OakChart

Southwest Gas Holdings Inc

SWXUtilities·Utilities - Regulated Gas·USA·Mid·NYSE·Nov 11 • 11:40 AM ET

91.88-0.17 (-0.18%)
2026-11-11 17:40 CET
Market cap
6,671.57 USD m
Revenue, TTM
1,722.19 USD m
Net income, TTM
261.64 USD m
Free cash flow, TTM
-573.27 USD m
EPS diluted, TTM
3.60
P/E
25.49
Compare

Price

SWX against its 20, 50 and 200-day averages
2050200beat
80.0085.0090.0095.001.8M3.6MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26SWXclose 91.8820-day 91.0550-day 87.32200-day 88.5791.8852w high

2.7% under the 52-week high of 94.47 on 17 Jul 2026. 52-week low 78.37 on 5 Jan 2026. Last 15 sessions, 6.3% high to low

Profile

SWX
52-week range, 84% of the way up
78.3794.46

Southwest Gas Holdings, Inc. engages in the energy business. It operates through the following business segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses on purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada. The Utility Infrastructure Services segment consists of delivering an array of solutions to North America's gas and electric providers. The company was founded in March 1931 and is headquartered in Las Vegas, NV.

IndexRUT
Employees2453
IPOJul 19, 1979
Beta0.53
ATR, 14d1.95
Rel volume0.41
Short float3.77%
Insider own0.65%
Inst own96.76%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap6.66B
Enterprise Value10.14B
Income261.64M
Sales1.72B
Book/sh56.60
Cash/sh0.74
Dividend Est.2.76 (3.00%)
Dividend TTM2.53 (2.75%)
Dividend Ex-DateNov 16, 2026
Dividend Gr. 3/5Y0.00% 1.70%
Payout40.79%
Employees2453
IPOJul 19, 1979

Ratios

P/E25.49
Forward P/E18.32
PEG1.05
P/S3.87
P/B1.62
P/C124.80
P/FCF-
EV/EBITDA11.99
EV/Sales5.89
Quick Ratio0.76
Current Ratio0.88
Debt/Eq0.86
LT Debt/Eq0.85
Option/ShortYes / Yes

Earnings

EPS (ttm)3.60
EPS next Y5.01
EPS next Q1.69
EPS this Y16.68%
EPS next Y17.75%
EPS next 5Y17.51%
EPS past 3/5Y- 7.97%
Sales past 3/5Y-26.86% -10.07%
EPS Y/Y TTM-43.86%
Sales Y/Y TTM-56.99%
EPS Q/Q-95.30%
Sales Q/Q-5.91%
EarningsNov 04 BMO
EPS/Sales Surpr.39.96% -13.95%

Ownership

Insider Own0.65%
Insider Trans-0.53%
Inst Own96.76%
Inst Trans1.60%
ROA2.52%
ROE6.55%
ROIC3.44%
Gross Margin34.55%
Oper. Margin28.91%
Profit Margin15.19%
SMA200.91%
SMA505.22%
SMA2003.74%
Trades-

Technical

Shs Outstand72.47M
Shs Float72.01M
Short Float3.77%
Short Ratio4.14
Short Interest2.71M
52W High94.46 -2.74%
52W Low78.37 17.24%
Volatility3.16% 2.19%
ATR (14)1.95
RSI (14)58.71
Beta0.53
Rel Volume0.41
Avg Volume655.27K
Volume98,614

