In Q3 FY2024, Southwest Gas Holdings reported revenue of $1.079 billion, down 7.7% year-over-year. Net income rose 21.5% to $138.4 million, with diluted EPS up 20.9% to $1.91. Operating income increased 2.6% to $219.3 million.
•Revenue decreased 7.7% YoY to $1.079 billion.
•Net income increased 21.5% YoY to $138.4 million.
•Diluted EPS grew 20.9% YoY to $1.91.
•Operating income rose 2.6% YoY to $219.3 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
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. 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. Founded in 1931, Southwest Gas is headquartered in Las Vegas, Nevada.
Southwest Gas Holdings, Inc., through its subsidiary Southwest Gas Corporation, is a natural gas utility that purchases, distributes, and transports natural gas to residential, commercial, and industrial customers. The company operates primarily in three states: Arizona, Nevada, and California. As of December 31, 2025, it served approximately 2,281,000 customers, with the largest customer base in Arizona (1,224,000), followed by Nevada (849,000) and California (208,000). In addition to tariff sales and transportation services, the company owns and operates a pipeline transmission system that includes an LNG storage facility, supporting reliable gas delivery across its service territory.
On which stock exchange is Southwest Gas Holdings traded and what is its ticker symbol?
Southwest Gas Holdings, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol SWX. The company's shares are traded in U.S. dollars (USD), reflecting its primary listing in the United States. As a regulated gas utility, SWX is part of the Utilities sector and the Utilities - Regulated Gas industry, making it a key player in the natural gas distribution market in the southwestern United States.
What sector and industry does Southwest Gas Holdings operate in?
Southwest Gas Holdings, Inc. operates in the Utilities sector, specifically within the Utilities - Regulated Gas industry. This means the company is a regulated natural gas utility, subject to oversight by state public utility commissions in Arizona, Nevada, and California. Its core business involves the purchase, distribution, and transportation of natural gas to residential, commercial, and industrial customers. As a regulated entity, its rates and service terms are approved by regulatory bodies, ensuring stable operations and consistent service to its approximately 2.28 million customers.
Where is Southwest Gas Holdings headquartered and what markets does it serve?
Southwest Gas Holdings, Inc. is headquartered in Las Vegas, Nevada, and was founded in 1931. The company serves customers in three U.S. states: Arizona, Nevada, and California. As of December 31, 2025, it had approximately 2,281,000 customers, with the largest concentration in Arizona (1,224,000 customers), followed by Nevada (849,000) and California (208,000). Its service area includes both urban and suburban communities, and it operates a pipeline transmission system with an LNG storage facility to support natural gas delivery. The company's long history and regional focus make it a significant utility provider in the southwestern United States.
How does Southwest Gas Holdings make money?
Southwest Gas Holdings generates revenue primarily through the sale and transportation of natural gas to its customer base. The company offers tariff sales, where customers purchase gas directly from Southwest Gas at regulated rates, and transportation services, where customers use Southwest Gas's pipelines to transport gas they have purchased from other suppliers. Additionally, the company operates a pipeline transmission system that includes an LNG storage facility, which provides flexibility and reliability in gas delivery. As a regulated utility, its profits are tied to approved rate structures that cover operating costs and provide a reasonable return on investment. With over 2.28 million customers across Arizona, Nevada, and California, the company benefits from a stable demand for natural gas for heating, cooking, and industrial uses.