Southwest Gas Holdings, Inc. (SWX) Income Statement Analysis

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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)

Industry: Regulated Gas

Sector: Utilities

Website: https://www.swgasholdings.com

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

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Southwest Gas Holdings, Inc. to Report First Quarter 2024 Results on May 8, 2024

April 24, 2024prnewswire.com

Company to Host Earnings Conference Call on May 8, 2024 LAS VEGAS , April 24, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today announced that it will report 2024 first quarter results prior...

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April 24, 2024prnewswire.com

LAS VEGAS , April 24, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Company") has released its 2023 Sustainability Report, "Creating a Sustainable Energy Future for Everyone", highlighting the Company's achievements for the 2022 calendar year, along with important...

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April 22, 2024prnewswire.com

LAS VEGAS , April 22, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today announced the closing of Centuri Holdings, Inc.'s (NYSE: CTRI) ("Centuri") initial public offering ("IPO") of 14,260,000 shares of Centuri's common...

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April 17, 2024prnewswire.com

LAS VEGAS and PHOENIX , April 17, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas") and Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri"), a wholly owned subsidiary of Southwest Gas, today announced the pricing of Centuri's initial public...

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April 16, 2024forbes.com

On March 1, 2022, Southwest Gas Holdings SWX , Inc. (NYSE: SWX; $72.86; Market Capitalization: $5.2 billion) announced its decision to separate Centuri from Southwest Gas Holdings. On December 4, 2023, Southwest Gas Holdings, Inc. announced its plan to pursue...

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April 8, 2024prnewswire.com

LAS VEGAS , April 8, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas") today announced that Centuri Holdings, Inc. ("Centuri"), a wholly owned subsidiary of Southwest Gas, has launched a roadshow for the initial public offering (the "IPO")...