SWX Q1 2023 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q1 2023 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$1.6B+26.5% YoY

Gross Profit

$343M21.4% margin

Operating Income

$135M8.4% margin

Net Income

$46M2.9% margin

EPS (Diluted)

$0.67

QoQ Revenue Growth

+12.8%

Cash Flow

Operating Cash Flow

-$186M

Free Cash Flow

-$405M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$11.8B

Total Liabilities

$8.4B

Stockholders' Equity

$3.3B

Cash & Equivalents

$82M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.3B	+26.5%
Gross Profit	$343M	$316M	+8.6%
Operating Income	$135M	$168M	-19.8%
Net Income	$46M	$96M	-52.3%

Revenue Segments

Gas Infrastructure Services

$297M46%

Electric Power Infrastructure Services

$234M36%

Other Infrastructure Services

$122M19%