Southwest Gas Holdings, Inc.
SWXNYSE
$92.06
↓ -1.0%Jul 17 close · end-of-day
Price
1Y↑ +23.2%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$6.7B
Enterprise Value
$9.7B
P/E
14.4
P/S
—
P/B
1.6
EV/EBITDA
11.9
PEG
—
FCF Yield
-6.4%
Dividend Yield
2.7%
Revenue (TTM)
—
Net Income (TTM)
$464.3M
Free Cash Flow (TTM)
-$426.5M
Gross Margin
—
Operating Margin
—
Net Margin
—
ROE
11.3%
ROIC
4.6%
Debt / Equity
0.9
Net Cash
-$3.0B
Return 1Y
+23.2%
Company profile
Southwest Gas Holdings, Inc. distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers.
- CEO
- Karen S. Haller
- Sector
- Transportation, Communications, Electric, Gas, And Sanitary Services
- Industry
- Utilities
- Employees
- 12,700
- Headquarters
- Nevada
- Website
- swgasholdings.com
Management & directors
- Brown Justin LPresident/Southwest Gas Corp.
- Forsberg Justin SSVP/Chief Financial Officer
- Gabe Randall P.SVP/Chief Administrative OFC
- Haller Karen SPresident and CEO
- Mazzeo Catherine MSVP/Chief Legal/Comp. Officer
- Timperley Amy L.SVP/Chief Reg. & Public Aff.
- Williams Julie M.SVP/Cont. Improvement and Opt.
- Pineda Fabio AVP/Controller/CAO
- Stefani Robert JSVP/Chief Financial Officer
Roles derived from SEC Form 4 filings.
Earnings
SWX Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue——
Diluted EPS$1.91↑ +20.9%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2022 | FY2022 | FY2023 | FY2023 | FY2023 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6B | $5.0B | $5.3B | $5.4B | $5.5B | $5.4B | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $377.6M | -$24.4M | -$57.7M | -$18.6M | -$8.3M | $293.0M | $406.5M | $473.9M |
| Net income | $147.2M | -$203.3M | -$253.6M | -$218.1M | -$202.6M | $150.9M | $198.8M | $439.8M |
| Diluted EPS | $2.30 | -$3.10 | -$3.76 | -$3.18 | -$2.91 | $2.13 | $2.76 | $6.08 |
| Operating cash flow | $363.2M | $407.5M | $35.1M | $156.0M | $302.5M | $509.2M | $1.4B | $556.1M |
| Free cash flow | -$458.2M | -$452.0M | -$880.7M | -$774.2M | -$609.0M | -$256.7M | $509.2M | -$251.8M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 8.2% | -0.5% | -1.1% | -0.3% | -0.2% | 5.4% | — | — |
| Net margin | 3.2% | -4.1% | -4.8% | -4.0% | -3.7% | 2.8% | — | — |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $83.2M | $20.1M | $145.0M | $213.7M | $95.5M | $37.0M | $127.7M | $219.3M |
| Net income | $18.3M | $289,000.00 | $92.5M | $113.9M | -$40.2M | $262.6M | $103.5M | $138.4M |
| Diluted EPS | $0.25 | $0.00 | $1.29 | $1.58 | -$0.56 | $3.63 | $1.43 | $1.91 |
| Operating cash flow | $306.6M | $304.1M | $201.4M | $291.3M | $126.3M | $56.9M | $81.6M | $162.1M |
| Free cash flow | $83.3M | $104.8M | -$1.4M | $128.1M | -$118.1M | -$105.8M | -$155.9M | -$46.6M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 7.0% | 1.9% | — | — | — | — | — | — |
| Net margin | 1.6% | 0.0% | — | — | — | — | — | — |
Company news
Jun 25, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-07 | Kim Leezie | Award | 1,196 | $0.00 | $0.00 | filing |
| 2026-05-07 | Carson Molly R. | Award | 1,196 | $0.00 | $0.00 | filing |
| 2026-02-27 | Haller Karen S· President and CEO | Tax withholding | 13,105 | $80.02 | $1.0M | filing |
| 2026-02-27 | Brown Justin L· President/Southwest Gas Corp. | Tax withholding | 6,838 | $80.02 | $547,188.28 | filing |
| 2026-02-27 | Brown Justin L· President/Southwest Gas Corp. | Tax withholding | 3,209 | $87.60 | $281,088.78 | filing |
| 2026-02-27 | Williams Julie M.· SVP/Cont. Improvement and Opt. | Tax withholding | 3,473 | $80.02 | $277,875.13 | filing |
| 2026-02-27 | Gabe Randall P.· SVP/Chief Administrative OFC | Tax withholding | 2,172 | $80.02 | $173,793.68 | filing |
| 2026-02-27 | Timperley Amy L.· SVP/Chief Reg. & Public Aff. | Tax withholding | 1,182 | $80.02 | $94,613.01 | filing |
| 2026-02-27 | Mazzeo Catherine M· SVP/Chief Legal/Comp. Officer | Tax withholding | 544 | $80.02 | $43,509.83 | filing |
| 2026-02-27 | Forsberg Justin S· SVP/Chief Financial Officer | Tax withholding | 520 | $80.02 | $41,603.84 | filing |
| 2026-02-22 | Brown Justin L· President/Southwest Gas Corp. | Award | 8,427 | $0.00 | $0.00 | filing |
| 2026-02-19 | Brown Justin L· President/Southwest Gas Corp. | Award | 5,544 | $0.00 | $0.00 | filing |
| 2026-02-19 | Brown Justin L· President/Southwest Gas Corp. | Award | 17,378 | $0.00 | $0.00 | filing |
| 2026-02-19 | CONLEY E RENAE | Award | 2,588 | $0.00 | $0.00 | filing |
| 2026-02-19 | Haller Karen S· President and CEO | Award | 16,756 | $0.00 | $0.00 | filing |
| 2026-02-19 | Haller Karen S· President and CEO | Award | 33,304 | $0.00 | $0.00 | filing |
| 2026-02-19 | Forsberg Justin S· SVP/Chief Financial Officer | Award | 3,570 | $0.00 | $0.00 | filing |
| 2026-02-19 | Forsberg Justin S· SVP/Chief Financial Officer | Award | 1,514 | $0.00 | $0.00 | filing |
| 2026-02-19 | Mazzeo Catherine M· SVP/Chief Legal/Comp. Officer | Award | 3,965 | $0.00 | $0.00 | filing |
| 2026-02-19 | Mazzeo Catherine M· SVP/Chief Legal/Comp. Officer | Award | 2,233 | $0.00 | $0.00 | filing |
| 2026-02-19 | Sharma Ruby | Award | 1,726 | $0.00 | $0.00 | filing |
| 2026-02-19 | Thornton Leslie T | Award | 1,726 | $0.00 | $0.00 | filing |
| 2026-02-19 | Williams Julie M.· SVP/Cont. Improvement and Opt. | Award | 2,994 | $0.00 | $0.00 | filing |
| 2026-02-19 | Williams Julie M.· SVP/Cont. Improvement and Opt. | Award | 8,825 | $0.00 | $0.00 | filing |
| 2026-02-19 | Ruisanchez Carlos | Award | 1,726 | $0.00 | $0.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.