Inside the research
Southwest Gas Holdings, Inc.
SWX Research profile · latest available data
Price overview
$82.44
▲ +1.06 (+1.3%)
| 52w hi | $92.72 |
|---|---|
| 52w lo | $75.03 |
| Vol | 753.70K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.46
| Short | -0.15 |
|---|---|
| Medium | -0.66 |
| Long | -0.68 |
computed 2026-09-27
Key fundamentals
Southwest Gas Holdings, Inc.
Utilities · Utilities - Regulated Gas
| Market cap | $5.97B |
|---|---|
| Enterprise value | $9.21B |
| Trailing P/E | 21.19x |
| Forward P/E | 16.64x |
| EV / EBITDA | 10.74x |
| P / S (ttm) | 3.43x |
| Profit margin | 31.4% |
| Return on equity | 6.8% |
| Revenue growth | -9.6% |
| Debt / equity | 85.08 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.10 | |
| Sector | -0.10 | |
| Technical | -0.23 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.24 |
|---|---|
| Corr SPX | 0.19 |
| Annual vol | 21.0% |
| Annual ret | +7.7% |
| Sharpe | 0.36 |
| Max DD | -15.5% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Exhibits | read |
| 2026-05-11 | Shareholder Vote | read |
| 2026-05-05 | Earnings Release, Exhibits | read |
| 2026-02-25 | Officer / Director Change | read |
| 2026-02-25 | Earnings Release, Exhibits | read |
| 2026-02-12 | Termination of Agreement | read |
| 2026-02-11 | Officer / Director Change, Reg FD Disclosure | read |
| 2026-01-09 | Earnings Release, 4.02… | read |
| 2026-01-02 | Officer / Director Change, Reg FD Disclosure | read |
| 2025-11-26 | Material Agreement, Officer / Director Change… | read |
| 2025-11-05 | Officer / Director Change | read |
| 2025-11-05 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-07 | Carson Molly R. | Grant | 1.20K | — | |
| 2026-05-07 | Kim Leezie | Grant | 1.20K | — | |
| 2026-02-27 | Haller Karen S | President and CEO | Withheld for tax | 13.11K | $1.05M |
| 2026-02-27 | Timperley Amy L. | SVP/Chief Reg. & Public A | Withheld for tax | 1.18K | $94.61K |
| 2026-02-27 | Williams Julie M. | SVP/Cont. Improvement and | Withheld for tax | 3.47K | $277.88K |
| 2026-02-27 | Mazzeo Catherine M | SVP/Chief Legal/Comp. Off | Withheld for tax | 544 | $43.51K |
| 2026-02-27 | Brown Justin L | President/Southwest Gas C | Withheld for tax | 3.21K | $281.09K |
| 2026-02-27 | Brown Justin L | President/Southwest Gas C | Withheld for tax | 6.84K | $547.19K |
| 2026-02-27 | Gabe Randall P. | SVP/Chief Administrative | Withheld for tax | 2.17K | $173.79K |
| 2026-02-27 | Forsberg Justin S | SVP/Chief Financial Offic | Withheld for tax | 520 | $41.60K |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 96.5% |
| HHI | 3,448 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $494.40M | 5.58M |
| State Street Corp | $231.20M | 2.61M |
| AQR Capital Management | $142.21M | 1.60M |
| Renaissance Technologies | $38.92M | 438.90K |
| Capital Research / Capital World | $23.93M | 269.89K |
| Citadel Advisors | $20.96M | 236.40K |
| Millennium Management | $12.83M | 144.73K |
| T. Rowe Price Group | $8.14K | 91.75K |
As of 2026-06-30
Dividends
| Yield (TTM) | 1.50% |
|---|---|
| $ / share (TTM) | $1.24 |
| 5y CAGR | +1.9% |
Annual dividend per share
| 2021 | $2.35 |
|---|---|
| 2022 | $2.46 |
| 2023 | $2.48 |
| 2024 | $2.48 |
| 2025 | $2.48 |
| 2026 | $0.62 |
SEC Filings
The Long Run
FY 2017–2025 · 9 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $3.68B | +7.0% | |
| Operating income | $473.89M | +5.6% | |
| Net income | $439.83M | +137.2% | |
| Cash from ops | $509.21M | -0.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $81.60 | $82.64 | $80.98 | $82.44 | 753.70K |
| Sep 24 | $82.56 | $82.76 | $81.20 | $81.38 | 734.70K |
| Sep 23 | $83.09 | $83.09 | $82.00 | $82.34 | 568.90K |
| Sep 22 | $84.46 | $85.09 | $83.46 | $83.49 | 588.30K |
| Sep 21 | $85.99 | $86.32 | $84.47 | $84.65 | 692.60K |
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