Southwest Gas Holdings, Inc. announced a director or officer change
SEC 8-KRead source ↗
Southwest Gas Holdings, Inc. is a US-listed company in the gas utilities industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$78
Forward price-to-earnings vs peers
Base case. Range ~$77–$97. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Southwest Gas Holdings, Inc. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders0 buying, 2 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
- Funds217 adding, 156 cuttingOf 61 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Southwest Gas Holdings, Inc.'s latest figures clears our strength thresholds.
Things to watch
- Short interest rising. Shares sold short rose 33% in a month to 5.3% of tradable shares.
- Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
Latest results
- Earnings per share
- $0.45 against an average estimate of $0.44: beat by 3.4%
- Share reaction
- +3.8% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
- Next report
- November 4, 2026; average EPS estimate $0.15
Price chart
- 1 day+0.7%
- 1 week+1.5%
- 1 month+13.4%
- This year+19.7%
- 1 year+21.4%
- 5 years+55.6%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Earnings
- Last results
- August 5, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Leadership
- Results
Southwest Gas Holdings, Inc. reported results
SEC 8-KRead source ↗
Valuation models
We value Southwest Gas Holdings, Inc. as an utility or power producer, with every model that fits that kind of business. Cost of equity 7.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.53 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. | — | Does not apply: net income is not positive |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$78 ~$77–$97 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Combined value Weighted average of the models that apply: the primary model (utility earnings model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$78 ~$77–$97 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Southwest Gas Holdings, Inc. with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Forecasts and guidance
Next results: November 4, 2026, before the open. Analysts expect revenue of $346m and EPS of $0.15 (range $0.10 to $0.22) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $4.27 | +17% | $1.9bn | −46% |
| Next | $5.03 | +18% | $2.1bn | +6% |
Next year's EPS estimate has moved +3.3% in 90 days, across 10 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +1.1% on 90 days ago. In the last 30 days, 2 analysts raised Southwest Gas Holdings, Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $4.22 | $4.87 |
| 60 days ago | $4.25 | $4.94 |
| 30 days ago | $4.26 | $4.95 |
| 7 days ago | $4.28 | $5.03 |
| Now | $4.27 | $5.03 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.44 | $0.45 | +3.4% |
| Mar 2026 | $2.07 | $1.91 | −7.8% |
| Dec 2025 | $1.38 | $1.36 | −1.1% |
| Sept 2025 | $0.04 | $0.06 | +50.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 5.3% of tradable shares
- Days to cover
- 3.73 at average volume
- Short interest, 1 month
- +33% to October 15, 2026
- Held by institutions
- 96% of shares
- Held by insiders
- 0.6% of shares
- Employees
- 2,453 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| SWX | +19% | −9% | +7% | +16% | +17% | +20% |
| Industry peers (median) | +12% | +2% | −9% | +9% | +15% | +7% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| SWX | 67% | 42% | 50% | 50% | 75% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| SWX | −13% | −33% | −19% | −14% | −14% | −12% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 43% from September 16, 2019 to March 16, 2020. Getting back needed a 74% gain, reached on April 18, 2022, 763 days after the low.
Price behaviour
- 52-week range
- $76.58 – $93.73
- From 52-week high
- 0.0%
- vs 50-day average
- +7.8%
- vs 200-day average
- +7.1%
- Volatility (1 year)
- 18%
- Beta vs S&P 500
- -0.14
Share price after results
- Next day
- 5 up, 7 down typical move ±3.2%
- After a week
- 8 up, 4 down typical move ±3.9%
- After a month
- 4 up, 8 down typical move ±4.5%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 5, 2026 | +3.8% | −0.4% | +3.5% | +0.3% |
| May 5, 2026 | −2.4% | +2.2% | −3.4% | −5.7% |
| February 25, 2026 | +0.5% | +0.3% | +1.8% | −1.6% |
| January 9, 2026 | +0.9% | +0.8% | +6.7% | +3.3% |
| November 5, 2025 | −4.3% | −0.7% | −0.8% | −3.2% |
| August 6, 2025 | −1.1% | +0.7% | +0.5% | −0.4% |
| May 12, 2025 | −10.0% | +4.0% | −4.9% | −4.4% |
| February 26, 2025 | −4.6% | −1.5% | −4.2% | −6.7% |
| November 6, 2024 | −0.3% | +3.3% | +4.1% | +3.6% |
| August 6, 2024 | −1.0% | +0.2% | +0.6% | −1.0% |
| May 8, 2024 | +0.9% | +0.6% | +0.6% | −2.1% |
| February 28, 2024 | +9.0% | +0.2% | +16.0% | +21.7% |
Fundamentals
Where the revenue comes from
| Line of business | Revenue | YoY |
|---|---|---|
| Natural Gas Distribution | $2.5B | — |
| Pipeline and Storage | $35.1M | — |
These categories overlap or exclude eliminations, so shares aren't shown.
