SWX Q2 2025 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q2 2025 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$1.1B-5.2% YoY

Gross Profit

$222M19.8% margin

Operating Income

$95M8.5% margin

Net Income

-$13M-1.1% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

-13.6%

Cash Flow

Operating Cash Flow

$126M

Free Cash Flow

-$94M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$12.2B

Total Liabilities

$8.1B

Stockholders' Equity

$3.7B

Cash & Equivalents

$356M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.2B	-5.2%
Gross Profit	$222M	$201M	+10.6%
Operating Income	$95M	$83M	+14.7%
Net Income	-$13M	$18M	-170.3%

Revenue Segments

Gas Infrastructure Services

$392M54%

Electric Power Infrastructure Services

$332M46%

Geographic Segments

UNITED STATES

$1.1B95%

CANADA

$55M5%