# Southwest Gas (SWX) — Earnings

SWX · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/swx/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.58 |
| EPS estimate | $0.45 |
| EPS surprise | +28.63% |
| Revenue surprise | −13.95% |
| Revenue | $358.2M |
| Revenue estimate | $416.2M |
| Reported | Aug 5, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/92416/000169211526000112/swx-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/c0d47c4e-0bb1-c052-73bd-8c85eaad8955.html) |

Southwest Gas reported Q2 2026 results on August 5, 2026. Earnings per share of $0.58 beat the $0.45 estimate by 28.63%. Revenue of $358.2 million fell 13.95% short of the $416.2 million consensus. A year earlier, Q2 2025 was a loss of $0.18 per share on revenue of about $1.1 billion.

Revenue in the table runs at a much lower level from Q3 2025 onward, between $316.9 million and $585.1 million a quarter, against roughly $0.8 billion to $1.6 billion before. The data does not explain the shift, so comparisons across it are not like for like. The table shows five losing quarters, the deepest at −$4.18 per share in Q4 2022, and 2022 as a whole was a loss of $2.88 per share. Annual EPS then recovered to $2.12 in 2023, $2.75 in 2024 and $6.50 in 2025, lifted by Q3 2025 at $3.74 against a $0.05 estimate. Southwest Gas beat the EPS estimate in only 8 of the last 20 quarters.

Q3 results came out between November 5 and November 9 in each of the past five years. That points to early November 2026 for the next report, which will show where revenue settles.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 5, 2026 | $0.45 | $0.58 | 28.63% | $416.2M | $358.2M |
| Q1 2026 | May 5, 2026 | $2.02 | $1.91 | -5.44% | $695.5M | $585.1M |
| Q4 2025 | Feb 25, 2026 | $1.33 | $1.36 | 1.88% | $587.0M | $480.7M |
| Q3 2025 | Nov 5, 2025 | $0.05 | $3.74 | 7757.14% | $759.1M | $316.9M |
| Q2 2025 | Aug 6, 2025 | $0.39 | −$0.18 | -146.17% | $1.2B | $1.1B |
| Q1 2025 | May 12, 2025 | $1.46 | $1.58 | 8.23% | $1.5B | $1.3B |
| Q4 2024 | Feb 26, 2025 | $1.12 | $1.28 | 14.72% | $1.3B | $1.3B |
| Q3 2024 | Nov 6, 2024 | $0.16 | $0.00 | -100.00% | $1.1B | $1.1B |
| Q2 2024 | Aug 6, 2024 | $0.48 | $0.25 | -48.37% | $1.2B | $1.2B |
| Q1 2024 | May 8, 2024 | $1.42 | $1.22 | -13.93% | $1.4B | $1.6B |
| Q4 2023 | Feb 28, 2024 | $0.97 | $1.01 | 4.11% | $1.3B | $1.4B |
| Q3 2023 | Nov 8, 2023 | $0.02 | $0.04 | 64.61% | $1.1B | $1.2B |
| Q2 2023 | Aug 9, 2023 | $0.34 | $0.40 | 18.52% | $1.1B | $1.3B |
| Q1 2023 | May 9, 2023 | $1.42 | $0.67 | -52.84% | $1.3B | $1.6B |
| Q4 2022 | Feb 28, 2023 | $1.69 | −$4.18 | -346.96% | $1.2B | $1.4B |
| Q3 2022 | Nov 9, 2022 | $0.32 | −$0.18 | -156.46% | $1.1B | $1.1B |
| Q2 2022 | Aug 9, 2022 | $0.54 | −$0.10 | -118.52% | $1.0B | $1.1B |
| Q1 2022 | May 9, 2022 | $2.11 | $1.58 | -25.10% | $1.1B | $1.3B |
| Q4 2021 | Mar 1, 2022 | $1.57 | $1.15 | -26.59% | $1.0B | $1.1B |
| Q3 2021 | Nov 9, 2021 | $0.13 | −$0.19 | -244.05% | $836.4M | $888.7M |

## Frequently Asked Questions

### When did Southwest Gas (SWX) last report earnings?

Southwest Gas last reported on Aug 5, 2026, covering fiscal Q2 2026.

### Did SWX beat earnings estimates?

Yes. Southwest Gas reported EPS of $0.58 for Q2 2026 against a $0.45 estimate — a 28.63% beat.

### How much revenue did SWX report last quarter?

Southwest Gas reported $358.2M in revenue for Q2 2026, against a consensus estimate of $416.2M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).