Performance

Perf Week-0.49%
Perf Month6.95%
Perf Quarter-0.23%
Perf Half Y3.56%
Perf YTD14.82%
Perf Year13.47%
Perf 3Y59.07%
Perf 5Y30.86%
Perf 10Y28.34%
Recom1.09
Target Price103.00
Prev Close92.05
Price91.88
Change %-0.18%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 09, 2026InitiatedWWolfe ResearchPeer Perform$92+0.1%
Sep 29, 2026InitiatedBScotiabankSector Outperform$95+3.4%
May 12, 2026InitiatedWWells FargoOverweight$105+14.3%
May 07, 2026UpgradeJJP MorganNeutral → Overweight$100+8.8%
Jan 15, 2026UpgradeCCitigroupNeutral → Buy$99+7.7%
Oct 29, 2025InitiatedMMizuhoOutperform$91-1.0%
Aug 29, 2025UpgradeBBofA SecuritiesNeutral → Buy$84-8.6%
Jul 08, 2025UpgradeJJefferiesHold → Buy$82-10.8%
May 23, 2025UpgradeBBofA SecuritiesUnderperform → Neutral$74-19.5%
Jan 14, 2025InitiatedJJefferiesHold$73-20.5%

Peers

Mkt cap
TickerCompanyMkt cap
OGSONE Gas Inc5.13B
ATOAtmos Energy Corp29.38B
SRSpire Inc5.23B
NJRNew Jersey Resources Corp5.53B
NWNNorthwest Natural Holding Co2.16B
BKHBlack Hills Corp6.61B
CPKChesapeake Utilities Corp3.41B
UGIUGI Corp7.99B
MDUMDU Resources Group Inc4.11B
NINiSource Inc21.69B

Insider trading

5 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Williams Julie M.SVP/Cont. Improvement and Opt.Sep 28 '26Sale81.812,500204,51826,450Sep 29 06:21 PM
Williams Julie M.OfficerSep 28 '26Proposed Sale81.812,500204,518Sep 28 04:11 PM
Teno AndrewDirectorMar 04 '26Proposed Sale88.258,211724,621Mar 04 10:12 AM
Brown Justin LPresident/Southwest Gas Corp.Jan 09 '26Sale81.083,028245,5106,320Jan 13 09:42 PM
Brown Justin LOfficerJan 09 '26Proposed Sale81.083,028245,510Jan 09 09:48 AM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.48B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
DVYiShares Select Dividend ETFAUM: 23.68B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
VXFVanguard Extended Market Index ETFAUM: 30.47B
IWNiShares Russell 2000 Value ETFAUM: 14.10B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.22B
DFASU.S. Small Cap Portfolio-ETF Class Shares-

News

latest 14 of 206
  • Southwest Gas Tops Consensus But Misses The Whisper: Regulatory Wins Outweigh A Quarter Propped Up By One-Time Items (Earnings Whispers)
  • Southwest Gas Holdings, Inc. Reports Third Quarter 2026 Financial Results, Reaffirms Full-Year 2026 Guidance (PR Newswire)
  • Southwest Gas Heads Into A Seasonally Light Quarter With Nevada And Great Basin Questions (Earnings Whispers)
  • Southwest Gas Holdings, Inc. to Report Third Quarter 2026 Results on November 4, 2026 (PR Newswire)
  • Southwest Gas Holdings Declares Fourth Quarter 2026 Dividend (PR Newswire)
  • Loading…
  • Southwest Gas Holdings Releases 2025 Sustainability Report (PR Newswire)
  • Southwest Gas Holdings Inc's Dividend Analysis (GuruFocus.com)
  • Southwest Gas Holdings Inc (SWX) (Q2 2026) Earnings Call Highlights: Strong Holdco Performance ... (GuruFocus.com)
  • Southwest Gas Holdings Reports Net Income In Q2; Reaffirms 2026 Guidance (RTT News)
  • Southwest Gas Holdings, Inc. Reports Second Quarter 2026 Financial Results, Reaffirms Full-Year 2026 Guidance (PR Newswire)
  • Southwest Gas Holdings, Inc. to Report Second Quarter 2026 Results on August 5, 2026 (PR Newswire)
  • Southwest Gas Holdings Declares Third Quarter 2026 Dividend (PR Newswire)
  • Southwest Gas Foundation Kicks Off 60th Anniversary with 'Month of Giving' in June (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-040.2000.1430.180298.18346.519
2026Q22026-08-050.5800.4510.580358.15416.26
2026Q12026-05-051.9102.0201.907585.12695.523
2025Q42026-02-251.3601.3350.942480.74587.013
2025Q32025-11-053.7400.0483.736316.91759.132
2025Q22025-08-06-0.1800.390-0.1791,1201,1724
2025Q12025-05-121.5801.4601.5791,2961,4964
2024Q42025-02-261.2801.1161.2821,2701,3464
2024Q32024-11-060.0000.1630.0041,0791,1153
2024Q22024-08-060.2500.4840.2551,1821,1973
2024Q12024-05-081.2201.4181.2211,5811,3812
2023Q42024-02-281.0100.9701.0131,3681,2953
2023Q32023-11-080.0400.0240.0451,1691,0802
2023Q22023-08-090.4000.3380.4031,2941,1053
2023Q12023-05-090.6701.4210.6711,6031,3373
2022Q42023-02-28-4.1801.693-4.1751,4211,1953

