
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About
Southwest Gas Holdings Inc (SWX)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: SWX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $80.17
1 Year Target Price $80.17
3 | Strong Buy |
0 | Buy |
4 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -0.92% | Avg. Invested days 40 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.72B USD | Price to earnings Ratio 29.54 | 1Y Target Price 80.17 |
Price to earnings Ratio 29.54 | 1Y Target Price 80.17 | ||
Volume (30-day avg) 8 | Beta 0.47 | 52 Weeks Range 63.60 - 79.91 | Updated Date 08/15/2025 |
52 Weeks Range 63.60 - 79.91 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 3.10% | Basic EPS (TTM) 2.69 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-06 | When - | Estimate 0.39 | Actual 0.53 |
Profitability
Profit Margin 4.07% | Operating Margin (TTM) 9.17% |
Management Effectiveness
Return on Assets (TTM) 2.85% | Return on Equity (TTM) 5.03% |
Valuation
Trailing PE 29.54 | Forward PE 20.58 | Enterprise Value 10049535653 | Price to Sales(TTM) 1.2 |
Enterprise Value 10049535653 | Price to Sales(TTM) 1.2 | ||
Enterprise Value to Revenue 2.11 | Enterprise Value to EBITDA 9.65 | Shares Outstanding 71979296 | Shares Floating 66529743 |
Shares Outstanding 71979296 | Shares Floating 66529743 | ||
Percent Insiders 0.4 | Percent Institutions 74.61 |
Upturn AI SWOT
Southwest Gas Holdings Inc
Company Overview
History and Background
Southwest Gas Holdings, Inc. was founded in 1931 in Las Vegas, Nevada. Initially focused on providing natural gas service, it has grown through acquisitions and expansions to become a major energy company serving multiple states.
Core Business Areas
- Natural Gas Distribution: The primary business segment, providing natural gas service to residential, commercial, and industrial customers in Arizona, Nevada, and California. It involves infrastructure maintenance, safety protocols, and customer service.
- Centuri Group, Inc.: A comprehensive utility infrastructure services enterprise. Centuri is made up of multiple operating companies specializing in the design, installation and maintenance of energy infrastructure.
Leadership and Structure
Karen Haller is the President and Chief Executive Officer. The company has a typical corporate structure with a Board of Directors and various executive leadership positions overseeing different departments.
Top Products and Market Share
Key Offerings
- Natural Gas Delivery: Delivery of natural gas to residential, commercial, and industrial customers. Market share data is geographically specific, but Southwest Gas is a significant player in its service territories. Competitors include other local gas distribution companies and alternative energy sources.
- Utility Infrastructure Services: Services provided by Centuri, including pipeline construction, maintenance, and repair. Market share varies by specific service and geographic area. Competitors include other utility infrastructure services companies like MasTec (MTZ) and Quanta Services (PWR).
Market Dynamics
Industry Overview
The natural gas distribution industry is characterized by regulated monopolies or oligopolies. Factors influencing the industry include infrastructure investments, regulatory approvals, and fluctuating natural gas prices.
Positioning
Southwest Gas Holdings is a major natural gas distributor in the Southwest U.S., leveraging its established infrastructure and customer base. The Centuri business provides significant diversification. A key competitive advantage is its large service territory.
Total Addressable Market (TAM)
The total addressable market for natural gas distribution in the Southwest U.S. is estimated to be in the billions of dollars annually. Centuri's TAM, focusing on Utility Infrastructure Services, is also in the billions annually. Southwest Gas holds a leading position within the portion of the TAM where they have a presence.
Upturn SWOT Analysis
Strengths
- Established infrastructure
- Large customer base
- Regulated revenue streams
- Diversification through Centuri
- Strong brand recognition in its service territories.
Weaknesses
- Dependence on regulatory approvals
- Sensitivity to natural gas price fluctuations
- Capital intensive infrastructure investments
- Geographic concentration in the Southwest
- Debt from recent acquisitions.
Opportunities
- Expansion into new service territories
- Investment in renewable natural gas (RNG) and hydrogen
- Infrastructure upgrades and modernization
- Increased demand for natural gas in certain sectors
- Strategic partnerships.
Threats
- Increasing regulatory scrutiny
- Competition from alternative energy sources (e.g., solar, wind)
- Environmental concerns and climate change policies
- Economic downturns affecting customer demand
- Cybersecurity threats to infrastructure.
Competitors and Market Share
Key Competitors
- NIC
- UGI
- ONE
Competitive Landscape
Southwest Gas competes primarily on reliability, customer service, and price within its regulated service territories. Centuri competes on expertise, scale, and geographic reach. Competition is heating up as new utility infrastructure is being created.
Major Acquisitions
Questar Pipelines
- Year: 2021
- Acquisition Price (USD millions): 1975
- Strategic Rationale: Expanded natural gas infrastructure and geographic reach. This was a strategic shift that caused a lot of problems for investors.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by customer growth, infrastructure investments, and acquisitions. Centuri's growth has been driven by the investment from Utilities in new infrastructure.
Future Projections: Analyst estimates for future growth are available from financial data providers. Growth is expected to be moderate, driven by population growth and infrastructure investments.
Recent Initiatives: Recent initiatives include investments in infrastructure modernization, exploring renewable natural gas opportunities, and expanding Centuri's service offerings.
Summary
Southwest Gas Holdings is a well-established natural gas distributor in the Southwest U.S. The company benefits from regulated revenue streams and a large customer base. However, it faces challenges related to regulatory scrutiny, competition from alternative energy, and infrastructure investments. Its diversification through Centuri provides growth opportunities, but debt levels and recent financial performance warrant careful monitoring.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Financial News Articles
- Industry Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be made after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Southwest Gas Holdings Inc
Exchange NYSE | Headquaters Las Vegas, NV, United States | ||
IPO Launch date 1987-12-30 | President, CEO & Director Ms. Karen S. Haller | ||
Sector Utilities | Industry Utilities - Regulated Gas | Full time employees 11122 | Website https://www.swgasholdings.com |
Full time employees 11122 | Website https://www.swgasholdings.com |
Southwest Gas Holdings, Inc., through its subsidiaries, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California. The company operates through two segments, Natural Gas Distribution and Utility Infrastructure Services. It offers tariff sales and transportation services. The company also provides installation, replacement, repair, and maintenance of energy distribution systems, as well as undertakes gas construction works in North America. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.