SWX - NYSE

Southwest Gas Holdings, Inc.

SWX·NYSE

$87.17

+1.7%

UtilitiesRegulated Gas

Southwest Gas Holdings, Inc., through its subsidiaries, 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. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$6.31B

EPS6.0900

P/E Ratio14.31

Earnings Date08/05/2026

10.43B

Assets

-13%

3Y-21.0%

5Y+19.0%

10Y+87.0%

6.47B

Total Liabilities

-22%

3Y-35.0%

5Y+10.0%

10Y+66.0%

3.96B

Total Equity

3Y+23.0%

5Y+39.0%

10Y+135.0%

Southwest Gas Holdings, Inc. Funding & Solvency Profile

SWX · NYSE

Current Assets

Cash & Cash Equivalents576.64M

Net Receivables281.81M

Inventory93.82M

Other Current Assets234.60M

Total Current Assets1 B

Non-Current Assets

Property, Plant & Equipment8.70B

Goodwill & Intangible Assets11.15M

Long-Term Investments0.00

Other Non-Current Assets527.63M

Total Non-Current Assets9 B

Total Assets

10.43B

Financial Health Analysis

Current Ratio

1.28x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.63x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

257 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

11% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Southwest Gas Holdings, Inc. Balance Sheet

SWX • NYSE

Southwest Gas Holdings, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	576.6M	363.8M	106.5M	123.1M	222.7M	83.4M	49.5M	85.4M	43.6M	28.1M	36M	39.6M	41.1M	25.5M	21.9M	116.1M	65.3M	26.4M	32M	18.8M
Cash & Short-Term Investments	576.6M	363.8M	106.5M	123.1M	222.7M	83.4M	49.5M	85.4M	43.6M	28.1M	36M	39.6M	41.1M	25.5M	21.9M	116.1M	65.3M	26.4M	32M	18.8M
Net Receivables	281.8M	821.6M	981.5M	963.1M	808.8M	615.5M	584.9M	505.8M	433.5M	365.8M	423.4M	377.6M	296M	271.9M	217M	169.1M	166.3M	273.5M	278.6M	299.2M
Accounts Receivables	272.2M	722.6M	886.5M	866.2M	707.1M	522.2M	474.1M	491.1M	425.6M	361.3M	389.2M	355.7M	292.2M	268.9M	195.1M	169.1M	130M	168.8M	203.7M	225.9M
Other Receivables	9.6M	99M	94.9M	96.8M	101.7M	93.3M	110.9M	14.7M	8M	4.5M	34.2M	21.9M	3.8M	2.9M	21.9M	0.0	36.3M	104.7M	74.9M	73.3M
Inventory	93.8M	0.0	0.0	0.0	0.0	0.0	0.0	4.9M	14.6M	2.6M	3.6M	89.7M	49.3M	53.1M	0.0	0.0	0.0	0.0	0.0	0.0
Prepaids	0.0	0.0	0.0	0.0	292.1M	170.2M	181M	243.7M	165.3M	136.8M	95.2M	99.8M	108.3M	107.9M	69.4M	62.7M	78M	123.3M	0.0	0.0
Other Current Assets	234.6M	279.1M	793.1M	2.6B	291.1M	2.1M	44.4M	4.9M	14.6M	2.6M	3.6M	89.7M	49.3M	53.1M	153.3M	97.9M	108M	14.9M	191.9M	183.6M
Total Current Assets	1.2B	1.5B	1.9B	3.7B	1.6B	871M	859.9M	839.8M	657M	533.3M	558.2M	606.8M	494.7M	458.4M	461.6M	445.9M	417.6M	438.1M	502.5M	501.6M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	8.7B	9.3B	8.8B	8.3B	8.9B	7B	6.5B	5.7B	4.9B	4.4B	4.2B	4B	3.7B	3.6B	3.2B	3.1B	3B	3.1B	3B	2.8B
