{
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  "organisationId": "O-f462fb29648d4dbfbf2cc43dd9586765",
  "slug": "southwest-gas-holdings-inc",
  "name": "Southwest Gas Holdings, Inc.",
  "updatedAt": "2026-10-02T16:18:11.157207Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Southwest Gas Holdings, Inc. is a U.S. energy holding company whose business, following Centuri’s deconsolidation in August 2025, is natural gas distribution through Southwest Gas Corporation. The utility purchases, distributes, and transports natural gas for residential, commercial, and industrial customers. [P106742562][P63992426][P82262146]\n\nIts regulated service territory covers parts of Arizona, Nevada, and California, where it served approximately 2.281 million customers at year-end 2025. [P97989577][P38260907] Company purpose is stated as “Improving the quality of life in our community by delivering energy safely and providing resources to manage energy use.” [https://southwestgas.com/]\n\nAs scale indicators, reported 2025 revenue was about $1.94 billion, and the company had 2,453 employees at December 31, 2025. [https://stockanalysis.com/stocks/swx/revenue/][https://stockanalysis.com/stocks/swx/employees/]\n[P106742562][P63992426][P82262146][P97989577][P38260907][https://southwestgas.com/][https://stockanalysis.com/stocks/swx/revenue/][https://stockanalysis.com/stocks/swx/employees/]",
      "updatedAt": "2026-10-02T16:18:11.157207Z"
    },
    {
      "type": "PRODUCTS",
      "text": "Southwest Gas provides natural-gas distribution service to residential, commercial, and industrial customers, including gas used for household heating and cooking and for commercial and industrial operations. At December 31, 2025, it served approximately 2.281 million customers and installed 37,000 first-time meters during the year. [P82262146][P92892939][P97989577]\n\nAlongside gas sales, the company transports customer-secured natural gas to end users. Transportation service accounted for 41% of system throughput in 2025, or 83.7 million dekatherms, and 11% of operating margin. [P39180520] For 2023–2025, residential and small-commercial distribution sales generated 85% of operating margin, other distribution sales 4%, and transportation 11%; these figures describe operating-margin mix, not revenue mix. [T1101990]\n\nThe company also offers transportation support and commercial and industrial customer services. Its published service descriptions include commercial equipment evaluations and energy-saving assistance, as well as industrial site and equipment evaluations that may consider gas rates, pipeline tariffs, capacity, and reliability. [https://www.swgas.com/en/transportation-services][https://www.swgas.com/en/commercial-services][https://h2www.swgas.com/en/industrial-services]\n[P82262146][P92892939][P97989577][P39180520][T1101990][T1101990][T1101990][https://www.swgas.com/en/transportation-services][https://www.swgas.com/en/commercial-services][https://h2www.swgas.com/en/industrial-services][https://www.swgas.com/en/transportation-services][https://www.swgas.com/en/commercial-services][https://h2www.swgas.com/en/industrial-services]",
      "updatedAt": "2026-10-02T16:18:11.157207Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "Southwest Gas Holdings’ regulated gas-distribution operations serve portions of Arizona, Nevada, and California. Arizona service areas include Phoenix, Tucson, and surrounding communities. In Nevada, service spans the Las Vegas Valley and Clark County in the south and an area extending from Lake Tahoe to Elko in the north. California service includes high-desert communities in San Bernardino County and communities in Placer, El Dorado, and Nevada counties near Lake Tahoe. Its customers use natural gas for residential, commercial, agricultural, and industrial purposes. [P146383192][P27159189]\n\nAt June 30, 2026, the company served approximately 2.293 million customers: 1.231 million in Arizona, 854,000 in Nevada, and 208,000 in California. For the trailing 12 months ended that date, operating margin—not revenue—was approximately 52% from Arizona, 34% from Nevada, and 14% from California; the company does not report state-level revenue in the cited filing. [P146383193] The company’s principal office is in Las Vegas, Nevada. Its service-area map also lists division offices in Tucson, Phoenix, Victorville, and Carson City. [P146382967][https://www.swgas.com/7200000200599/SWG-Territory-Map-03-2022.pdf]\n[P146383192][P27159189][P146383193][P146382967][https://www.swgas.com/7200000200599/SWG-Territory-Map-03-2022.pdf]",
      "updatedAt": "2026-10-02T16:18:11.157207Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Southwest Gas Holdings reports one current reportable segment: **Natural Gas Distribution**. It purchases, distributes, and transports natural gas to customers in parts of Arizona, Nevada, and California, and includes two regulated interstate pipelines. It accounts for 100% of the company’s current reportable segments; this describes the segment structure, not its share of consolidated revenue. [P146383191][P114642831][P58259758]\n\n**Utility Infrastructure Services**, formerly conducted through Centuri, was the company’s other reportable segment. Southwest Gas Holdings deconsolidated and sold Centuri in 2025, and the 2025 filing treats it as discontinued operations; it is therefore not part of the current segment breakdown. [P28478810][P75200735][P63992426]\n[P146383191][P114642831][P58259758][P28478810][P75200735][P63992426]",
      "updatedAt": "2026-10-02T16:18:11.157207Z"
    },
    {
      "type": "HISTORY",
      "text": "Southwest Gas traces its origins to an LPG business founded in Barstow, California, in March 1931 by H.G. Laub, Joe Gray Jr. and John Koeneman. It began natural-gas service in Douglas, Arizona, within two years, and expanded into central Arizona and Henderson, Nevada, in 1954. The company became publicly owned in 1956. [https://h1www.swgas.com/en/90th-anniversary][https://swgas.com/en/history-timeline][https://swgas.com/1409197615676/swgas-sustainability-report.pdf]\n\nOn January 1, 2017, Southwest Gas Holdings, Inc. became the parent of Southwest Gas Corporation and Centuri Construction Group through a holding-company reorganization. [https://swgas.com/en/news/southwest-gas-corporation-announces-holding-company-structure] The company later reshaped its portfolio: it ceased owning MountainWest in February 2023, completed Centuri’s IPO in April 2024 while retaining a majority stake, and sold its remaining Centuri shares in September 2025. [P63992426][P75200735][P68865567]\n[https://h1www.swgas.com/en/90th-anniversary][https://swgas.com/en/history-timeline][https://swgas.com/1409197615676/swgas-sustainability-report.pdf][https://swgas.com/en/news/southwest-gas-corporation-announces-holding-company-structure][P63992426][P75200735][P68865567][https://h1www.swgas.com/en/90th-anniversary][https://swgas.com/en/history-timeline][https://swgas.com/1409197615676/swgas-sustainability-report.pdf][https://swgas.com/en/news/southwest-gas-corporation-announces-holding-company-structure]",
      "updatedAt": "2026-10-02T16:18:11.157207Z"
    }
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