SWX Q3 2023 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q3 2023 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$1.2B+3.9% YoY

Gross Profit

$187M16.0% margin

Operating Income

$60M5.2% margin

Net Income

$3M0.3% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-9.6%

Cash Flow

Operating Cash Flow

$186M

Free Cash Flow

-$40M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$11.8B

Total Liabilities

$8.5B

Stockholders' Equity

$3.2B

Cash & Equivalents

$105M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+3.9%
Gross Profit	$187M	$190M	-1.7%
Operating Income	$60M	$50M	+20.6%
Net Income	$3M	-$12M	+126.2%

Revenue Segments

Gas Infrastructure Services

$443M57%

Electric Power Infrastructure Services

$201M26%

Other Infrastructure Services

$131M17%