YOLFTbeta
Southwest Gas Holdings Inc

Southwest Gas Holdings Inc

SWX · NYSE · Utilities / Utilities - Regulated Gas

93.66USD+0.58 (+0.62%)

Price History

Full chart

Market Stats

Previous Close93.08
Open93.60
Day Range93.35 – 94.39
52-Week Range74.55 – 93.81
Volume417.40K
Market Cap5.97B
P/E (TTM)21.19
Forward P/E17.42
EPS3.89
Dividend Yield3.13%
Beta0.56
50-Day Avg89.54
200-Day Avg87.53

About

Southwest Gas Holdings, Inc., through its subsidiary, Southwest Gas Corporation, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California in the United States. The company offers tariff sales and transportation services. It also operates a pipeline transmission system, including an LNG storage facility. As of December 31, 2025, the company served approximately 2,281,000 customers with 1,224,000 in Arizona, 849,000 in Nevada, and 208,000 in California. Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Nevada.

Company Details

  • SectorUtilities
  • IndustryUtilities - Regulated Gas
  • CEOMr. Justin Lee Brown
  • Employees2.45K
  • Headquarters8360 S. Durango Dr., Las Vegas, NV, United States, 89113, USA
  • Websitehttps://www.swgasholdings.com

Leadership

  • Mr. Justin Lee BrownPresident CEO & Director · b. 1973
  • Mr. Justin S. ForsbergCFO, Treasurer & Senior VP
  • Ms. Catherine M. MazzeoSenior VP, Chief Legal, Safety & Compliance Officer and Corporate Secretary · b. 1977
  • Ms. Karen S. HallerAdvisor · b. 1964
  • Mr. Fabio A. PinedaVP, Controller & Chief Accounting Officer · b. 1982
  • Mr. Tyler FranekManager of Investor Relations

