Southwest Gas Holdings, Inc.
SWX Mid CapUtilities · Utilities - Regulated Gas
Updated: Jun 14, 2026, 22:19 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Southwest Gas Holdings, Inc., through its subsidiary, Southwest Gas Corporation, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California in the United States. The company offers tariff sales and transportation services. It also operates a pipeline transmission system, including an LNG storage facility. As of December 31, 2025, the company served approximately 2,281,000 customers with 1,224,000 in Arizona, 849,000 in Nevada, and 208,000 in California. Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Nevada.
Southwest Gas Holdings, Inc. Stock at a Glance
Southwest Gas Holdings, Inc. (SWX) is currently trading at $89.01 with a market capitalization of $6.4B. The trailing P/E ratio stands at 26.97x, with a forward P/E of 18.2x. The 52-week range spans from $71.68 to $94.43; the current price is 5.7% below the yearly high. Year-over-year revenue growth stands at -21.6%. The net profit margin stands at 26.1%.
💰 Dividend
Southwest Gas Holdings, Inc. pays an annual dividend of $2.58 per share, representing a yield of 2.9%. The payout ratio stands at 75.15%.
📊 Analyst Rating
8 analysts rate Southwest Gas Holdings, Inc. (SWX) on consensus: Strong Buy. The average price target is $99.25, implying +11.5% from the current price. Analyst price targets range from $94.00 to $106.00.
Southwest Gas Holdings, Inc.: The Investment Case in Detail
Southwest Gas Holdings, Inc. (SWX) operates in the Utilities — specifically Utilities - Regulated Gas — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
The combination of a 51.23% gross margin and 37.86% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat.
The Bear Case
Revenue is contracting at -21.6% year-over-year — until that trend reverses, valuation is exposed to further downgrades.
What to Watch Next
- The forward P/E of 18.2x is meaningfully below the trailing 26.97x — analysts expect earnings to step up; the next earnings release is the test.
Investment Thesis: Strengths & Weaknesses
- Profitable with 26.1% net margin
- High gross margin of 51.23% — indicates pricing power
- Analyst consensus: Strong Buy
- Solid dividend yield of 2.9%
- –Revenue shrinking (-21.6% YoY)
- –Negative free cash flow
Technical Snapshot
Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).
Risk Profile
The data points to relatively defensive market behavior.
Trading Data
💵 Dividend Info
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