SWX Stock - Southwest Gas Holdings, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $5.11B | $5.43B | $4.96B | $3.68B | $3.30B |
| Gross Profit | $1.01B | $1.02B | $994.87M | $820.93M | $818.49M |
| Gross Margin | 19.8% | 18.8% | 20.1% | 22.3% | 24.8% |
| Operating Income | $483.77M | $418.33M | $-24,398,000 | $369.55M | $423.00M |
| Net Income | $198.81M | $150.89M | $-203,290,000 | $200.78M | $232.32M |
| Net Margin | 3.9% | 2.8% | -4.1% | 5.5% | 7.0% |
| EPS | $2.77 | $2.13 | $-24.75 | $3.39 | $4.15 |
Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 29th 2025 | Mizuho | Initiation | Outperform | $91 |
| August 29th 2025 | BofA Securities | Upgrade | Buy | $84 |
| July 8th 2025 | Jefferies | Upgrade | Buy | $82 |
| May 23rd 2025 | BofA Securities | Upgrade | Neutral | $74 |
| January 14th 2025 | Jefferies | Initiation | Hold | $73 |
| December 13th 2024 | BofA Securities | Resumed | Underperform | $73 |
| May 13th 2024 | Wells Fargo | Resumed | Equal Weight | $77 |
| November 30th 2022 | BofA Securities | Downgrade | Neutral | $65← $87 |
| June 9th 2022 | Argus | Upgrade | Buy | $100 |
Earnings History & Surprises
SWXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 11, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $1.40 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.09 | $0.06 | -33.3% | ✗ MISS |
Q3 2025 | Aug 6, 2025 | $0.42 | $0.53 | +26.2% | ✓ BEAT |
Q2 2025 | May 12, 2025 | $1.46 | $1.65 | +13.0% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $1.21 | $1.39 | +14.9% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.07 | $0.09 | +28.6% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $0.48 | $0.31 | -35.4% | ✗ MISS |
Q2 2024 | May 8, 2024 | $1.42 | $1.37 | -3.5% | ✗ MISS |
Q1 2024 | Feb 28, 2024 | $1.12 | $1.13 | +0.9% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $0.04 | $0.10 | +138.3% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $0.20 | $0.47 | +135.0% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $1.39 | $1.69 | +21.6% | ✓ BEAT |
Q1 2023 | Feb 28, 2023 | $1.57 | $1.16 | -26.1% | ✗ MISS |
Q4 2022 | Nov 9, 2022 | $0.28 | $-0.05 | -117.9% | ✗ MISS |
Q3 2022 | Aug 9, 2022 | $0.53 | $0.23 | -56.6% | ✗ MISS |
Q2 2022 | May 9, 2022 | $2.14 | $1.74 | -18.7% | ✗ MISS |
Q1 2022 | Mar 1, 2022 | $1.57 | $1.15 | -26.8% | ✗ MISS |
Q4 2021 | Nov 9, 2021 | $0.17 | $0.05 | -70.6% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $0.44 | $0.43 | -2.3% | ✗ MISS |
Latest News
Southwest Gas Promotes Justin S. Forsberg To CFO, Effective Dec. 1, Succeeding Robert J.
➖ NeutralSouthwest Gas Hldgs Q3 Adj. EPS Cont Ops.
➖ NeutralSouthwest Gas CFO Robert J. Stefani Departing, Effective Dec. 1
📉 NegativeSouthwest Gas Hldgs Q3 Adj. EPS $0.06 Beats $0.05 Estimate
📈 PositiveMizuho Initiates Coverage On Southwest Gas Hldgs with Outperform Rating, Announces Price Target of $91
📈 PositiveJefferies Maintains Buy on Southwest Gas Hldgs, Raises Price Target to $88
📈 PositiveSouthwest Gas Holdings Closes $525M Registered Offering Of 27.4M Centuri Shares At $19.60; Fully Exits Stake In Centuri Holdings
➖ NeutralReported Earlier, Southwest Gas Prices $536M Secondary Offering Of 27,362,210 Centuri Common Stock At $19.60 Per Share
➖ NeutralSouthwest Gas To Fully Exit Centuri With Sale Of 27.4M Shares In Public Offering
➖ NeutralB of A Securities Upgrades Southwest Gas Hldgs to Buy, Raises Price Target to $84
📈 PositiveSouthwest Gas prices secondary offering of Centuri at $17.50 per share
➖ NeutralSouthwest Gas to sell 9M Centuri shares; Icahn Funds commit $50M in private placement
➖ NeutralFrequently Asked Questions about SWX
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