Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc.

SWX
Southwest Gas Holdings, Inc.US flagNew York Stock Exchange
88.48
USD
+1.38
- -
6.40BMarket Cap
2014 Y
2015 Y
2016 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
45.63
52.43
- -
51.83
52.91
58.28
57.52
58.91
62.23
75.66
35.81
34.45
26.89
34.64
Basic EPS, GAAP
3.04
2.94
- -
3.2
4.02
3.69
3.94
4.15
3.39
-3.1
2.13
2.77
6.09
6.43
Free Cash Flow per Basic Share
-1.09
1.36
- -
1.5
-5.27
-4.8
-8.07
-3.55
-10.22
-6.89
7.19
18.87
7.71
5.91
Dividend per Share
1.43
1.58
- -
1.76
1.91
2.03
2.14
2.24
2.34
2.45
2.47
2.47
2.47
2.47
Book Value per Share
14.78
15.92
- -
17.03
18.83
20.21
20.2
20.12
19.89
12.44
11.47
11.58
15.2
17.08
Tangible Book Value per Share
28.28
30.76
- -
31.73
33.9
39.95
41.43
44.56
23.15
37.08
37.08
51.2
54.74
56.6
Basic Weighted Avg Shares
46
47
47
47
48
49
54
56
59
66
71
72
72
72
Sales/Revenue/Turnover
2,122
2,464
- -
2,460
2,549
2,880
3,120
3,299
3,680
4,960
2,535
2,475
1,940
2,503
Operating Margin (%)
13.41
11.7
- -
12.82
13.46
12.41
11.92
12.82
10.04
8.68
14.37
16.42
24.82
20.7
Depreciation Expense
253
270
- -
289
251
249
303
332
371
470
295
303
331
337
Net Income, GAAP
141
138
- -
152
194
182
214
232
201
-203
151
199
440
464
Effective Tax Rate (%)
35.7
36.43
- -
33.89
25.13
25.35
20.55
21.58
16.06
- -
17.36
13.05
29.03
43.88
Profit Margin (%)
6.65
5.61
- -
6.18
7.61
6.33
6.86
7.04
5.46
-4.1
5.95
8.03
22.67
18.55
Working Capital
136
23
- -
-95
-159
-99
-220
-41
-1,497
285
196
-368
262
328
LT Debt
1,631
1,551
- -
1,550
1,799
2,107
2,300
2,732
4,116
4,403
4,610
3,504
3,433
3,434
Total Equity
1,506
1,608
- -
1,684
1,812
2,333
2,590
2,841
3,151
3,218
3,415
3,689
3,961
4,102
Return on Invested Capital (%)
6.05
5.68
- -
12.53
7.11
6.23
5.92
5.98
4.05
- -
3.34
4.24
4.43
3.51
Return on Capital (%)
8.59
7.76
- -
16.45
9.39
8.08
8.25
7.8
4.96
- -
4.67
6.53
12
10.74
Return on Common Equity (%)
21.66
19.27
- -
37.62
22.6
19.13
20.43
20.91
17.44
-20.41
18.54
24.19
45.61
43.49

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
75
75
LT Borrowings
3,507
3,433
3,434
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
72
72
72
Market Capitalization
5,645
5,774
6,280

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,243
1,192
1,058
Cash, Cash Equivalents & STI
779
577
485
Accounts Receivable, Net
111
171
169
Inventories
91
94
94
Total Current Liabilities
805
930
730
Payables & Accruals
261
360
239
ST Debt
- -
75
75
Deferred Revenue
67
67
68

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
6.91%
7.37%
Free Cash Flow
- -
14.6%
-58.98%
Net Income, GAAP
- -
-47.21%
121.22%
Sales/Revenue/Turnover
- -
-5.3%
-21.61%
Total Cash Common Dividend
- -
7.45%
0.5%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,581
1,182
359
1,270
2,475
2025
746
1,120
317
481
1,940
2026
585
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.22
0.26
- -
1.29
2.77
2025
1.58
-0.18
3.75
0.95
6.09
2026
1.91
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.62
0.62
0.62
0.62
2.47
2025
0.62
0.62
0.62
0.62
2.47
2026
0.62
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Karen S. Haller
Full Time Employees
11,122
Sector
Utilities
Industry
Regulated Gas
Address
8360 South Durango Drive Las Vegas NV United States of America 89193-8510
IPO Date
Jun 1, 1972
Business
Southwest Gas Holdings, Inc. (NYSE: SWX) operates as a holding company that, through its subsidiaries, purchases, distributes, and transports natural gas to over 2 million residential, commercial, and industrial customers in Arizona, Nevada, and California. The company conducts its activities primarily through the Natural Gas Distribution segment, which provides regulated tariff sales and transportation services via an extensive pipeline network; and the Utility Infrastructure Services segment, which offers installation, replacement, repair, maintenance of energy distribution systems, and gas construction works across North America. Founded in 1931 and headquartered in Las Vegas, Nevada, Southwest Gas Holdings serves fast-growing markets in the American Southwest, focusing on reliable energy delivery, infrastructure upgrades, and customer growth supported by ongoing capital investments. In recent developments, the company completed its full separation from former subsidiary Centuri Holdings, Inc. (NYSE: CTRI) in September 2025 through multiple follow-on offerings and private placements, generating approximately $1.62 billion in gross proceeds used to reduce debt by over $700 million and strengthen its balance sheet as a pure-play regulated natural gas utility. Additional 2025 changes include a $880 million capital expenditure plan for system improvements, pipe replacements, and a new LNG storage facility in Arizona; pending rate cases in Arizona, California, and Nevada expected to add up to $360 million in annual revenue; extension of credit facilities for enhanced liquidity; and the appointment of Justin S. Forsberg as Chief Financial Officer in November 2025.

Company News

APIChatGPT
  • Southwest Gas Gains From Regulated Structure & Strategic Investment

  • Why Is Southwest Gas (SWX) Down 5.6% Since Last Earnings Report?

  • 4 Gas Utility Stocks Positioned to Benefit Amid Industry Headwinds

  • Southwest Gas Foundation Kicks Off 60th Anniversary with 'Month of Giving' in June

  • Molly R. Carson and Leezie Kim Join Board of Directors for Southwest Gas Holdings

  • Southwest Gas Holdings, Inc. (SWX) Q1 2026 Earnings Call Transcript

  • Southwest Gas Q1 Earnings Beat Estimates, Revenues Decline Y/Y

  • Southwest Gas (SWX) Tops Q1 Earnings Estimates

  • Southwest Gas Holdings, Inc. Reports First Quarter 2026 Financial Results, Affirms Full-Year 2026 and Long-Term Guidance

  • Spire (SR) Reports Next Week: Wall Street Expects Earnings Growth

  • Southwest Gas Holdings, Inc. to Report First Quarter 2026 Results on May 5, 2026

  • Bayforest Capital Ltd Boosts Stake in Southwest Gas Corporation $SWX

  • Southwest Gas Holdings Declares Second Quarter 2026 Dividend

  • OGS vs. SWX: Which Gas Distributor Stock Delivers Better Returns?

  • Southwest Gas Corporation (NYSE:SWX) Short Interest Update

  • Why Is Southwest Gas (SWX) Down 2.1% Since Last Earnings Report?

  • Contributions From Rising Customer Base, Strategic Investments Aid SWX

  • Elo Mutual Pension Insurance Co Purchases New Shares in Southwest Gas Corporation $SWX

  • Brokerages Set Southwest Gas Corporation (NYSE:SWX) PT at $88.40

  • Southwest Gas Has a 14% Annual Growth Target Through 2030 Despite Earnings Miss