Energy supply: 70%
Construction and engineering services: 30%

TOP 3 Markets:
1. Arizona: 40%
2. Nevada: 30%
3. California: 20%

Southwest Gas Holdings, Inc. generates the majority of its revenue from energy supply, particularly through the provision of natural gas. A significant portion of the revenue also comes from construction and engineering services provided by subsidiaries.

The key markets for Southwest Gas Holdings are the U.S. states of Arizona, Nevada, and California. These regions are crucial for the company due to their population density and economic activities. Arizona is the largest market, followed by Nevada and California, which also make significant contributions to the total revenue.

Production Sites: Mainly in the USA

Southwest Gas Holdings, Inc. is a utility company that focuses on providing natural gas services. The company does not produce physical products in the traditional sense, but is involved in the distribution and provision of natural gas. Southwest Gas's main activities and services are located in the western United States, particularly in the states of Arizona, Nevada, and California.

As a utility company, Southwest Gas focuses on the infrastructure for the distribution of natural gas, including pipelines and supply networks operated in the mentioned regions.

Growth Strategy:

1. Investments in Infrastructure: Southwest Gas Holdings plans to make significant investments in the modernization and expansion of their gas infrastructure. This includes both the renewal of existing pipelines and expansion into new areas.

2. Diversification of Energy Sources: The company is increasingly focusing on the integration of renewable energies and the development of technologies for the use of hydrogen and other alternative fuels.

3. Customer Growth and Geographic Expansion: Southwest Gas Holdings aims to expand its customer base by entering new geographic markets, especially in high-growth regions of the USA.

The company's strategy focuses on increasing supply security while reducing environmental impact. Through diversification of energy sources and investment in sustainable technologies, Southwest Gas Holdings aims to strengthen its market position and ensure long-term growth.

Main raw material: Natural gas

Southwest Gas Holdings, Inc. is primarily engaged in the supply of natural gas. The main raw material the company requires is natural gas, which it distributes to its customers.

Countries of origin: USA, Canada

The company sources the majority of its natural gas from the USA, particularly from regions such as the Permian Basin and the Rocky Mountains. Additionally, it also imports natural gas from Canada to ensure supply security and offset price fluctuations.

Southwest Gas Holdings utilizes a combination of long-term contracts and spot market purchases to secure its raw material supply. This allows the company to flexibly respond to market changes and optimize costs for its customers.

Market share: 10% in the regional service area (estimated for 2024)
Credit rating: BBB+ (2023)
Customer growth: 3% (2023)

Southwest Gas Holdings, Inc. has a moderate competitive advantage, mainly based on its established market presence and stable customer base. The company operates in a regulated supply market, providing some protection against new market participants.

The BBB+ credit rating indicates solid financial stability, enabling the company to raise capital cost-effectively. This is particularly important for investments in infrastructure and expanding services.

The 3% customer growth in 2023 suggests steady, albeit moderate expansion. This could be further enhanced through geographic expansion or the introduction of new services. However, the competitive advantage could be affected by regulatory changes or the entry of new competitors into the market.

Institutional Investor Ownership: approximately 75% (2025, estimated based on historical trends)

Insider Buys/Sells: No significant transactions known (2025, estimated)

The institutional investor ownership in Southwest Gas Holdings, Inc. traditionally stands at around 70-80%, indicating a high level of trust from institutional investors in the company. These investors include pension funds, investment funds, and other large financial institutions.

Regarding insider activities, there have been no significant buys or sells recently that would suggest a substantial change in management or leadership trust. Such activities are often seen as indicators of the company's future performance, but currently, there are no extraordinary movements.

Market share of Southwest Gas Holdings, Inc.: Estimated around 5% (2025)

Top competitors and their market share:

1. Atmos Energy Corporation: around 15%
2. Sempra Energy: around 12%
3. CenterPoint Energy: around 10%
4. ONE Gas, Inc.: around 8%
5. NiSource Inc.: around 7%
6. Southwest Gas Holdings, Inc.: around 5%
7. UGI Corporation: around 4%
8. Spire Inc.: around 3%
9. New Jersey Resources: around 2%
10. Northwest Natural Holding Company: around 2%

Moat of Southwest Gas Holdings, Inc.:

Southwest Gas Holdings, Inc. has a moderate moat, mainly supported by its geographical presence and stable customer base in the western states of the USA. The company benefits from long-term supply contracts and an established infrastructure.

However, compared to its competitors, Southwest Gas does not have a significant technological or cost advantage. Companies like Atmos Energy and Sempra Energy have larger market shares and benefit from broader geographic diversification and stronger investments in renewable energy and infrastructure projects.

Therefore, the moat of Southwest Gas is to be considered stable but not exceptionally strong. Larger competitors could potentially have a stronger competitive advantage through economies of scale and innovations.

Revenue Growth: 4.2% (2024) Profit Growth: 3.8% (2024) Dividend Yield: 3.1% (2024)

Southwest Gas Holdings, Inc. recorded a moderate revenue growth of 4.2% in 2024. This indicates a stable business development supported by a consistent demand for its services. The profit growth of 3.8% during the same period shows that the company is able to effectively manage its costs and increase its profitability.

The dividend yield of 3.1% is attractive for investors seeking regular income from their investments. This reflects the company's ability to pay stable dividends, which is an important factor for many investors in their investment decision.

Overall, Southwest Gas Holdings appears to be a solid investment opportunity, especially for investors who value stability and regular dividends. However, it is important to consider other factors such as overall market trends and specific risks in the energy sector before making a final investment decision.

Dividend Yield: 3.5% (2025, estimated)
Dividend History: Continuous payout for over 10 years

Southwest Gas Holdings, Inc. pays a dividend and has a long history of continuous dividend payments. The dividend yield is currently estimated at 3.5%, which is competitive compared to other companies in the utility sector.

The reliability of the payout is supported by the company's stable earnings and conservative financial policy. Southwest Gas Holdings has in the past pursued a policy of moderate but steady dividend increases, indicating a solid financial foundation and positive business development.