Goodwill	11.2M	781.2M	789.7M	787.3M	1.8B	345.2M	343M	359M	179.3M	140M	126.1M	143.2M	17.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	80.7M	37.7M	36.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	11.2M	781.2M	789.7M	787.3M	1.8B	345.2M	343M	359M	260M	177.7M	162.9M	143.2M	17.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	0.0	0.0	0.0	0.0	0.0	140.9M	132.1M	114.4M	117.3M	106.7M	99M	99M	93M	80M	192M	134.6M	115.9M	124.8M	0.0	0.0
Tax Assets	0.0	3.2M	463K	82K	121K	455K	856K	1.3M	1.5M	1.3M	428K	379.6M	-17.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	527.6M	474.8M	414M	395.9M	458.5M	368M	364.9M	326.5M	330.1M	325.5M	370.3M	821K	230.5M	363.8M	403.4M	331.2M	338.3M	149.4M	179.3M	179M
Total Non-Current Assets	9.2B	10.6B	10B	9.5B	11.2B	7.9B	7.3B	6.5B	5.6B	5B	4.8B	4.6B	4.1B	4B	3.8B	3.5B	3.5B	3.4B	3.2B	3B
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-257K	-129K	96K	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	10.4B	12B	11.9B	13.2B	12.8B	8.7B	8.2B	7.4B	6.2B	5.6B	5.4B	5.2B	4.6B	4.5B	4.3B	4B	3.9B	3.8B	3.7B	3.5B
LIABILITIES
CURRENT LIABILITIES
Total Payables	270.5M	392.6M	405.8M	731.9M	413.6M	292.5M	289.2M	249M	228.3M	184.7M	213.1M	168M	183.5M	193.3M	228.9M	206M	202.8M	232.9M	220.7M	265.7M
Accounts Payable	225.7M	331.8M	346.9M	662.1M	353.4M	231.3M	238.9M	249M	228.3M	184.7M	164.9M	168M	183.5M	155.7M	186.8M	165.5M	158.9M	191.4M	220.7M	265.7M
Other Payables	44.8M	60.8M	58.9M	69.8M	60.2M	61.2M	50.2M	0.0	0.0	0.0	48.3M	0.0	0.0	37.6M	42.1M	40.4M	43.9M	41.5M	0.0	0.0
Accrued Expenses	0.0	40.4M	36.6M	38.6M	31M	20.5M	21.3M	64.9M	61.7M	60.9M	16.2M	16.5M	17.9M	16.1M	16.7M	20.2M	19.6M	19.7M	260.1M	202.8M
Short Term Debt	75M	710M	671.1M	1.6B	2.2B	147.4M	374.5M	185.1M	239.8M	50.1M	37.5M	24.2M	11.1M	50.1M	322.6M	75.1M	1.3M	62.8M	47.1M	27.5M
Tax Payables	0.0	60.8M	58.9M	69.8M	60.2M	61.2M	50.2M	44.6M	49.8M	44.8M	48.3M	44.3M	39.7M	37.6M	42.1M	41.7M	40.9M	41.5M	0.0	0.0
Deferred Revenue	0.0	63.9M	48.5M	51.2M	59.3M	67.9M	69.2M	67.9M	69.8M	72.3M	72.6M	71.5M	73.4M	77.9M	83.8M	185.2M	153.7M	0.0	0.0	0.0
Other Current Liabilities	584.4M	625.2M	523M	1B	401.9M	383.6M	325.7M	439.7M	286M	332.7M	195.6M	261.5M	221.6M	197.7M	195.6M	208.9M	250.5M	194.4M	0.0	0.0
Total Current Liabilities	929.9M	1.8B	1.7B	3.4B	3.1B	912M	1.1B	938.6M	815.9M	628.4M	535M	470.1M	434.2M	535.1M	847.6M	597M	474.2M	509.9M	527.9M	496.1M
NON-CURRENT LIABILITIES
Long Term Debt	3.4B	4.3B	4.6B	4.4B	4.1B	2.7B	2.3B	2.1B	1.8B	1.5B	1.6B	1.6B	1.4B	1.3B	930.9M	1.1B	1.3B	1.3B	1.4B	1.4B
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-2.1B	1B	570.3M	591.6M	572.8M	383.9M	503.9M	482.4M	416.7M	432.4M	-1.2B	-1.2B	-1.1B
Deferred Tax Liabilities (Non-Current)	977.3M	808.8M	753M	682.1M	768.9M	647.5M	599.8M	529.2M	477M	840.7M	769.4M	723.7M	674.4M	616.2M	557.1M	466.6M	436.1M	387.5M	347.5M	308.5M