Financials

Income Statement

Currency: USD1987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-09-302016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue468.60M801.50M844.60M863.20M794.80M718.50M539.10M609.80M563.50M644.10M732.00M917.30M936.90M1.03B1.40B1.32B1.23B1.48B1.71B2.02B2.15B2.14B1.89B1.83B1.89B1.93B1.95B2.12B2.46B2.50B2.46B2.55B2.88B3.12B3.30B3.68B4.96B5.43B5.11B1.94B
Growth (%)-+71.04%+5.38%+2.20%-7.92%-9.60%-24.97%+13.11%-7.59%+14.30%+13.65%+25.31%+2.14%+10.37%+35.06%-5.43%-6.81%+19.99%+16.06%+18.11%+6.29%-0.34%-11.70%-3.35%+3.10%+2.15%+1.19%+8.76%+16.12%+1.65%-1.75%+3.59%+13.00%+8.33%+5.74%+11.57%+34.77%+9.56%-5.92%-62.05%
Cost of Revenue-------249.90M227.50M187.60M209.30M329.80M330.00M394.71M677.55M563.38M959.46M1.16B1.40B1.65B1.75B1.74B1.11B1.01B1.04B1.39B1.39B1.54B1.86B-1.82B1.92B2.21B2.38B2.48B2.86B3.97B4.41B4.10B1.37B
Gross Profit468.60M801.50M844.60M863.20M794.80M718.50M539.10M359.90M336.00M456.50M522.70M587.50M606.90M639.38M719.14M757.53M1.23B1.48B1.71B2.02B2.15B2.14B784.73M816.39M850.00M536.67M556.58M584.76M607.84M-637.22M632.60M666.54M737.38M818.49M820.93M994.87M1.02B1.01B567.96M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%59.02%59.63%70.87%71.41%64.05%64.78%61.83%51.49%57.35%100.00%100.00%100.00%100.00%100.00%100.00%41.44%44.60%45.04%27.84%28.53%27.56%24.67%-25.90%24.82%23.14%23.63%24.81%22.31%20.06%18.76%19.78%29.27%
Operating Expense0000000308.40M277.70M385.00M420.50M433.30M475.60M510.75M585.16M611.03M1.10B1.31B1.56B1.82B1.93B1.94B576.34M584.27M599.92M265.15M282.37M300.28M319.50M-341.51M308.90M309.11M365.56M395.49M451.38M1.02B600.89M527.40M94.07M
Operating Income468.60M801.50M844.60M863.20M794.80M718.50M539.10M51.50M58.30M71.50M102.20M154.20M131.30M128.63M133.98M146.50M135.10M169.77M150.65M209.18M220.59M207.86M208.39M232.12M250.08M271.52M274.21M284.48M288.33M2.50B295.71M323.70M357.43M371.81M423.00M369.55M-24.40M418.33M483.77M473.89M
Operating Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%8.45%10.35%11.10%13.96%16.81%14.01%12.44%9.59%11.09%10.98%11.49%8.79%10.33%10.25%9.69%11.00%12.68%13.25%14.08%14.06%13.41%11.70%100.00%12.02%12.70%12.41%11.92%12.82%10.04%-0.49%7.70%9.46%24.42%
EBITDA39.70M41.20M42.70M37.20M-14.20M17.70M15.40M146.10M58.30M71.50M732.00M917.30M131.30M235.27M252.43M276.71M271.54M312.03M298.79M363.99M396.46M414.99M405.12M426.43M445.14M499.36M515.03M542.51M558.44M-584.85M577.25M592.49M685.13M748.24M737.09M439.87M930.54M976.78M864.68M
EBITDA Margin8.47%5.14%5.06%4.31%-1.79%2.46%2.86%23.96%10.35%11.10%100.00%100.00%14.01%22.75%18.07%20.95%22.06%21.13%17.43%17.98%18.42%19.35%21.39%23.30%23.59%25.90%26.40%25.57%22.67%-23.77%22.65%20.57%21.96%22.68%20.03%8.87%17.12%19.11%44.56%
Net Income39.70M41.20M42.70M37.20M-14.20M17.70M15.40M26.30M-14.80M6.60M16.50M47.50M39.30M38.31M37.16M43.97M38.50M56.77M43.82M83.86M83.25M60.97M87.48M103.88M112.29M133.33M145.32M141.13M138.32M152.98M152.04M193.84M182.28M213.94M232.32M200.78M-203.29M150.89M198.81M439.83M
Net Income Margin8.47%5.14%5.06%4.31%-1.79%2.46%2.86%4.31%-2.63%1.02%2.25%5.18%4.19%3.70%2.66%3.33%3.13%3.84%2.56%4.14%3.87%2.84%4.62%5.68%5.95%6.92%7.45%6.65%5.61%6.11%6.18%7.61%6.33%6.86%7.04%5.46%-4.10%2.78%3.89%22.67%
R&D------------------------------000-------
R&D as % of Total Revenue------------------------------0.00%0.00%0.00%-------
Interest Expense0000000117.10M54.30M60.40M80.80M68.80M70.40M76.15M80.73M79.97M79.79M86.51M90.33M94.98M96.20M92.65M83.00M77.59M69.60M68.02M63.70M72.07M71.88M073.66M78.06M96.67M109.23M111.48M119.20M242.75M292.29M297.04M203.08M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%19.20%9.64%9.38%11.04%7.50%7.51%7.36%5.78%6.05%6.48%5.86%5.27%4.69%4.47%4.32%4.38%4.24%3.69%3.53%3.27%3.40%2.92%0.00%2.99%3.06%3.36%3.50%3.38%3.24%4.89%5.38%5.81%10.47%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--------3.09B1.53B1.56B1.77B1.83B1.92B2.23B2.37B2.38B2.61B2.94B3.23B3.48B3.67B3.82B3.91B3.98B4.28B4.49B4.57B5.21B5.36B5.58B6.24B7.36B8.17B8.74B12.77B13.20B11.87B12.02B10.43B
Total Liabilities--------2.75B1.12B1.12B1.32B1.29B1.36B1.64B1.75B1.72B1.98B2.23B2.48B2.58B2.69B2.78B2.80B2.82B3.05B3.18B3.15B3.71B3.75B3.90B4.42B5.02B5.58B5.90B9.61B9.98B8.46B8.33B6.47B
Total Equity--------343.10M356.10M379.60M386.00M476.40M505.40M533.47M561.20M596.17M630.47M705.68M751.13M901.42M983.67M1.04B1.10B1.17B1.23B1.31B1.41B1.49B1.59B1.66B1.81B2.25B2.59B2.67B2.95B3.22B3.31B3.50B3.96B
Cash--------130.00M11.20M8.30M17.60M18.50M17.10M19.95M32.49M19.39M17.18M13.64M29.60M18.79M31.99M26.40M65.31M116.10M21.94M25.53M41.08M39.57M36.00M28.07M43.62M85.36M49.54M83.35M222.70M123.08M106.54M363.79M576.64M
Total Debt--------1.16B764.90M792.90M926.30M870.20M928.20M1.04B1.20B1.15B1.28B1.39B1.43B1.41B1.41B1.35B1.27B1.20B1.25B1.32B1.39B1.66B1.59B1.60B2.04B2.29B2.68B2.88B6.32B6.02B5.28B5.06B3.51B
Net Debt--------1.03B753.70M784.60M908.70M851.70M911.10M1.02B1.16B1.13B1.26B1.38B1.40B1.40B1.38B1.32B1.21B1.08B1.23B1.29B1.35B1.62B1.55B1.57B1.99B2.21B2.63B2.80B6.10B5.87B5.17B4.69B2.93B

