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Complete financial analysis of Southwest Gas Holdings, Inc. (SWX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Southwest Gas Holdings, Inc., a leading company in the Regulated Gas industry within the Utilities sector.
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Southwest Gas Holdings, Inc. (SWX)
About Southwest Gas Holdings, Inc.
Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.43B | 4.96B | 3.68B | 3.30B | 3.12B | 2.88B | 2.55B | 2.46B | 2.46B | 2.12B | 1.95B | 1.93B | 1.89B | 1.83B | 1.89B | 2.14B | 2.15B | 2.02B | 1.71B | 1.48B | 1.23B | 1.32B | 1.40B | 1.03B | 936.90M | 917.30M | 732.00M | 644.10M | 563.50M | 609.80M | 539.10M | 718.50M | 794.80M | 863.20M | 844.60M | 801.50M | 468.60M | 450.50M | 611.00M |
| Cost of Revenue | 4.41B | 3.97B | 2.86B | 2.48B | 2.38B | 2.21B | 1.92B | 1.82B | 1.86B | 1.54B | 1.39B | 1.39B | 1.04B | 1.01B | 1.11B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 563.38M | 677.55M | 394.71M | 330.00M | 329.80M | 209.30M | 187.60M | 227.50M | 249.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.02B | 994.87M | 820.93M | 818.49M | 737.38M | 666.54M | 632.60M | 637.22M | 607.84M | 584.76M | 556.58M | 536.67M | 850.00M | 816.39M | 784.73M | 2.14B | 2.15B | 2.02B | 1.71B | 1.48B | 1.23B | 757.53M | 719.14M | 639.38M | 606.90M | 587.50M | 522.70M | 456.50M | 336.00M | 359.90M | 539.10M | 718.50M | 794.80M | 863.20M | 844.60M | 801.50M | 468.60M | 450.50M | 611.00M |
| Gross Profit Ratio | 18.76% | 20.06% | 22.31% | 24.81% | 23.63% | 23.14% | 24.82% | 25.90% | 24.67% | 27.56% | 28.53% | 27.84% | 45.04% | 44.60% | 41.44% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 57.35% | 51.49% | 61.83% | 64.78% | 64.05% | 71.41% | 70.87% | 59.63% | 59.02% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | -151.00K | 263.00K | 7.00K | -8.00K | -102.00K | -52.00K | -13.00K | 7.40M | 500.00K | 5.30M | 12.40M | 6.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | -151.00K | 263.00K | 7.00K | -8.00K | -102.00K | -52.00K | -13.00K | 7.40M | 500.00K | 5.30M | 12.40M | 6.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 601.04M | 563.84M | 451.38M | 395.49M | 365.57M | -27.52M | 8.00M | 5.28M | -1.79M | 4.68M | 11.97M | 6.17M | 599.92M | 584.28M | 576.34M | 1.94B | 1.93B | 1.82B | 1.56B | 1.31B | 1.10B | 611.03M | 585.16M | 510.75M | 475.60M | 433.30M | 420.50M | 385.00M | 277.70M | 308.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 600.89M | 564.10M | 451.39M | 395.48M | 365.46M | 309.06M | 308.88M | 341.51M | 319.50M | 300.28M | 282.37M | 265.15M | 599.92M | 584.28M | 576.34M | 1.94B | 1.93B | 1.82B | 1.56B | 1.31B | 1.10B | 611.03M | 585.16M | 510.75M | 475.60M | 433.30M | 420.50M | 385.00M | 277.70M | 308.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost & Expenses | 5.02B | 4.53B | 3.31B | 2.88B | 2.75B | 2.52B | 2.23B | 2.16B | 2.18B | 1.84B | 1.68B | 1.66B | 1.64B | 1.60B | 1.69B | 1.94B | 1.93B | 1.82B | 1.56B | 1.31B | 1.10B | 1.17B | 1.26B | 905.46M | 805.60M | 763.10M | 629.80M | 572.60M | 505.20M | 558.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Income | 50.76M | 16.18M | 5.11M | 4.02M | 6.36M | 6.11M | 2.79M | 1.85M | 2.17M | 2.60M | 461.00K | 924.00K | 485.00K | 194.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 118.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 292.29M | 242.75M | 119.20M | 111.48M | 109.23M | 96.67M | 78.06M | 73.66M | 71.88M | 72.07M | 63.70M | 68.02M | 69.60M | 77.59M | 83.00M | 92.65M | 96.20M | 94.98M | 90.33M | 86.51M | 79.79M | 79.97M | 80.73M | 76.15M | 70.40M | 68.80M | 80.80M | 60.40M | 54.30M | 117.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 440.91M | 470.46M | 371.04M | 332.03M | 303.24M | 249.21M | 250.95M | 289.13M | 270.11M | 253.03M | 236.82M | 223.42M | 200.47M | 190.46M | 190.08M | 193.72M | 182.51M | 168.96M | 156.25M | 146.02M | 136.44M | 130.21M | 118.45M | 106.64M | -70.40M | -1.50M | -80.80M | -600.00K | -18.00M | 109.60M | -523.70M | -700.80M | -809.00M | -826.00M | -801.90M | -760.30M | -428.90M | -426.80M | -587.40M |
