SWX Q1 2024 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q1 2024 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$1.6B-1.4% YoY

Gross Profit

$300M19.0% margin

Operating Income

$158M10.0% margin

Net Income

$88M5.5% margin

EPS (Diluted)

$1.22

QoQ Revenue Growth

+15.6%

Cash Flow

Operating Cash Flow

$544M

Free Cash Flow

$323M

Stock-Based Comp.

$961,000

Balance Sheet

Total Assets

$11.9B

Total Liabilities

$8.5B

Stockholders' Equity

$3.4B

Cash & Equivalents

$458M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.6B	-1.4%
Gross Profit	$300M	$343M	-12.5%
Operating Income	$158M	$135M	+17.0%
Net Income	$88M	$46M	+91.1%

Revenue Segments

Gas Infrastructure Services

$261M49%

Electric Power Infrastructure Services

$260M49%

Other Infrastructure Services

$6M1%