Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||
regulated operations plant: | |||||||||||||||||||||||
gas plant | 11,289,621,000 | 11,132,152,000 | 10,989,346,000 | 10,844,895,000 | 10,652,224,000 | 10,458,923,000 | 10,253,377,000 | 10,140,362,000 | 9,892,766,000 | 9,741,687,000 | 9,583,630,000 | 11,166,691,000 | 11,049,050,000 | 10,891,910,000 | 8,742,806,000 | 8,664,624,000 | 8,479,295,000 | 8,219,196,000 | 8,086,597,000 | 7,949,283,000 | 7,550,855,000 | 7,404,724,000 | 7,268,255,000 |
less: accumulated depreciation | -3,025,110,000 | -2,984,121,000 | -2,952,957,000 | -2,914,457,000 | -2,937,435,000 | -2,896,703,000 | -2,863,941,000 | -2,822,669,000 | -2,780,482,000 | -2,743,845,000 | -2,712,093,000 | -3,536,274,000 | -3,496,191,000 | -3,443,053,000 | -2,499,488,000 | -2,481,016,000 | -2,453,924,000 | -2,394,730,000 | -2,367,836,000 | -2,341,561,000 | -2,303,864,000 | -2,282,770,000 | -2,257,017,000 |
construction work in progress | 231,095,000 | 201,170,000 | 176,485,000 | 178,647,000 | 243,375,000 | 226,210,000 | 245,032,000 | 200,549,000 | 272,969,000 | 254,872,000 | 250,892,000 | 273,662,000 | 218,638,000 | 216,262,000 | 153,100,000 | 151,358,000 | 215,395,000 | 231,219,000 | 217,616,000 | 202,935,000 | 288,573,000 | 248,270,000 | 204,370,000 |
net regulated operations plant | 8,495,606,000 | 8,349,201,000 | 8,212,874,000 | 8,109,085,000 | 7,958,164,000 | 7,788,430,000 | 7,634,468,000 | 7,518,242,000 | 7,385,253,000 | 7,252,714,000 | 7,122,429,000 | 7,904,079,000 | 7,771,497,000 | 7,665,119,000 | |||||||||
other property and investments | 172,494,000 | 1,169,351,000 | 1,172,072,000 | 1,191,148,000 | 1,193,062,000 | 1,234,942,000 | 1,252,861,000 | 1,266,340,000 | 1,254,065,000 | 1,267,762,000 | 1,250,327,000 | 1,311,334,000 | 1,312,701,000 | 1,313,291,000 | 1,305,334,000 | 860,701,000 | 842,672,000 | 825,069,000 | 809,111,000 | 785,522,000 | 768,685,000 | 761,652,000 | 716,722,000 |
current assets: | |||||||||||||||||||||||
cash and cash equivalents | 778,631,000 | 355,627,000 | 406,295,000 | 363,789,000 | 456,643,000 | 599,639,000 | 457,952,000 | 106,536,000 | 104,939,000 | 221,367,000 | 82,085,000 | 175,272,000 | 215,963,000 | 624,666,000 | 186,690,000 | 47,565,000 | 92,345,000 | 23,945,000 | 199,591,000 | 60,965,000 | 28,480,000 | 38,446,000 | 97,037,000 |
accounts receivable | 110,575,000 | 705,312,000 | 693,834,000 | 722,622,000 | 673,219,000 | 796,238,000 | 843,133,000 | 886,549,000 | 903,365,000 | 936,161,000 | 903,262,000 | 779,558,000 | 750,794,000 | 755,947,000 | 692,135,000 | 512,385,000 | 479,184,000 | 513,017,000 | 480,077,000 | 423,013,000 | 434,153,000 | 417,639,000 | 429,248,000 |
accrued utility revenue | 51,700,000 | 50,500,000 | 61,900,000 | 96,600,000 | 47,800,000 | 46,400,000 | 58,500,000 | 93,000,000 | 44,600,000 | 43,200,000 | 56,900,000 | 41,300,000 | 40,000,000 | 52,000,000 | 39,700,000 | 38,500,000 | 50,500,000 | 36,500,000 | 35,800,000 | 48,100,000 | 35,800,000 | 34,900,000 | 47,000,000 |
deferred purchased gas costs | 99,000 | 7,000,000 | 13,937,000 | 9,270,000 | 39,777,000 | 198,682,000 | 552,885,000 | 687,137,000 | 785,588,000 | 970,339,000 | 381,351,000 | 354,571,000 | 367,954,000 | 240,827,000 | 235,104,000 | 238,886,000 | 49,804,000 | 58,240,000 | 65,242,000 | ||||
materials, supplies, and gas inventories | 91,154,000 | 90,776,000 | |||||||||||||||||||||
