Southwest Gas Holdings, Inc. (SWX)

Southwest Gas Holdings Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,503	1,940	2,475	2,535	4,960	3,680
Revenue Growth (YoY)	-11.88%	-21.61%	-2.35%	-48.90%	34.77%	11.57%
Fuel and Purchased Power Expense	321.21	497.64	1,150	1,253	799.06	430.91
Operations and Maintenance Expenses	547.59	544.06	526.68	533.01	636.77	473.15
Gross Profit	1,634	898.68	798.53	748.42	3,524	2,776
Depreciation & Amortization Expenses	370.86	330.72	303.1	295.46	470.46	371.04
Taxes Other than Income Tax	95.32	94.07	88.97	88.75	93.38	80.34
Other Operating Expenses	657.67	-	-	71.23	2,985	1,955
Operating Income	510.48	473.89	406.47	292.98	-24.4	369.55
Interest Expense	-166.91	-203.08	-206.53	-194.81	-242.75	-119.2
Other Non-Operating Income (Expense)	16.48	60.07	54.19	71.24	-6.19	-3.5
Total Non-Operating Income (Expense)	-150.43	-143.01	-152.34	-123.57	-248.94	-122.7
Pretax Income	360.04	330.87	254.14	169.4	-273.34	246.85
Provision for Income Taxes	157.99	96.04	33.16	29.41	-75.65	39.65
Net Income	464.33	439.83	198.82	150.89	-203.29	200.78
Minority Interest in Earnings	0.04	-4.65	6.02	4.63	5.61	6.42
Earnings From Discontinued Operations	262.31	200.34	-16.14	15.52	-	-
Net Income to Common	464.33	439.83	198.82	150.89	-203.29	200.78
Net Income Growth	106.42%	121.22%	31.76%	-	-	-13.58%
Shares Outstanding (Basic)	72	72	72	71	66	59
Shares Outstanding (Diluted)	72	72	72	71	66	59
Shares Change (YoY)	0.43%	0.42%	1.47%	8.22%	10.70%	5.68%
EPS (Basic)	6.91	6.09	2.77	2.13	-3.10	3.39
EPS (Diluted)	6.90	6.08	2.76	2.13	-3.10	3.39
EPS Growth	121.14%	120.29%	29.58%	-	-	-18.12%
Shares Outstanding	72.27	72.22	71.78	71.56	67.12	60.42
Free Cash Flow	-402.15	-251.79	509.19	-256.66	-451.96	-604.24
Free Cash Flow Per Share	-5.55	-3.48	7.07	-3.62	-6.89	-10.20
Dividends Per Share	2.480	2.480	2.480	2.480	2.455	2.355
Dividend Growth	-	-	-	1.02%	4.25%	4.44%
Gross Margin	65.29%	46.31%	32.26%	29.53%	71.05%	75.44%
Operating Margin	20.39%	24.42%	16.42%	11.56%	-0.49%	10.04%
Profit Margin	18.55%	22.43%	8.28%	6.14%	-3.99%	5.63%
FCF Margin	-16.07%	-12.98%	20.57%	-10.13%	-9.11%	-16.42%
EBITDA	812.89	804.61	709.57	588.44	446.06	740.59
EBITDA Margin	32.47%	41.47%	28.67%	23.22%	8.99%	20.12%
EBIT	510.48	473.89	406.47	292.98	-24.4	369.55
EBIT Margin	20.39%	24.42%	16.42%	11.56%	-0.49%	10.04%
Effective Tax Rate	43.88%	29.03%	13.05%	17.36%	27.68%	16.06%

Updated May 5, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q