billion.

Centuri Sell-Downs

Successfully executed two secondary public offerings of Centuri shares, generating over $470 million in net proceeds to repay debt and strengthen the balance sheet.

Regulatory Advancements

Achieved constructive regulatory outcomes including a $600 million rate base increase in Arizona and the signing of SB 417 in Nevada for alternative ratemaking.

Southwest Gas (SWX) 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 >

SWX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.02 / -	0	―	―	―
Aug 06, 2025	2025 (Q2)	0.44 / -0.18	0.25	-172.00% (-0.43)
May 12, 2025	2025 (Q1)	1.46 / 1.58	1.22	29.51% (+0.36)
Feb 26, 2025	2024 (Q4)	1.12 / 1.28	1.01	26.73% (+0.27)
Nov 06, 2024	2024 (Q3)	0.16 / 0.00	0.04	―
Aug 06, 2024	2024 (Q2)	0.48 / 0.25	0.4	-37.50% (-0.15)
May 08, 2024	2024 (Q1)	1.42 / 1.22	0.67	82.09% (+0.55)
Feb 28, 2024	2023 (Q4)	0.97 / 1.01	-4.18	124.16% (+5.19)
Nov 08, 2023	2023 (Q3)	0.02 / 0.04	-0.18	122.22% (+0.22)
Aug 09, 2023	2023 (Q2)	0.34 / 0.40	-0.1	500.00% (+0.50)

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

SWX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$78.94	$77.61	-1.68%
May 12, 2025	$74.40	$68.62	-7.77%
Feb 26, 2025	$75.98	$74.09	-2.49%
Nov 06, 2024	$71.23	$71.25	+0.03%

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. (SWX) report earnings?

Southwest Gas Corp. (SWX) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Southwest Gas Corp. (SWX) earnings time?

Southwest Gas Corp. (SWX) earnings time is at Nov 05, 2025, 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 SWX EPS forecast?

SWX EPS forecast for the fiscal quarter 2025 (Q3) is 0.02.

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