prepaid and other current assets | 211,334,000 | 216,651,000 | 256,822,000 | 265,113,000 | 261,063,000 | 239,887,000 | 214,516,000 | 218,832,000 | 229,696,000 | 220,291,000 | 210,309,000 | 316,578,000 | 263,363,000 | 229,072,000 | 200,700,000 | 149,402,000 | 133,466,000 | 151,432,000 | 147,655,000 | 133,338,000 | 190,554,000 | 187,666,000 | 177,784,000 |
current assets classified as discontinued operations | |||||||||||||||||||||||
total current assets | 1,243,493,000 | 1,425,081,000 | 1,431,881,000 | 1,464,475,000 | 1,455,396,000 | 1,731,602,000 | 1,779,957,000 | 1,881,114,000 | 1,998,485,000 | 2,240,213,000 | 2,258,024,000 | 1,709,639,000 | 1,643,838,000 | 2,046,576,000 | 1,392,606,000 | 1,006,795,000 | 1,000,904,000 | 732,828,000 | 867,200,000 | 672,919,000 | 765,402,000 | 752,081,000 | 830,380,000 |
noncurrent assets: | |||||||||||||||||||||||
goodwill | 11,155,000 | 786,504,000 | 781,287,000 | 781,201,000 | 787,595,000 | 786,175,000 | 787,206,000 | 789,729,000 | 787,433,000 | 789,617,000 | 787,334,000 | 1,742,967,000 | 1,750,472,000 | 1,773,671,000 | 791,902,000 | 348,173,000 | 346,553,000 | 340,197,000 | 337,978,000 | 333,943,000 | 339,948,000 | 345,872,000 | 364,482,000 |
deferred charges and other assets | 405,831,000 | 483,808,000 | 477,690,000 | 474,751,000 | 477,900,000 | 442,024,000 | 432,193,000 | 414,008,000 | 410,793,000 | 400,517,000 | 391,944,000 | 434,236,000 | 444,332,000 | 450,786,000 | 483,107,000 | 488,042,000 | 497,187,000 | 475,037,000 | 474,737,000 | 489,419,000 | 429,716,000 | 436,035,000 | 441,166,000 |
noncurrent assets classified as discontinued operations | |||||||||||||||||||||||
total noncurrent assets | 416,986,000 | 1,270,312,000 | 1,258,977,000 | 1,259,128,000 | 1,268,328,000 | 1,230,370,000 | 1,220,708,000 | 1,204,200,000 | 1,198,479,000 | 1,190,233,000 | 1,179,393,000 | 2,177,525,000 | 2,194,972,000 | 2,224,501,000 | 1,275,277,000 | 836,560,000 | 844,303,000 | 816,075,000 | 813,347,000 | 824,127,000 | 770,560,000 | 782,928,000 | 806,722,000 |
total assets | 10,328,579,000 | 12,213,945,000 | 12,075,804,000 | 12,023,836,000 | 11,874,950,000 | 11,985,344,000 | 11,887,994,000 | 11,869,896,000 | 11,836,282,000 | 11,950,922,000 | 11,810,173,000 | 13,102,577,000 | 12,923,008,000 | 13,249,487,000 | 10,369,635,000 | 9,039,022,000 | 8,928,645,000 | 8,429,657,000 | 8,426,035,000 | 8,093,225,000 | 7,840,211,000 | 7,666,885,000 | 7,569,432,000 |
capitalization and liabilities | |||||||||||||||||||||||
capitalization: | |||||||||||||||||||||||
common stock | 73,811,000 | 73,608,000 | 73,541,000 | 73,413,000 | 73,370,000 | 73,339,000 | 73,295,000 | 73,194,000 | 73,145,000 | 73,103,000 | 72,961,000 | 68,694,000 | 68,634,000 | 68,479,000 | 62,009,000 | 60,718,000 | 59,625,000 | 58,089,000 | 57,540,000 | 56,756,000 | 56,254,000 | 55,951,000 | 55,021,000 |
additional paid-in capital | 2,893,066,000 | 2,872,681,000 | 2,726,758,000 | 2,721,343,000 | 2,714,958,000 | 2,709,674,000 | 2,547,485,000 | 2,541,790,000 | 2,539,759,000 | 2,534,223,000 | 2,524,631,000 | 2,283,250,000 | 2,279,493,000 | 2,273,837,000 | 1,823,889,000 | 1,733,572,000 | 1,660,108,000 | 1,559,814,000 | 1,523,630,000 | 1,470,411,000 | 1,437,733,000 | 1,409,923,000 | 1,332,793,000 |
