Southwest Gas Holdings, Inc.

NYSE•SWX

CEO: Ms. Karen S. Haller

セクター: Utilities

業種: Regulated Gas

上場日: 1972-06-01

Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2023, it had 2,226,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

連絡先情報

8360 South Durango Drive, Las Vegas, NV, 89193-8510, United States

702-876-7237

www.swgasholdings.com

時価総額

$6.29B

PER (TTM)

14.3

23.9

配当利回り

2.9%

52週高値

$90.00

52週安値

$64.69

52週レンジ

88%

順位37Top 34.1%

4.4

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

堅調 • 4.4 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$480.74M+0.00%

直近4四半期の推移

EPS

$0.94+0.00%

直近4四半期の推移

フリーCF

-$502.66M+0.00%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Net Income Soars Post-Centuri Consolidated Net Income reached $439.8M in 2025, up 121.2% from $198.8M in 2024, driven by Centuri deconsolidation gain.

Natural Gas Margin Grows Natural Gas Distribution Operating Margin increased $119.6M to $1.445B in 2025, primarily from updated rates and customer growth.

Cash Flow Impacted by Deferrals Operating Cash Flow decreased substantially to $556.1M in 2025 from $1.356B in 2024 due to reduced collection of deferred PGA balances.

Asset Base Streamlined Total Assets decreased to $10.429B in 2025 from $12.073B in 2024 following the sale of the Utility Infrastructure Services segment.

リスク要因

Internal Control Material Weakness Material weakness identified in internal control over financial reporting regarding state tax apportionment rate assessment; restatements occurred.

Inflation Impacts Operating Costs Heightened inflation adversely impacts operating expenses, labor, and fuel costs, potentially reducing returns due to regulatory lag.

Pipeline Capacity Interruptions Reliance on interstate pipelines means interruptions due to physical constraints or force majeure could disrupt supply and reduce earnings.

Regulatory Lag Threatens Recovery Delays in obtaining timely rate relief to offset increased purchased gas costs or capital expenditures reduce cash flows and earnings.

見通し

Great Basin Expansion Project Planning Great Basin Expansion Project requiring estimated capital investment of $1.7B through late 2028, pending FERC approval.

Active Regulatory Case Filings Next general rate cases filed or anticipated in Arizona, Nevada, and California jurisdictions through 2026 for rate adjustments.

Technology System Modernization Implementing new financial statement consolidation software system during 2025, expected to be complete in mid-2026.

Capital Investment Forecast Estimated $6.3B in capital expenditures projected for Natural Gas Distribution segment through 2030, including expansion support.

同業比較

売上高 (TTM)

PCG

$24.94B

+2.1%

CMS

$8.54B

+13.6%

UGI

$7.34B

+3.1%

粗利益率 (最新四半期)

CMS

127.9%

-13.3pp

OGS

96.3%

+35.7pp

BIPC

64.4%

+3.7pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
PCG	$40.05B	14.9	8.6%	43.3%
CMS	$23.42B	21.4	12.3%	46.8%
UGI	$7.79B	13.0	12.2%	42.8%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

-28.2%

成長鈍化

4四半期純利益CAGR

-15.6%

収益性の低下

キャッシュフロー安定性

100%

優れたキャッシュフローの実績

深度リサーチ

次回決算:2026年5月11日

EPS:$1.97

売上高:$629.04M

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし