Southwest Gas Holdings, Inc.

SWX - Financial Snapshot

Utilities sector | Utilities - Regulated Gas industry

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Metrics for SWX

Price	$93.07
Shares Outstanding	72.36M
All-Time Low	$6.25
52-Week Low	$64.69

Balance Statement Metrics

Net Cash / Share	$0 cashValuePerShare = (Cash + Short Term Investments - Total Liabilities) / Shares Outstanding ⇒ cashValuePerShare = ((576,645,000 - 6,468,358,000) / 72,364,630) = -81.417
Net Current Assets / Share	$-72.91 netCurrentAssetsPerShare = (Current Assets - Total Liabilities) / Shares Outstanding ⇒ netCurrentAssetsPerShare = ((1,192,092,000 - 6,468,358,000) / 72,364,630) = -72.9122
Net Tangible Assets / Share	$54.58 netTangibleAssetsPerShare = (Total Assets - Intangibles - Total Liabilities) / Shares Outstanding ⇒ netTangibleAssetsPerShare = ((10,429,477,000 - 11,155,000 - 6,468,358,000) / 72,364,630) = 54.58
Shares Outstanding Ave Change (Annual)	5.91%
Shares Δ YoY	0.31%
Avg CA Burn (Annual %)	19.40% (as of 3-15-2026)
Avg CA Burn (Quarterly %)	-4.89% (as of 3-15-2026)

Earning Metrics

Max Earning Power / Share	$34.89 maxEarningPowerPerShare = (EBITDA / EP_MULTIPLIER) / Shares Outstanding ⇒ maxEarningPowerPerShare = ((265,126,000 / 0.105) / 72,364,630) = 34.8929
Adjusted Earning Power	$9.0 adjustedEarningPower = (Net Income / EP_MULTIPLIER) / Shares Outstanding ⇒ adjustedEarningPower = ((68,363,000 / 0.105) / 72,364,630) = 8.9972
Non-Cash Charges to Market Cap	1.32% nonCashChargeToMKTCAP = Non-Cash Charges / Market Capitalization
Avg EBITDA (5Y)	771.1M (as of 3-15-2026)
Avg EBITDA (5Q)	250.4M (as of 3-15-2026)
Avg Net Income (5Y)	86.8M (as of 3-15-2026)
Avg Net Income (5Q)	106.5M (as of 3-15-2026)

Data as of: Price 05-04-26 16:00 ET, Balance Sheet 2025-12-31, Income Statement 2025-12-31, Cash Flow 2025-12-31

Indicators

Dividend indicators	Value	Date
Current Dividend Streak	Yes	3-15-2026
Consecutive Years Paid	40 years	3-15-2026
Pays Dividend	Yes	3-15-2026
Dividend Type	common	3-15-2026
Dividend Payout / Share	$0.62	3-15-2026
Last Dividend Date	3-1-26

Income indicators	Value	Date
EBITDA Positive	Yes	3-15-2026
Net Income Positive	Yes	3-15-2026
Current Dividend Streak	Yes	3-15-2026

Metric History Explorer

Pick a metric to view its history table and chart.

Tangible Book Value Per Share History

Formula: Tangible Book Value / shares from balance statements. Includes 6 quarterly + 4 annual.

Chart plots one TBV / Share point per report date (duplicate same-date annual/quarterly rows are merged).

Report Date	Period	TBV / Share	Tangible Book Value	Shares Used
2025-12-31	Quarterly	$54.69	3.9B ($3,949,964,000)	72.2M (72,224,593)
2025-09-30	Quarterly	$54.27	3.9B ($3,917,524,000)	72.2M (72,180,889)
2025-06-30	Quarterly	$40.13	2.9B ($2,888,153,000)	72M (71,978,168)
2025-03-31	Quarterly	$38.90	2.8B ($2,797,599,000)	71.9M (71,910,713)
2024-12-31	Quarterly	$37.93	2.7B ($2,722,986,000)	71.8M (71,782,756)
2024-12-31	Annual	$37.93	2.7B ($2,722,986,000)	71.8M (71,782,756)
2024-09-30	Quarterly	$37.19	2.7B ($2,667,798,000)	71.7M (71,740,332)
2023-12-31	Annual	$35.22	2.5B ($2,520,307,000)	71.6M (71,563,750)
2022-12-31	Annual	$33.84	2.3B ($2,271,509,000)	67.1M (67,119,143)
2021-12-31	Annual	$19.40	1.2B ($1,172,488,000)	60.4M (60,422,081)

Revenue History (Annual)

Revenue from income statements. Includes 4 annual.

Chart plots one annual Revenue point per report date.

Report Date	Revenue
2024-12-31	5.1B ($5,112,445,000)
2023-12-31	5.4B ($5,433,972,000)
2022-12-31	5B ($4,960,009,000)
2021-12-31	3.7B ($3,680,451,000)

Dividend Payments

Historical cash dividends per share from Yahoo ex-dividend dates.

Date	Dividend / Share
2026-02-17	$0.62
2025-11-17	$0.62
2025-08-15	$0.62
2025-05-15	$0.62
2025-02-18	$0.62

Show 152 older dividend payments

Date	Dividend / Share
2024-11-15	$0.62
2024-08-15	$0.62
2024-05-14	$0.62
2024-02-14	$0.62
2023-11-14	$0.62
2023-08-14	$0.62
2023-05-12	$0.62
2023-02-14	$0.62
2022-11-14	$0.62
2022-08-12	$0.62
2022-05-13	$0.62
2022-02-14	$0.595
2021-11-12	$0.595
2021-08-13	$0.595
2021-05-14	$0.595
2021-02-12	$0.57
2020-11-13	$0.57
2020-08-14	$0.57
2020-05-14	$0.57
2020-02-14	$0.545
2019-11-14	$0.545
2019-08-14	$0.545
2019-05-14	$0.545
2019-02-14	$0.52
2018-11-14	$0.52
2018-08-14	$0.52
2018-05-14	$0.52
2018-02-14	$0.495
2017-11-14	$0.495
2017-08-11	$0.495
2017-05-11	$0.495
2017-02-13	$0.45
2016-11-10	$0.45
2016-08-11	$0.45
2016-05-12	$0.45
2016-02-11	$0.405
2015-11-12	$0.405
2015-08-13	$0.405
2015-05-13	$0.405
2015-02-12	$0.365
2014-11-13	$0.365
2014-08-13	$0.365
2014-05-13	$0.365
2014-02-13	$0.33
2013-11-13	$0.33
2013-08-13	$0.33
2013-05-13	$0.33
2013-02-13	$0.295
2012-11-13	$0.295
2012-08-13	$0.295
2012-05-11	$0.295
2012-02-13	$0.265
2011-11-10	$0.265
2011-08-11	$0.265
2011-05-12	$0.265
2011-02-11	$0.25
2010-11-10	$0.25
2010-08-12	$0.25
2010-05-13	$0.25
2010-02-11	$0.238
2009-11-12	$0.238
2009-08-13	$0.238
2009-05-13	$0.238
2009-02-11	$0.225
2008-11-13	$0.225
2008-08-13	$0.225
2008-05-13	$0.225
2008-02-13	$0.215
2007-11-13	$0.215
2007-08-13	$0.215
2007-05-11	$0.215
2007-02-13	$0.205
2006-11-13	$0.205
2006-08-11	$0.205
2006-05-11	$0.205
2006-02-13	$0.205
2005-11-10	$0.205
2005-08-11	$0.205
2005-05-12	$0.205
2005-02-11	$0.205
2004-11-10	$0.205
2004-08-12	$0.205
2004-05-13	$0.205
2004-02-12	$0.205
2003-11-13	$0.205
2003-08-13	$0.205
2003-05-13	$0.205
2003-02-13	$0.215
2002-11-13	$0.205
2002-08-13	$0.205
2002-05-13	$0.205
2002-02-13	$0.205
2001-11-13	$0.205
2001-08-13	$0.205
2001-05-11	$0.205
2001-02-13	$0.205
2000-11-14	$0.205
2000-08-14	$0.205
2000-05-15	$0.205
2000-02-14	$0.205
1999-11-12	$0.205
1999-08-12	$0.205
1999-05-13	$0.205
1999-02-11	$0.205
1998-11-12	$0.205
1998-08-18	$0.205
1998-05-13	$0.205
1998-02-12	$0.205
1997-11-13	$0.205
1997-08-13	$0.205
1997-05-13	$0.205
1997-02-12	$0.205
1996-11-13	$0.205
1996-08-13	$0.205
1996-05-13	$0.205
1996-02-13	$0.205
1995-11-13	$0.205
1995-08-11	$0.205
1995-05-09	$0.205
1995-02-09	$0.205
1994-11-08	$0.205
1994-08-10	$0.205
1994-05-10	$0.195
1994-02-10	$0.195
1993-11-08	$0.195
1993-08-10	$0.195
1993-05-10	$0.175
1993-02-09	$0.175
1992-11-06	$0.175
1992-08-10	$0.175
1992-05-11	$0.175
1992-02-10	$0.175
1991-11-04	$0.175
1991-08-05	$0.175
1991-05-06	$0.35
1991-02-04	$0.35
1990-11-05	$0.35
1990-08-06	$0.35
1990-05-04	$0.35
1990-02-05	$0.35
1989-11-06	$0.35
1989-08-04	$0.35
1989-05-04	$0.335
1989-02-06	$0.335
1988-11-04	$0.335
1988-08-04	$0.335
1988-05-04	$0.335
1988-02-04	$0.335
1987-11-04	$0.335
1987-08-04	$0.32
1987-05-05	$0.32
1987-02-04	$0.32

Shares Outstanding Changes

Date	Shares Outstanding	Delta
2026-03-26	72,364,630	+95,505
2026-03-10	72,269,125	+85,222

Short Interest Changes

Latest short-interest change: 1,369,217 shares (2.47% of float) | Days to cover: 2.86

Date	Short Interest	Delta	Δ %
2026-04-27	1,369,217 shares	-59,382	-4.16%
2026-04-13	1,428,599 shares	+150,722	+11.79%
2026-03-24	1,277,877 shares	+224,704	+21.34%
2026-03-11	1,053,173 shares	-82,118	-7.23%
2026-02-26	1,135,291 shares	+78,994	+7.48%
2026-02-11	1,056,297 shares	-223,438	-17.46%

Interesting Volume Days

Volume/ratio use shares outstanding as of the event date (frozen).

Date	Volume	Shares Outstanding	Volume / Shares	Price
No interesting volume events

Southwest Gas Holdings, Inc., through its subsidiaries, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California. The company operates through two segments, Natural Gas Distribution and Utility Infrastructure Services. It offers tariff sales and transportation services. The company also provides installation, replacement, repair, and maintenance of energy distribution systems, as well as undertakes gas construction works in North America. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.