| EBITDA | 930.54M | 439.87M | 726.57M | 735.01M | 659.99M | 592.49M | 577.25M | 584.85M | 558.44M | 542.51M | 515.03M | 499.36M | 445.14M | 426.43M | 405.12M | 414.99M | 396.47M | 363.99M | 298.79M | 312.03M | 271.54M | 276.71M | 252.43M | 235.27M | 229.80M | 244.40M | 199.10M | 145.20M | 120.80M | 146.10M | 539.10M | 718.50M | 794.80M | 863.20M | 844.60M | 801.50M | 468.60M | 450.50M | 611.00M |
| EBITDA Ratio | 17.12% | 28.41% | 36.52% | 22.54% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 26.04% | 23.87% | 23.09% | 21.04% | 19.35% | 18.42% | 17.98% | 17.43% | 21.13% | 21.71% | 20.62% | 17.43% | 22.80% | 24.70% | 26.64% | 27.20% | 22.65% | 21.56% | 20.56% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Income | 418.33M | 1.15B | 1.09B | 423.00M | 2.82B | 357.43M | 323.70M | 295.71M | 288.33M | 284.48M | 274.22M | 271.52M | 250.08M | 232.12M | 208.39M | 207.86M | 220.59M | 209.18M | 150.65M | 169.77M | 135.11M | 146.50M | 133.98M | 128.63M | 131.30M | 154.20M | 102.20M | 71.50M | 58.30M | 51.50M | 539.10M | 718.50M | 794.80M | 863.20M | 844.60M | 801.50M | 468.60M | 450.50M | 611.00M |
| Operating Income Ratio | 7.70% | 23.10% | 29.64% | 12.82% | 90.28% | 12.41% | 12.70% | 12.02% | 11.70% | 13.41% | 14.06% | 14.08% | 13.25% | 12.68% | 11.00% | 9.69% | 10.25% | 10.33% | 8.79% | 11.49% | 10.98% | 11.09% | 9.59% | 12.44% | 14.01% | 16.81% | 13.96% | 11.10% | 10.35% | 8.45% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Total Other Income/Expenses | -220.98M | -581.02M | -122.70M | -118.27M | -99.14M | -114.10M | -84.09M | -83.95M | -69.00M | -64.96M | -51.40M | -63.61M | -75.01M | -73.74M | -76.36M | -106.05M | -89.56M | -80.83M | -82.21M | -82.76M | -79.72M | -81.12M | -77.24M | -76.69M | -70.40M | -70.30M | -80.80M | -61.00M | -54.80M | -13.40M | -539.10M | 0.00 | -794.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 197.35M | -273.34M | 246.85M | 304.74M | 272.67M | 243.34M | 259.03M | 231.52M | 219.33M | 219.52M | 222.82M | 207.92M | 175.07M | 158.38M | 132.04M | 101.81M | 131.02M | 128.36M | 68.44M | 87.01M | 55.38M | 65.38M | 56.74M | 51.94M | 60.90M | 83.90M | 21.40M | 10.50M | 3.50M | 44.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 3.63% | -5.51% | 6.71% | 9.24% | 8.74% | 8.45% | 10.16% | 9.41% | 8.90% | 10.35% | 11.42% | 10.79% | 9.28% | 8.65% | 6.97% | 4.75% | 6.09% | 6.34% | 3.99% | 5.89% | 4.50% | 4.95% | 4.06% | 5.02% | 6.50% | 9.15% | 2.92% | 1.63% | 0.62% | 7.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 41.83M | 1.35B | 39.65M | 65.75M | 56.02M | 61.68M | 65.09M | 78.47M | 79.90M | 78.37M | 77.94M | 75.28M | 63.30M | 54.93M | 44.92M | 40.84M | 47.78M | 44.50M | 24.61M | 30.24M | 16.88M | 21.42M | 19.59M | 13.63M | 21.60M | 36.40M | 4.90M | 3.90M | 800.00K | 17.70M | 523.70M | 700.80M | 809.00M | 826.00M | 801.90M | 760.30M | 428.90M | 426.80M | 587.40M |
| Net Income | 150.89M | -1.62B | 200.78M | 232.32M | 213.94M | 182.28M | 193.84M | 152.04M | 138.32M | 141.13M | 145.32M | 133.33M | 112.29M | 103.88M | 87.48M | 60.97M | 83.25M | 83.86M | 43.82M | 56.78M | 38.50M | 43.97M | 37.16M | 38.31M | 39.30M | 47.50M | 16.50M | 6.60M | -14.80M | 26.30M | 15.40M | 17.70M | -14.20M | 37.20M | 42.70M | 41.20M | 39.70M | 23.70M | 23.60M |
| Net Income Ratio | 2.78% | -32.71% | 5.46% | 7.04% | 6.86% | 6.33% | 7.61% | 6.18% | 5.61% | 6.65% | 7.45% | 6.92% | 5.95% | 5.68% | 4.62% | 2.84% | 3.87% | 4.14% | 2.56% | 3.84% | 3.13% | 3.33% | 2.66% | 3.70% | 4.19% | 5.18% | 2.25% | 1.02% | -2.63% | 4.31% | 2.86% | 2.46% | -1.79% | 4.31% | 5.06% | 5.14% | 8.47% | 5.26% | 3.86% |
