Southwest Gas Holdings, Inc.
SWX
NYSE·Utilities·Regulated Gas·Mkt cap $6.4B
$88.06
▼ -0.71%
P/E
12.28
Mkt Cap
$6.4B
52-Wk Range
$76.59–$94.47
52-Week Range
$76.59 - $94.47
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 13.7% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Regulated utility monopoly with stable, predictable cash flows and regulatory cost-of-service recovery mechanisms
- Established infrastructure serving 2.1+ million customers across high-growth southwestern markets with significant barriers to entry
- Diversified revenue streams through infrastructure services segment reducing reliance on distribution margins alone
- Long operating history (since 1931) demonstrating operational expertise and regulatory relationships in core markets
Bear Case
1 risk
- Low volatility (beta 0.6).
Growth
Strong growth ahead
Population and economic growth in Arizona, Nevada, and California driving increased natural gas demand and customer additions
Value
Fairly valued vs Gas Utilities peers
Momentum
Stable
-0.4% over 3m
Quality
Strong
Strong fundamentals
Dividend
Solid
2.87% yield
Smart-money signal
Who's buying SWX right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 4, 2026
AUG 5, 2026
Reported EPS of $0.45 vs $0.45 consensus (-0.2% surprise). Revenue of $358.2M vs $416.2M expected (-13.9%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-0.2%
Revenue trend · last 8Q
—
-7%
-18%
-5%
-12%
-62%
-55%
-152%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$359.1M
$1.3B
$1.3B
$1.1B
$316.9M
$480.7M
$585.1M
-$585.1M
Margins · last 8Q
Gross
-19.4%
Operating
37.5%
Profit
—
Wall Street consensus
2 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: Wells Fargo · $105.00 · May 11, 2026
vs Industry
How SWX stacks vs Regulated Gas
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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