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY3.9403.6883.9393,1203,097
2020FY4.1403.9364.1433,2993,273
2021FY3.3903.9843.3883,6803,558
2022FY-3.1003.232-3.1014,9604,650
2023FY2.1302.9402.1265,4345,350
2024FY2.7602.8582.7605,1125,203
2025FY3.6505.4616.0801,9403,623
2026FY-4.259--1,934
2027FY-5.015--2,064
2028FY-5.922--2,187
2029FY-6.753--2,587
2030FY-7.176--2,743

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-05411596.66512758.02
2026Q4S2026-11-04401589.19512728.14
2026Q4S2026-10-21400592.67515.52728.14
2026Q4S2026-10-20400592.17515.52728.14
2026Q4S2026-10-19410592.17515.52728.14
2026Q4S2026-09-10411591.67513.52728.14
2026Q4S2026-08-06411592.79518728.14
2026Q4S2026-08-05401575.76518660.04
2026Q4S2026-07-21410578.01518660.04
2026Q4S2026-06-05310598.02533660.04
2026Q4S2026-05-20300592.02515660.04
2026Q4S2026-05-08301592.02515660.04
2026Q4S2026-05-05201558.01515601.01
2026Q4S2026-04-22201558.01515601.01

Estimate history

EPS, annual4.0393.6843.9394.1433.388-3.1012.1262.766.083.6044
Period201720182019202020212022202320242025TTM
EPS, quarterly0.0041.2821.579-0.1793.7360.9421.9070.580.176
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual2548.7922880.0133119.9173298.8733680.4514960.0095433.9722475.2161940.381722.19
Period201720182019202020212022202320242025TTM
Sales, quarterly1079.1841270.1371296.4971120.37316.911480.735585.119358.154298.183
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual48.0953.02755.00757.19360.42267.11971.56471.78372.22572.467
Period201720182019202020212022202320242025MRQ
Shares, quarterly71.7471.78371.91171.97872.18172.22572.37372.44472.467
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue1,722.191,940.382,475.225,433.974,960.013,680.453,298.873,119.922,880.01
Cost of Goods Sold Incl. D&A1,127.151,372.421,979.784,855.664,435.603,230.562,812.412,685.782,457.48
Gross Profit595.04567.96495.44578.31524.41449.89486.46434.14422.53
Other Operating Expense97.1494.0788.9788.7593.3880.3463.4662.3359.90
Operating Income497.89473.89406.47489.56431.03369.55423.00371.81362.63
Interest Expense177.41203.08206.53292.29242.75119.20111.48109.2396.67
Unusual Expense0.000.000.0071.23455.430.000.00-6.90
Net Income Before Taxes373.98330.87254.14197.35-273.34246.85304.74272.67243.34
Income Taxes110.8696.0433.1641.83-75.6539.6565.7556.0261.68
Consolidated Net Income263.11234.84220.98155.52-197.68207.20238.99216.65181.65
Net Income From Continuing Operations263.11239.48214.96150.89-203.29200.78232.32213.94182.28
Net Income261.64439.83198.81150.89-203.29200.78232.32213.94182.28
EPS (Recurring)3.596.082.762.831.763.394.143.943.78
EPS (Basic, Before Extraordinaries)3.616.092.772.13-3.103.394.153.943.69
EPS (Diluted)3.606.082.762.13-3.103.394.143.943.68
EBITDA845.35804.61709.57930.47901.48740.59755.03675.05611.85
Non-Operating Income (Expense)53.4960.0754.1971.31-6.19-3.50-6.7910.09-15.73
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-12.399.325.156.225.754.825.153.18
Price To Earnings Ratio25.5425.5428.37-25.2620.5014.6819.2320.79
Price To Sales Ratio3.452.982.060.830.821.131.031.321.31
Gross Margin34.5529.2720.0210.6410.5712.2214.7513.9214.67
Operating Margin28.9124.4216.429.018.6910.0412.8211.9212.59
Net Margin15.1922.678.032.78-4.105.467.046.866.33
Shares Outstanding72.4772.2271.7871.5667.1260.4257.1955.0153.03
Market Capitalization6,671.576,671.575,073.004,530.864,150.164,229.983,452.454,149.944,056.55