Other Non-Current Liabilities	1.1B	1.3B	1.4B	1.5B	1.6B	1.6B	1.6B	1.4B	315M	308M	303M	301.5M	279M	268.8M	233M	154.1M	140.8M	-254.3M	-267.8M	-293.3M
Total Non-Current Liabilities	5.5B	6.5B	6.8B	6.6B	6.5B	5B	4.5B	4.1B	3.6B	3.3B	3.2B	3.2B	2.7B	2.6B	2.2B	2.2B	2.3B	254.3M	267.8M	293.3M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2B	1.9B	1.8B
Total Liabilities	6.5B	8.3B	8.5B	10B	9.6B	5.9B	5.6B	5B	4.4B	3.9B	3.8B	3.7B	3.2B	3.2B	3.1B	2.8B	2.8B	2.8B	2.7B	2.6B
SHAREHOLDERS' EQUITY
Common Stock	73.9M	73.4M	73.2M	68.7M	62.1M	58.8M	56.6M	54.7M	49.7M	49.1M	49M	48.2M	48M	47.8M	47.6M	47.2M	46.7M	45.8M	44.4M	43.4M
Additional Paid-In Capital	2.9B	2.7B	2.5B	2.3B	1.8B	1.6B	1.5B	1.3B	955.3M	903.1M	896.4M	851.4M	840.5M	828.8M	821.6M	807.9M	792.3M	770.5M	732.3M	698.3M
Retained Earnings	1B	758.6M	738.8M	747.1M	1.1B	1.1B	1B	944.3M	857.4M	759.3M	699.2M	639.2M	567.7M	484.4M	406.1M	343.1M	285.3M	241M	219.8M	173.4M
Accumulated Other Comprehensive Income/Loss	-34.5M	-49.2M	-43.8M	-44.2M	-46.8M	-61M	-56.7M	-52.7M	-47.7M	-48M	-50.3M	-50.2M	-41.7M	-50.7M	-49.3M	-30.8M	-22.3M	-19.4M	-12.9M	-13.7M
Total Stockholders' Equity	4B	3.5B	3.3B	3.1B	3B	2.7B	2.5B	2.3B	1.8B	1.7B	1.6B	1.5B	1.4B	1.3B	1.2B	1.2B	1.1B	1B	983.7M	901.4M
Total Equity	4B	3.7B	3.4B	3.2B	3.2B	2.8B	2.6B	2.3B	1.8B	1.7B	1.6B	1.5B	1.4B	1.3B	1.2B	1.2B	1.1B	1B	983.7M	901.4M
Minority Interest	0.0	184.9M	104.7M	159.3M	196.7M	165.7M	84.5M	81.4M	-2.4M	20.4M	14M	17.8M	-2.1M	-1.7M	-989K	-465K	-41K	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	10.4B	12B	11.9B	13.2B	12.8B	8.7B	8.2B	7.4B	6.2B	5.6B	5.4B	5.2B	4.6B	4.5B	4.3B	4B	3.9B	3.8B	3.7B	3.5B
Total Investments	0.0	0.0	0.0	0.0	0.0	140.9M	132.1M	114.4M	117.3M	106.7M	99M	99M	93M	80M	192M	134.6M	115.9M	124.8M	0.0	0.0
Total Debt	3.5B	5.1B	5.3B	6B	6.3B	2.9B	2.7B	2.3B	2B	1.6B	1.6B	1.7B	1.4B	1.3B	1.3B	1.2B	1.3B	1.3B	1.4B	1.4B
Net Debt	2.9B	4.7B	5.2B	5.9B	6.1B	2.8B	2.6B	2.2B	2B	1.6B	1.6B	1.6B	1.4B	1.3B	1.2B	1.1B	1.2B	1.3B	1.4B	1.4B
Shares Outstanding	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349	72,057,349

SEC Filings

SWX - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 11, 2026	May 07, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 05, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	May 05, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 23, 2026	May 07, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 25, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 25, 2026	February 25, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 25, 2026	February 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 12, 2026	February 11, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 11, 2026	February 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 09, 2026	January 09, 2026	2026	View Filing

Showing 1 to 10 of 209 filings

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