accumulated other comprehensive loss | -37,597,000 | -41,355,000 | -48,866,000 | -49,218,000 | -43,875,000 | -45,615,000 | -46,222,000 | -43,787,000 | -43,523,000 | -41,458,000 | -43,949,000 | -50,232,000 | -45,528,000 | -43,972,000 | -55,951,000 | -55,688,000 | -58,388,000 | -52,783,000 | -55,617,000 | -59,073,000 | |||
retained earnings | 999,399,000 | 769,723,000 | 827,453,000 | 758,649,000 | 710,940,000 | 755,367,000 | 781,683,000 | 738,839,000 | 669,364,000 | 696,958,000 | 742,513,000 | 1,111,203,000 | 1,156,253,000 | 1,190,738,000 | 1,079,869,000 | 1,108,279,000 | 1,112,377,000 | 1,054,118,000 | 1,085,742,000 | 1,079,801,000 | 977,498,000 | 1,002,070,000 | 1,009,809,000 |
total equity attributable to southwest gas holdings, inc. stockholders | 3,928,679,000 | 3,674,657,000 | 3,578,886,000 | 3,504,187,000 | 3,455,393,000 | 3,492,765,000 | |||||||||||||||||
noncontrolling interest | 441,148,000 | 172,559,000 | 177,235,000 | 176,857,000 | 174,199,000 | -452,000 | |||||||||||||||||
total equity | 3,928,679,000 | 4,115,805,000 | 3,751,445,000 | 3,681,422,000 | 3,632,250,000 | 3,666,964,000 | 3,356,241,000 | 3,238,745,000 | 3,262,826,000 | 3,296,156,000 | 3,412,915,000 | 3,458,852,000 | 3,489,082,000 | 2,909,816,000 | 2,846,881,000 | 2,773,722,000 | 2,619,238,000 | 2,611,295,000 | 2,547,895,000 | 2,423,710,000 | 2,419,363,000 | 2,346,548,000 | |
redeemable noncontrolling interest | 7,699,000 | 7,673,000 | 7,660,000 | 7,706,000 | 7,671,000 | 183,547,000 | 200,529,000 | 205,286,000 | 107,284,000 | 86,921,000 | 85,005,000 | 84,354,000 | 83,182,000 | 82,406,000 | |||||||||
long-term debt, less current maturities | 3,507,120,000 | 4,396,867,000 | 4,327,895,000 | 4,348,340,000 | 4,382,146,000 | 5,063,577,000 | 4,648,958,000 | 4,609,838,000 | 5,235,539,000 | 5,284,844,000 | 4,577,600,000 | 5,865,591,000 | 4,588,454,000 | 4,559,758,000 | 3,573,783,000 | 2,478,823,000 | 2,696,570,000 | 2,685,722,000 | 2,639,317,000 | 2,310,084,000 | 2,462,116,000 | 2,373,003,000 | 2,106,274,000 |
total capitalization | 7,435,799,000 | 8,520,371,000 | 8,087,013,000 | 8,037,422,000 | 8,022,102,000 | 8,738,212,000 | 8,012,860,000 | 8,024,541,000 | 8,619,441,000 | 8,705,850,000 | 8,000,782,000 | 9,393,198,000 | 8,169,962,000 | 8,184,824,000 | 6,667,146,000 | 5,526,233,000 | 5,675,578,000 | 5,412,244,000 | 5,337,533,000 | 4,942,984,000 | 4,970,180,000 | 4,875,548,000 | 4,535,228,000 |
income taxes receivable | 6,215,000 | 6,030,000 | 2,414,000 | 7,401,000 | 9,661,000 | 7,174,000 | 1,935,000 | 4,268,000 | 6,804,000 | 8,136,000 | 15,580,000 | 19,147,000 | 16,937,000 | 32,554,000 | 23,839,000 | 6,523,000 | 7,934,000 | 4,077,000 | 7,503,000 | 26,611,000 | 15,190,000 | 14,069,000 | |
deferred income taxes | 3,176,000 | 2,833,000 | 2,171,000 | 1,309,000 | 463,000 | 253,000 | 99,000 | 115,000 | 322,000 | 168,000 | 44,000 | 268,000 | 345,000 | 563,000 | 841,000 | 632,000 | 765,000 | 896,000 | 1,021,000 | 1,074,000 | |||
current liabilities: | |||||||||||||||||||||||
current maturities of long-term debt | 28,101,000 | 28,932,000 | 30,018,000 | 30,264,000 | 31,194,000 | 42,770,000 | 42,552,000 | 42,335,000 | 42,120,000 | 41,907,000 | 41,485,000 | 41,276,000 | 291,069,000 | 297,271,000 | 319,417,000 | 67,334,000 | 44,903,000 | 171,668,000 | 169,574,000 | 38,165,000 | 36,807,000 | 34,915,000 | |
