Wall Street analyst estimates for Southwest Gas Holdings, Inc. (SWX): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Southwest Gas Holdings, Inc., operating through its various subsidiaries, is primarily engaged in the delivery and transportation of natural gas to customers across Arizona, Nevada, and California. The company's operations are segmented into Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage.
Consensus price target
$101.80 (+9 % vs price $93.08)
between $95.00 and $106.00 · 3 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $1.9B | $1.9B – $2.1B | $4.28 | 6 |
| 2027E | $2.1B | $2.0B – $2.2B | $5.00 | 6 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 10 |
| Hold | 1 |
| Sell | 3 |
| Strong Sell | 0 |
| Total analysts | 14 |
| Avg rating (−2 sell to +2 buy) | 0.50 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-04 | $0.17 | ||
| 2026-08-05 | $0.58 | $0.45 | +28.6% |
| 2026-05-05 | $1.91 | $1.88 | +1.6% |
| 2026-02-25 | $1.36 | $1.40 | -2.9% |
| 2025-11-05 | $3.74 | $0.09 | +4055.6% |
| 2025-08-06 | $0.18 | $0.42 | -57.1% |
| 2025-05-12 | $1.58 | $1.46 | +8.2% |
| 2025-02-26 | $1.29 | $1.15 | +12.2% |
Valuation Ratios
| P/E Ratio | 12.98 |
| Price / Book | 1.65 |
| EV / EBITDA | 11.38 |
| Dividend Yield | 2.70% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.46B | $2.55B | $2.88B | $3.12B | $3.30B | $3.68B | $4.96B | $5.43B | $5.11B | $1.94B |
| Cost of Revenue | $1.82B | $1.92B | $2.21B | $2.38B | $2.48B | $2.86B | $3.97B | $4.41B | $4.10B | $1.37B |
| Gross Profit | $637.2M | $632.6M | $666.5M | $737.4M | $818.5M | $820.9M | $994.9M | $1.02B | $1.01B | $568.0M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $7.4M | -$13,000 | -$52,000 | -$102,000 | -$8,000 | $7,000 | $263,000 | -$151,000 | $84,000 | 0 |
| Operating Expenses | $341.5M | $308.9M | $309.1M | $365.6M | $395.5M | $451.4M | $1.02B | $600.9M | $527.4M | $94.1M |
| Operating Income | $295.7M | $323.7M | $357.4M | $371.8M | $423.0M | $369.5M | -$24.4M | $418.3M | $483.8M | $473.9M |
| EBITDA | $584.8M | $577.3M | $592.5M | $685.1M | $748.2M | $737.1M | $439.9M | $930.5M | $976.8M | $864.7M |
| Interest Expense | $73.7M | $78.1M | $96.7M | $109.2M | $111.5M | $119.2M | $242.8M | $292.3M | $297.0M | $203.1M |
| Pre-tax Income | $231.5M | $259.0M | $243.3M | $272.7M | $304.7M | $246.8M | -$273.3M | $197.3M | $241.3M | $330.9M |
| Income Tax | $78.5M | $65.1M | $61.7M | $56.0M | $65.8M | $39.6M | -$75.7M | $41.8M | $36.5M | $96.0M |
| Net Income | $152.0M | $193.8M | $182.3M | $213.9M | $232.3M | $200.8M | -$203.3M | $150.9M | $198.8M | $439.8M |
| EPS | $3.20 | $4.04 | $3.69 | $3.94 | $4.15 | $3.39 | $-3.10 | $2.13 | $2.77 | $6.09 |
| EPS (Diluted) | $3.18 | $4.04 | $3.68 | $3.94 | $4.14 | $3.39 | $-3.10 | $2.13 | $2.76 | $6.08 |
| Shares Outstanding (Diluted) | 47.8 M | 48.0 M | 49.5 M | 54.3 M | 56.1 M | 59.3 M | 65.6 M | 71.0 M | 72.0 M | 72.3 M |
Price
| Price | $93.08 (closing price, October 30, 2026) |
| Market Cap | $6.7B |
| Exchange | NYSE |
| Country | US |
Related companies: PCG · CMS · UGI · TXNM · ENIC · NJR · OGS · SR
Explore sector: Utilities · Regulated Gas
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