Southwest Gas Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
SWX$92.05-0.4%Stored close · as of Nov 10, 2026
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Southwest Gas Holdings, Inc. Consolidated Statements of Income
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating revenues: | |||
| Regulated operations revenues | $2,534,696 | $2,199,682 | $1,521,790 |
| Utility infrastructure services revenues | 2,899,276 | 2,760,327 | 2,158,661 |
| Total operating revenues | 5,433,972 | 4,960,009 | 3,680,451 |
| Operating expenses: | |||
| Net cost of gas sold | 1,253,269 | 799,060 | 430,907 |
| Operations and maintenance | 544,082 | 636,766 | 473,146 |
| Depreciation and amortization | 440,908 | 470,455 | 371,041 |
| Taxes other than income taxes | 88,751 | 93,383 | 80,343 |
| Utility infrastructure services expenses | 2,617,402 | 2,529,318 | 1,955,467 |
| Goodwill impairment and loss on sale | 71,230 | 455,425 | — |
| Total operating expenses | 5,015,642 | 4,984,407 | 3,310,904 |
| Operating income (loss) | 418,330 | (24,398) | 369,547 |
| Other income and (expenses): | |||
| Net interest deductions | (292,286) | (242,750) | (119,198) |
| Other income (deductions) | 71,305 | (6,189) | (3,499) |
| Total other income and (expenses) | (220,981) | (248,939) | (122,697) |
| Income (loss) before income taxes | 197,349 | (273,337) | 246,850 |
| Income tax expense (benefit) | 41,832 | (75,653) | 39,648 |
| Net income (loss) | 155,517 | (197,684) | 207,202 |
| Net income attributable to noncontrolling interests | 4,628 | 5,606 | 6,423 |
| Net income (loss) attributable to Southwest Gas Holdings, Inc. | $150,889 | $(203,290) | $200,779 |
| Earnings (loss) per share: | |||
| Basic | $2.13 | $(3.10) | $3.39 |
| Diluted | $2.13 | $(3.10) | $3.39 |
| Weighted average shares: | |||
| Basic | 70,787 | 65,558 | 59,145 |
| Diluted | 70,990 | 65,558 | 59,259 |
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