Southwest Gas Holdings, Inc.

Listed Company

SWXCIK 0001692115NYSELarge AcceleratedNatural Gas Transmisison & DistributionDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$439.83M

Total Assets

$10.43B

Equity

$3.96B

Shares Out

72.37M

Op. Cash Flow

$556.08M

SWX$92.09+19.61% · past yearDBEQ Basic

Daily closing prices

Business

Southwest Gas Holdings, Inc. is a holding company that owns Southwest Gas Corporation, which purchases, distributes, and transports natural gas to approximately 2.3 million residential, commercial, and industrial customers across Arizona, Nevada, and California. The company provides regulated natural gas delivery services under oversight by state public utility commissions and the FERC. Southwest Gas operates a single reportable segment following the August 2025 deconsolidation of its Centuri subsidiary, serving customers primarily for heating, cooking, and business operations across its three-state territory.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Regulated operations revenues	1,940	2,475	2,535	2,200	1,522
Total operating revenues	1,940	2,475	2,535	4,960	3,680
Net cost of gas sold	498	1,150	1,253	799	431
Operations and maintenance	544	527	533	637	473
Depreciation and amortization	331	303	295	470	371
Taxes other than income taxes	94	89	89	93	80
Goodwill impairment and loss on sale	0	0	71	455	0
Total operating expenses	1,466	2,069	2,242	4,984	3,311
Operating income	474	406	293	−24	370
Net interest deductions	−203	−207	−195	—	—
Other income (deductions)	60	54	71	−6	−3
Total other income and (expenses)	−143	−152	−124	−249	−123
Income from continuing operations before income taxes	331	254	169	−273	247
Income tax expense	96	33	29	−76	40
Income from continuing operations	235	221	140	—	—
Income (loss) from discontinued operations, net of income tax	200	−16	16	—	—
Net income	435	205	156	−198	207
Net income (loss) attributable to noncontrolling interests	−5	6	5	6	6
Net income	440	199	151	−203	201
Continuing operations (in USD per share)	3.25	3.08	1.98	—	—
Discontinued operations (in USD per share)	2.84	−0.31	0.15	—	—
Net earnings per share - basic (in USD per share)	6.09	2.77	2.13	−3.1	3.39
Continuing operations (in USD per share)	3.25	3.07	1.98	—	—
Discontinued operations (in USD per share)	2.83	−0.31	0.15	—	—
Net earnings per share - diluted (in USD per share)	6.08	2.76	2.13	−3.1	3.39
Basic (in shares)	72	72	71	66	59
Diluted (in shares)	72	72	71	66	59

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2025 2025-06-30	FY 2024 2024-12-31	FY 2023 2023-12-31
Gas plant	11,517	—	—	10,845	10,140
Less: accumulated depreciation	−3,063	—	—	−2,914	−2,823
Construction work in progress	237	—	—	179	201
Net regulated operations plant	8,691	—	—	8,109	7,518
Other property and investments, net	179	—	—	165	1,266
Cash and cash equivalents	577	—	—	315	107
Accounts receivable, net of allowances	171	—	—	203	887
Accrued utility revenue	102	—	—	97	93
Income taxes receivable, net	10	—	—	0	2
Deferred purchased gas costs	5	—	—	14	553
Materials, supplies & gas inventories	94	—	—	94	—
Prepaid and other current assets	235	—	—	141	219
Current assets classified as discontinued operations	0	—	—	601	—
Total current assets	1,192	—	—	1,464	1,881
Goodwill	11	—	—	11	790
Deferred charges and other assets	357	—	—	396	414
Noncurrent assets classified as discontinued operations	0	—	—	1,927	—
Total noncurrent assets	368	—	—	2,334	1,204
Total assets	10,429	—	—	12,073	9,277
Common stock, $1 par (authorized 120,000,000 shares; issued and outstanding 72,224,593 and 71,782,756 shares)	74	—	—	73	73
Additional paid-in capital	2,899	—	—	2,721	2,542
Accumulated other comprehensive loss, net	−35	—	—	−49	−44
Retained earnings	1,023	964	742	759	739
Total equity attributable to Southwest Gas Holdings, Inc. stockholders	3,961	3,894	3,647	3,504	3,310
Noncontrolling interest	0	—	—	177	0
Total equity	3,961	3,894	4,089	3,681	3,310
Redeemable noncontrolling interest	0	—	—	8	105
Long-term debt, less current maturities	3,433	3,432	—	3,504	4,610
Total capitalization	7,394	7,326	8,493	7,194	8,025
Commitments and contingencies (Note 15)	—	—	—	—	—
Current maturities of long-term debt	75	75	—	0	43
Short-term debt	0	—	—	680	629
Accounts payable	226	—	—	191	347
Customer deposits	67	—	—	64	48
Accrued general taxes	54	—	—	59	58
Accrued interest	35	—	—	36	37
Deferred purchased gas costs	310	—	—	255	0
Dividends declared	45	—	—	45	—
Other current liabilities	117	—	—	119	523
Current liabilities of discontinued operations	0	—	—	383	0
Total current liabilities	930	880	—	1,832	1,685
Deferred income taxes and investment tax credits, net	977	941	955	858	753
Accumulated removal costs	496	—	—	472	458
Other deferred credits and other long-term liabilities	632	—	—	701	950
Noncurrent liabilities classified as discontinued operations	0	—	—	1,017	—
Total deferred income taxes and other credits	2,105	2,123	2,306	3,047	2,161
Total capitalization and liabilities	10,429	10,329	12,214	12,073	11,870

