Southwest Gas Holdings, Inc.

NYSE•SWX

CEO: Ms. Karen S. Haller

板块: Utilities

行业: Regulated Gas

上市日期: 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.

联系方式

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

702-876-7237

www.swgasholdings.com

市值

$6.33B

市盈率 (TTM)

14.4

35.1

股息率

2.8%

52周最高

$90.00

52周最低

$64.69

52周范围

91%

排名37Top 34.1%

4.4

F-Score

改良版 Piotroski 分析

基于 10 年期基本面

一般 • 4.4 / 9 分

评分区间 (0-9)

8-9: 价值优异

6-7: 基本面强劲

4-5: 整体稳健

0-3: 表现疲弱

数据范围: 2016-2025

财务仪表盘

Q4 2025 数据

营业收入

$480.74M+0.00%

近4季度走势

每股收益

$0.94+0.00%

近4季度走势

自由现金流

-$502.66M+0.00%

近4季度走势

2025 Annual 财报亮点

核心亮点

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.

关注风险

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.

前瞻展望

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.

同行对比

营业收入 (TTM)

PCG

$24.94B

+2.1%

CMS

$8.54B

+13.6%

UGI

$7.34B

+3.1%

毛利率 (最新季度)

CMS

127.9%

-13.3pp

OGS

96.3%

+35.7pp

BIPC

64.4%

+3.7pp

关键指标

股票代码	市值	市盈率 (TTM)	净资产收益率 (TTM)	负债率
PCG	$39.85B	14.8	8.6%	43.3%
CMS	$23.66B	21.7	12.3%	46.8%
UGI	$7.89B	13.2	12.2%	42.8%

长期趋势

近4季度

营业收入

净利润

经营现金流

4季度营收复合增长率

-28.2%

增长承压

4季度净利润复合增长率

-15.6%

盈利能力下滑

现金流稳定性

100%

现金流表现优异

深度研究

下次财报:2026年5月11日

每股收益:$1.97

营业收入:$629.04M

财务数据

电话会议

财务报告

新闻

利润表

资产负债表

现金流量表

财务比率

变化率

利润表	过去12个月

无数据