SWX Q1 2025 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q1 2025 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$1.3B-18.0% YoY

Gross Profit

$352M27.2% margin

Operating Income

$200M15.5% margin

Net Income

$114M8.8% margin

EPS (Diluted)

$1.58

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$291M

Free Cash Flow

$104M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$12.1B

Total Liabilities

$8.3B

Stockholders' Equity

$3.6B

Cash & Equivalents

$406M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.6B	-18.0%
Gross Profit	$352M	$300M	+17.3%
Operating Income	$200M	$158M	+26.7%
Net Income	$114M	$88M	+29.8%

Revenue Segments

Electric Power Infrastructure Services

$313M57%

Gas Infrastructure Services

$237M43%

Geographic Segments

UNITED STATES

$1.3B97%

CANADA

$40M3%