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Impairment of assets and other charges	0	0	71	455	0
Deferred income taxes	118	58	59	−72	61
Gains on sale of property and equipment	−2	0	−136,000	−8	−7
Share-based compensation expense	15	11	6	9	9
Equity AFUDC	−6	−7	−2	−465,000	0
Accounts receivable, net of allowances	32	66	−38	−194	−52
Accrued utility revenue	−5	−4	−5	−3	−3
Deferred purchased gas costs	63	707	177	−147	−344
Accounts payable	13	−20	−256	294	50
Accrued taxes	−20	2	−5	18	−7
Other current assets and liabilities	−98	−57	17	−208	−89
Changes in deferred charges and other assets	−62	−48	−32	17	−14
Changes in other liabilities and deferred credits	−20	−28	−77	−26	−74
Net cash provided by operating activities of continuing operations	594	1,205	351	—	—
Net cash provided by (used in) operating activities of discontinued operations	−38	150	159	—	—
Net cash provided by operating activities	556	1,356	509	407	111
Capital expenditures and property additions	−808	−847	−766	−859	−716
Proceeds from the sale of business, net of cash sold	0	0	1,022	0	0
Proceeds from the sale of property	5	21	0	0	—
Changes in customer advances	2	−6	−9	22	16
Other	−955,000	−985,000	−2	18	18
Net cash provided by (used in) investing activities of continuing operations	−801	−832	246	—	—
Net cash provided by (used in) investing activities of discontinued operations	777	−89	−95	—	—
Net cash provided by (used in) investing activities	−25	−922	151	−839	−3,036
Issuance of common stock, net	20	9	252	462	214
Dividends paid	−179	−178	−175	−161	−138
Issuance of long-term debt, net	0	0	848	1,068	1,661
Change in short-term portion of credit facility	−130	52	−94	114	—
Change in long-term credit facility and commercial paper	0	0	−50	−80	−20
Issuance of short-term debt	0	0	450	0	1,850
Repayment of short-term debt	−550	0	−1,823	−480	—
Withholding remittance share-based compensation	−3	−3	−2	−3	−1
Other, including principal payments on finance leases	−5	−4	−4	−24	−729,000
Net cash used in financing activities of continuing operations	−847	−124	−597	—	—
Net cash provided by (used in) financing activities of discontinued operations	528	−53	−103	—	—
Net cash used in financing activities	−318	−176	−701	356	3,063
Effects of currency translation in discontinued operations	−127,000	−624,000	273,000	—	—
Change in cash and cash equivalents, including discontinued operations	213	257	−40	−76	139
Change in cash and cash equivalents included in current assets held for sale	0	0	24	−24	—
Interest paid, net of amounts capitalized	240	279	283	220	104
Increase (decrease) of capital expenditures in Accounts payable or Other current liabilities	17	−9	−17	—	—
Equity AFUDC capitalized in regulated operations plant	6	7	2	—	—

Filings

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Frequently asked questions

What is Southwest Gas Holdings, Inc.'s CIK number?

Southwest Gas Holdings, Inc.'s SEC CIK number is 0001692115 (1692115). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Southwest Gas Holdings, Inc.'s SEC filings?

All of Southwest Gas Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Southwest Gas Holdings, Inc. last report earnings?

Southwest Gas Holdings, Inc. (SWX) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001692115-26-000086). This is Southwest Gas Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Southwest Gas Holdings, Inc.'s most recent earnings 8-K?

Southwest Gas Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001692115-26-000086. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Southwest Gas Holdings, Inc.'s latest earnings 8-K →
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