SOUTHWEST GAS CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
SWX$92.05-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Southwest Gas Holdings, Inc. Consolidated Statements of Income
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating revenues: | |||
| Regulated operations revenues | $1,940,380 | $2,475,216 | $2,534,696 |
| Total operating revenues | 1,940,380 | 2,475,216 | 2,534,696 |
| Operating expenses: | |||
| Net cost of gas sold | 497,636 | 1,150,005 | 1,253,269 |
| Operations and maintenance | 544,064 | 526,679 | 533,009 |
| Depreciation and amortization | 330,724 | 303,095 | 295,462 |
| Taxes other than income taxes | 94,070 | 88,965 | 88,751 |
| Goodwill impairment and loss on sale | — | — | 71,230 |
| Total operating expenses | 1,466,494 | 2,068,744 | 2,241,721 |
| Operating income | 473,886 | 406,472 | 292,975 |
| Other income and (expenses): | |||
| Net interest deductions | (203,081) | (206,528) | (194,810) |
| Other income (deductions) | 60,068 | 54,192 | 71,239 |
| Total other income and (expenses) | (143,013) | (152,336) | (123,571) |
| Income from continuing operations before income taxes | 330,873 | 254,136 | 169,404 |
| Income tax expense | 96,037 | 33,157 | 29,410 |
| Income from continuing operations | 234,836 | 220,979 | 139,994 |
| Income (loss) from discontinued operations, net of income tax | 200,344 | (16,143) | 15,523 |
| Net income | 435,180 | 204,836 | 155,517 |
| Net income (loss) attributable to noncontrolling interests | (4,646) | 6,021 | 4,628 |
| Net income attributable to Southwest Gas Holdings, Inc. | $439,826 | $198,815 | $150,889 |
| Earnings (loss) per share attributable to Southwest Gas Holdings, Inc.: | |||
| Continuing operations | $3.25 | $3.08 | $1.98 |
| Discontinued operations | 2.84 | (0.31) | 0.15 |
| Net earnings per share - basic | $6.09 | $2.77 | $2.13 |
| Diluted earnings (loss) per share: | |||
| Continuing operations | $3.25 | $3.07 | $1.98 |
| Discontinued operations | 2.83 | (0.31) | 0.15 |
| Net earnings per share - diluted | $6.08 | $2.76 | $2.13 |
| Weighted average shares: | |||
| Basic | 72,162 | 71,841 | 70,787 |
| Diluted | 72,337 | 72,032 | 70,990 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.