Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Southwest Gas Holdings, Inc.
Next earnings Aug 4, 2026 · consensus $0.52 EPS, $421M rev
Last earnings +0.6% on 2026-05-05
Now a clean pure-play regulated gas utility post-Centuri exit, with customer growth, decoupled revenues and a fair 14.6x multiple.
Sources: SEC EDGAR (CIK 0001692115, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:58:40 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Quality fundamentals and an attractive price line up (~160% below fair value) — the rarer case where both the business and the entry look good.
Southwest Gas has completed a multi-year simplification and now stands as a pure-play regulated natural-gas distributor. It sold MountainWest in 2023, IPO'd Centuri in April 2024, deconsolidated Centuri in August 2025 and sold its last Centuri shares in September 2025 — leaving a single Natural Gas Distribution segment serving approximately 2,281,000 customers across Arizona, Nevada and California, where it is the largest regulated gas distributor in Arizona and Nevada. This de-risking is the heart of the story: the remaining business is a stable, rate-regulated monopoly utility rather than a holding company with a volatile infrastructure-services arm.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.68B | $4.96B | $5.43B | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | $370M | -$24.4M | $293M | $406M | $474M |
| Net income | $201M | -$203M | $151M | $199M | $440M |
| Diluted EPS | $3.39 | -$3.10 | $2.13 | $2.76 | $6.08 |
| Net margin | 5.5% | -4.1% | 2.8% | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-05-07 | Carson Molly R. Director | Award | 1.20K | |
| 2026-05-07 | Kim Leezie Director | Award | 1.20K | |
| 2026-02-27 | Haller Karen S President and CEO | Tax | 13.1K @ $80.02 | $1.05M |
| 2026-02-27 | Timperley Amy L. SVP/Chief Reg. & Public Aff. | Tax | 1.18K @ $80.02 | $94.6K |
| 2026-02-27 | Williams Julie M. SVP/Cont. Improvement and Opt. | Tax | 3.47K @ $80.02 | $278K |
| 2026-02-27 | Mazzeo Catherine M SVP/Chief Legal/Comp. Officer | Tax | 543.74 @ $80.02 | $43.5K |
| 2026-02-27 | Brown Justin L President/Southwest Gas Corp. | Tax | 3.21K @ $87.60 | $281K |
| 2026-02-27 | Brown Justin L President/Southwest Gas Corp. | Tax | 6.84K @ $80.02 | $547K |
| 2026-02-27 | Gabe Randall P. SVP/Chief Administrative OFC | Tax | 2.17K @ $80.02 | $174K |