Southwest Gas Holdings, Inc. (SWX)

In September 2025, Southwest Gas completed its separation from Centuri Holdings, generating $1.62 billion to reduce debt. In November 2025, the company declared a first-quarter 2026 cash dividend and appointed Justin S. Forsberg as CFO. Also in November 2025, the company reported its Q3 2025 earnings, missing forecasts for EPS and revenue, which caused shares to drop, although the company reaffirmed its full-year guidance. In January 2026, Citigroup upgraded Southwest Gas Holdings, citing faster EPS growth and takeover appeal, and there was an insider sale. Additionally, Southwest Gas stated that its Q2 and Q3 2025 reports "should no longer be relied upon." In February 2026, Southwest Gas Holdings was recognized by TIME as one of America's Best Mid-Size Companies for 2025 for the second consecutive year.

Demand for Southwest Gas Holdings' natural gas distribution is subject to seasonality, with higher demand during colder months for heating purposes. The company serves diverse climates across Arizona, Nevada, and California, influencing seasonal patterns in different areas.

Southwest Gas Holdings, Inc. operates as a holding company in the energy business, primarily within the Regulated Gas industry. It operates through two segments: Natural Gas Distribution, responsible for distributing natural gas to over 2 million customers, and Utility Infrastructure Services, providing installation, repair, and maintenance of energy distribution systems.

Southwest Gas Holdings, Inc. primarily serves customers in the American Southwest, including parts of Arizona, Nevada, and California. Its Utility Infrastructure Services segment extends its operations across North America.

Southwest Gas Holdings was recognized by TIME as one of America's Best Mid-Size Companies for 2025 for the second consecutive year, highlighting employee satisfaction, revenue growth, and ESG practices. Southwest Gas Corporation was ranked second in the West among Residential Gas Utilities in the J.D. Power 2025 U.S. Gas Utility Brand Appeal Index, reflecting strong customer perceptions of the company's reputation and reliability.

Southwest Gas Holdings, Inc. has a significant institutional ownership base, with 670 institutional owners and shareholders holding a total of 80,760,590 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Carl C. Icahn, Corvex Management LP, Fmr Llc, and State Street Corp. Insiders hold under 2% of the shares.