Recent Updates — SWX

Randall P. Gabe, Senior Vice President and Chief Administrative Officer of Southwest Gas Corporation, announced his intention to retire effective on or before June 1, 2027, following 30 years of service. He will transition to a new role as Senior Vice President/Business Development, supporting the 2028 Great Basin Expansion project and overseeing the Emerging Technology and Innovation team until his departure. The company stated that Mr. Gabe's decision was not due to any disagreements regarding operations or policies. Southwest Gas Holdings operates regulated natural gas distribution utilities.

Southwest Gas Holdings reported second quarter and six-month financial results for the period ended June 30, 2026. Consolidated diluted earnings per share from continuing operations were $0.58 for the quarter and $2.49 for the first half of the year, compared to a loss of $0.01 and income of $1.85 in the prior-year periods, respectively. The company reaffirmed its 2026 earnings per share guidance range of $4.17 to $4.32 and capital expenditure estimates of approximately $1.25 billion. Management highlighted a constructive California regulatory outcome providing roughly $40 million in incremental annual revenue and secured binding commitments for the Great Basin 2028 Expansion Project, which now totals approximately 1 billion cubic feet per day of contracted demand with an estimated capital investment of $2.3 billion. Southwest Gas Holdings operates as a natural gas distribution utility serving customers across Arizona, Nevada, and California.