LIVE

SWX

Southwest Gas Holdings, Inc.

SWX

NYSE·Utilities·Regulated Gas·Mkt cap $6.4B

$89.81

+1.47%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$72.43 - $94.43

P/E

14.01

Fwd P/E

21.14

Beta

0.58

Div Yield

2.83%

Avg Vol

530.2K

Shares Out

72.4M

Mkt Cap

$6.4B

Price action

Price chart

Up 20.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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

2 risks

  • Low volatility (beta 0.6).
  • Premium valuation to Gas Utilities peers

Growth

Mild headwinds expected

Population and economic growth in Arizona, Nevada, and California driving increased natural gas demand and customer additions

Value

Premium valuation to Gas Utilities peers

Momentum

Stable

-0.8% over 3m

Quality

Stable

Excellent business quality

Dividend

Solid

2.83% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 11, 2026

Q2 26 RECAP

MAY 5, 2026

Reported EPS of $1.91 vs $1.88 consensus (+1.6% surprise). Revenue of $585.1M vs $695.5M expected (-15.9%).

EPS beat +1.6%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+1.6%

Next: May 11, 2026

Revenue trend · last 8Q

-7%

-18%

-5%

-12%

-62%

-55%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.2B

$359.1M

$1.3B

$1.3B

$1.1B

$316.9M

$480.7M

$585.1M

Margins · last 8Q

Gross

Operating

Profit

23.6%

Wall Street consensus

2 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

100%

Hold

0%

Sell

0%

Median Price Target

$102.50

+14.1% vs $89.81

Low $100.00
Median $102.50
High $105.00

Latest: Wells Fargo · $105.00 · May 11, 2026

2 analysts covering

vs Industry

How SWX stacks vs Regulated Gas

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.