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-09-302016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow112.90M97.80M52.20M56.40M203.50M178.60M125.31M122.75M298.47M207.78M151.49M237.62M281.35M347.81M299.75M405.80M370.99M252.04M386.32M346.21M346.42M547.15M-598.39M369.95M528.86M500.37M626.08M111.38M407.46M509.21M1.36B556.08M
Investing Cash Flow-245.70M-163.70M-49.30M-170.90M-190.30M-226.00M-219.32M-261.26M-258.87M-258.89M-296.58M-292.38M-312.13M-331.94M-253.21M-264.92M-203.01M-358.80M-373.99M-348.04M-555.59M-469.82M--525.59M-700.88M-999.48M-951.63M-802.07M-3.04B-838.90M150.97M-921.57M-24.81M
Financing Cash Flow141.40M71.10M-5.80M123.80M-12.30M46.00M96.84M151.04M-52.70M48.90M141.55M70.72M19.95M-2.67M-52.13M-101.97M-117.21M12.60M-8.74M17.38M207.51M-79.49M--80.53M346.19M512.57M415.28M209.57M3.06B356.48M-700.79M-176.34M-318.28M
Capital Expenditure144.60M166.20M218.80M169.60M194.60M229.50M223.24M265.58M282.85M240.67M302.69M294.37M345.32M340.88M300.22M216.99M215.44M380.99M395.71M364.28M396.90M488.00M0529.53M623.65M765.91M938.15M825.11M715.63M859.42M872.52M945.92M807.87M
Free Cash Flow-31.70M-68.40M-166.60M-113.20M8.90M-50.90M-97.93M-142.83M15.62M-32.90M-151.20M-56.74M-63.97M6.94M-469.00K188.82M155.55M-128.95M-9.39M-18.07M-50.48M59.15M-68.86M-253.69M-237.06M-437.78M-199.03M-604.24M-451.96M-363.31M409.86M-251.79M
Dividends Paid17.40M19.60M21.30M22.20M23.70M25.20M25.71M26.32M27.01M27.68M28.84M31.23M33.50M36.27M38.70M41.95M44.85M47.93M53.04M59.53M66.28M74.25M-83.32M92.13M100.24M116.13M125.50M138.22M160.56M174.57M177.77M178.51M
FCF to OCF-28.08%-69.94%-319.16%-200.71%4.37%-28.50%-78.15%-116.35%5.23%-15.83%-99.81%-23.88%-22.74%1.99%-0.16%46.53%41.93%-51.16%-2.43%-5.22%-14.57%10.81%-11.51%-68.57%-44.82%-87.49%-31.79%-542.49%-110.92%-71.35%30.23%-45.28%
Dividend Paid to FCF-54.89%-28.65%-12.79%-19.61%266.29%-49.51%-26.26%-18.43%172.88%-84.16%-19.07%-55.03%-52.37%522.94%-8252.67%22.22%28.83%-37.17%-564.98%-329.52%-131.30%125.53%-121.00%-36.32%-42.29%-26.53%-63.06%-22.88%-35.53%-48.05%43.37%-70.90%

