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Southwest Gas Read from its own SEC filings · nothing written, nothing inferred

🫧 Edgar looked up SOUTHWEST GAS CORP. Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-10-20. 8 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $1.8B (FY2012), total debt $1.3B. Experience: revenue up 2.7% on the year, up 0.1% a year over 3 years; operating margin 14.7%, up from 13.9%. Soundness: equity 29.2% of assets, return on equity 10.2%, payout 39.8% of profit, dividend per share up 8 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.7B and $2.0B next year (method v4.1: its own 3-year record of growth weighed at 40% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.5B to $2.2B. A statistical range, not company guidance. Against peers (29 filers, $50M+ revenue, its industry group): operating margin 14.7% against a 27.5% median; growth 2.7% against 13.0%.

Next year, 80%$1.7B–$2.0B
Growth, on the year2.7%
Operating margin14.7%
Equity of assets29.2%
Credibility40%
SOUTHWEST GAS CORP against its own record and its peers
Operating marginPeer median 27.5%14.7%Revenue, on the yearPeer median 13.0%2.7%Equity of assetsPeer median 32.4%29.2%Return on equityPeer median 9.6%10.2%Payout of profitPeer median 67.1%39.8%Gold tick: the median of 18–20 peers with $50M+ revenue in natural gas transmisison & distribution
Handed back now, or kept to compound · of each dollar of profit
39.8% paid out60.2% keptHanded back per share$1.8up 8 years runningGrowth its own profit can fund6.1%managed 2.7% last year

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

Cash

Cash flow (op · inv · fin · free)$386M · −$374M · −$9M · −$9M
Investment book (cash · short · long)$26M · — · — · current ratio 0.86

The figures, as filed

Fiscal year end2012-12-31
Revenue$1.8B
Revenue, on the year2.7%
Revenue, a year over the record0.1%
Operating margin14.7%
Operating margin, prior year13.9%
Net margin7.2%
Research and developmentnot filed separately
Total debt$1.3B
Equity of assets29.2%
Return on equity10.2%
Payout of profit39.8%
Dividend per share$1.8 · up 8 years running
Earnings per share$2.89
Book value per share$28.14
Revenue per share$39.62
Shares outstanding46,555,000
Audited years read4

Peers: the median of 29 filers with $50M+ revenue in natural gas transmisison & distribution.

Classic signals · fiscal 2012Altman Z″ not covered: a regulated utility runs negative working capital by design, which the model reads as distressPiotroski F 5 of 9 middling 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals -5.8% earnings backed by cash 1996DuPont ROE 10.5% = margin 7.2% × turns 0.42 × leverage 3.46

What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →

Health HarborSouthwest Gas sails as: New ship

Health watch · 12 monthsDirector or officer change ×4

No growth figure to set the speed.

🌊 Visit the Bay →

No warning signs on the measures below.

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Recent filings

Its latest audited year is FY2016, which reports no revenue; the revenue figures and the range here are from FY2012, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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Data & Disclosure Notice: Edgar and Edgarette are automated software. Every figure on this page is calculated by software from public filings made by companies and funds with the U.S. Securities and Exchange Commission (EDGAR) and is published without individual human review. The accuracy and completeness of those filings are the responsibility of the filers; reports can contain errors and can be amended. Figures are shown as filed and as of each filing's date, and this page may be corrected or updated without notice. Ranges, expected returns, rankings, boats and other measures are statistical descriptions of past filings, not ratings, price forecasts, company guidance or recommendations; past results do not guarantee future results. This is general information published for all readers, not advice tailored to any person's portfolio, needs or circumstances, and nothing here is financial, investment, actuarial, legal, tax or other professional advice. Actuaries and other professionals who use these figures remain responsible for reviewing them for reasonableness and consistency against the original filings and for disclosing their reliance on them. No company, fund or reinsurer pays to be included or ranked. Provided as is, without warranty of any kind. Not affiliated with or endorsed by the SEC or by any company, fund or reinsurer named. All trademarks remain the property of their owners.