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Home CompaniesSouthwest Gas Holdings Inc

Southwest Gas Holdings Inc

Utilities Utilities - Regulated Gas
PortfolioPortfolio WatchlistWatchlist
Company price
93.41 USD 0.74 ( 0.80%)
Last update at 2026-11-12T15:35:00Z
VOLUME
18672
Market Cap
6289.75M
P/E
22.20

Momentum Score

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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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
92.38
Low
94.41
High
52 Week Price Range
74.55
Low
93.81
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Southwest Gas Holdings Inc operates a regulated natural gas distribution utility serving customers in Nevada, Arizona and parts of California. Long-term growth drivers include population growth, infrastructure replacement and approved rate-base investments, while system modernization and cleaner-gas initiatives could support earnings; investors may value the company's regulated cash flows and dividend profile.
Material risks include adverse regulatory decisions and rate-case outcomes, demand declines from weather variability and electrification, large capital spending with financing exposure, and operational or safety incidents that could generate liabilities.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
92.67
Dividend Yield
2.90%
Revenue TTM
1740.92M
Revenue Per Share
24.05
Gross Profit TTM
940.71M
Debt / Equity
0.89
ROE
6.83%
Net Debt
2931.37M
ROCE
5.62%
Diluted EPS TTM
3.91

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 330.87M 241.30M 197.35M -273.34M 246.85M
Minority interest 4.65M -6.02M -6.91M -5.61M 6.42M
Net income 439.83M 198.81M 150.89M -1622.48M 200.78M
Selling general administrative 7.67M 0.08M 0.15M 0.26M 0.01M
Gross profit 567.96M 1011.18M 1019.22M 994.87M 820.93M
Reconciled depreciation 330.72M 438.44M 452.61M 263.04M 371.04M
Ebit 533.95M 538.34M 489.63M 1145.85M 1090.88M
Ebitda 864.68M 976.78M 930.54M 1408.90M 1344.28M
Depreciation and amortization 330.72M 438.44M 440.91M 263.04M 253.40M
Non operating income net other - - - - -3.50M
Operating income 473.89M 483.77M 418.33M 1145.85M 1090.88M
Other operating expenses 1466.49M 4628.67M 5015.64M 4529.24M 3310.91M
Interest expense 203.08M 297.04M 292.29M 242.75M 119.20M
Tax provision 96.04M 36.46M -61.78M -75.65M 39.65M
Interest income 20.94M 33.58M 46.06M 228.36M 105.08M
Net interest income -182.14M -263.46M -249.42M -226.57M -114.08M
Extraordinary items 204.99M -22.16M 10.89M - -
Income tax expense 96.04M 36.46M 41.83M 1349.14M 39.65M
Total revenue 1940.38M 5112.44M 5433.97M 4960.01M 3680.45M
Total operating expenses 94.07M 527.40M 600.89M 564.10M 451.39M
Cost of revenue 1372.42M 4101.27M 4414.75M 3965.14M 2859.52M
Total other income expense net -143.01M -242.47M -220.98M -1419.19M -844.03M
Net income from continuing ops 234.84M 204.84M -195.66M -203.29M 207.20M
Net income applicable to common shares 439.83M 198.81M 150.89M -203.29M 200.78M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 10429.48M 12023.84M 11869.90M 13196.61M 12765.26M
Intangible assets - 340.90M 369.05M 395.25M 426.50M
Other current assets 234.60M 279.05M 793.09M 433.85M 292.08M
Total liab 6468.36M 8334.75M 8455.19M 9978.51M 9614.72M
Total stockholder equity 3961.12M 3504.19M 3310.04M 3058.76M 2953.82M
Deferred long term liab - - - 395.95M 458.54M
Other current liab 561.92M 665.56M 559.56M 1122.33M 493.03M
Common stock 73.85M 73.41M 73.19M 68.75M 62.05M
Capital stock 73.85M 73.41M 73.19M 68.75M 62.05M
Retained earnings 1022.85M 758.65M 738.84M 747.07M 1114.31M
Other liab - - - 2040.89M 2386.99M
Good will 11.15M 781.20M 789.73M 787.25M 1781.33M
Other assets 8860.49M 9300.23M -552.88M 137.03M 458.66M
Cash 576.64M 363.79M 106.54M 123.08M 222.70M
Cash and equivalents 576.64M 363.79M 106.54M 123.08M 222.70M
Total current liabilities 929.90M 1832.10M 1684.85M 3422.96M 3112.05M
Current deferred revenue 67.25M 63.88M 48.46M 51.18M 59.33M
Net debt 2931.37M 4694.57M 5174.35M 5867.58M 6099.31M
Short term debt 75.00M 710.02M 671.05M 1587.36M 2206.32M
Short long term debt 75.00M 710.02M 671.05M 1587.36M 2206.32M
Short long term debt total 3508.01M 5058.36M 5280.89M 5990.66M 6322.01M
Other stockholder equity 2898.96M 2721.34M 2541.79M 2287.18M 1824.22M
Property plant equipment 13.28M 695.05M 1119.79M 1144.93M 8910.50M
Total current assets 1186.88M 1464.47M 1881.11M 3707.66M 1614.77M
Net tangible assets - - - 2271.51M 3150.54M
Short term investments 169.95M 1191.15M 1266.34M - -
Net receivables 281.81M 821.64M 981.48M 963.08M 808.84M
Long term debt 3433.01M 4348.34M 4609.84M 4403.30M 4115.68M
Inventory 93.82M 93.75M 83.40M 2187.65M 291.14M
Accounts payable 225.73M 331.81M 346.91M 662.09M 353.37M
Accumulated other comprehensive income -34.55M -49.22M -43.79M -44.24M -46.76M
Common stock total equity - - - - 62.05M
Retained earnings total equity - - - - 1114.31M
Non currrent assets other 527.63M 474.75M 414.01M 395.95M 458.54M
Non current assets total 9242.60M 10559.36M 9988.78M 9488.95M 11150.49M
Long term debt total 3433.01M 4363.35M 4634.17M 4437.54M 4115.68M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -921.57M 122.26M -838.90M -3035.66M
Change to liabilities - - - 293.91M -29.93M
Total cashflows from investing activities -24.81M -921.57M 150.97M -838.90M -3035.66M
Net borrowings -680.00M -224.14M -720.22M 97.53M 3038.03M
Total cash from financing activities -318.28M -176.34M -700.79M 356.48M 3063.46M
Change to operating activities - - - -355.07M -432.94M
Net income 239.48M 204.84M 150.89M -197.68M 207.20M
Change in cash 261.88M 257.25M -16.54M -99.62M 139.34M
Begin period cash flow 314.77M 106.54M 123.08M 222.70M 83.35M
End period cash flow 576.64M 363.79M 106.54M 123.08M 222.70M
Total cash from operating activities 556.08M 1355.78M 509.21M 407.46M 111.38M
Issuance of capital stock 19.73M 336.55M 252.01M 461.83M 213.64M
Depreciation 330.72M 438.44M 440.91M 470.45M 371.04M
Other cashflows from investing activities 777.75M 24.36M 1.00M 20.52M -2320.03M
Dividends paid 178.51M 177.77M 174.57M 160.56M 138.22M
Change to inventory - - - - -9.22M
Change to account receivables 27.41M 122.92M -27.48M -193.78M -51.55M
Sale purchase of stock 19.73M 8.88M -1.99M 461.83M 3510.70M
Other cashflows from financing activities 520.50M -110.98M -57.77M 1025.49M -1.99M
Change to netincome - - - 380.50M 63.60M
Capital expenditures 807.87M 945.92M 872.52M 859.42M 715.63M
Change receivables - - - - -51.55M
Cash flows other operating - - - - -448.98M
Cash and cash equivalents changes - - - - 139.19M
Change in working capital -96.73M 702.21M -216.66M -240.21M -443.29M
Stock based compensation 12.99M 14.90M 8.08M 9.45M 9.29M
Other non cash items -100.93M -57.48M 77.30M 437.50M -94.08M
Free cash flow -251.79M 409.86M -363.31M -451.96M -604.24M

Peer Comparison*

Sector: Utilities Industry: Utilities - Regulated Gas

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SWX
Southwest Gas Holdings Inc		 0.74
0.80%		 93.41 22.20 18.02 3.61 1.52 5.46 10.55
GASNY
Naturgy Energy Group SA ADR		 0.08
1.23%		 6.60 13.14 13.50 1.60 2.79 2.00 6.98
ATO
Atmos Energy Corporation		 1.58
0.90%		 177.23 23.88 22.27 6.22 2.12 8.12 16.12
GASNF
Naturgy Energy Group S.A		 -
-%		 33.25 11.65 12.97 1.45 2.51 1.81 6.36
UNPRF
Uniper SE		 -
-%		 48.88 12.13 4.91 0.39 1.66 0.21 5.34

Profile*

Southwest Gas Holdings Inc

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.

8360 S. Durango Dr., Las Vegas, NV, United States, 89113

702 876 7237

https://www.swgasholdings.com

2453

Name Title Year Born
Ms. Karen S. Haller Pres , CEO, Chief Legal & Admin. Officer and Director 1964
Mr. Paul M. Daily Pres & CEO of Centuri Group, Inc. 1957
Mr. Robert J. Stefani Sr. VP & CFO 1974
Ms. Lori L. Colvin VP, Chief Accounting Officer & Controller 1968
Mr. Justin L. Brown Sr. VP & Gen. Counsel of Southwest Gas Corp. 1973
Mr. Kenneth J. Kenny VP of Fin. & Treasurer 1963
Mr. Thomas E. Moran VP, Gen. Counsel & Corp. Sec. 1965
Mr. Justin Lee Brown President CEO & Director 1973
Mr. Justin S. Forsberg CFO, Treasurer & Senior VP NA
Ms. Catherine M. Mazzeo Senior VP, Chief Legal, Safety & Compliance Officer and Corporate Secretary 1977

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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