Earnings

Report DateMay 2, 1996Aug 12, 1996Nov 6, 1996Feb 11, 1997Apr 30, 1997Aug 7, 1997Nov 4, 1997Feb 10, 1998Apr 29, 1998Jul 27, 1998Oct 29, 1998Feb 10, 1999May 4, 1999Aug 10, 1999Oct 28, 1999Feb 22, 2000Apr 27, 2000Aug 3, 2000Nov 1, 2000Feb 26, 2001Apr 26, 2001Aug 1, 2001Nov 1, 2001Feb 19, 2002Apr 25, 2002Aug 12, 2002Oct 30, 2002Feb 18, 2003Apr 29, 2003Jul 30, 2003Oct 29, 2003Feb 17, 2004Apr 28, 2004Jul 29, 2004Oct 28, 2004Mar 14, 2005Apr 28, 2005Aug 9, 2005Nov 2, 2005Mar 8, 2006May 2, 2006Aug 9, 2006Nov 2, 2006Feb 27, 2007Apr 27, 2007Aug 6, 2007Nov 6, 2007Feb 27, 2008May 2, 2008Aug 6, 2008Nov 5, 2008Feb 26, 2009May 1, 2009Aug 4, 2009Nov 5, 2009Feb 25, 2010May 5, 2010Aug 9, 2010Nov 8, 2010Feb 28, 2011May 4, 2011Aug 8, 2011Nov 7, 2011Feb 28, 2012May 4, 2012Aug 7, 2012Nov 6, 2012Feb 26, 2013May 3, 2013Aug 7, 2013Nov 6, 2013Feb 26, 2014May 6, 2014Aug 5, 2014Nov 5, 2014Feb 26, 2015May 5, 2015Aug 6, 2015Nov 4, 2015Feb 24, 2016May 9, 2016Aug 8, 2016Nov 7, 2016Feb 27, 2017May 8, 2017Aug 7, 2017Nov 7, 2017Feb 27, 2018May 7, 2018Aug 7, 2018Nov 6, 2018Feb 27, 2019May 7, 2019Aug 6, 2019Nov 6, 2019Feb 26, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Feb 25, 2021May 6, 2021Aug 5, 2021Nov 9, 2021Mar 1, 2022May 9, 2022Aug 9, 2022Nov 9, 2022Feb 28, 2023May 9, 2023Aug 9, 2023Nov 8, 2023Feb 28, 2024May 8, 2024Aug 6, 2024Nov 6, 2024Feb 26, 2025May 12, 2025Aug 6, 2025Nov 5, 2025Feb 25, 2026May 5, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.75-0.41-0.521.060.87-0.40-0.490.851.16-0.38-0.430.820.98-0.37-0.440.950.85-0.23-0.450.980.84-0.29-0.421.031.05-0.34-0.441.070.75-0.29-0.390.991.17-0.15-0.481.071.17-0.21-0.500.981.03--0.331.161.240.09-0.201.081.20-0.03-0.211.011.27-0.03-0.331.081.32-0.02-0.251.001.38-0.05-0.201.001.590.09-0.181.201.640.06-0.101.241.680.20-0.091.221.600.210.041.331.620.180.011.351.660.270.131.501.600.330.161.531.610.500.251.491.560.400.211.611.810.580.221.572.160.610.341.581.530.360.031.121.420.480.161.231.490.470.091.392.070.470.17
EPS Actual0.60-0.46-0.550.690.80-0.47-0.581.011.30-0.09-0.380.820.93-0.12-0.460.930.80-0.31-0.311.021.05-0.35-0.510.951.32-0.35-0.491.130.76-0.12-0.511.001.18-0.24-0.461.110.88-0.07-0.430.921.110.02-0.261.111.17-0.01-0.221.001.14-0.06-0.380.711.12-0.01-0.181.021.42-0.02-0.280.981.480.09-0.191.191.70-0.08-0.091.321.730.22-0.061.131.510.210.041.251.500.10-0.021.341.650.140.051.361.390.350.181.591.640.410.181.361.910.350.101.541.310.510.261.821.980.380.051.151.740.23-0.051.161.690.470.101.131.370.310.091.391.650.530.061.361.910.45-
Surprise-20.00%-12.20%-5.77%-34.91%-8.05%-17.50%-18.37%18.82%12.07%76.32%11.63%0.00%-5.10%67.57%-4.55%-2.11%-5.88%-34.78%31.11%4.08%25.00%-20.69%-21.43%-7.77%25.71%-2.94%-11.36%5.61%1.33%58.62%-30.77%1.01%0.85%-60.00%4.17%3.74%-24.79%66.67%14.00%-6.12%7.77%-21.21%-4.31%-5.65%-111.11%-10.00%-7.41%-5.00%-100.00%-80.95%-29.70%-11.81%66.67%45.45%-5.56%7.58%0.00%-12.00%-2.00%7.25%280.00%5.00%19.00%6.92%-188.89%50.00%10.00%5.49%266.67%40.00%-8.87%-10.12%5.00%144.44%2.46%-6.25%-52.38%-150.00%0.75%1.85%-22.22%400.00%0.74%-16.27%29.63%38.46%6.00%2.50%24.24%12.50%-11.11%18.63%-30.00%-60.00%3.36%-16.03%27.50%23.81%13.04%9.39%-34.48%-77.27%-26.75%-19.44%-62.30%-114.71%-26.58%10.46%30.56%233.33%0.89%-3.52%-35.42%-43.75%13.45%10.74%12.77%-33.33%-2.16%-7.73%-4.26%-
Timing----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-----------After-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hours-After-hoursPre-marketAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursPre-marketAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-Pre-marketPre-marketPre-market-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hours-After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap5.97B
Enterprise Value9.29B
Trailing P/E21.19
Forward P/E17.42
PEG Ratio1.86
Price / Sales3.43
Price / Book1.47
EPS3.89
Book Value56.95
Revenue (TTM)1.74B
Gross Profit (TTM)940.71M
EBITDA858.02M
Profit Margin31.40%
Operating Margin24.16%
Return on Equity6.83%
Return on Assets2.82%
Shares Outstanding72.45M
Shares Float71.96M
Beta0.56
Dividend Yield3.13%
Dividend Rate2.58
Payout Ratio66.93%