From Southwest Gas Holdings, Inc.'s 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Who owns it
Funds buying and selling- Reported value
- $6B
- Institutions reporting
- 410
- Shares held vs prior quarter
- ▲ 3.5%
- Positions opened / closed
- 49 / 39
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $992M | 11.2M | 16.6% | ▲ 4.0% |
| FMR LLC | $494M | 5.6M | 8.3% | ▲ 8.0% |
| Vanguard Portfolio Management LLC | $352M | 4.0M | 5.9% | ▲ 3.1% |
| Corvex Management LP | $285M | 3.2M | 4.8% | ▼ 25.7% |
| Vanguard Capital Management LLC | $270M | 3.0M | 4.5% | ▲ 1.3% |
| State Street Corp | $231M | 2.6M | 3.9% | ▲ 7.7% |
| Geode Capital Management, LLC | $185M | 2.1M | 3.1% | ▲ 22.2% |
| Maverick Capital Ltd | $168M | 1.9M | 2.8% | ▼ 11.2% |
| AQR Capital Management LLC | $142M | 1.6M | 2.4% | ▲ 37.8% |
| Adage Capital Partners Gp, L.L.C. | $120M | 1.4M | 2.0% | ▼ 8.2% |
| T. Rowe Price Investment Management, Inc. | $101M | 1.1M | 1.7% | ▲ 10.2% |
| Channing Capital Management, LLC | $95.3M | 1.1M | 1.6% | ▼ 2.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Southwest Gas Holdings, Inc.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $450,035 2 trades by 2 insiders · 55% under pre-set plans
Net ▼ $450,035 net selling
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Williams Julie M. SVP/Cont. Improvement and Opt. | September 28, 2026 | Sell | 2,500 | $81.81 | $204,525 |
| Brown Justin L President/Southwest Gas Corp. | January 9, 2026 | Sell pre-set plan | 3,028 | $81.08 | $245,510 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Trades by members of Congress
All 3 trades and filingsNo trades in Southwest Gas Holdings, Inc. disclosed in the last 12 months; 3 earlier trades on record.
- Michael GuestPurchase, $1,001 - $15,000, traded August 7, 2023, filed August 23, 2023
- Daniel S. GoldmanSale (full), $1,001 - $15,000, traded April 10, 2023, filed May 19, 2023
- Daniel S. GoldmanPurchase, $1,001 - $15,000, traded March 1, 2023, filed April 17, 2023
Earnings dates and SEC filings
Results announcements
Next expected around October 26, 2026 estimated from the company's past filing pattern, not announced
- August 5, 2026
- May 5, 2026
- February 25, 2026
- January 9, 2026
- November 5, 2025
- August 6, 2025
Recent SEC filings
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- DEF 14A Proxy statement
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Southwest Gas Holdings, Inc. in brief
- What does Southwest Gas Holdings, Inc. do?
- Southwest Gas Holdings, Inc. is a US-listed company in the gas utilities industry. Its financial year ends in December.
- What is Southwest Gas Holdings, Inc.'s stock ticker?
- Southwest Gas Holdings, Inc. trades under the ticker SWX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Southwest Gas Holdings, Inc.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Are insiders buying or selling Southwest Gas Holdings, Inc. stock?
- Over the last 12 months, Southwest Gas Holdings, Inc.'s directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
- When is Southwest Gas Holdings, Inc.'s next earnings date?
- Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Southwest Gas Holdings, Inc. announces its own schedule.
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