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue298.18358.15585.12480.74316.911,120.371,296.501,270.14
Cost of Goods Sold Incl. D&A237.94250.08340.76298.38256.541,001.661,072.311,066.64
Gross Profit60.24108.07244.36182.3660.38118.71224.18203.49
Other Operating Expense24.6923.7525.0223.6923.3723.2523.7622.55
Operating Income35.5584.33219.35158.6737.0195.46200.42180.94
Interest Expense41.3244.0545.7446.2949.0071.6172.2873.94
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes8.0051.57184.59129.813.3742.27136.86111.75
Income Taxes-4.789.4546.2259.98-0.8052.5927.6717.35
Consolidated Net Income12.7842.12138.3769.834.18-10.33109.1994.40
Net Income From Continuing Operations12.7842.12138.3769.836.69-12.88113.8792.46
Net Income12.7842.12138.3768.36270.48-12.88113.8792.46
EPS (Recurring)0.180.581.910.943.74-0.181.581.28
EPS (Basic, Before Extraordinaries)0.180.581.910.953.75-0.181.581.29
EPS (Diluted)0.180.581.910.943.74-0.181.581.28
EBITDA116.54162.17318.95247.69116.08198.62328.33296.81
Non-Operating Income (Expense)13.7611.2910.9917.4415.3718.428.714.75
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio25.5413.8414.3012.4729.1723.8526.0128.37
Price To Sales Ratio3.453.702.521.811.421.131.071.00
Gross Margin20.2030.1841.7637.9319.0510.6017.2916.02
Operating Margin11.9223.5437.4933.0011.688.5215.4614.25
Net Margin4.2911.7623.6514.2285.35-1.158.787.28
Shares Outstanding72.4772.4472.3772.2272.1871.9871.9171.78
Market Capitalization6,671.576,418.216,280.185,776.165,638.865,349.595,158.685,073.00

