Southwest Gas Holdings, Inc.
Company Stats
- Market Cap
- $5.9B
- as of Sep 30, 2026
- Shares Outstanding
- 72.4M
- Free Float
- 86.1%
Income Statement
- Revenue
- $1.9B
- Operating Income
- $473.9M
- Net Income
- $439.8M
- EBITDA
- $804.6M
Cash Flow
- Free Cash Flow
- -$251.8M
- FCF Yield
- -4.3%
- Owner FCF Yield
- -4.5%
Balance Sheet
- Cash & Equivalents
- $576.6M
Returns & Capital
- Dividends Paid
- $178.5M
- Dividend Yield
- 3.0%
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $1.9B | -$251.8M | -13.0% |
| FY2024 | $2.5B | $509.2M | 20.6% |
| FY2023 | $5.4B | -$256.7M | -4.7% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 3, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Energy Earnings: Demand Runs Hot, Capex Stays Disciplined