Filing Flows › Southwest Gas Holdings (SWX) › Guidance history
Southwest Gas Holdings (SWX) guidance history: what it guided and what it reported
Southwest Gas Holdings gave guidance in 14 earnings releases on file since Nov 8, 2023. Its releases raised guidance 4 times and lowered it 0 times.
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $138M (May 5, 2026) | — | to be reported | — |
| FY2024 | $233M–$243M (Aug 6, 2024) | — | — | — |
| FY2023 | $215M–$225M (Nov 8, 2023) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2030 | $6.3B (May 5, 2026) | — | to be reported | — |
| FY2025 | $880M (Nov 5, 2025) | $808M (GAAP) | not judged | — |
| FY2027 | $2.6B (Nov 5, 2025) | — | to be reported | — |
| FY2028 | $1.2B–$1.6B (Aug 6, 2025) → raised $2.3B (Aug 5, 2026) | — | to be reported | — |
| FY2023 | $720M–$740M (Nov 8, 2023) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $5.3M (Feb 26, 2025) | — | — | — |
| FY2024 | $1.7M (May 8, 2024) → raised $1.9M (Aug 6, 2024) → raised $2.2M (Nov 6, 2024) | — | — | — |
Depreciation & amortization
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $5.7M (Feb 26, 2025) | — | — | — |
| FY2024 | $6.0M (Aug 6, 2024) → raised $9.0M (Nov 6, 2024) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2023 | $299M (Nov 8, 2023) | — | — | — |
Adjusted EBITDA margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2023 | 9.5%–11.0% (Nov 8, 2023) | — | — | — |
The latest quarter
Southwest Gas Holdings, Q1 2026: revenue $585M (-22% year over year), operating margin 37.5%, net earnings $138M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
Questions
Does Southwest Gas Holdings beat its guidance?
Southwest Gas Holdings gave guidance in 14 earnings releases on file since Nov 8, 2023. Its releases raised guidance 4 times and lowered it 0 times.
How often does Southwest Gas Holdings raise guidance?
Its earnings releases raised guidance 4 times and lowered it 0 times since Nov 8, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.