Southwest Gas Corporation SWX
- Market cap
- $5.9B
- P/E
- 10.7×
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Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 53.51 | 72.32 | 62.54 | 73.27 | 45.68 | 57.00 | 59.51 | 53.79 | 57.55 | 64.69 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 79.58 | 86.87 | 85.97 | 92.94 | 81.62 | 73.54 | 95.62 | 68.03 | 80.29 | 83.23 |
High Price
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| 2,247 | 2,285 | 2,312 | 2,295 | 2,272 | 2,286 | 2,351 | 2,371 | 2,435 | 2,453 |
Employees
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| 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 |
Revenue/Emp
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| 2,460 | 2,549 | 2,880 | 3,120 | 3,299 | 3,680 | 4,960 | 2,535 | 2,475 | 1,940 |
Revenue
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| 83.86% | 86.07% | 85.44% | 87.65% | 89.61% | 88.29% | 83.89% | 50.56% | 53.54% | 74.35% |
Gross Margin
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| 232 | 259 | 243 | 273 | 305 | 247 | (273) | 169 | 254 | 331 |
EBT
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| 9.41% | 10.16% | 8.45% | 8.74% | 9.24% | 6.71% | (5.51%) | 6.68% | 10.27% | 17.05% |
EBT Margin
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| 153 | 194 | 182 | 217 | 239 | 207 | (198) | 156 | 205 | 435 |
Net Income
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| 289 | 251 | 249 | 303 | 332 | 371 | 470 | 295 | 303 | 331 |
Depreciation
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| 51.83 | 53.14 | 58.28 | 57.52 | 58.91 | 62.23 | 75.66 | 35.81 | 34.45 | 26.89 |
Revenue/Sh
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| 3.20 | 4.04 | 3.69 | 3.94 | 4.15 | 3.39 | (3.10) | 2.13 | 2.77 | 6.09 |
Earnings/Sh
|
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| 12.65 | 7.71 | 10.70 | 9.22 | 11.18 | 1.88 | 6.22 | 7.19 | 18.87 | 7.71 |
Cash Flow/Sh
|
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| (11.16) | (13.00) | (15.50) | (17.29) | (14.73) | (12.10) | (13.11) | (10.82) | (11.49) | (11.12) |
Capex/Sh
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| 1.50 | (5.29) | (4.80) | (8.07) | (3.55) | (10.22) | (6.89) | (3.63) | 7.39 | (3.42) |
Free CF/Sh
|
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| 35.00 | 37.79 | 45.56 | 46.20 | 47.77 | 49.94 | 46.66 | 46.76 | 51.24 | 54.89 |
Book Value/Sh
|
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| 47 | 48 | 49 | 54 | 56 | 59 | 66 | 71 | 72 | 72 |
Shares
|
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| 23.88 | 19.69 | 20.79 | 19.18 | 14.71 | 20.42 | 0.00 | 29.92 | 25.53 | 12.16 |
PE Ratio
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| 1.47 | 1.50 | 1.31 | 1.32 | 1.03 | 1.13 | 0.82 | 1.79 | 2.05 | 2.98 |
PS Ratio
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| 2.18 | 2.11 | 1.68 | 1.64 | 1.27 | 1.40 | 1.32 | 1.37 | 1.38 | 1.46 |
PB Ratio
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| 2.11 | 2.28 | 2.08 | 2.16 | 1.88 | 2.78 | 2.00 | 3.83 | 3.62 | 4.49 |
EV/Sales
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| 73.25 | (22.94) | (25.26) | (15.41) | (31.14) | (16.95) | (21.94) | (37.82) | 16.87 | (35.32) |
EV/FCF
|
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| 601 | 370 | 529 | 500 | 626 | 111 | 407 | 509 | 1,356 | 556 |
Op' Cash Flow
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| (530) | (624) | (766) | (938) | (825) | (716) | (859) | (766) | (825) | (803) |
Capex
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| 71 | (254) | (237) | (438) | (199) | (604) | (452) | (257) | 531 | (246) |
FCF
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| (95) | (159) | (99) | (220) | (41) | (1,497) | 285 | 196 | (368) | 262 |
Working Cap'
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| 1,600 | 2,038 | 2,292 | 2,675 | 2,880 | 6,322 | 5,991 | 5,281 | 4,184 | 3,508 |
Total Debt
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| 1,572 | 1,995 | 2,207 | 2,625 | 2,796 | 6,099 | 5,868 | 5,174 | 3,870 | 2,931 |
Net Debt
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| 1,661 | 1,812 | 2,252 | 2,506 | 2,675 | 2,954 | 3,059 | 3,310 | 3,681 | 3,961 |
Sh' Equity
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| 2.78% | 3.28% | 2.68% | 2.76% | 2.75% | 1.87% | (1.57%) | 1.20% | 1.66% | 3.91% |
ROA
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| 6.10% | 5.63% | 5.01% | 4.53% | 4.83% | 2.55% | (0.17%) | 2.16% | 3.36% | 4.30% |
ROIC
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| 9.35% | 11.16% | 8.97% | 8.99% | 8.97% | 7.13% | (6.76%) | 4.74% | 5.69% | 11.51% |
ROE
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Southwest Gas Corporation peers in Utilities Regulated Gas
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BKH Black Hills Corporation | $5.3B | 17.7× | Compare |
| NJR NewJersey Resources Corporation | $5.2B | 13.9× | Compare |
| SR Spire Inc. | $4.5B | 8.6× | Compare |
| OGS ONE Gas, Inc. | $4.5B | 15.4× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| UGI UGI Corporation | $7.8B | 11.7× | Compare |
| MDU MDU Resources Group, Inc. | $3.9B | 19.7× | Compare |
| CPK Chesapeake Utilities Corporation | $3.1B | 20.4× | Compare |
| CTRI Centuri Holdings, Inc. | $2.1B | 66.5× | Compare |
Southwest Gas Corporation (SWX) key facts
- Southwest Gas Corporation (SWX) is an Utilities Regulated Gas company in the Utilities sector, listed on the New York Stock Exchange.
