Southwest Gas Holdings, Inc.

NYSE•SWX

執行長: Ms. Karen S. Haller

板塊: Utilities

行業: 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.

聯絡資訊

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

702-876-7237

www.swgasholdings.com

市值

$6.59B

本益比 (TTM)

15.0

25.1

股息率

2.7%

52周最高

$93.44

52周最低

$66.93

52周範圍

91%

排名37Top 34.1%

4.4

F-Score

改良版 Piotroski 分析

基於 10 年期基本面

一般 • 4.4 / 9 分

評分區間 (0-9)

8-9: 價值優異

6-7: 基本面強勁

4-5: 整體穩健

0-3: 表現疲弱

資料區間: 2016-2025

財務儀表板

Q4 2025 數據

營業收入

$480.74M+0.00%

近4季度走勢

每股收益

$0.94+0.00%

近4季度走勢

自由現金流

-$502.66M+0.00%

近4季度走勢

2025 Annual 財報亮點

核心亮點

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.

關注風險

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.

未來展望

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.

同行對比

營業收入 (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

關鍵指標

股票代碼	市值	本益比 (TTM)	股東權益報酬率 (TTM)	負債率
PCG	$38.22B	14.2	8.6%	43.3%
CMS	$23.86B	21.7	12.3%	46.8%
UGI	$7.97B	13.3	12.2%	42.8%

長期趨勢

近4季度

營業收入

淨利

營運現金流

4季度營業收入複合增長率

-28.2%

增長承壓

4季度淨利複合增長率

-15.6%

盈利能力下滑

現金流穩定性

100%

現金流表現優異

深度研究

下次財報:2026年5月11日

每股收益:$1.97

營業收入:$629.04M

財務數據

電話會議

財務報告

新聞

損益表

資產負債表

現金流量表

財務比率

變化率

損益表	過去12個月

無資料