Southwest Gas/$SWX
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Capital at risk
About Southwest Gas
Southwest Gas Holdings Inc is a utility company engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas distribution segment. The Natural gas distribution segment encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. Its division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers.
- Ticker
- $SWX
- Sector
- Utilities
- Primary listing
- NYSE
- Employees
- 2,453
- Headquarters
- Las Vegas, United States
- Website
- www.swgasholdings.com
Southwest Gas Metrics
BasicAdvanced
$6.3B
11.52
$7.54
0.57
$2.53
2.97%
Price and volume
Market cap
$6.3B
Beta
0.57
52-week high
$94.47
52-week low
$76.74
Average daily volume
477K
Dividend rate
$2.53
Financial strength
Current ratio
1.116
Quick ratio
0.583
Long term debt to equity
0.827
Total debt to equity
0.851
Dividend payout ratio (TTM)
33.09%
Interest coverage (TTM)
2.77%
Profitability
EBITDA (TTM)
858.018
Gross margin (TTM)
54.04%
Net profit margin (TTM)
31.40%
Operating margin (TTM)
29.44%
Effective tax rate (TTM)
23.71%
Revenue per employee (TTM)
$710,000
Management effectiveness
Return on assets (TTM)
2.82%
Return on equity (TTM)
6.83%
Valuation
Price to earnings (TTM)
11.515
Price to revenue (TTM)
3.609
Price to book
1.52
Price to tangible book (TTM)
1.54
Price to free cash flow (TTM)
-11.905
Free cash flow yield (TTM)
-8.40%
Free cash flow per share (TTM)
-7.293
Dividend yield (TTM)
2.91%
Forward dividend yield
2.97%
Growth
Revenue change (TTM)
-15.28%
Earnings per share change (TTM)
227.36%
3-year revenue growth (CAGR)
-31.61%
10-year revenue growth (CAGR)
-3.44%
3-year earnings per share growth (CAGR)
33.32%
10-year earnings per share growth (CAGR)
9.43%
3-year dividend per share growth (CAGR)
0.33%
10-year dividend per share growth (CAGR)
4.17%
What the Analysts think about Southwest Gas
Analyst ratings (Buy, Hold, Sell) for Southwest Gas stock.
Analyst projections of the future price of Southwest Gas stock.
Bulls say / Bears say
The PUCN approved prudency of approximately $186 million in operational and capital investments under Nevada’s SB 281 for 2026–2028, guaranteeing cost recovery for safety and system integrity projects. (SEC 10-Q June 30, 2026)
The CPUC’s May 2026 decision approved a $39.5 million all-party settlement for California operations, boosting operating margin and reflecting broad regulatory support. (SEC 10-Q June 30, 2026)
A FERC settlement granted Great Basin a $9.6 million rate base increase (~41% growth), and two open seasons for its 2028 expansion identified up to 1.76 Bcf/d of incremental demand, underpinning growth prospects. (SEC 10-Q June 30, 2026)
Final regulations under Nevada’s alternative ratemaking framework remain pending with the PUCN, creating uncertainty around future revenue recovery mechanisms and authorized returns. (Southwest Gas Q1 2026 Earnings Release)
Consumer and clean energy advocates criticized the PUCN-approved ~$180 million infrastructure plan for lacking sufficient cost justification, signaling risk of stricter scrutiny or future disallowances. (Western Resource Advocates)
Quarterly DEAA credits of $0.30 per therm in southern Nevada and $0.35 per therm in northern Nevada, due to over-collected gas costs, have reduced near-term liquidity and could constrain cash flow. (SEC 10-Q June 30, 2026)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.
Southwest Gas Financial Performance
Revenues and expenses
Southwest Gas Earnings Performance
Company profitability
Upcoming events
No upcoming events
Southwest Gas News
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Funds containing Southwest Gas
AllEURUSDGBP
Fund name | Fund size | $SWX weighting |
|---|---|---|
iShares Dow Jones U.S. Select Dividend€EXX5 | €412M | 0.46% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.21% |
SPDR S&P 400 US Mid Cap$SPY4 | $6.3B | 0.16% |
SPDR S&P 400 US Mid Cap£SPX4 | £4.7B | 0.16% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.15% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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