Southwest Gas stock: JPMorgan cuts Southwest Gas stock target to USD 101.00

Published on 10/24/2026 at 04:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 9.60 percent to USD 358.15 million. The November 4, 2026 results date gives Southwest Gas stock a new test.

Analyst target and reporting dates

JPMorgan lowered its Southwest Gas target from USD 102.00 to USD 101.00 on October 20, 2026.
Second-quarter revenue fell 9.60 percent to USD 358.15 million.
Southwest Gas will release third-quarter results on November 4, 2026, with a USD 0.645 dividend payable on December 1, 2026.

SWX, US8448951025, Illustration mit AI erstellt.

Southwest Gas Holdings, Inc. (ISIN US8448951025) faces a lower JPMorgan price target after the bank cut its view from USD 102.00 to USD 101.00 on October 20, 2026, while retaining an Overweight rating, MarketBeat reported. The revision makes the upcoming earnings release the next concrete test for the regulated gas utility.

Target cut meets weaker revenue

The latest reported quarter ended June 30, 2026. Revenue fell 9.60 percent year over year to USD 358.15 million, while net income reached USD 42.12 million and diluted earnings per share came to USD 0.58, according to GreekSoup. The revenue decline contrasts with the company setting fiscal-year 2026 earnings-per-share guidance at USD 4.17 to USD 4.32, as reported by MarketBeat.

What will the next report show?

Stockwatch reported that Southwest Gas will publish third-quarter 2026 results before the market opens on November 4, 2026, followed by an earnings call at 11:00 a.m. ET. The date gives investors a defined checkpoint for the gap between weaker revenue and the full-year earnings outlook.

Three dates shape the next steps

The recent sequence began with the company declaring a fourth-quarter cash dividend of USD 0.645 per share on October 14, 2026, according to PR Newswire. JPMorgan's target reduction followed on October 20, 2026, and the November 4 results announcement came on October 22, 2026. The dividend is payable on December 1, 2026, to shareholders of record on November 16, 2026.

Southwest Gas serves regulated markets

Southwest Gas purchases, distributes and transports natural gas for customers in Arizona, Nevada and California. Its operating profile links earnings to regulated rates, customer demand and infrastructure spending, while the next report will show whether the second-quarter revenue pressure continued into the third quarter.