| EPS | 2.13 | -24.75 | 3.39 | 4.15 | 3.94 | 3.69 | 4.04 | 3.20 | 2.94 | 3.04 | 3.14 | 2.89 | 2.45 | 2.29 | 1.95 | 1.40 | 1.97 | 2.07 | 1.15 | 1.61 | 1.14 | 1.33 | 1.16 | 1.22 | 1.28 | 1.66 | 0.61 | 0.25 | -0.65 | 1.22 | 0.71 | 0.81 | -0.70 | 1.81 | 2.15 | 2.13 | 2.16 | 1.66 | 1.92 |
| EPS Diluted | 2.13 | -24.75 | 3.39 | 4.14 | 3.94 | 3.68 | 4.04 | 3.18 | 2.92 | 3.01 | 3.11 | 2.86 | 2.43 | 2.27 | 1.94 | 1.39 | 1.95 | 2.05 | 1.14 | 1.60 | 1.13 | 1.32 | 1.15 | 1.21 | 1.27 | 1.65 | 0.61 | 0.25 | -0.65 | 1.22 | 0.71 | 0.81 | -0.70 | 1.81 | 2.15 | 2.13 | 2.16 | 1.66 | 1.92 |
| Weighted Avg Shares Out | 70.79M | 65.56M | 59.15M | 56.00M | 54.25M | 49.42M | 47.97M | 47.47M | 46.99M | 46.49M | 46.32M | 46.12M | 45.86M | 45.41M | 44.75M | 43.48M | 42.34M | 40.57M | 38.13M | 35.20M | 33.76M | 32.95M | 32.12M | 31.37M | 30.69M | 28.61M | 27.05M | 25.89M | 22.88M | 21.15M | 20.70M | 20.49M | 20.39M | 19.67M | 19.02M | 18.45M | 18.38M | 13.13M | 11.25M |
| Weighted Avg Shares Out (Dil) | 70.99M | 65.56M | 59.26M | 56.08M | 54.31M | 49.48M | 47.99M | 47.81M | 47.38M | 46.94M | 46.76M | 46.56M | 46.29M | 45.82M | 45.06M | 43.78M | 42.71M | 40.98M | 38.47M | 35.49M | 34.04M | 33.23M | 32.40M | 31.58M | 30.97M | 28.82M | 27.05M | 25.89M | 22.88M | 21.15M | 20.70M | 20.49M | 20.39M | 19.67M | 19.02M | 18.45M | 18.38M | 13.13M | 11.25M |
Southwest Gas Holdings Declares First Quarter 2025 Dividend
LAS VEGAS , Nov. 20, 2024 /PRNewswire/ -- The Board of Directors for Southwest Gas Holdings, Inc. ("Southwest Gas") (NYSE: SWX) has declared the following first quarter cash dividend: Common Stock Payable ...
Southwest Gas Rides on Investment, Expanding Customer Base
SWX continues to benefit from its long-term investment plans, customer growth and decoupling rate structure.
Southwest Gas Holdings, Inc. (SWX) Q3 2024 Earnings Call Transcript
Southwest Gas Holdings, Inc. (NYSE:SWX ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Justin Forsberg - Vice President, Investor Relations and Treasurer Karen Haller - President and CEO Rob Stefani - Chief Financial Officer...
Southwest Gas Q3 Earnings Surpass Estimates, Revenues Fall Y/Y
SWX's third-quarter earnings beat estimates and revenues fall year over year by 7.7%. However, the long-term capital expenditure plan boosts earnings.
Southwest Gas (SWX) Q3 Earnings Top Estimates
Southwest Gas (SWX) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.10 per share a year ago.
Southwest Gas Holdings, Inc. Reports Third Quarter 2024 Financial Results; Expects Utility Net Income Within Top Half of Guidance Range
Delivers Strong Utility Earnings with 9% Year-to-Date Earnings Growth Year-over-Year Utility Files California Rate Case; Advances Arizona Rate Case Margin Improvement From Nevada Rate Case Outcome LAS VEGAS , Nov. 6, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX)...
Southwest Gas (SWX) Reports Next Week: Wall Street Expects Earnings Growth
Southwest Gas (SWX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Southwest Gas Holdings, Inc. to Report Third Quarter 2024 Results on November 6, 2024
Company to Host Earnings Conference Call on November 6, 2024 LAS VEGAS , Oct. 23, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") will hold its third quarter earnings conference call and webcast on November...
Southwest Gas: Dividend Aristocrat With Big Upside Potential
Southwest Gas's profitability has declined due to rapid growth, but as growth slows, profitability will improve substantially. The stock is currently trading at a 20%+ discount to the value of its assets, offering an attractive entry point. Continued growth over...
Newsweek Names Southwest Gas a World's Most Trustworthy Company
The natural gas utility has been globally recognized for two years in a row based on investor, consumer, and employee trust LAS VEGAS , Oct. 9, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX), was recently recognized by Newsweek on...
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