MarketBeat
08 Nov 2026, 06:15 UTC · 6h ago
What Southwest Gas (SWX) Said on Its Q3 Earnings Call
Impact · against what's priced in
Southwest Gas provides a positive outlook driven by the Great Basin expansion's potential for $270-$300 million in incremental annual margin, much of which is currently excluded from long-term guidance. While current EPS guidance is reaffirmed, a potential revenue miss in the Arizona rate case presents a moderate headwind for 2027-2028 expectations.
- SWX+0.50
No priced-in read yet
- In context
The Great Basin expansion is expected to generate $270M-$300M in annual margin, with $600M in costs and associated margins not yet included in long-term guidance. This is offset by a reduction in the requested Arizona revenue increase to $91.3M, where staff recommendations are even lower at $53M-$58M.
