Welcome to our dedicated page for Southwest Gas Holdings SEC filings (Ticker: SWX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Southwest Gas Holdings, Inc. filings document the regulatory, financial, governance, and capital-structure disclosures of a NYSE-listed natural gas utility holding company. Current reports furnish operating results, dividend actions, rate-case developments, Great Basin project disclosures, and material corporate events involving Southwest Gas Holdings and Southwest Gas Corporation.
Proxy materials cover board composition, director elections, executive compensation, shareholder voting matters, and governance arrangements. The filing record also includes executive and director transition disclosures, termination of a cooperation agreement with the Icahn Group, common stock registration details, and accounting matters related to deferred income tax liabilities and financial-statement reliance.
Southwest Gas Holdings, Inc., now focused on regulated natural gas distribution after Centuri’s 2025 deconsolidation, reported higher results from continuing operations for the quarter and six months ended June 30, 2026. Regulated revenues were $358,154 thousand in the quarter and $943,273 thousand year‑to‑date, while net income from continuing operations attributable to shareholders reached $42,122 thousand for the quarter and $180,496 thousand for six months, or $0.58 and $2.49 per diluted share.
Operating margin (regulated revenues less net cost of gas) rose to $319,712 thousand in the quarter and $796,677 thousand year‑to‑date, mainly from updated rates, including CPUC approval of a California general rate case and All‑Party Settlement that provided a $39,500‑thousand revenue increase plus $20,200 thousand of retroactive revenue, along with customer growth and decoupling mechanisms. Offsetting factors were higher depreciation from a larger gas plant base and higher income tax expense as prior‑year state tax benefits did not recur and amortization of excess deferred taxes declined.
At June 30, 2026, total assets were $10,475,435 thousand, long‑term debt (less current maturities) was $3,409,859 thousand, and cash and cash equivalents were $270,518 thousand. Management cites nearly $1.0 billion of available liquidity, no borrowings under revolving credit facilities, and capital expenditures of $529,116 thousand year‑to‑date, including Great Basin 2028 expansion work backed by 948,876 mcf per day of contracted capacity and a $50,100‑thousand transportation backlog through 2029. The company also restated 2025 interim results to correct state deferred income tax calculations, increasing prior‑year income tax expense and deferred tax liabilities by approximately $27,300 thousand.
Southwest Gas Holdings reported stronger profitability for the quarter and six months ended June 30, 2026, while reaffirming full-year 2026 guidance. Net income from continuing operations was $42.1 million for the quarter and $180.5 million year-to-date, compared with a small loss and lower profit, respectively, in 2025. Adjusted diluted earnings per share from continuing operations were $0.45 in the quarter versus $0.37 a year earlier, and $2.49 for the first six months versus $2.23. Consolidated operating revenues were $358.2 million for the quarter and $943.3 million year-to-date, below 2025 levels, but operating margin and corporate results improved.
The natural gas distribution segment delivered a 12‑month utility return on equity of 8.1% (8.0% adjusted). The company highlighted constructive regulatory outcomes, including a California rate decision providing about $40 million of incremental annual revenue and recognizing roughly $9.7 million of previously deferred revenue in the quarter. Liquidity remained solid with $270.5 million of cash and nearly $1.0 billion of available liquidity.
Southwest Gas emphasized growth from the Great Basin 2028 Expansion Project, where binding precedent agreements now total about 1 Bcf per day of contracted demand. Based on current assumptions, the project is expected to require approximately $2.3 billion of capital and could generate annual incremental margin of $270–$300 million once in service. Long-term guidance includes 2026 EPS from continuing operations of $4.17–$4.32, 2026 capital expenditures of about $1.25 billion, and 2026–2030 adjusted EPS and rate base CAGRs of 12–14% and 9.5–11.5%, respectively.
Southwest Gas Holdings, Inc. director Molly R. Carson received a prorated equity award of 1,196.37 shares of common stock on May 7, 2026. The shares were granted in connection with her appointment as a director effective the same date and were acquired at no cash cost.
Following this grant, Carson directly holds 1,196.37 shares of Southwest Gas Holdings common stock, reflecting a routine, compensation-related equity award rather than an open-market purchase or sale.
Kim Leezie reported acquisition or exercise transactions in this Form 4 filing.
