TIME Recognizes Southwest Gas Holdings as a Best Mid-Size Company in America for Two Consecutive Years

Rhea-AI Summary

Southwest Gas Holdings (NYSE: SWX) was named one of TIME's Best Mid-Size Companies for 2025, marking the second consecutive year of recognition. The award cites strong employee satisfaction, consistent revenue growth, and transparent sustainability and ESG practices.

Selection used employee surveys, three years of revenue data for companies with $100M–$10B, and ESG metrics including carbon disclosures and board diversity.

News Market Reaction – SWX

+1.05%

1 alert

+1.05% News Effect

On the day this news was published, SWX gained 1.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Employee survey base: approximately 217,000 employees Revenue window: $100 million to $10 billion Recognition year: 2025 +3 more

6 metrics

Employee survey base approximately 217,000 employees Employee data used by TIME and Statista over three years

Revenue window $100 million to $10 billion Revenue range for companies considered in TIME’s ranking

Recognition year 2025 TIME America’s Best Mid-Size Companies list year

Consecutive years 2 years SWX recognized by TIME as a Best Mid-Size Company

Survey period 3 years Employee survey data timeframe used by TIME

Revenue data period 3 years Revenue data timeframe used for ranking companies

Market Reality Check

Price: $86.35 Vol: Volume 1,156,498 is 2.05x...

high vol

$86.35 Last Close

Volume Volume 1,156,498 is 2.05x the 20-day average of 563,324, indicating elevated trading interest ahead of this recognition news. high

Technical Shares at $82.08 trade above the 200-day MA of $77.71, sitting 5.38% below the 52-week high of $86.75 and 26.88% above the 52-week low of $64.69.

Peers on Argus

SWX slipped 0.89% with elevated volume, while close peers showed mixed, modest m...

SWX slipped 0.89% with elevated volume, while close peers showed mixed, modest moves (e.g., OGS -0.10%, BKH -1.09%, NJR +0.46%, SR +0.14%, UGI -0.02%), pointing to a stock-specific reaction rather than a sector-wide move.

Common Catalyst One peer, Spire (SR), reported FY26 Q1 results, suggesting some utilities newsflow, but not a broad mid-cap gas utility catalyst.

Historical Context

5 past events · Latest: Dec 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	Expansion project update	Positive	+1.1%	Outlined 2028 expansion project metrics with sizable investment and margin projections.
Nov 26	CFO appointment	Positive	+0.8%	Named Justin S. Forsberg as new CFO effective December 1, 2025.
Nov 19	Dividend declaration	Positive	+1.7%	Declared Q1 2026 dividend of $0.62 per share, continuing long dividend history.
Nov 05	CFO transition & search	Negative	-4.1%	Announced CFO departure with search for successor and related separation agreement.
Nov 05	Earnings & separation	Positive	-4.1%	Reported solid Q3 2025 earnings and Centuri separation with debt reduction steps.

Pattern Detected

Recent news has mostly aligned with price moves, with one positive earnings/strategic update coinciding with a negative reaction.

Recent Company History

Over the last few months, Southwest Gas has reported several notable developments. A major expansion project in Northern Nevada outlined capacity requests of ~800 million cubic feet per day and an estimated ~$1.7 billion capital plan, with projected incremental annual margin of $215M–$245M. Corporate actions included a CFO transition and subsequent appointment of Justin S. Forsberg as CFO effective December 1, 2025. Financially, Q3 2025 results highlighted consolidated quarterly net income of $270.5 million, diluted EPS of $3.74, and utility ROE of 8.3%, alongside completion of the Centuri separation and an ongoing dividend stream of $0.62 per share for Q1 2026.

Market Pulse Summary

This announcement highlights Southwest Gas’s inclusion on TIME’s list of America’s Best Mid-Size Com...

Analysis

This announcement highlights Southwest Gas’s inclusion on TIME’s list of America’s Best Mid-Size Companies for 2025 for the second consecutive year, emphasizing employee satisfaction, revenue growth, and ESG transparency. In recent months, the company has detailed a large Nevada expansion project, delivered solid Q3 2025 results, and maintained a recurring dividend of $0.62 per share for Q1 2026. Investors may watch how continued operational execution, governance developments, and future ESG disclosures interact with this reputational recognition.

Key Terms

esg metrics, carbon emissions, board diversity, human rights policies, +2 more

6 terms

esg metrics financial

"and ESG metrics including carbon emissions and reductions, board diversity"

Environmental, social and governance (ESG) metrics are measurable indicators that show how a company manages its environmental impact, treatment of employees and communities, and the quality of its leadership, controls and ethics. Investors use them like a safety inspection or scorecard to reveal risks and opportunities that don’t appear on financial statements—strong ESG performance can signal lower regulatory, reputational or operational risk and help assess a company’s potential for steady, long-term returns.

carbon emissions medical

"ESG metrics including carbon emissions and reductions, board diversity"

Carbon emissions are greenhouse gases, mainly carbon dioxide, that are released into the atmosphere when fossil fuels are burned or through industrial processes; think of them as the company equivalent of smoke from a chimney or the CO2 you exhale. Investors care because those emissions can lead to higher operating costs, fines, new rules, or damaged reputation, all of which can lower a company’s future profits and value.

