Southwest Gas Holdings Inc

swgasholdings.com

Southwest Gas Holdings Inc (NYSE: SWX) is a natural gas distribution company that delivers natural gas to residential, commercial, and industrial customers across its regulated service territories. It earns revenue through state-regulated tariff rates set by utility commissions, including the Arizona Corporation Commission, California Public Utilities Commission, and Nevada regulators, allowing it to recover costs plus an authorized return on invested capital. Southwest Gas Corporation, the wholly owned utility subsidiary, operates the distribution network and files the combined 10-K with the holding company. The business is capital-intensive by structure, with rate cases and annual rate adjustment mechanisms determining allowed revenue. Regulatory approvals for rate changes introduce lag between cost increases and recovery. The company is incorporated and headquartered in the United States and trades on the New York Stock Exchange. All outstanding shares of Southwest Gas Corporation are held by Southwest Gas Holdings Inc, as of February 18, 2026.