Analyst Ratings

Buy
Based on 8 analystsTarget 102.71
  • Strong Buy
    3
  • Hold
    4
  • Sell
    1

Ownership Breakdown

Institutions
95.29%
Insiders
0.61%
Retail / Other
4.10%

Top Institutional Holders

  • BlackRock Inc
    10.75M14.83%
  • FMR Inc
    5.16M7.13%
  • Corvex Management LP
    4.32M5.96%
  • Vanguard Portfolio Management, LLC
    3.86M5.32%
  • Vanguard Capital Management, LLC
    3.01M4.15%
  • State Street Corp
    2.42M3.34%
  • Maverick Capital Ltd
    2.13M2.94%
  • Geode Capital Management, LLC
    1.71M2.36%
  • Adage Capital Partners Gp LLC
    1.35M1.87%
  • AQR Capital Management LLC
    1.16M1.61%
  • Channing Capital Management, LLC
    1.07M1.48%
  • Dimensional Fund Advisors, Inc.
    1.06M1.46%
  • T. Rowe Price Investment Management,Inc.
    1.03M1.43%
  • Principal Financial Group Inc
    985.86K1.36%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    2.26M3.11%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.19M3.02%
  • iShares Russell 2000 ETF
    1.90M2.62%
  • Vanguard Small Cap Index
    1.58M2.18%
  • iShares Select Dividend ETF
    1.26M1.73%
  • Vanguard MStar Small Cap Value Index
    1.00M1.39%

Dividends

20263×
0.65Aug 17, 20260.65May 15, 20260.62Feb 17, 2026
20254×
0.62Nov 17, 20250.62Aug 15, 20250.62May 15, 20250.62Feb 18, 2025
20244×
0.62Nov 15, 20240.62Aug 15, 20240.62May 14, 20240.62Feb 14, 2024
20234×
0.62Nov 14, 20230.62Aug 14, 20230.62May 12, 20230.62Feb 14, 2023
20224×
0.62Nov 14, 20220.62Aug 12, 20220.62May 13, 20220.59Feb 14, 2022
20214×
0.59Nov 12, 20210.59Aug 13, 20210.59May 14, 20210.57Feb 12, 2021
20201×
0.57Nov 13, 2020