Southwest Gas Books ~$80M Rate Gains as $2.3B Pipeline Advances
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LAS VEGAS – November 04, 2026 -- Southwest Gas Holdings (NYSE: SWX) closed Nevada and California rate cases worth about $80 million in combined annual revenue increases, and its utility delivered an 8.0% return on equity for the twelve months ended September 30, 2026.
Nevada and California decisions add $80.6 million in annual revenue
Nevada regulators granted nearly $48 million of incremental annual revenue, with rates effective in October 2026. The decision keeps the 9.5% authorized return on equity and sets a 51.35% equity / 48.65% debt capital structure. Southwest Gas has petitioned for reconsideration on approximately $50 million of Certification Plant that was deferred to a future proceeding.