
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
10/14/2025: SWX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $83.67
1 Year Target Price $83.67
3 | Strong Buy |
0 | Buy |
4 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.25% | Avg. Invested days 46 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.60B USD | Price to earnings Ratio 28.7 | 1Y Target Price 83.67 |
Price to earnings Ratio 28.7 | 1Y Target Price 83.67 | ||
Volume (30-day avg) 8 | Beta 0.54 | 52 Weeks Range 63.60 - 80.58 | Updated Date 10/15/2025 |
52 Weeks Range 63.60 - 80.58 | Updated Date 10/15/2025 | ||
Dividends yield (FY) 3.21% | Basic EPS (TTM) 2.71 |
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 - | When - | Estimate - | Actual - |
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 28.7 | Forward PE 19.72 | Enterprise Value 9959561533 | Price to Sales(TTM) 1.17 |
Enterprise Value 9959561533 | Price to Sales(TTM) 1.17 | ||
Enterprise Value to Revenue 2.09 | Enterprise Value to EBITDA 9.56 | Shares Outstanding 71979296 | Shares Floating 66489435 |
Shares Outstanding 71979296 | Shares Floating 66489435 | ||
Percent Insiders 0.54 | Percent Institutions 92.57 |
Upturn AI SWOT
Southwest Gas Holdings Inc

Company Overview
History and Background
Southwest Gas Holdings, Inc. was founded in 1931 as Southern Nevada Gas Company. It evolved from a regional natural gas provider to a diversified energy company through acquisitions and strategic expansions.
Core Business Areas
- Natural Gas Distribution: Distributes natural gas to residential, commercial, and industrial customers in Arizona, Nevada, and California.
- Infrastructure Services: Centuri Group, provides infrastructure services to the utility industry.
Leadership and Structure
Karen Haller is the CEO. The organizational structure includes various departments like operations, finance, legal, and marketing, reporting to the CEO and executive leadership team.
Top Products and Market Share
Key Offerings
- Natural Gas Distribution Services: Provides natural gas service to over 2 million customers. Market share varies by region but Southwest Gas is a key player in its operating areas. Competitors include other regional gas utilities like SoCalGas (SRE) and PG&E (PCG), as well as alternative energy sources like electricity.
- Utility Infrastructure Services: Centuri Group provides a diverse array of specialized services focused on the maintenance, repair and construction of regulated gas and electric utility infrastructure. Competitors include Mastec (MTZ) and Quanta Services (PWR).
Market Dynamics
Industry Overview
The natural gas distribution industry is characterized by regulated rates, infrastructure investments, and increasing focus on environmental sustainability. The utility infrastructure services market is driven by the need to maintain and upgrade aging infrastructure.
Positioning
Southwest Gas Holdings is a significant player in natural gas distribution in the Southwest and is expanding its infrastructure services segment. Its competitive advantages include its established infrastructure and customer base.
Total Addressable Market (TAM)
The natural gas distribution market is estimated at hundreds of billions of dollars annually. TAM for the North American utility infrastructure service market is estimated at 75 billion. Southwest Gas is positioned to capture a portion through its extensive network and services.
Upturn SWOT Analysis
Strengths
- Established infrastructure and customer base
- Regulated revenue streams in gas distribution
- Growing infrastructure services segment
- Geographic diversity in operating areas
Weaknesses
- Exposure to natural gas price volatility
- Regulatory risks and compliance costs
- Dependence on weather conditions
- Debt levels following recent acquisitions
Opportunities
- Expansion of natural gas infrastructure in growing regions
- Investments in renewable natural gas (RNG) and hydrogen
- Acquisitions of other utility or infrastructure service companies
- Increased demand for utility infrastructure maintenance and upgrade
Threats
- Increasing competition from alternative energy sources (e.g., solar, wind)
- Changes in environmental regulations
- Economic downturn impacting customer demand
- Cybersecurity risks to utility infrastructure
Competitors and Market Share
Key Competitors
- SRE
- PCG
- MTZ
- PWR
Competitive Landscape
Southwest Gas competes with other utilities and infrastructure service providers on price, service quality, and geographic coverage. Its strengths lie in its established presence and diversified operations.
Major Acquisitions
Questar Pipelines
- Year: 2021
- Acquisition Price (USD millions): 1975
- Strategic Rationale: Expanded Southwest Gas's infrastructure footprint and provided access to new markets.
Growth Trajectory and Initiatives
Historical Growth: Southwest Gas has grown through organic expansion and acquisitions, particularly in the infrastructure services sector.
Future Projections: Analyst estimates depend on market conditions, regulatory changes, and economic forecasts. Projections generally indicate moderate growth.
Recent Initiatives: Recent initiatives include investments in infrastructure upgrades, expansion of services, and exploration of renewable energy sources.
Summary
Southwest Gas is a stable utility company with a growing infrastructure services segment. Its regulated business provides consistent revenue, but it faces risks related to gas prices, regulations, and competition. Recent acquisitions have increased its debt, but also expanded its market reach and growth opportunities. The company needs to manage its debt and adapt to the evolving energy landscape to maintain its competitive position.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC filings, company reports, industry analysis reports, analyst estimates.
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly.
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.