Southwest Gas Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,940	2,475	2,535	4,960	3,680
Revenue Growth (YoY)	-21.61%	-2.35%	-48.90%	34.77%	11.57%
Operations & Maintenance	544.06	526.68	533.01	636.77	473.15
Depreciation & Amortization	330.72	303.1	295.46	470.46	371.04
Other Operating Expenses	574.23	1,222	1,322	3,423	2,481
Total Operating Expenses	1,449	2,052	2,150	4,530	3,325
Operating Income	491.36	423	384.59	430.28	355.53
Interest Expense	-203.08	-206.53	-194.81	-242.75	-119.2
Interest Income	20.94	33.58	50.76	16.18	5.11
Net Interest Expense	-182.14	-172.95	-144.05	-226.57	-114.09
Income (Loss) on Equity Investments	-	-	0.39	2.63	0.23
Currency Exchange Gain (Loss)	-	-	-	0.98	-0.02
Allowance for Equity Funds for Construction	5.81	6.6	1.95	0.47	-
Other Non-Operating Income (Expenses)	15.84	-2.51	-2.25	-25.69	5.21
EBT Excluding Unusual Items	330.87	254.14	240.63	182.09	246.85
Impairment of Goodwill	-	-	-71.23	-455.43	-
Pretax Income	330.87	254.14	169.4	-273.34	246.85
Income Tax Expense	96.04	33.16	29.41	-75.65	39.65
Earnings From Continuing Ops.	234.84	220.98	139.99	-197.68	207.2
Earnings From Discontinued Ops.	200.34	-16.14	15.52	-	-
Net Income to Company	435.18	204.84	155.52	-197.68	207.2
Minority Interest in Earnings	4.65	-6.02	-4.63	-5.61	-6.42
Net Income	439.83	198.82	150.89	-203.29	200.78
Net Income to Common	439.83	198.82	150.89	-203.29	200.78
Net Income Growth	121.22%	31.76%	-	-	-13.58%
Shares Outstanding (Basic)	72	72	71	66	59
Shares Outstanding (Diluted)	72	72	71	66	59
Shares Change (YoY)	0.42%	1.47%	8.29%	10.63%	5.68%
EPS (Basic)	6.09	2.77	2.13	-3.10	3.39
EPS (Diluted)	6.08	2.76	2.13	-3.10	3.39
EPS Growth	120.29%	29.58%	-	-	-18.12%
Free Cash Flow	-251.79	509.19	-256.66	-451.96	-604.24
Free Cash Flow Per Share	-3.48	7.07	-3.62	-6.89	-10.20
Dividend Per Share	2.480	2.480	2.480	2.455	2.355
Dividend Growth	-	-	1.02%	4.25%	4.44%
Profit Margin	22.67%	8.03%	5.95%	-4.10%	5.46%
Free Cash Flow Margin	-12.98%	20.57%	-10.13%	-9.11%	-16.42%
EBITDA	822.09	726.09	680.05	900.73	726.57
EBITDA Margin	42.37%	29.33%	26.83%	18.16%	19.74%
D&A For EBITDA	330.72	303.1	295.46	470.46	371.04
EBIT	491.36	423	384.59	430.28	355.53
EBIT Margin	25.32%	17.09%	15.17%	8.67%	9.66%
Effective Tax Rate	29.03%	13.05%	17.36%	-	16.06%
Revenue as Reported	1,940	2,475	2,535	4,960	3,680

Updated Feb 25, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q