Southwest Gas Holdings, Inc.

NYSE:SWX Stock Report

Market Cap: US$5.6b

Southwest Gas Holdings Future Growth

Future criteria checks 2/6

Southwest Gas Holdings's revenue is forecast to decline at 5.4% per annum while its annual earnings are expected to grow at 18.1% per year. EPS is expected to grow by 17.3% per annum. Return on equity is forecast to be 8.8% in 3 years.

Key information

18.1%

Earnings growth rate

17.34%

EPS growth rate

Gas Utilities earnings growth14.6%
Revenue growth rate-5.4%
Future return on equity8.83%
Analyst coverage

Low

Last updated09 Sep 2025

Recent future growth updates

The Southwest Gas Holdings, Inc. (NYSE:SWX) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Nov 09
The Southwest Gas Holdings, Inc. (NYSE:SWX) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Recent updates

Southwest Gas Holdings: True Value Of Core Business Is Currently Obscured

Sep 08

Southwest Gas Holdings (NYSE:SWX) Has Announced A Dividend Of $0.62

Aug 07
Southwest Gas Holdings (NYSE:SWX) Has Announced A Dividend Of $0.62

Southwest Gas Holdings (NYSE:SWX) Takes On Some Risk With Its Use Of Debt

Aug 06
Southwest Gas Holdings (NYSE:SWX) Takes On Some Risk With Its Use Of Debt

Southwest Gas Holdings (NYSE:SWX) Has Affirmed Its Dividend Of $0.62

Jul 10
Southwest Gas Holdings (NYSE:SWX) Has Affirmed Its Dividend Of $0.62

Southwest Gas Holdings (NYSE:SWX) Will Pay A Dividend Of $0.62

Jun 18
Southwest Gas Holdings (NYSE:SWX) Will Pay A Dividend Of $0.62

Southwest Gas Holdings' (NYSE:SWX) Dividend Will Be $0.62

May 01
Southwest Gas Holdings' (NYSE:SWX) Dividend Will Be $0.62

Should Shareholders Reconsider Southwest Gas Holdings, Inc.'s (NYSE:SWX) CEO Compensation Package?

Apr 24
Should Shareholders Reconsider Southwest Gas Holdings, Inc.'s (NYSE:SWX) CEO Compensation Package?

Southwest Gas: Attractive Valuation And Insulation From Market Carnage (Upgrade)

Apr 07

Southwest Gas Holdings, Inc.'s (NYSE:SWX) Price In Tune With Earnings

Mar 27
Southwest Gas Holdings, Inc.'s (NYSE:SWX) Price In Tune With Earnings

Southwest Gas Holdings (NYSE:SWX) Has Affirmed Its Dividend Of $0.62

Mar 05
Southwest Gas Holdings (NYSE:SWX) Has Affirmed Its Dividend Of $0.62

Southwest Gas Holdings, Inc.'s (NYSE:SWX) Shares Lagging The Industry But So Is The Business

Dec 06
Southwest Gas Holdings, Inc.'s (NYSE:SWX) Shares Lagging The Industry But So Is The Business

The Southwest Gas Holdings, Inc. (NYSE:SWX) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Nov 09
The Southwest Gas Holdings, Inc. (NYSE:SWX) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Southwest Gas: Dividend Aristocrat With Big Upside Potential

Oct 16
User avatar

Centuri IPO And Critical Focus Poised To Enhance Operational Efficiency And Financial Health

Strategic investments in utility infrastructure and cost management efforts are expected to drive earnings growth by enhancing efficiency and net margins.

Southwest Gas Holdings: Hold, 'What A Long, Strange Trip It's Been'

Jun 24

Southwest Gas Holdings Could Face A Customer Uprising

Feb 21

Southwest Gas Holdings: Bottom Line Recovers, But Dilution Continues

Dec 18

Southwest Gas Q3: Improved Financial Performance But No Significant Future Growth Prospects

Nov 27

Southwest Gas Holdings: Should Handle Weakening Consumers, But Valuation High

Sep 12

Southwest Gas: Reasonable Total Return And A Growing Service Area

Jul 03

Earnings and Revenue Growth Forecasts

NYSE:SWX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20274,520381N/A5533
12/31/20265,194315-1555373
12/31/20254,755249-898351
6/30/20254,76619414923N/A
3/31/20254,8282251911,103N/A
12/31/20245,1121994101,356N/A
9/30/20245,2101795471,465N/A
6/30/20245,3001824691,347N/A
3/31/20245,4121933641,239N/A
12/31/20235,434151-363509N/A
9/30/20235,487-203-609303N/A
6/30/20235,443-218-774156N/A
3/31/20235,296-254-88135N/A
12/31/20224,960-203-452407N/A
9/30/20224,624147-458363N/A
6/30/20224,387148-372374N/A
3/31/20224,062180-375350N/A
12/31/20213,680201-604111N/A
9/30/20213,510234-510190N/A
6/30/20213,413264-487252N/A
3/31/20213,348277-465302N/A
12/31/20203,299232-199626N/A
9/30/20203,233220-242610N/A
6/30/20203,167208-293597N/A
3/31/20203,123192-354584N/A
12/31/20193,120214-438500N/A
9/30/20193,058192-425500N/A
6/30/20193,001199-338560N/A
3/31/20192,959198N/A536N/A
12/31/20182,880182N/A529N/A
9/30/20182,834209N/A478N/A
6/30/20182,759207N/A419N/A
3/31/20182,648204N/A389N/A
12/31/20172,549194N/A370N/A
9/30/20172,450163N/A422N/A
6/30/20172,397155N/A382N/A
3/31/20172,384146N/A448N/A
12/31/20162,460152N/A601N/A
9/30/20162,504153N/A613N/A
6/30/20162,470146N/A630N/A
3/31/20162,461142N/A639N/A
12/31/20152,464138N/A552N/A
9/30/20152,406131N/A497N/A
6/30/20152,333138N/A483N/A
3/31/20152,248142N/A427N/A
12/31/20142,122141N/A346N/A
9/30/20142,032140N/A340N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SWX's forecast earnings growth (18.1% per year) is above the savings rate (3.1%).

Earnings vs Market: SWX's earnings (18.1% per year) are forecast to grow faster than the US market (15.2% per year).

High Growth Earnings: SWX's earnings are forecast to grow, but not significantly.

Revenue vs Market: SWX's revenue is expected to decline over the next 3 years (-5.4% per year).

High Growth Revenue: SWX's revenue is forecast to decline over the next 3 years (-5.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SWX's Return on Equity is forecast to be low in 3 years time (8.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/10 21:35
End of Day Share Price 2025/09/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Southwest Gas Holdings, Inc. is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gary HovisArgus Research Company
Jim HarmonBarclays
Mark LevinBB&T Capital Markets