SWXSouthwest Gas Holdings, Inc.

$6B

Q3 2019 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$725M+8.5% YoY

Gross Profit

$129M17.8% margin

Operating Income

$38M5.3% margin

Net Income

$5M0.7% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

-$182M

Free Cash Flow

-$3M

Stock-Based Comp.

-$1M

Balance Sheet

Total Assets

$7.8B

Total Liabilities

$5.3B

Stockholders' Equity

$2.4B

Cash & Equivalents

$28M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$725M	$668M	+8.5%
Gross Profit	$129M	$117M	+10.3%
Operating Income	$38M	$40M	-3.6%
Net Income	$5M	$12M	-56.6%

Revenue Segments

Replacement Gas Construction

$364M71%

Other Construction

$80M16%

New Gas Construction

$71M14%

SWX Q3 2019 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena