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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,766	5,112	5,434	4,960	3,680	3,299
Revenue Growth (YoY)	-10.07%	-5.92%	9.56%	34.77%	11.57%	5.74%
Operations & Maintenance	536.34	536.16	544.08	636.77	473.15	408.12
Depreciation & Amortization	454.3	438.44	440.91	470.46	371.04	332.03
Other Operating Expenses	3,223	3,638	3,939	3,423	2,481	2,156
Total Operating Expenses	4,214	4,612	4,924	4,530	3,325	2,896
Operating Income	552.5	500.29	509.95	430.28	355.53	402.98
Interest Expense	-295.56	-297.04	-292.29	-242.75	-119.2	-111.48
Interest Income	26.3	33.58	50.76	16.18	5.11	4.01
Net Interest Expense	-269.27	-263.46	-241.53	-226.57	-114.09	-107.46
Income (Loss) on Equity Investments	0.5	0.19	0.87	2.63	0.23	0.08
Currency Exchange Gain (Loss)	-0.08	-0.05	-0.52	0.98	-0.02	-0.02
Allowance for Equity Funds for Construction	5.83	6.6	1.95	0.47	-	4.72
Other Non-Operating Income (Expenses)	-0.9	-2.27	-2.14	-25.69	5.21	4.43
EBT Excluding Unusual Items	288.59	241.3	268.58	182.09	246.85	304.74
Impairment of Goodwill	-	-	-71.23	-455.43	-	-
Pretax Income	291.39	241.3	197.35	-273.34	246.85	304.74
Income Tax Expense	95.46	36.46	41.83	-75.65	39.65	65.75
Earnings From Continuing Ops.	195.92	204.84	155.52	-197.68	207.2	238.99
Minority Interest in Earnings	-2.19	-6.02	-4.63	-5.61	-6.42	-6.66
Net Income	193.73	198.82	150.89	-203.29	200.78	232.32
Net Income to Common	193.73	198.82	150.89	-203.29	200.78	232.32
Net Income Growth	6.35%	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)	0.32%	1.47%	8.29%	10.63%	5.68%	3.25%
EPS (Basic)	2.69	2.77	2.13	-3.10	3.39	4.15
EPS (Diluted)	2.69	2.76	2.13	-3.10	3.39	4.14
EPS Growth	6.32%	29.58%	-	-	-18.12%	5.08%
Free Cash Flow	14.07	409.86	-363.31	-451.96	-604.24	-199.03
Free Cash Flow Per Share	0.20	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	4.06%	3.89%	2.78%	-4.10%	5.46%	7.04%
Free Cash Flow Margin	0.29%	8.02%	-6.69%	-9.11%	-16.42%	-6.03%
EBITDA	1,007	938.73	950.86	900.73	726.57	735.01
EBITDA Margin	21.12%	18.36%	17.50%	18.16%	19.74%	22.28%
D&A For EBITDA	454.3	438.44	440.91	470.46	371.04	332.03
EBIT	552.5	500.29	509.95	430.28	355.53	402.98
EBIT Margin	11.59%	9.79%	9.38%	8.67%	9.66%	12.22%
Effective Tax Rate	32.76%	15.11%	21.20%	-	16.06%	21.58%
Revenue as Reported	4,766	5,112	5,434	4,960	3,680	3,299

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q