Southwest Gas (SWX) Earnings Call Transcript

Southwest Gas Holdings reported Q2 2026 results driven by lower HoldCo interest expense after debt repayment and improved Nevada regulatory outcomes. It received Nevada Triennial Resource Plan approval for $186 million of infrastructure investment and raised the Great Basin 2028 Expansion Project estimate to $2.3 billion, targeting $270 million to $300 million in incremental annual margin.

Southwest Gas Holdings (SWX) reported Q2 net income of $42.1 million, versus a $40.2 million net loss in Q2 2025. EPS was $0.58 versus a loss of $0.56. Adjusted net income from continuing operations rose to $32.40 million, and adjusted EPS from continuing operations was $0.45. Regulated revenues were $358.2 million. The company reaffirmed its 2026 and long-term EPS guidance.

Southwest Gas Holdings, Inc. (SWX) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99 2 swx63026-earningsrelease.htm JUNE 2026 EARNINGS RELEASE Document Southwest Gas Holdings, Inc. Reports Second Quarter 2026 Financial Results, Reaffirms Full-Year 2026 Guidance Delivered 8.1% T welve-month-ended Utility ROE Great Basin Demand Raises 2028 Expansion Project C

Bloomberg reported the US Army plans to buy at least $400 million of AeroVironment counter-drone laser systems, citing a person familiar with the deal. The order would include dozens of LOCUST units that use AI to detect and track small to medium drones and then engage them with a high-energy laser. AeroVironment’s stock rose about 8% on Friday.

Rocket Lab (RKLB) said it won a $397 million U.S. Space Force contract to develop, launch, and operate multiple Flatellites for the SB-AMTI program. Flatellites are slimmer, stackable satellites intended to increase deployments per launch and integrate with Rocket Lab’s Neutron rocket. The article cites analyst forecasts for revenue rising from $602M (2025) to $1.7B (2028).

Diversified Energy (LSE:DEC, NYSE:DEC) said it will shift from acquisition-led growth to drilling its own wells, launching a one-rig operated development programme in Oklahoma in 2H, spending $35m to $50m. It expects drilling to materially affect 2027 production. Q2 adjusted EBITDA fell 14% to $240m; guidance calls for $960m-$1.01b adjusted earnings and ~$440m free cash flow.