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments576.64314.77106.54123.08222.7083.3549.5485.3643.62
Short Term Receivables281.81299.61981.48963.08808.84615.46584.95505.78433.54
Inventories93.8293.7583.4077.3062.9050.0057.0056.0033.00
Other Current Assets234.60742.40156.812,094.08229.18120.15123.96187.70132.29
Total Current Assets1,186.881,450.541,328.233,257.541,323.62868.96815.44834.84642.45
Net Property, Plant & Equipment8,703.818,119.338,268.997,774.188,334.056,729.276,186.795,602.384,834.49
Total Investments and Advances0.000.000.000.000.000.000.000.000.00
Intangible Assets11.1511.151,158.781,182.502,207.84485.37493.53359.05179.31
Deferred Tax Assets-3.180.460.080.120.460.861.261.48
Other Assets527.632,491.881,113.44982.31899.63651.80673.43560.20579.33
Total Assets10,429.4812,072.9111,869.9013,196.6112,765.268,735.858,170.057,357.736,237.07
Short Term Debt Incl. Current Port. of LT Debt75.00680.00701.781,613.252,227.97158.32397.86185.06239.85
Accounts Payable225.73190.92346.91662.09353.37231.30238.92248.99228.31
Income Tax Payable-1.480.822.696.7312.562.0780.8412.79
Other Current Liabilities629.17961.05635.341,144.93523.98509.79441.02423.75334.93
Total Current Liabilities929.901,831.971,684.853,422.963,112.05911.971,079.86938.64815.88
Long Term Debt3,433.013,504.484,739.394,514.664,210.702,809.522,374.892,107.261,798.58
Provision for Risks Charges496.00472.00458.00445.00480.58404.00395.00383.00315.00
Deferred Tax Liabilities977.31857.98753.00682.07768.87647.45599.84529.20476.96
Other Liabilities632.141,717.40819.96913.821,042.521,122.241,130.001,066.201,018.25
Total Liabilities6,468.368,383.828,455.199,978.519,614.725,895.185,579.595,024.314,424.66
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity3,961.123,504.193,310.043,058.762,953.822,674.952,505.912,252.041,814.77
Total Shareholders Equity3,961.123,504.193,310.043,058.762,953.822,674.952,505.912,252.041,814.77
Accumulated Minority Interest0.00184.90104.67159.35196.72165.7284.5481.38-2.37
Total Equity3,961.123,689.083,414.703,218.113,150.542,840.672,590.462,333.421,812.40
Total Liabilities & Stockholders Equity10,429.4812,072.9111,869.9013,196.6112,765.268,735.858,170.057,357.736,237.07
Book Value Per Share54.8448.8246.2545.5748.8946.7745.5642.4737.74
Tangible Book Value Per Share54.6948.6630.0627.9512.3538.2836.5835.7034.01
Full-Time Employees2,45311,12214,94313,35912,72011,1492,2952,3122,285
Price to Book Ratio1.631.471.401.221.431.301.671.802.24
Return on Assets2.131.801.20-1.571.872.752.762.683.28
Return on Equity6.426.314.74-6.767.138.978.998.9611.15
Return on Invested Capital5.952.841.87-2.682.804.244.384.185.36
Quick Ratio1.180.740.740.930.410.900.700.830.75
Current Ratio1.280.790.790.950.430.950.760.890.79

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income463.46435.18204.84155.52-197.68207.20238.99216.65181.65
Depreciation347.45330.72303.10440.91470.45371.04332.03303.24249.21
Other Funds (Non Cash)-194.24-231.21171.3772.67456.540.000.000.000.00
Funds from Operations746.69652.80737.03725.87657.26639.46621.73574.05481.90
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-281.50-96.73618.75-216.66-249.80-528.074.35-73.6746.95
Cash from Operating Activities465.19556.081,355.78509.21407.46111.38626.08500.37528.86
Capital Expenditures-1,038.46-807.87-846.59-872.52-859.42-715.63-825.11-938.15-765.91
Net Assets From Acquisitions0.000.000.000.00-18.81-2,354.260.00-47.64-251.37
Sale of Fixed Assets and Businesses0.005.3121.381,022.480.000.000.000.00-
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.00-
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses-1.83-0.95-96.36-8.900.000.000.000.000.00
Other Sources8.95778.700.009.9139.3334.2323.0434.1517.80
Cash from Investing Activities-1,031.34-24.81-921.57150.97-838.90-3,035.66-802.07-951.63-999.48
Cash Dividends Paid-181.94-178.51-177.63-174.57-160.56-138.22-125.50-116.13-100.24
Change in Capital Stock8.3419.738.88251.76461.83213.64139.25157.95354.40
Repurchase of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Sale of Common Pref Stock8.3419.738.88251.76461.83213.64139.25157.95354.40
Proceedsfrom Stock Options8.3419.738.88251.76461.83213.64139.25157.95354.40
Issuance or Reduction of Debt, Net21.00-680.0051.50-720.22121.702,990.03201.97376.60264.27
Change in Long Term Debt21.000.000.00796.53567.891,208.03305.97317.60326.77
Issuance of Long Term Debt96.000.000.001,044.861,067.811,660.70662.38531.60565.17
Reduction of Long Term Debt-75.000.000.00-248.33-499.91-452.66-356.41-214.00-238.41
Net Financing Active Other Cash Flow-6.52520.50-59.09-57.77-66.48-1.99-6.14-3.13-5.85
Other Financing Activities Uses-6.42-7.74-59.09-57.77-66.48-1.99-6.14-3.13-5.85
Cash from Financing Activities-159.12-318.28-176.34-700.79356.483,063.46209.57415.28512.57
Exchange Rate Effect0.00-0.13-0.620.27-0.850.160.230.16-0.21
Net Change in Cash-725.27212.86257.25-40.34-75.82139.3433.81-35.8241.74
Free Cash Flow-573.27-251.79509.19-363.31-451.96-604.24-199.03-437.78-237.06
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow--15.36------
Deferred Taxes & Investment Tax Credit-118.1157.7356.77-72.0561.2150.7254.1651.04

