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Southwest Gas Holdings, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results

$300M Utility Net Income and $284M Adjusted Net Income Exceeded Top End of 2025 Net Income Guidance Range Delivered 8.3% Adjusted Utility ROE and Adjusted Utility Earnings Growth of ~8.7% Year-over-Year Utility 2025 FFO/Debt of 18.6% - SWX and SWG S&P Credit Ratings Each Upgraded to BBB+ 4% Increase in Common Stock Dividend Approved by Board of Directors Initiated 2026 and Forward-Looking EPS and Rate Base Guidance Metrics LAS VEGAS, Feb. 25, 2026 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or "Company") today reported results for its fourth quarter and year ended December 31, 2025. In addition, the Company announced that its board of directors approved an increase in the Company's regular quarterly common stock dividend to $0.645 per share, representing a 4 percent increase over the 2025 dividend rate, beginning with the second quarter of 2026.

TIME Recognizes Southwest Gas Holdings as a Best Mid-Size Company in America for Two Consecutive Years

Award reflects strong employee satisfaction, consistent growth, and transparent sustainability practices LAS VEGAS, Feb. 3, 2026 /PRNewswire/ -- For the second year in a row, Southwest Gas Holdings, Inc. (NYSE: SWX), has been recognized by TIME as one of America's Best Mid-Size Companies for 2025. The recognition, presented in partnership with Statista Inc., highlights companies that excel in employee satisfaction, revenue growth, and sustainability transparency.

Great Basin Gas Transmission Company Announces Close of Second Supplemental Open Season and Execution of Associated Binding Precedent Agreements for Natural Gas Expansion in Northern Nevada

Strong interest reinforces demand for expanded energy infrastructure investment across the region as Southwest Gas advances long-term energy solutions LAS VEGAS , Dec. 8, 2025 /PRNewswire/ -- Great Basin Gas Transmission Company ("Great Basin"), a wholly owned subsidiary of Southwest Gas Corporation and part of Southwest Gas Holdings, Inc. (NYSE: SWX) ("Company"), today announced the successful close of its Second Supplemental Open Season for the 2028 Expansion Project ("Project") and the execution of associated binding precedent agreements for the Project. To accommodate continued interest following the Open Seasons held earlier this year, the Second Supplemental Open Season launched on November 11, 2025, and provided potential shippers additional opportunity to submit binding requests, refine capacity needs, consider alternative in-service dates, and evaluate the final scope of the expansion Project to support energy demand growth across Northern Nevada.