Southwest Gas Holdings, Inc.
Southwest Gas Holdings, Inc. (NYSE: SWX) is a holding company whose business is natural gas distribution through its wholly owned subsidiary, Southwest Gas Corporation. Southwest Gas purchases, distributes and transports natural gas to residential, commercial and industrial customers in portions of Arizona, Nevada and… From the company’s description.
In fiscal 2025, Southwest Gas Holdings, Inc. reported revenue of $1.94B, down 21.6% from fiscal 2024, and net income of $234.84M. Its operating margin was 24.4%, and operations generated $556.08M in cash. Over the twelve months to Jun 30, 2026, revenue was $466.79M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Southwest Gas Holdings, Inc. does
In the company’s own words
Southwest Gas Holdings, Inc. (NYSE: SWX) is a holding company whose business is natural gas distribution through its wholly owned subsidiary, Southwest Gas Corporation. Southwest Gas purchases, distributes and transports natural gas to residential, commercial and industrial customers in portions of Arizona, Nevada and California, serving household energy needs and supporting business operations. Its regulated distribution operations are the company’s sole reportable segment following the August 2025 deconsolidation of Centuri, which previously operated utility infrastructure services. As of December 31, 2025, Southwest Gas served approximately 2.281 million customers and had 2,453 full-time equivalent employees. Its wholly owned subsidiary Great Basin Gas Transmission provides interstate pipeline transportation and storage services to utilities and large commercial and industrial customers. The holding company previously owned Centuri, a utility infrastructure services business, until its separation and deconsolidation in 2025. Its website is www.swgasholdings.com.
Company details
- Sector
- Utilities
- Industry (SIC)
- Electric, Gas & Water
- Headquarters
- LAS VEGAS, NV
- Fiscal year end
- December
- CIK
- 1692115
- SIC
- 4923
Financial performance, year by year
Fiscal 2016–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Southwest Gas Holdings, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Southwest Gas Holdings, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Southwest Gas Holdings, Inc.’s bonds, as funds hold them
Funds report holding 8 issues of Southwest Gas Holdings, Inc.’s debt, $384.89M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.27%, maturing 2027 to 2051.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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