Southwest Gas Holdings, Inc. (SWX)

Several events have impacted Southwest Gas Holdings, Inc.'s stock price in the past six months. The announcement of a CEO succession plan coincided with a stock price change of -1.06%. The company reported its Q4 2025 earnings, with EPS beating estimates but revenue missing forecasts, leading to a 4.77% pre-market stock decline, but highlighted exceeding its 2025 net income guidance and approved a 4% increase in its common stock dividend. TIME recognized Southwest Gas Holdings as one of America's Best Mid-Size Companies for 2025, resulting in a +1.05% stock price increase. The company announced that its Q2 and Q3 2025 financial statements should no longer be relied upon, but reaffirmed its full-year 2025 guidance. The announcement of a natural gas expansion in Northern Nevada was met with a +1.06% stock price increase. Justin S. Forsberg was appointed as the new Chief Financial Officer. The company reported higher net income from continuing operations year-over-year and completed its full separation from Centuri. Southwest Gas Holdings declared its first-quarter 2026 dividend on November 19, 2025, and its third-quarter 2025 dividend on April 30, 2025.

Demand for Southwest Gas Holdings' products and services is seasonal, with higher demand during colder months due to increased heating requirements in its service territories. The company's operating margin benefits from customer growth and updated rates.

Southwest Gas Holdings, Inc. is a regulated natural gas company focused on purchasing, distributing, and transporting natural gas, operating within the Utilities sector. Following the divestiture of Centuri Holdings, Inc., the company is now focused on being a fully regulated natural gas business, delivering natural gas services to residential, commercial, and industrial customers. Great Basin Gas Transmission Company, a wholly-owned subsidiary, operates a natural gas transmission system in Nevada.

Southwest Gas Holdings, Inc. serves over 2 million customers across Arizona, Nevada, and California, including the Phoenix and Tucson metropolitan areas in Arizona, the Las Vegas Metropolitan area and portions of northern Nevada, and the Lake Tahoe area and the high desert and mountain regions of San Bernardino County in California. The Great Basin Gas Transmission Company's pipeline extends across northern Nevada.

Southwest Gas Holdings has received positive recognition for its brand reputation in the past year. TIME recognized Southwest Gas Holdings as one of America's Best Mid-Size Companies for 2025 for the second consecutive year. Southwest Gas Corporation ranked #1 in the West for customer satisfaction with Business Natural Gas Service in the J.D. Power 2023 Gas Utility Business Customer Satisfaction Study for the fourth consecutive year, and also ranked #1 for Residential Customer Satisfaction among Large Gas Utilities in the West in the J.D. Power 2025 Gas Utility Residential Customer Satisfaction Study, marking its sixth consecutive year. Southwest Gas Corporation was recognized as the 2024 Innovative Philanthropic Company of the Year by the Phoenix Business Journal. The company has also urged public vigilance against utility scams.

Southwest Gas Holdings, Inc. is largely owned by institutional shareholders (92.21%), with individual insiders holding 23.53%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., Fmr Llc, Corvex Management LP, State Street Corp, Maverick Capital Ltd., Adage Capital Partners Gp, L.l.c., and Geode Capital Management, Llc. The largest individual shareholder is Carl C. Icahn, owning 15.28 million shares, representing 21.14% of the company.