- As of September 25, 2026, SWX traded at $82.44, a market capitalization of $5.9 billion.
- Southwest Gas Corporation pays an annual dividend of $2.48 per share, a yield of 9.72%, with a payout ratio of 103.4%.
- Return on equity was 11.5% and debt-to-equity 0.85.
Southwest Gas Corporation (SWX) Latest News
24 Sep
Southwest Gas Holdings, SWX, is pursuing aggressive infrastructure investments to boost safety, reliability, and service across its regulated gas-distribution networks. For 2026, SWX plans about $1.25 billion in capex—$925 million in Utility operations and $325 million for the Great Basin 2028 Expansion—within a $6.3 billion plan for 2026–2030. The company targets 9.5–11.5% annual rate-base growth and 12–14% annual adjusted EPS growth through 2030. In the first half of 2026 SWX spent about $520 million on modernization and expansion. The Great Basin 2028 project adds roughly 1 Bcf/d of contracted demand, with interest for 1.8 Bcf/d (2029–2035); capex for the project is about $2.3 billion, with potential annual incremental margin of $270–$300 million after completion. Regulatory recovery and these expansions could support rate-base growth and SWX's long-run trajectory. Zacks notes improving earnings estimates, lower debt-to-capital, and a Buy rating. Multi-billion-dollar capex and the Great Basin expansion, supported by regulatory recovery, could materially boost SWX's rate-base growth and earnings trajectory.
23 Sep
Southwest Gas (SWX) has fallen 6.3% over four weeks amid selling pressure. The stock sits in oversold territory with an RSI around 26.7, signaling a potential reversal as supply and demand realign. The downside appears overextended, creating a possible entry point for a rebound. On the fundamentals side, sell-side analysts have, on balance, raised earnings estimates for the year by a small amount in the past month, a factor often linked to near-term price strength. SWX carries a Zacks Rank #2 (Buy), placing it among the top stocks based on earnings revisions and surprises. The piece notes both technical and fundamental signals that could support a short-term uptick, though RSI limitations and broader market factors remain important caveats. Oversold RSI and modest EPS revisions imply potential near-term rebound.
5 Sep
Southwest Gas (SWX) increased its pipeline investment by $600 million. Additional $600 million pipeline commitment constitutes a major capital outlay likely to reshape financial trajectory and investor view of growth strategy.
12 Aug
Southwest Gas (SWX) released Q2 2026 earnings results during its conference call. Quarterly earnings calls typically influence short-term stock sentiment through results and guidance.
9 Aug
Southwest Gas reported Q2 revenue of $1.1B and EPS of $0.45, with management noting higher operating costs and pipeline investments while maintaining full-year guidance amid regulatory reviews in key states. Quarterly results and guidance updates supply fresh financial data that can shift near-term valuation without altering long-term business model.
5 Aug
Southwest Gas Holdings, Inc. summarized its Q2 2026 earnings call. Q2 earnings updates moderately influence investor views on company trajectory.
Southwest Gas Holdings Inc (SWX) reported strong Holdco performance during its Q2 2026 earnings call. Strong Holdco performance points to moderate influence on Southwest Gas Corporation future trajectory without major strategic shifts.
Southwest Gas Holdings reported second quarter 2026 financial results and reaffirmed full-year 2026 guidance. Quarterly results with reaffirmed guidance update financial performance outlook without signaling major strategic shifts.
29 Jul
Southwest Gas (SWX) is projected to exceed earnings estimates, prompting questions over possible stock price gains. Earnings beat expectations can drive short-term stock moves and sentiment shifts for Southwest Gas.
