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Southwest Gas Holdings SWX · USD

Utilities · US listing · 🇺🇸 United States

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92.46

+1.24%

Close of 9 Nov 2026, in USD

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About Southwest Gas Holdings

From its filings with the US Securities and Exchange Commission

SEC filings

Southwest Gas Holdings is based in Las Vegas, Nevada and is incorporated in Delaware. Its shares trade on NYSE under the ticker SWX. The SEC classifies its business as natural gas transmisison & distribution. In the fiscal year to 31 December 2023, it reported revenue of $5.43bn.

In its own words

The Company, a Delaware corporation, is a holding company headquartered in Las Vegas, Nevada, owning all of the shares of common stock of Southwest Gas and, until the Centuri IPO on April 22, 2024, all of the shares of common stock of Centuri. The Company operated two reportable segments until August 2025, the Natural Gas Distribution segment (Southwest Gas) and Utility Infrastructure Services segment (Centuri). After the deconsolidation of Centuri in August 2025, the business is solely comprised of the Natural Gas Distribution segment. The Company is incorporated in Delaware, and Southwest Gas is incorporated in California.

The Company, through its operating wholly-owned subsidiary Southwest Gas, engages in the business of purchasing, distributing, and transporting natural gas for its customers. Southwest Gas is a dynamic energy company committed to exceeding the expectations of its more than two million customers throughout Arizona, Nevada, and California by providing safe and reliable service while innovating sustainable energy solutions to fuel the growth in its communities.

Southwest Gas and its subsidiaries provide regulated natural gas delivery services to customers in portions of Arizona, Nevada, and California to meet heating, cooking, and other household needs in residential communities across these territories, as well as to facilitate the ongoing business operations of commercial and industrial customers.

Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Utilities
Industry
Gas Utilities
Listed since
17 Mar 1980
Employees
2,453
Head office
C/O SOUTHWEST GAS CORPORATION, LAS VEGAS, NV, 89113
Incorporated in
DE
Classification
Natural Gas Transmisison & Distribution
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Ms. E. Renae ConleyPresiding Independent Chairman of the Board$333,349
  • Ms. Karen HallerPresident, Chief Executive Officer, Director, since 2010$8.2m
  • Mr. Robert StefaniChief Financial Officer, Senior Vice President$2.6m
  • Mr. Justin BrownPresident - Southwest Gas Corporation$4.0m
  • Ms. Catherine MazzeoSenior Vice President, Chief Legal, Safety and Compliance Officer and Corporate Secretary
  • Mr. Randall GabeSenior Vice President, Chief Administrative Officer - Southwest Gas Corporation$1.5m
  • Ms. Amy TimperleySenior Vice President, Chief Regulatory, Public Affairs and Gas Resources Officer
  • Ms. Julie WilliamsSenior Vice President - Continuous Improvement and Optimization, Southwest Gas Corporation$1.4m
  • Mr. Andrew EvansIndependent Director$522,723
  • Ms. Jane Lewis-RaymondIndependent Director$289,349
  • Mr. Henry LinginfelterIndependent Director$269,349
  • Ms. Anne MariucciIndependent Director$594,273

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
71
Environment
63
Social
72
Governance
77
Direct emissions (scope 1)
375,223.73 t
Energy emissions (scope 2)
6,144.73 t
Women in the workforce
29%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Southwest Gas Holdings Inc (SWGH) has several key strengths that provide a competitive edge in the market. Firstly, SWGH possesses a vast infrastructure network, enabling them to efficiently deliver natural gas to their customers. This extensive network allows for reliable and timely service, promoting customer satisfaction and loyalty.
  • Secondly, SWGH maintains strong relationships with their suppliers, ensuring a consistent supply of natural gas at competitive prices. This advantageous position allows them to mitigate the impact of price fluctuations in the market, ensuring stable operational costs and profitability.

Weaknesses

  • Despite its strengths, SWGH also faces certain weaknesses that require attention. One significant concern is the overreliance on natural gas as the primary energy source. Any disruptions or shifts in the energy market could pose a risk to the company's profitability. Additionally, SWGH's operational costs may be affected by regulatory changes or environmental policies aimed at reducing carbon emissions.

Opportunities

  • SWGH can explore several opportunities for growth and expansion. Firstly, they can invest in renewable energy sources such as solar or wind power, diversifying their energy portfolio and capitalizing on emerging trends. This move would not only align with environmental responsibilities but also open up new revenue streams.
  • Moreover, SWGH can also tap into the growing demand for natural gas in commercial and industrial sectors. By targeting these markets, they can further increase their customer base, revenue, and market share.

Threats

  • SWGH faces certain threats that could impact their operations and financial performance. One significant threat is the increasing competition from alternative energy providers. As renewable energy becomes more affordable and accessible, customers may opt for greener and more sustainable options, leading to potential customer attrition.
  • Furthermore, fluctuations in natural gas prices and supply disruptions can negatively impact SWGH's profitability. External factors such as geopolitical tensions, climate change, or global economic instability can influence the stability of the natural gas market, posing threats to the company's performance.

Sources and methodology

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