Southwest Gas Holdings, Inc. (SWX)

Southwest Gas Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,650	5,112	5,434	4,960	3,680	3,299
Revenue Growth (YoY)	41.35%	-5.92%	9.56%	34.77%	11.57%	5.74%
Operations & Maintenance	544.15	536.16	544.08	636.77	473.15	408.12
Depreciation & Amortization	459.48	438.44	440.91	470.46	371.04	332.03
Other Operating Expenses	3,086	3,638	3,939	3,423	2,481	2,156
Total Operating Expenses	4,090	4,612	4,924	4,530	3,325	2,896
Operating Income	560.29	500.29	509.95	430.28	355.53	402.98
Interest Expense	-301.38	-297.04	-292.29	-242.75	-119.2	-111.48
Interest Income	23.25	33.58	50.76	16.18	5.11	4.01
Net Interest Expense	-278.13	-263.46	-241.53	-226.57	-114.09	-107.46
Income (Loss) on Equity Investments	0.19	0.19	0.87	2.63	0.23	0.08
Currency Exchange Gain (Loss)	-0.05	-0.05	-0.52	0.98	-0.02	-0.02
Allowance for Equity Funds for Construction	5.46	6.6	1.95	0.47	-	4.72
Other Non-Operating Income (Expenses)	2.2	-2.27	-2.14	-25.69	5.21	4.43
EBT Excluding Unusual Items	289.96	241.3	268.58	182.09	246.85	304.74
Impairment of Goodwill	-	-	-71.23	-455.43	-	-
Pretax Income	289.96	241.3	197.35	-273.34	246.85	304.74
Income Tax Expense	54.26	36.46	41.83	-75.65	39.65	65.75
Earnings From Continuing Ops.	235.7	204.84	155.52	-197.68	207.2	238.99
Minority Interest in Earnings	2.7	-6.02	-4.63	-5.61	-6.42	-6.66
Net Income	463.92	198.82	150.89	-203.29	200.78	232.32
Net Income to Common	463.92	198.82	150.89	-203.29	200.78	232.32
Net Income Growth	158.84%	31.76%	-	-	-13.58%	8.60%
Shares Outstanding (Basic)	72	72	71	66	59	56
Shares Outstanding (Diluted)	72	72	71	66	59	56
Shares Change (YoY)	0.36%	1.47%	8.29%	10.63%	5.68%	3.25%
EPS (Basic)	6.44	2.77	2.13	-3.10	3.39	4.15
EPS (Diluted)	6.42	2.76	2.13	-3.10	3.39	4.14
EPS Growth	157.10%	29.58%	-	-	-18.12%	5.08%
Free Cash Flow	-196.6	409.86	-363.31	-451.96	-604.24	-199.03
Free Cash Flow Per Share	-2.72	5.69	-5.12	-6.89	-10.20	-3.55
Dividend Per Share	2.480	2.480	2.480	2.455	2.355	2.255
Dividend Growth	-	-	1.02%	4.25%	4.44%	4.64%
Profit Margin	9.98%	3.89%	2.78%	-4.10%	5.46%	7.04%
Free Cash Flow Margin	-4.23%	8.02%	-6.69%	-9.11%	-16.42%	-6.03%
EBITDA	1,020	938.73	950.86	900.73	726.57	735.01
EBITDA Margin	21.93%	18.36%	17.50%	18.16%	19.74%	22.28%
D&A For EBITDA	459.48	438.44	440.91	470.46	371.04	332.03
EBIT	560.29	500.29	509.95	430.28	355.53	402.98
EBIT Margin	12.05%	9.79%	9.38%	8.67%	9.66%	12.22%
Effective Tax Rate	18.71%	15.11%	21.20%	-	16.06%	21.58%
Revenue as Reported	4,650	5,112	5,434	4,960	3,680	3,299

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q