Southwest Gas Holdings Inc Investor Relations Material
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Q3 2024
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Southwestern Gas Distribution
Southwest Gas Holdings is an American utility company that provides natural gas service to customers in Arizona, Nevada, and California. The company supplies residential, commercial, and industrial customers with natural gas. Southwest Gas Holdings operates in three different business segments: Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. The company is headquartered in Las Vegas, Nevada, and its shares are listed on the NYSE.
Gas, Gas, Gas
Southwest Gas can trace its roots back to 1931, and the company initially serviced Barstow, California before expanding into more towns in California. Southwest Gas started service around the rapidly growing communities around Las Vegas during the mid-1950s and moved its company headquarters to the city in 1958. Southwest Gas went public in 1958 and continued to grow in the Tri-state area both organically as well as through acquisitions of smaller gas companies in the area. Today, the company is one of the largest suppliers of natural gas in Arizona and Nevada. Some publicly traded companies that are similar to Southwest Gas are Atmos Energy, CenterPoint, and NiSource.
Private Customers
Southwest Gas Corporation provides natural gas services to a significant number of private customers, particularly in the aforementioned states. The company's residential customers use the gas for their homes, handling things such as heating, cooking, and water heating. In addition to the core supply of natural gas, it offers customer support and services like flexible billing options, guidance on energy conservation, and emergency support systems.
Commercial and Industrial Customers
Southwest Gas Corporation also serves a diverse range of commercial and industrial customers across Arizona, California, and Nevada. These customers include small businesses, large corporations, and industrial facilities, all relying on natural gas for various applications. For commercial entities, natural gas is often essential for heating, cooking in restaurants, and other business operations. Industrial clients, on the other hand, may use natural gas for more intensive processes such as manufacturing, power generation, or large-scale heating.