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments53.36270.52484.75576.64778.63355.63
Short Term Receivables172.46182.96241.01281.81162.28762.03
Inventories92.3995.6493.6693.8291.1590.78
Other Current Assets343.13318.68238.26234.60211.33216.65
Total Current Assets661.35867.801,057.671,186.881,243.391,425.08
Net Property, Plant & Equipment9,464.189,245.578,984.198,703.818,668.109,518.55
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets11.1511.1511.1511.1511.15786.50
Deferred Tax Assets----0.000.00
Other Assets429.38350.91353.63527.63405.93483.81
Total Assets10,566.0710,475.4310,406.6510,429.4810,328.5812,213.94
Short Term Debt Incl. Current Port. of LT Debt32.50100.0075.0075.000.00288.10
Accounts Payable157.99115.67122.01225.73118.93254.57
Income Tax Payable-----3.90
Other Current Liabilities558.52561.61532.95629.17685.77867.94
Total Current Liabilities749.01777.28729.96929.90804.701,414.51
Long Term Debt3,499.283,409.863,433.933,433.013,507.124,396.87
Provision for Risks Charges522.23513.00504.00496.00490.00486.00
Deferred Tax Liabilities1,037.601,039.811,022.53977.31905.60927.49
Other Liabilities655.95610.19614.55632.14692.47865.58
Total Liabilities6,464.076,350.156,304.976,468.366,399.908,090.44
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity4,102.004,125.294,101.683,961.123,928.683,674.66
Total Shareholders Equity4,102.004,125.294,101.683,961.123,928.683,674.66
Accumulated Minority Interest0.000.000.000.000.00448.85
Total Equity4,102.004,125.294,101.683,961.123,928.684,123.50
Total Liabilities & Stockholders Equity10,566.0710,475.4310,406.6510,429.4810,328.5812,213.94
Book Value Per Share56.6056.9456.6754.8454.4351.05
Tangible Book Value Per Share56.4556.7956.5254.6954.2740.13
Full-Time Employees---2,453--
Price to Book Ratio1.631.561.581.471.531.49
Return on Assets2.522.271.801.581.801.60
Return on Equity6.556.595.264.765.425.41
Return on Invested Capital0.170.561.840.923.64-0.16
Quick Ratio0.760.991.321.181.430.94
Current Ratio0.881.121.451.281.551.01

