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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 Welcomes 1,000th Natural Gas Customer in Mesquite
Chicago Greek Restaurant Becomes Historic Customer MESQUITE, Nev. , June 20, 2024 /PRNewswire/ -- Recently, Southwest Gas proudly turned on natural gas service to its 1,000th customer in Mesquite, Nevada.
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Southwest Gas Holdings, Inc. (SWX) Q1 2024 Earnings Call Transcript
Southwest Gas Holdings, Inc. (NYSE:SWX ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Justin Forsberg – Vice President-Investor Relations and Treasurer Karen Haller – President and Chief Executive Officer Rob Stefani – Chief Financial...
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Delivers Strong First Quarter Utility Earnings Positive Nevada Rate Case Outcome Centuri IPO Successfully Executed; Net Proceeds Used to Reduce Centuri Debt LAS VEGAS , May 8, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or "Company")...
Southwest Gas Holdings Declares Third Quarter 2024 Dividend
LAS VEGAS, May 1, 2024 /PRNewswire/ -- The Board of Directors for Southwest Gas Holdings, Inc. ("Southwest Gas") (NYSE: SWX) has declared the following third quarter cash dividend: Common Stock Payable September 3, 2024 Of Record August 15,...
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