board diversity financial

"ESG metrics including carbon emissions and reductions, board diversity"

Board diversity describes the mix of different backgrounds, skills, experiences, genders, ages, ethnicities and perspectives among a company’s board members. Like a sports team that performs better when players bring varied strengths, a diverse board can improve decision-making, spot risks and opportunities earlier, and strengthen investor confidence by aligning leadership with a broader range of customers and regulators.

human rights policies regulatory

"board diversity and human rights policies, and CSR reporting"

Corporate human rights policies are a company's written commitments and rules for how it will respect the rights and dignity of people affected by its operations—employees, suppliers, customers and local communities. They matter to investors because they reduce legal, reputational and operational risks (like strikes, fines or boycotts) and can signal long-term resilience; think of them as a company’s rulebook that helps prevent avoidable problems and protects value for shareholders.

csr reporting financial

"human rights policies, and CSR reporting and anti-corruption practices."

A CSR report is a company’s public summary of its social and environmental actions—like treatment of workers, community giving, pollution control, and ethical practices—often compared to a report card that shows how responsibly a business runs alongside its financials. Investors use these reports to judge non-financial risks and opportunities that can affect reputation, legal exposure, customer loyalty and long-term value, helping inform decisions beyond short-term profit numbers.

anti-corruption practices regulatory

"CSR reporting and anti-corruption practices."

Anti-corruption practices are the policies, controls and routines a company uses to prevent bribery, kickbacks or misuse of influence—for example training staff, monitoring transactions, setting approval rules and encouraging whistleblowing. Investors care because these measures act like locks and alarms: they reduce the risk of costly fines, legal trouble and reputation loss, improving predictability of earnings and protecting shareholder value.

AI-generated analysis. Not financial advice.

Award reflects strong employee satisfaction, consistent growth, and transparent sustainability practices

LAS VEGAS, Feb. 3, 2026 /PRNewswire/ -- For the second year in a row, Southwest Gas Holdings, Inc. (NYSE: SWX), has been recognized by TIME as one of America's Best Mid-Size Companies for 2025. The recognition, presented in partnership with Statista Inc., highlights companies that excel in employee satisfaction, revenue growth, and sustainability transparency.

"This recognition reflects the culture we've built," said Karen Haller, President and CEO of Southwest Gas Holdings & CEO of Southwest Gas Corporation. "We're proud to be an employer of choice, fostering a positive workplace and prioritizing the satisfaction of our employees. Their dedication helps fuel homes, businesses, and communities every day, while supporting our continued growth and sustainability efforts, and strengthening the neighborhoods we call home."

TIME's Best Mid-Size Companies are selected using employee survey data from approximately 217,000 employees at U.S. companies over the past three years, three years of revenue data for companies with $100 million to $10 billion in revenue, and ESG metrics including carbon emissions and reductions, board diversity and human rights policies, and CSR reporting and anti-corruption practices.

For award information, visit time.com/7344241/americas-best-midsize-companies-of-2025.

About Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc., through its primary operating subsidiary Southwest Gas Corporation, engages in the business of purchasing, distributing, and transporting natural gas. Southwest Gas Corporation is a dynamic energy company committed to exceeding the expectations of over 2 million customers throughout Arizona, Nevada, and California by providing safe and reliable service while innovating sustainable energy solutions to fuel the growth in its communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/time-recognizes-southwest-gas-holdings-as-a-best-mid-size-company-in-america-for-two-consecutive-years-302673481.html

SOURCE Southwest Gas Holdings, Inc.

FAQ

Why was Southwest Gas Holdings (SWX) named a TIME Best Mid-Size Company for 2025?

Awarded for strong employee satisfaction, consistent revenue growth, and transparency in sustainability practices. According to Southwest Gas Holdings, the recognition reflects workplace culture, three years of revenue performance, and ESG disclosures used in TIME's selection process.

How does TIME select America's Best Mid-Size Companies and how does SWX meet those criteria?

TIME uses employee surveys, three years of revenue data, and ESG metrics to select winners. According to Southwest Gas Holdings, SWX scored well on employee survey results, sustained revenue performance within the $100M–$10B range, and public ESG reporting.

Does the TIME recognition for SWX in 2025 affect Southwest Gas Holdings' financial guidance or reporting?

The award is a recognition of workplace and ESG performance and does not change reported financial guidance. According to Southwest Gas Holdings, the accolade reflects culture and transparency rather than altering formal financial disclosures.

What aspects of ESG did TIME evaluate when naming SWX a Best Mid-Size Company for 2025?

TIME evaluated carbon emissions and reductions, board diversity, human rights policies, CSR reporting, and anti-corruption practices. According to Southwest Gas Holdings, those ESG metrics contributed to the company's selection for the 2025 list.

Is this the first time Southwest Gas Holdings (SWX) has been on TIME's Best Mid-Size Companies list?

No, this is the second consecutive year Southwest Gas Holdings has been named to the list for 2025. According to Southwest Gas Holdings, the back-to-back recognition underscores ongoing employee satisfaction and sustainability efforts.