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income12.7842.12138.37270.1866.14-10.33
Depreciation80.9877.8599.6089.0210.63103.16
Other Funds (Non Cash)3.92-0.042.44-200.56-36.561.30
Funds from Operations95.52137.06285.50228.61-5.68156.27
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-20.129.02-123.36-147.0462.57-29.93
Cash from Operating Activities75.40146.09162.1381.5756.90126.34
Capital Expenditures-271.83-320.40-208.72-237.51-162.73-220.12
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.005.31
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-0.54-0.330.00-0.950.000.20
Other Sources2.612.785.09-1.53773.935.25
Cash from Investing Activities-269.76-317.95-203.62-240.00611.20-209.37
Cash Dividends Paid-45.77-46.71-44.81-44.65-44.72-44.61
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock2.082.072.152.0413.172.22
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock2.082.072.152.0413.172.22
Proceedsfrom Stock Options2.082.072.152.0413.172.22
Issuance or Reduction of Debt, Net21.000.000.000.00-298.81-367.53
Change in Long Term Debt21.000.000.000.00286.19-262.53
Issuance of Long Term Debt96.000.000.000.00-113.9374.18
Reduction of Long Term Debt-75.000.000.000.00400.12-336.70
Net Financing Active Other Cash Flow-0.102.27-7.74-0.9485.64442.04
Other Financing Activities Uses-0.102.27-7.74-0.845.96-6.62
Cash from Financing Activities-22.79-42.37-50.40-43.55-244.7232.12
Exchange Rate Effect0.000.000.000.00-0.380.24
Net Change in Cash-217.15-214.23-91.89-201.99423.00-50.67
Free Cash Flow-196.43-174.31-46.59-155.95-105.83-93.78

Revenue breakdown

United States2024: 2.48B 2025: 1.94B
Total Natural Gas Transmisison & Distribution revenue2024: 2.48B 2025: 1.94B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.77%2.7M72.0M625.64K
2026-10-154.08%2.9M72.0M579.03K
2026-09-303.99%2.9M72.0M556.83K
2026-09-153.07%2.2M72.0M534.52K
2026-08-312.67%1.9M72.0M519.90K
2026-08-143.20%2.3M72.0M531.75K
2026-07-312.66%1.9M72.0M537.24K
2026-07-152.97%2.1M71.9M538.84K
2026-06-303.02%2.2M71.9M533.95K
2026-06-152.30%1.7M71.8M484.68K
2026-05-292.02%1.4M71.9M489.36K
2026-05-152.07%1.5M71.9M526.64K
2026-04-302.22%1.5M68.3M646.03K
2026-04-152.01%1.4M68.3M667.67K
2026-03-312.10%1.4M68.2M670.16K
2026-03-131.87%1.3M68.2M646.93K
2026-02-271.54%1.1M68.2M615.39K
2026-02-131.67%1.1M68.1M561.06K
2026-01-301.55%1.1M68.1M435.84K
2026-01-151.91%1.3M67.0M385.00K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call45.0044.6049.500.004.0740.000.000.965-0.1680.011
call50.0039.6044.500.003.5810.000.000.960-0.1650.012
call55.0034.6039.500.003.1350.000.000.954-0.1600.014
call60.0029.6034.500.002.7260.000.000.947-0.1550.015
call65.0024.6029.500.002.3450.000.000.938-0.1490.017
call70.0019.6024.500.001.9860.000.000.926-0.1410.020
call75.0014.6019.500.001.6420.000.000.910-0.1320.023
call80.009.6014.500.001.3070.000.000.885-0.1200.028
call85.004.508.602.650.9862.000.000.783-0.1570.042
call90.000.205.001.600.7065.000.000.619-0.1450.055
call95.000.005.000.001.0892.000.000.446-0.3070.057
call1000.005.000.051.3941.000.000.391-0.4210.056
call1050.005.000.001.6690.000.000.352-0.4950.054
call1100.005.000.001.8840.000.000.325-0.5420.052
call1150.005.000.002.0900.000.000.304-0.5840.051
call1200.005.000.002.2930.000.000.287-0.6240.049
call1250.005.000.002.4530.000.000.275-0.6530.048
call1300.005.000.002.6290.000.000.263-0.6850.047
put45.000.005.000.002.8280.000.00-0.034-0.1700.011
put50.000.005.000.002.4630.000.00-0.039-0.1660.012
put55.000.005.000.002.1300.000.00-0.045-0.1610.014
put60.000.005.000.001.8250.000.00-0.052-0.1550.015
put65.000.005.000.001.5450.000.00-0.061-0.1480.017
put70.000.005.000.001.2770.000.00-0.073-0.1400.020
put75.000.005.000.001.0210.000.00-0.089-0.1310.023
put80.000.000.650.600.76522.000.00-0.114-0.1180.028
put85.000.005.003.000.61910.000.00-0.215-0.1540.042
put90.000.351.001.200.29720.000.00-0.380-0.1400.055
put95.001.506.000.000.7460.000.00-0.551-0.3050.057
put1006.5011.000.001.0470.000.00-0.608-0.4170.056
put10511.5016.000.001.2940.000.00-0.645-0.4880.054
put11016.5021.000.001.5100.000.00-0.674-0.5390.052
put11521.5026.000.001.7050.000.00-0.695-0.5810.051
put12026.5031.000.001.8830.000.00-0.711-0.6170.049
put12531.5036.000.002.0480.000.00-0.724-0.6490.048
put13036.5041.000.002.2020.000.00-0.736-0.6780.047

