SWX Q1 2022 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q1 2022 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$1.3B+43.1% YoY

Gross Profit

$316M24.9% margin

Operating Income

$168M13.3% margin

Net Income

$96M7.6% margin

EPS (Diluted)

$1.58

QoQ Revenue Growth

+16.9%

Cash Flow

Operating Cash Flow

$187M

Free Cash Flow

$24M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$13.2B

Total Liabilities

$9.6B

Stockholders' Equity

$3.5B

Cash & Equivalents

$625M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$886M	+43.1%
Gross Profit	$316M	$288M	+9.9%
Operating Income	$168M	$173M	-2.9%
Net Income	$96M	$117M	-18.0%

Revenue Segments

Gas Infrastructure Services

$261M50%

Electric Power Infrastructure Services

$182M35%

Other Infrastructure Services

$81M16%