Southwest Gas Holdings, Inc. (SWX)

In the past six months, Southwest Gas Holdings announced revisions to its financial statements due to errors in estimating deferred income tax liabilities, but reaffirmed its 2025 net income guidance. Insider stock transactions were reported, with several executives disposing of shares. Great Basin Gas Transmission Company closed a second supplemental open season for natural gas expansion in Northern Nevada. Justin S. Forsberg was named Chief Financial Officer. Southwest Gas Holdings declared First and Fourth Quarter 2026 Dividends and reported its Third Quarter 2025 Financial Results. Mizuho set a price target of $91.0 for SWX. The company released its 2024 Sustainability Report. S&P Global Ratings raised SWX's business risk profile and ratings following the completion of the sale of its remaining stake in Centuri Holdings Inc. The Arizona Corporation Commission authorized an $80.2 million rate increase for Southwest Gas Corporation. Jefferies maintained a "Strong Buy" rating and adjusted its price target. Southwest Gas Holdings announced the completion of the Centuri separation. B of A Securities upgraded its rating from "Hold" to "Strong Buy" and adjusted its price target. Jefferies upgraded its rating from "Hold" to "Strong Buy" and adjusted its price target. Southwest Gas Holdings announced a secondary public offering of Centuri Holdings common stock.

Demand for Southwest Gas Holdings' natural gas is subject to seasonality, with consumption typically increasing during colder months due to heating requirements. The company's service areas experience distinct seasonal temperature variations, leading to higher demand in winter and potentially lower demand in warmer periods.

Southwest Gas Holdings, Inc. is an energy holding company focused on purchasing, distributing, and transporting natural gas, operating in the Utilities sector. Through Southwest Gas Corporation, it provides natural gas distribution and transportation services. The company aims to provide safe, reliable, and resilient service while pursuing innovative sustainable energy solutions.

Southwest Gas Corporation serves over 2 million customers across parts of Arizona, Nevada, and California, including major metropolitan areas. The company sources natural gas from regions such as the San Juan basin, the Permian basin, and other Rocky Mountain areas. Great Basin Gas Transmission Company, a wholly-owned subsidiary, operates an interstate pipeline system and manages an LNG storage facility.

Southwest Gas Holdings' brand reputation has been influenced by positive recognition and regulatory challenges. Newsweek recognized the company as one of the "World's Most Trustworthy Companies 2024" for the second consecutive year. The Arizona Corporation Commission approved a Consent Agreement with Southwest Gas Corporation, including a civil penalty, due to issues involving degraded Driscopipe polyethylene. The company's announcement of revisions to its financial statements due to tax errors could potentially affect its reputation for financial accuracy.

Southwest Gas Holdings, Inc. has significant institutional ownership, with major holders including BlackRock, Inc., Vanguard Group Inc, and Icahn Carl C (or Icahn Capital LP). Carl Icahn has been an activist investor, holding a notable percentage of SWX shares. Individual insiders hold a smaller percentage of the company's shares.