Southwest Gas Holdings (SWX) reported second-quarter 2026 net income applicable to the company of $42.1 million, compared with a net loss of $40.2 million a year earlier. Consolidated operating revenue was $358.2 million, down from $396.3 million in the prior-year quarter, while net earnings per diluted share were $0.58.
The company reaffirmed its full-year 2026 guidance and cited progress on rate cases and the Great Basin 2028 Expansion Project, where binding commitments now total about 1 Bcf per day. Southwest Gas said the project is now estimated at about $2.3 billion of capital investment with potential annual incremental margin of about $270 million to $300 million after it enters service.
- Second-quarter net income applicable to Southwest Gas Holdings was $42.1 million.
- Second-quarter diluted EPS was $0.58, compared with a diluted loss per share of $0.56 a year earlier.
- Consolidated operating revenue was $358.2 million for the quarter.
- Six-month net income applicable to Southwest Gas Holdings was $180.5 million.
- The company reaffirmed 2026 EPS from continuing operations guidance of $4.17 to $4.32 per share.
- Southwest Gas ended the quarter with $270.5 million in cash and cash equivalents and nearly $1.0 billion in available liquidity.
- A California regulatory decision provided about $40 million of incremental annual revenue.
$SWX Hedge Fund Activity
We have seen 210 institutional investors add shares of $SWX stock to their portfolio, and 129 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ICAHN CARL C removed 6,032,604 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $524,233,287
- CORVEX MANAGEMENT LP removed 712,395 shares (-14.2%) from their portfolio in Q1 2026, for an estimated $61,907,125
- BALYASNY ASSET MANAGEMENT L.P. added 565,916 shares (+inf%) to their portfolio in Q1 2026, for an estimated $49,178,100
- AQR CAPITAL MANAGEMENT LLC added 559,710 shares (+92.6%) to their portfolio in Q1 2026, for an estimated $48,638,799
- POINT72 ASSET MANAGEMENT, L.P. added 514,794 shares (+inf%) to their portfolio in Q1 2026, for an estimated $44,735,598
- FMR LLC removed 487,958 shares (-8.6%) from their portfolio in Q1 2026, for an estimated $42,403,550
- BLACKROCK, INC. added 464,712 shares (+4.5%) to their portfolio in Q1 2026, for an estimated $40,383,472
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
