NYSE · Utilities

SOUTHWEST GAS HLDGS INC SWX

Southwest Gas Holdings, Inc., through its subsidiary, Southwest Gas Corporation, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California in the United States. The company offers tariff sales and transportation services. It also operates a pipeline transmission system, including an LNG storage facility.

Oil & Gas Production

Company profile

Business mix

  • The company offers tariff sales and transportation services. It also operates a pipeline transmission system, including an LNG storage facility.
  • As of December 31, 2025, the company served approximately 2,281,000 customers with 1,224,000 in Arizona, 849,000 in Nevada, and 208,000 in California.
  • Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Nevada.

Current key questions

  • Can rate-base growth, allowed returns, and demand support earnings in utilities - regulated gas?
  • How do regulation, fuel costs, interest rates, and capital spending affect customer bills and returns?
  • Does the balance sheet support required infrastructure investment and dividends?
Holders 1 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 26.89 FCF -6.64% Buyback -0.48%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Corvex Management Keith Meister 14.9% $375.2M 2026-03-31

Recent trading changes over the last 3 quarters

Net buyers 0 Last 3 13F filing periods
Net reducers 2 Last 3 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $0 Estimated from net added shares
Reduction amount $632.4M Estimated from net reduced shares
Net share change / base shares -65.6% -8,244,999 / 12,563,160
Icahn Enterprises / Icahn Capital Carl Icahn 3 filing periods
13F 2025-09-30 Filed 2025-11-14
Major reduction Shares -19.9% 13F value change -$87.8M
13F 2025-12-31 Filed 2026-02-17
Unchanged Shares 0.0% 13F value change $0
13F 2026-03-31 Filed 2026-05-15
Sold out Shares -100.0% 13F value change -$482.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 7,532,604 Last 3 periods -7,532,604 (-100.0%) Total shares 0 Value $0
Corvex Management Keith Meister 3 filing periods
13F 2025-09-30 Filed 2025-11-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-17
Unchanged Shares 0.0% 13F value change $0
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -14.2% 13F value change -$27.3M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 5,030,556 Last 3 periods -712,395 (-14.2%) Total shares 4,318,161 Value $375.2M

Recent mentions

No public mentions.