Southwest Gas Q3 Earnings Miss Estimates, Revenues Decrease Y/Y

Core Insights - Southwest Gas Holdings Inc. (SWX) reported third-quarter 2025 operating earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents by 33.3% and down from 9 cents in the same quarter last year [1] Group 1: Financial Performance - Total operating revenues were $0.32 billion, falling short of the Zacks Consensus Estimate of $0.37 billion by 14.5% and down 70.6% from $1.08 billion in the prior-year quarter [2] - Operating income increased to $37 million, up 83.9% from $20.1 million in the year-ago quarter [3] - Cash and cash equivalents as of September 30, 2025, were $778.6 million, compared to $314.8 million as of December 31, 2024 [4] - Net cash provided by operating activities in the first nine months of 2025 was $0.47 billion, down from $1.15 billion in the year-ago period [4] Group 2: Operational Metrics - Operations and maintenance expenses totaled $134.8 million, up 3% from $130.9 million in the year-ago quarter [3] - Total system throughput for the first nine months of 2025 was 159.81 million dekatherms, a decrease of 4.1% from 166.63 million dekatherms reported in the first nine months of 2024 [3] Group 3: Future Guidance - The company anticipates net income for the Natural Gas Distribution segment in 2025 to be in the range of $265-$275 million [5] - Capital expenditures are expected to be $880 million for 2025, with a total of $4.3 billion projected for the 2025-2029 period [5] Group 4: Market Position - Southwest Gas currently holds a Zacks Rank 2 (Buy) [6]