Southwest Gas Holdings, Inc. director Kim Leezie received a prorated equity award of 1,196.370 shares of common stock on May 7, 2026. The award was granted in connection with the reporting person’s appointment as a director effective the same date and is recorded as a direct ownership position. Following this grant, total direct holdings reported are 1,196.370 shares, reflecting a routine, compensation-related stock award rather than an open-market purchase or sale.
Southwest Gas Holdings, Inc. director Kim Leezie filed an initial Form 3 insider ownership report. The filing lists no transactions, with zero shares reported as bought, sold, acquired, disposed, gifted, exercised, or withheld for taxes, indicating only baseline insider reporting at this time.
Southwest Gas Holdings, Inc. director Molly R. Carson filed an initial Form 3 reporting her status as a director of the company. The filing lists no reportable insider transactions, no derivative positions, and no holding entries in this ownership report.
Southwest Gas Holdings, Inc. reported the results of its Annual Meeting of Stockholders held on May 7, 2026. Holders of approximately 64,890,029 common shares were represented in person or by proxy.
Stockholders elected 11 directors, with each nominee receiving over 60,974,923 votes "for" and relatively few "withhold" votes. They also approved, on a non-binding advisory basis, the Company’s executive compensation with 60,023,164 votes in favor versus 1,391,423 against and 123,355 abstentions.
In addition, stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2026, with 63,689,643 votes "for," 1,130,062 "against," and 70,323 abstentions. Routine broker non-votes were recorded on the director and compensation proposals.
Corvex Management LP and Keith Meister report beneficial ownership of 3,618,161 shares of Southwest Gas Holdings, Inc. common stock, representing 4.99% of the company’s outstanding shares.
The shares were purchased for approximately $218.3 million using working capital of Corvex-managed funds, and the investors note they ceased to be beneficial owners of more than five percent of the shares on May 6, 2026, based on 72,374,873 shares outstanding as of May 1, 2026.
Southwest Gas Holdings reported first-quarter 2026 income from continuing operations of $138.4 million, up from $134.3 million a year earlier, as its business is now focused solely on regulated natural gas distribution. Regulated operations revenues declined to $585.1 million from $746.4 million because lower gas costs are passed through to customers, but operating margin increased to $477.0 million from $461.8 million, reflecting new rates in Arizona and Nevada and customer growth.
Net income attributable to shareholders rose to $138.4 million, or $1.91 per basic share, compared with $113.9 million, or $1.58 per share, when prior-year results included a loss from discontinued Centuri operations. The utility invested $208.7 million in capital expenditures year-to-date, had $484.8 million of cash and cash equivalents, and maintained long-term debt of about $3.43 billion.
Management highlighted strong liquidity of nearly $1.2 billion in available capacity and raised the quarterly dividend to $0.645 per share. The company is pursuing sizable rate cases in Arizona and Nevada and a California settlement, while subsidiary Great Basin advances a potential $1.7 billion pipeline expansion project and holds backlog performance obligations of $53.5 million through 2029.
Southwest Gas Holdings reported higher first-quarter 2026 earnings from continuing operations while reaffirming its outlook. Net income from continuing operations was $138.4 million, up from $134.3 million a year earlier, and diluted earnings per share from continuing operations rose to $1.91 from $1.86, a 2.7% increase. Total net income, including prior-year discontinued operations, increased to $138.4 million from $113.9 million, even as consolidated operating revenues were $585.1 million versus $746.4 million in 2025.
The utility segment delivered a twelve‑month return on equity of 8.5% and adjusted ROE of 8.0%. The company filed general rate cases seeking roughly $101 million of additional revenue in Arizona and $71 million in Nevada to support past investments, with new rates expected in late 2026 and 2027. Great Basin’s 2028 expansion open season was significantly oversubscribed, with about 2.5 Bcf per day of expressions of interest versus a current design of up to 1.0 Bcf per day.
Southwest Gas invested $186.3 million in capital expenditures during the quarter, reported utility operating margin of $477.0 million, and ended March 31, 2026 with $484.8 million of cash and nearly $1.2 billion in available liquidity. The quarterly dividend was increased to $0.645 per share, a 4% raise over 2025. Management affirmed 2026 earnings per share guidance from continuing operations of $4.17–$4.32, along with a 2026 capital expenditure plan of about $1.25 billion and 2026–2030 targets for 12–14% adjusted EPS CAGR and 9.5–11.5% rate base CAGR.