Southwest Gas Holdings, Inc.

CIK 1692115 · View on SEC EDGAR ↗

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First SEC filing: April 17, 2024 · Latest: April 17, 2024

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Southwest Gas Holdings, Inc. is an investor-owned utility based in Las Vegas, Nevada, United States.

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Southwest Gas Holdings, Inc. (NYSE: SWX) is an investor-owned utility based in Las Vegas, Nevada, United States.

The company provides natural gas service to over 2 million residential, commercial, and industrial customers in parts of Arizona, Nevada, and California. At the end of 2021, Southwest had 1.15 million customers located in Arizona, 0.8 million in Nevada, and 0.2 million in California.

## History

The company was founded in Barstow, California, in 1931, and soon expanded to the nearby town of Victorville. Natural gas was brought into southern Nevada in 1953, and Southwest Gas began service to the burgeoning communities of Las Vegas and Henderson the following year.

On January 24, 1956, Southwest Gas Corporation became a publicly owned company. Expansion into Arizona occurred in 1957 with the acquisition of Natural Gas Service of Arizona, which served customers in Gila, Greenlee, and Pinal counties.

In 1963, with the completion of a 250-mile pipeline in northern Nevada, the company was able to grow once again by extending its service territory to include Carson City. Several years later it began serving customers as far east as Elko in the northern part of the state. Expansion also occurred during this time in California with expansion from its Victorville operations to Big Bear.

During the next several decades the company made several more acquisitions and expanded in parts of its tri-state service territory. In 1979, the purchase of the gas system of what is now Tucson Electric Power, and the 1984 purchase of the gas system of Arizona Public Service Company, added the Phoenix area to the company's customer base. During a time of unprecedented growth in the desert Southwest, Southwest Gas was serving some of the fastest-growing areas in the country. In 2005, the company acquired service territory in South Lake Tahoe from Avista, enabling it to serve customers contiguously around Lake Tahoe in California and Nevada. The company is the largest distributor of natural gas in Arizona and Nevada.

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Insider transactions

0 buys (P) 1 sells (S) Net: $-536,299,316 last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

Date Ticker Code Shares Price Value Owned after Δ own A/D vs now
Sept. 5, 2025 CTRI S 27,362,210 $19.60 $536,299,316 0 Direct -100.00% Disposed 11.2% (price as of 2026-08-21)
Aug. 11, 2025 CTRI S 18,823,500 $19.50 $367,058,250 27,362,210 Direct -40.76% Disposed 11.8% (price as of 2026-08-21)
July 8, 2025 CTRI S 1,060,240 $20.75 $21,999,980 46,185,710 Direct -2.24% Disposed 5.1% (price as of 2026-08-21)
June 18, 2025 CTRI S 11,212,500 $20.75 $232,659,375 47,245,950 Direct -19.18% Disposed 5.1% (price as of 2026-08-21)
May 22, 2025 CTRI S 13,207,142 $17.50 $231,124,985 58,458,450 Direct -18.43% Disposed 24.6% (price as of 2026-08-21)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Initial ownership (Form 3) 1 holding

Securities held when first becoming an insider, per SEC Form 3.

Date Ticker Security Shares Ownership
April 17, 2024 CTRI Common Stock 71,665,592 Direct