10-Q quarterly report · filed May 5, 2026

Southwest Gas Holdings, Inc. (SWX) Q1 2026 10-Q Quarterly Report

Short answer

Southwest Gas Holdings, Inc. (SWX) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $585M (down 54.9% year over year) with net income of $138M.

Q1 2026 key financials · XBRL

Revenue
$585M
−54.9% YoY
Net income
$138M
+21.5% YoY
Operating margin
37.5%
EPS (diluted)
$1.91
+20.9% YoY

Source: XBRL data from the Southwest Gas Holdings, Inc. (SWX) Q1 2026 10-Q on SEC EDGAR. USD.

Southwest Gas Holdings, Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $585.1M, down $161.3M YoY, reflecting lower net cost of gas sold
  • Operating margin $477.0M vs $461.8M YoY, up $15.1M from updated rates and customer growth
  • Natural Gas Distribution sole segment, contributing $137.8M net income vs $142.9M YoY
  • Cash $484.8M, nearly $1.2B available liquidity, with $186.3M year-to-date capital investment
  • Arizona and Nevada rate cases seek $101.0M and $71.3M annual revenue increases; Great Basin bids totaled 2.3 Bcf/day

Risk Factors

  • No material changes to 2025 Form 10-K risk factors as of March 31, 2026
  • No newly added risk factor during the quarter
  • No material regulatory, legal, or compliance risk changes disclosed
  • No specific operational, competitive, market, liquidity, debt, currency, or concentration updates disclosed

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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