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%
Fuel and Purchased Power Expense	497.64	1,150	1,253	799.06	430.91
Operations and Maintenance Expenses	544.06	526.68	533.01	636.77	473.15
Gross Profit	898.68	798.53	748.42	3,524	2,776
Depreciation & Amortization Expenses	330.72	303.1	295.46	470.46	371.04
Taxes Other than Income Tax	94.07	88.97	88.75	93.38	80.34
Other Operating Expenses	-	-	71.23	2,985	1,955
Operating Income	473.89	406.47	292.98	-24.4	369.55
Interest Expense	-203.08	-206.53	-194.81	-242.75	-119.2
Other Non-Operating Income (Expense)	60.07	54.19	71.24	-6.19	-3.5
Total Non-Operating Income (Expense)	-143.01	-152.34	-123.57	-248.94	-122.7
Pretax Income	330.87	254.14	169.4	-273.34	246.85
Provision for Income Taxes	96.04	33.16	29.41	-75.65	39.65
Net Income	439.83	198.82	150.89	-203.29	200.78
Minority Interest in Earnings	-4.65	6.02	4.63	5.61	6.42
Earnings From Discontinued Operations	200.34	-16.14	15.52	-	-
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%	8.22%	10.70%	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
Dividends Per Share	2.480	2.480	2.480	2.455	2.355
Dividend Growth	-	-	1.02%	4.25%	4.44%
Gross Margin	46.31%	32.26%	29.53%	71.05%	75.44%
Operating Margin	24.42%	16.42%	11.56%	-0.49%	10.04%
Profit Margin	22.43%	8.28%	6.14%	-3.99%	5.63%
FCF Margin	-12.98%	20.57%	-10.13%	-9.11%	-16.42%
EBITDA	804.61	709.57	588.44	446.06	740.59
EBITDA Margin	41.47%	28.67%	23.22%	8.99%	20.12%
EBIT	473.89	406.47	292.98	-24.4	369.55
EBIT Margin	24.42%	16.42%	11.56%	-0.49%	10.04%
Effective Tax Rate	29.03%	13.05%	17.36%	27.68%	16.06%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q