Southwest Gas Holdings, Inc. (SWX) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
C/O SOUTHWEST GAS CORPORATION LAS VEGAS, NV 89113 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4923 - Natural Gas Transmission and Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 364 | 107 | 123 | 223 | 83 | 50 | |||
| Cash and cash equivalent | 364 | 107 | 123 | 223 | 83 | 50 | |||
| Receivables | 725 | 888 | 875 | 724 | 533 | 506 | |||
| Prepaid expense | |||||||||
| Deferred costs | 14 | 553 | 450 | 291 | 2 | 44 | |||
| Disposal group, including discontinued operation | 1,738 | ||||||||
| Asset, held-for-sale, not part of disposal group | 21 | ||||||||
| Other undisclosed current assets | 362 | 312 | 522 | 377 | 253 | 260 | |||
| Total current assets: | 1,464 | 1,881 | 3,708 | 1,615 | 871 | 860 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 14 | ||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | (741) | (676) | (597) | (512) | |||||
| Intangible asset, including goodwill, after accumulated amortization | 781 | 790 | 787 | 1,781 | 345 | 343 | |||
| Goodwill | 781 | 790 | 787 | 1,781 | 345 | 343 | |||
| Deferred income tax assets | 3 | 0 | 0 | 0 | 0 | 1 | |||
| Other noncurrent assets | 475 | 414 | 396 | 459 | 509 | 497 | |||
| Other undisclosed noncurrent assets | 10,041 | 9,460 | 8,902 | 9,423 | 7,010 | 6,455 | |||
| Total noncurrent assets: | 10,559 | 9,989 | 9,489 | 11,150 | 7,865 | 7,310 | |||
| TOTAL ASSETS: | 12,024 | 11,870 | 13,197 | 12,765 | 8,736 | 8,170 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 432 | 442 | 768 | 438 | 333 | 308 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 31 | 53 | 21 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 53 | 49 | 48 | ||
| Accounts payable | 332 | 347 | 662 | 353 | 231 | 239 | |||
| Accrued liabilities | 100 | 95 | 106 | ||||||
| Deferred revenue | 64 | 48 | 51 | 59 | 68 | ||||
| Debt | 710 | 671 | 1,587 | 2,206 | 107 | 225 | |||
| Deferred gas purchases | 242 | 6 | 55 | 61 | |||||
| Disposal group, including discontinued operation | 644 | ||||||||
| Other liabilities | 383 | 523 | 370 | 396 | 329 | 265 | |||
| Other undisclosed current liabilities | 1 | 1 | 3 | 7 | 20 | 221 | |||
| Total current liabilities: | 1,832 | 1,685 | 3,423 | 3,112 | 912 | 1,080 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,348 | 4,610 | 4,403 | 4,116 | 2,732 | 2,300 | |||
| Long-term debt, excluding current maturities | 4,348 | 4,610 | 4,403 | 4,116 | 2,732 | 2,300 | |||
| Liabilities, other than long-term debt | 2,154 | 2,161 | 2,152 | 2,387 | 2,251 | 2,199 | |||
| Other liabilities | 2,154 | 2,161 | 2,152 | 2,387 | 2,251 | 2,199 | |||
| Total noncurrent liabilities: | 6,503 | 6,770 | 6,556 | 6,503 | 4,983 | 4,500 | |||
| Total liabilities: | 8,335 | 8,455 | 9,979 | 9,615 | 5,895 | 5,580 | |||
| Temporary equity, including noncontrolling interest | 8 | 105 | 159 | 197 | 166 | 85 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,504 | 3,310 | 3,059 | 2,954 | 2,675 | 2,506 | |||
| Common stock | 73 | 73 | 69 | 62 | 59 | 57 | |||
| Additional paid in capital | 2,721 | 2,542 | 2,287 | 1,824 | 1,609 | 1,467 | |||
| Accumulated other comprehensive loss | (49) | (44) | (44) | (47) | (61) | (57) | |||
| Retained earnings | 759 | 739 | 747 | 1,114 | 1,068 | 1,039 | |||
| Equity, attributable to noncontrolling interest | 177 | ||||||||
| Total equity: | 3,681 | 3,310 | 3,059 | 2,954 | 2,675 | 2,506 | |||
| TOTAL LIABILITIES AND EQUITY: | 12,024 | 11,870 | 13,197 | 12,765 | 8,736 | 8,170 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,112 | 5,434 | 4,960 | 3,680 | 3,299 | 3,120 | ||
| Cost of revenue | (4,093) | (4,479) | (4,416) | (2,861) | (2,478) | (2,388) | ||
| Cost of product and service sold | (2,415) | (2,617) | (2,529) | (1,955) | (1,729) | (1,573) | ||
| Gross profit: | 1,020 | 955 | 544 | 819 | 821 | 732 | ||
| Operating expenses | (536) | (537) | (569) | (450) | (398) | (360) | ||
| Operating income (loss): | 484 | 418 | (24) | 370 | 423 | 372 | ||
| Nonoperating expense | (242) | (221) | (249) | (123) | (118) | (99) | ||
| Other nonoperating income (expense) | 55 | 71 | (6) | (3) | (7) | 10 | ||
| Interest and debt expense | (297) | (292) | (243) | (119) | (111) | (109) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 111 | 109 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (56) | (95) | (516) | 128 | 305 | 273 | ||
| Other undisclosed income from continuing operations before income taxes | 297 | 292 | 243 | 119 | ||||
| Income (loss) from continuing operations before income taxes: | 241 | 197 | (273) | 247 | 305 | 273 | ||
| Income tax expense (benefit) | (36) | (42) | 76 | (40) | (66) | (56) | ||
| Income (loss) from continuing operations: | 205 | 156 | (198) | 207 | 239 | 217 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 207 | 239 | 217 | |
| Income from discontinued operations | ||||||||
| Net income (loss): | 205 | 156 | (198) | 207 | 239 | 217 | ||
| Net income (loss) attributable to noncontrolling interest | (6) | (5) | (6) | (6) | (7) | (3) | ||
| Net income (loss) available to common stockholders, diluted: | 199 | 151 | (203) | 201 | 232 | 214 | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 205 | 156 | (198) | 207 | 239 | 217 | ||
| Net income attributable to redeemable noncontrolling interest | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | (8) | 0 | 3 | 14 | (4) | (4) | ||
| Comprehensive income (loss): | 197 | 156 | (195) | 221 | 235 | 213 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (5) | (5) | (6) | (6) | (7) | (3) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 192 | 151 | (201) | 215 | 228 | 210 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.