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-048-KCurrent report2026-11-04SEC
2026-10-30SCHEDULE 13GSEC
2026-10-27SCHEDULE 13G/ASEC
2026-10-208-KCurrent report2026-10-20SEC
2026-09-294Statement of changes in beneficial ownership of securities2026-09-28SEC
2026-09-28144Filing for proposed sale of securities under Rule 144.SEC
2026-08-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-058-KCurrent report2026-08-05SEC
2026-06-2511-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-07SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-07SEC
2026-05-133Initial statement of beneficial ownership of securities2026-05-07SEC
2026-05-133Initial statement of beneficial ownership of securities2026-05-07SEC
2026-05-118-KCurrent report2026-05-07SEC
2026-05-08SCHEDULE 13D/ASEC
2026-05-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-05-058-KCurrent report2026-05-05SEC
2026-04-29SCHEDULE 13GSEC
2026-03-27SCHEDULE 13G/ASEC
2026-03-23DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-03-23DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-05-07SEC
2026-03-23ARSAnnual report to security holders. 2025-12-31SEC
2026-03-04144Filing for proposed sale of securities under Rule 144.SEC
2026-03-034Statement of changes in beneficial ownership of securities2026-02-27SEC
2026-03-034Statement of changes in beneficial ownership of securities2026-02-27SEC
2026-03-034Statement of changes in beneficial ownership of securities2026-02-27SEC
2026-03-034Statement of changes in beneficial ownership of securities2026-02-27SEC
2026-03-034Statement of changes in beneficial ownership of securities2026-02-27SEC
2026-03-034Statement of changes in beneficial ownership of securities2026-02-27SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-0900204.52K1
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-0100245.51K1
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.15.45%
FMR LLC8.39%
VANGUARD PORTFOLIO MANAGEMENT LLC5.49%
Corvex Management LP4.43%
VANGUARD CAPITAL MANAGEMENT LLC4.21%
STATE STREET CORP3.60%
GEODE CAPITAL MANAGEMENT, LLC2.95%
MAVERICK CAPITAL LTD2.61%
AQR CAPITAL MANAGEMENT LLC2.22%
ADAGE CAPITAL PARTNERS GP, L.L.C.1.87%

Funds

Fund% owned
iShares Core S&P Mid-Cap ETF3.05%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.01%
iShares Russell 2000 ETF2.62%
VANGUARD SMALL-CAP INDEX FUND2.18%
iShares Select Dividend ETF1.72%
Empower Bond Index Fund1.38%
VANGUARD SMALL-CAP VALUE INDEX FUND1.38%
Fidelity Small Cap Value Fund1.36%
VIP Mid Cap Portfolio1.24%
Fidelity Small Cap Index Fund1.11%

OakChart. SWX. Cached 15 minutes.