Southwest Gas Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
SWX$92.05-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Southwest Gas Holdings, Inc. Consolidated Statements of Income
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating revenues: | |||
| Regulated operations revenues | $2,475,216 | $2,534,696 | $2,199,682 |
| Utility infrastructure services revenues | 2,637,229 | 2,899,276 | 2,760,327 |
| Total operating revenues | 5,112,445 | 5,433,972 | 4,960,009 |
| Operating expenses: | |||
| Net cost of gas sold | 1,150,005 | 1,253,269 | 799,060 |
| Operations and maintenance | 536,163 | 544,082 | 636,766 |
| Depreciation and amortization | 438,440 | 440,908 | 470,455 |
| Taxes other than income taxes | 88,965 | 88,751 | 93,383 |
| Utility infrastructure services expenses | 2,415,101 | 2,617,402 | 2,529,318 |
| Goodwill impairment and loss on sale | — | 71,230 | 455,425 |
| Total operating expenses | 4,628,674 | 5,015,642 | 4,984,407 |
| Operating income (loss) | 483,771 | 418,330 | (24,398) |
| Other income and (expenses): | |||
| Net interest deductions | (297,043) | (292,286) | (242,750) |
| Other income (deductions) | 54,568 | 71,305 | (6,189) |
| Total other income and (expenses) | (242,475) | (220,981) | (248,939) |
| Income (loss) before income taxes | 241,296 | 197,349 | (273,337) |
| Income tax expense (benefit) | 36,460 | 41,832 | (75,653) |
| Net income (loss) | 204,836 | 155,517 | (197,684) |
| Net income attributable to noncontrolling interests | 6,021 | 4,628 | 5,606 |
| Net income (loss) attributable to Southwest Gas Holdings, Inc. | $198,815 | $150,889 | $(203,290) |
| Earnings (loss) per share attributable to Southwest Gas Holdings, Inc.: | |||
| Basic | $2.77 | $2.13 | $(3.10) |
| Diluted | $2.76 | $2.13 | $(3.10) |
| Weighted average shares: | |||
| Basic | 71,841 | 70,787 | 65,558 |
| Diluted | 72,032 | 70,990 | 65,558 |
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