SWXNYSENatural Gas Transmisison & DistributionFiscal year ends December 31

Southwest Gas Holdings, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026

$86.39−1.06 (-1.21%)

Close on Oct 19, 2026

Market cap: $6.28B
P/E (TTM): 11.4
Dividend yield: 2.87%

Southwest Gas Holdings, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	1,940	2,475	2,535	4,960	3,680	3,299	3,120	2,880	2,549	2,460	2,360
Cost of Revenue	–	2,415	2,617	2,529	1,955	1,729	1,573	1,388	1,149	1,024	–
Gross Profit	–	60	-83	2,431	1,725	1,569	1,547	1,492	1,400	1,436	–
Total Costs & Expenses	1,466	2,069	2,242	4,984	3,311	2,876	2,748	2,523	2,206	2,145	2,175
Operating Income	474	406	293	-24	370	423	372	357	343	315	288
Interest Expense	–	297	195	243	119	111	109	97	78	74	72
Interest & Investment Income	–	34	51	16	5.11	4.02	6.36	6.11	2.79	1.85	2.17
Income from Equity Investments	0	0	0.39	–	–	–	–	–	–	–	–
Other Non-Operating Income	-143	-152	-124	-249	-123	-118	-99	-114	-84	-84	-69
Asset Impairment Charges	–	–	–	–	0	0	0	0	0	0	–
Gain (Loss) on Sale of Assets	1.60	0	0.14	7.87	6.91	1.85	5.47	1.70	4.20	7.15	3.10
Pretax Income	331	254	169	-273	247	305	273	243	259	232	219
Income Tax Expense	96	33	29	-76	40	66	56	62	65	78	80
Income from Continuing Operations	235	221	140	–	–	–	–	–	–	–	–
Income from Discontinued Operations	200	-16	16	–	–	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	435	205	156	-198	207	239	217	182	194	153	139
Minority Interest in Earnings	-4.65	6.02	4.63	5.61	6.42	6.66	2.71	-0.63	0.10	1.01	1.11
Net Income	440	199	151	-203	201	232	214	182	194	152	138
EPS (Basic)(per share)	6.09	2.77	2.13	-3.10	3.39	4.15	3.94	3.69	4.04	3.20	2.94
EPS (Diluted)(per share)	6.08	2.76	2.13	-3.10	3.39	4.14	3.94	3.68	4.04	3.18	2.92
Shares Outstanding (Basic, Weighted)(shares)	72	72	71	66	59	56	54	49	48	47	47
Shares Outstanding (Diluted, Weighted)(shares)	72	72	71	66	59	56	54	49	48	48	47
Dividend per Share(per share)	2.48	2.48	2.48	2.48	2.38	2,280.00	2,180.00	2,080.00	1,980.00	1.80	1.62
EBITDA	805	710	588	446	741	755	675	607	594	605	558

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: –
Operating margin: 25.7%
Net margin: 28.2%
Return on equity, FY2025: 11.8%

Financial strength

Current ratio: 1.12
Debt to equity: 0.85
Debt to assets: 33.5%
Cash to current liabilities: 34.8%

Valuation

P/E ratio: 11.4
Price to sales: 3.24
Price to book: 1.52
Dividend yield: 2.87%