SWX

Southwest Gas Holdings Inc

SWX.US swgasholdings.com + Research + Basket
CIK 0001692115
Employees 2,453
Phone 702 876 7237
Fiscal year end December
IPO Dec 30, 1987
Address 8360 S. Durango Dr., Las Vegas, NV, United States, 89113
93.25
+0.41 (+0.44%)
USD · NYSE
52-week range
74.79
93.81
Trading at 97% of the 52-week range
Market Cap
6.69B
P/E Ratio
23.08
Forward P/E
18.35
Book Value
56.95
Div. Yield
2.75%
% Institutions
95.44%
% Insiders
0.607%

1 Year

+18.0%

3 Year

+80.2%

10 Year

+75.2%
Description

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.

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People

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Directors & Officers

Name Title Year Born
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
Ms. Karen S. Haller Advisor 1964
Mr. Fabio A. Pineda VP, Controller & Chief Accounting Officer 1982
Mr. Tyler Franek Manager of Investor Relations NA

Insider Trading

Open insider trading
Date Insider Name Title Transaction Type Shares Price Value SEC
Sep 25, 2025 Carl C Icahn N/A Sale 1.50M $77.91 $116.87M SEC
Sep 10, 2025 Brian E Sandoval N/A Purchase 24.00 $78.57 $1.89K SEC

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 11.18M Jun 30, 2026 15.43% $0.01 4.04%
FMR Inc 5.58M Jun 30, 2026 7.70% $0.02 8.00%
Vanguard Portfolio Management, LLC 3.97M Jun 30, 2026 5.48% $0.02 3.05%
Corvex Management LP 3.21M Jun 30, 2026 4.43% $8.69 -25.70%
Vanguard Capital Management, LLC 3.05M Jun 30, 2026 4.21% $0.01 1.31%
State Street Corp 2.61M Jun 30, 2026 3.60% $0.01 7.67%
Geode Capital Management, LLC 2.09M Jun 30, 2026 2.88% $0.01 22.19%
Maverick Capital Ltd 1.89M Jun 30, 2026 2.61% $1.48 -11.16%
AQR Capital Management LLC 1.60M Jun 30, 2026 2.21% $0.05 37.78%
Adage Capital Partners Gp LLC 1.35M Jun 30, 2026 1.87% $0.17 -8.17%
T. Rowe Price Investment Management,Inc. 1.14M Jun 30, 2026 1.57% $0.07 10.21%
Channing Capital Management, LLC 1.07M Jun 30, 2026 1.48% $2.20 -2.89%
Dimensional Fund Advisors, Inc. 1.06M Jun 30, 2026 1.46% $0.02 0.38%
Principal Financial Group Inc 985.86K Jun 30, 2026 1.36% $0.04 -8.02%
Gabelli Funds LLC 950.84K Jun 30, 2026 1.31% $0.54 -1.58%
NORGES BANK 948.10K Jun 30, 2026 1.31% $0.01 13.35%
Northern Trust Corp 892.39K Jun 30, 2026 1.23% $0.01 12.36%
The Goldman Sachs Group Inc 869.55K Jun 30, 2026 1.20% $0.01 25.01%
River Road Asset Management, LLC 865.24K Jun 30, 2026 1.19% $0.85 -4.26%
Bank of New York Mellon Corp 838.12K Jun 30, 2026 1.16% $0.01 -0.96%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Mid-Cap ETF 2.58M 3.56% ▼ 0.04% Sep 30, 2026
2 Vanguard MStar Total Stk Mkt Idx Invest 2.19M 3.02% ▲ 0.24% Sep 30, 2026
3 iShares Russell 2000 ETF 1.93M 2.66% ▼ 0.87% Sep 30, 2026
4 Vanguard Small Cap Index 1.55M 2.14% ▼ 2.12% Sep 30, 2026
5 iShares Select Dividend ETF 1.26M 1.74% ▼ 0.03% Sep 30, 2026
6 Vanguard MStar Small Cap Value Index 1.01M 1.39% ▲ 0.25% Sep 30, 2026
7 Fidelity Small Cap Value Fund 980.70K 1.35% ▲ 37.42% Jul 31, 2026
8 Fidelity VIP Mid Cap Initial 899.90K 1.24% ▲ 0.00% Aug 31, 2026
9 Fidelity Small Cap Index 806.92K 1.11% ▲ 0.78% Jul 31, 2026
10 Fidelity Stock Selector Small Cap 714.73K 0.99% ▲ 0.00% Jul 31, 2026

Financial Highlights

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Market Cap: $6.69B
EBITDA: $858.02M
P/E Ratio: $23.08
PEG Ratio: $1.86
Book Value: $56.95
Dividend/Share: $2.51
Dividend Yield: 2.75%
Earnings/Share: $4.00
Profit Margin: 31.40%
Operating Margin: 24.16%
ROA (TTM): 2.82%
ROE (TTM): 6.83%
Revenue (TTM): $1.74B
Revenue/Share (TTM): $24.05
Earnings Growth (YOY): 20.90%
Revenue Growth (YOY): -9.60%

Valuation Metrics

Enterprise Value: $9.84B
Trailing P/E: 23.08
Forward P/E: 18.35

Shares Statistics

Shares Outstanding: 72.45M
Shares Float: 71.96M
% Insiders: 0.607%
% Institutions: 95.44%
Short % Float: 5.18%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$1.94B
Cost of Goods Sold
adjust
$-1.37B
Gross Profit
subtotal
$567.96M
SG&A
adjust
$-7.67M
Other Operating Expense
adjust
$-86.40M
Operating Income
subtotal
$473.89M
Other / Non-Operating Items
adjust
$-34.06M
Net Income
subtotal
$439.83M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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