25 Jun
OGS reports improved performance from customer growth and strategic investments. Customer growth plus investments point to moderate ongoing effects on operations and results.
12 Jun
Southwest Gas Corporation benefits from its regulated business structure and ongoing strategic investments that support stable operations and growth. Regulated structure and strategic investments support moderate operational stability and incremental growth without transformative shifts.
6 Jun
Southwest Gas plans US$6.3 billion grid upgrade with accompanying EPS revisions as investors evaluate effects on company outlook and performance. US$6.3 billion grid upgrade constitutes major capital investment and strategic shift with direct effects on infrastructure spending and earnings trajectory.
17 May
Icahn exits Southwest Gas, shifting focus to board reset and strategic review at the utility. Icahn exit forces board overhaul and strategy shift with major implications for SWX direction.
13 May
Activist investor Carl C. Icahn expresses strong interest in Southwest Gas Holdings (SWX), highlighting the gas utility as a favorable investment amid potential strategic opportunities. Icahn's interest signals potential activist involvement that could drive major strategic shifts and significantly boost SWX stock sentiment.
8 May
Southwest Gas evaluates oversubscribed pipeline project and pending rate cases relative to its current valuation. Oversubscribed pipeline and rate cases signal major strategic and regulatory opportunities to enhance revenue growth and reshape valuation.
5 May
Southwest Gas Corporation (SWX) Q1 earnings beat analyst estimates despite a year-over-year revenue decline. Earnings beat provides moderate boost to financial performance and investor sentiment, offset by revenue decline.
Southwest Gas Corporation topped Q1 earnings estimates, reporting stronger-than-expected results driven by solid performance in its natural gas distribution segments. Beating Q1 earnings estimates signals solid financial performance and boosts short-term investor sentiment without fundamentally altering long-term trajectory.
Southwest Gas Holdings, Inc. reported first quarter 2026 financial results and affirmed full-year 2026 and long-term guidance. Quarterly earnings with affirmed guidance moderately influences financial performance and investor sentiment.
24 Mar
Icahn Enterprises recently acquired $78 million in additional Centuri shares, but the core developments originated earlier, potentially impacting Southwest Gas Holdings. Icahn's expanded stake in the Centuri spinoff exerts moderate activist influence on Southwest Gas's strategy and market perception.
20 Mar
Rising customer base and strategic investments drive positive performance for Southwest Gas Corporation (SWX). Customer expansion and strategic investments represent major drivers of SWX's future growth and market performance.
28 Feb
Southwest Gas Corporation released Q4 earnings call highlights, detailing financial performance, strategic updates, and future outlook. Q4 earnings call highlights cover financial results, guidance, and strategic initiatives that significantly influence Southwest Gas's trajectory and investor sentiment.
27 Feb
Southwest Gas Holdings (SWX) beat earnings expectations, hiked its dividend, and completed a CEO transition, prompting a fresh valuation assessment. Earnings beat and dividend hike signal financial strength and boost investor sentiment, while CEO transition introduces strategic potential.
26 Feb
Southwest Gas Corporation targets 14% annual growth through 2030 despite missing recent earnings expectations. Ambitious 14% growth target through 2030 represents a major strategic commitment that could significantly boost long-term investor sentiment despite the earnings miss.
Southwest Gas Holdings, Inc. released Q4 2025 earnings call summary detailing financial results, operational updates, and forward guidance. Q4 earnings call summary reveals financial performance and guidance that significantly shape investor expectations and stock trajectory.
Southwest Gas Corporation's fourth-quarter earnings and revenues missed analyst estimates. Q4 earnings and revenue misses highlight weaker financial results, moderately affecting investor sentiment and short-term stock performance.
25 Feb
Southwest Gas Holdings Inc (SWX) highlighted strong financial performance in Q4 2025 earnings call, covering key metrics and outlook. Strong Q4 2025 earnings results drive significant positive shifts in investor sentiment and company trajectory.
Southwest Gas Corporation (SWX) released its Q4 2025 earnings call transcript, detailing financial results, operational updates, and forward guidance. Q4 2025 earnings transcript discloses financial performance and strategic outlook that significantly impact SWX's future trajectory and market sentiment.
Southwest Gas Holdings announces CEO succession plan to ensure leadership continuity. CEO succession signals major leadership transition with potential to reshape strategic direction and investor confidence.
Southwest Gas Corporation (SWX) reported Q4 earnings and revenue below analyst estimates. Missing Q4 earnings and revenue estimates highlights financial underperformance with moderate effects on investor sentiment and stock trajectory.
Southwest Gas Holdings, Inc. reported fourth quarter and full-year 2025 financial results. Q4 and full-year 2025 financial results disclosure affects key financial metrics and investor sentiment without transformative changes.