SWX Q2 2023 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q2 2023 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$1.3B+12.9% YoY

Gross Profit

$218M16.9% margin

Operating Income

$85M6.6% margin

Net Income

$29M2.2% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-19.3%

Cash Flow

Operating Cash Flow

$198M

Free Cash Flow

-$22M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$12.0B

Total Liabilities

$8.5B

Stockholders' Equity

$3.3B

Cash & Equivalents

$221M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.1B	+12.9%
Gross Profit	$218M	$176M	+23.7%
Operating Income	$85M	$46M	+85.7%
Net Income	$29M	-$7M	+539.2%

Revenue Segments

Gas Infrastructure Services

$433M54%

Electric Power Infrastructure Services

$234M29%

Other Infrastructure Services

$138M17%