short-term debt | 260,000,000 | 690,000,000 | 680,000,000 | 663,000,000 | 111,000,000 | 644,000,000 | 628,500,000 | 57,500,000 | 15,500,000 | 467,500,000 | 381,000,000 | 1,462,747,000 | 1,474,000,000 | 272,000,000 | 318,000,000 | 310,000,000 | 54,000,000 | 58,000,000 | 157,000,000 | 30,000,000 | 188,000,000 | ||
accounts payable | 254,570,000 | 253,316,000 | 331,807,000 | 226,960,000 | 264,289,000 | 264,620,000 | 346,907,000 | 255,251,000 | 273,950,000 | 310,748,000 | 308,824,000 | 306,753,000 | 256,606,000 | 222,959,000 | 182,304,000 | 182,805,000 | 175,507,000 | 189,373,000 | 182,182,000 | 188,896,000 | 196,915,000 | 231,343,000 | |
customer deposits | 67,117,000 | 66,334,000 | 63,876,000 | 60,750,000 | 57,399,000 | 52,632,000 | 48,460,000 | 47,206,000 | 48,414,000 | 50,350,000 | 55,033,000 | 53,991,000 | 57,620,000 | 51,816,000 | 44,088,000 | 67,121,000 | 69,122,000 | 69,898,000 | 69,938,000 | 68,897,000 | 69,165,000 | 68,593,000 | |
income taxes payable | 3,895,000 | 5,492,000 | 1,482,000 | 2,019,000 | 2,241,000 | 744,000 | 817,000 | 267,000 | 1,322,000 | 739,000 | 4,516,000 | 1,725,000 | 10,416,000 | 27,490,000 | 19,259,000 | 19,356,000 | 1,084,000 | 1,319,000 | |||||
accrued general taxes | 50,727,000 | 86,748,000 | 59,353,000 | 64,005,000 | 63,769,000 | 96,676,000 | 58,053,000 | 75,932,000 | 62,803,000 | 101,579,000 | 72,941,000 | 55,883,000 | 83,897,000 | 60,656,000 | 51,712,000 | 72,103,000 | 59,958,000 | 48,220,000 | 73,105,000 | 52,361,000 | 42,778,000 | 69,423,000 | |
accrued interest | 40,156,000 | 39,427,000 | 40,405,000 | 44,514,000 | 36,575,000 | 39,985,000 | 36,605,000 | 46,837,000 | 38,530,000 | 45,641,000 | 41,484,000 | 35,697,000 | 42,421,000 | 38,600,000 | 19,653,000 | 34,571,000 | 35,478,000 | 21,525,000 | 34,755,000 | 34,745,000 | 21,431,000 | 31,439,000 | |
other current liabilities | 360,908,000 | 347,069,000 | 382,897,000 | 422,245,000 | 408,364,000 | 577,237,000 | 522,953,000 | 527,201,000 | 574,769,000 | 592,022,000 | 404,703,000 | 387,359,000 | 413,872,000 | 384,442,000 | 317,970,000 | 282,745,000 | 322,928,000 | 289,395,000 | 266,763,000 | 279,931,000 | 269,674,000 | 278,552,000 | |
total current liabilities | 1,414,505,000 | 1,806,505,000 | 1,832,097,000 | 1,702,742,000 | 1,096,154,000 | 1,718,664,000 | 1,684,847,000 | 1,052,529,000 | 1,057,408,000 | 1,610,486,000 | 1,313,728,000 | 2,350,417,000 | 2,630,198,000 | 1,355,234,000 | 1,272,403,000 | 1,036,035,000 | 839,222,000 | 918,017,000 | 979,815,000 | 782,344,000 | 726,504,000 | 974,478,000 | |
deferred income taxes and other credits: | |||||||||||||||||||||||
deferred income taxes and investment tax credits | 927,486,000 | 837,584,000 | 808,782,000 | 790,825,000 | 792,244,000 | 784,491,000 | 752,997,000 | 742,078,000 | 740,886,000 | 733,199,000 | 774,465,000 | 785,258,000 | 803,771,000 | 789,141,000 | 694,719,000 | 671,574,000 | 639,002,000 | 631,388,000 | 624,888,000 | 577,928,000 | 563,478,000 | 556,063,000 | |
accumulated removal costs | 486,000,000 | 479,000,000 | 472,000,000 | 465,000,000 | 463,000,000 | 457,000,000 | 458,000,000 | 454,000,000 | 452,000,000 | 450,000,000 | 500,052,000 | 494,554,000 | 488,908,000 | 419,000,000 | 409,000,000 | 407,000,000 | 401,000,000 | 401,000,000 | 399,000,000 | 392,000,000 | 389,000,000 | 385,000,000 | |
other deferred credits and other long-term liabilities | 865,583,000 | 865,702,000 | 873,535,000 | 894,281,000 | 895,734,000 | 914,979,000 | 949,511,000 | 968,234,000 | 994,778,000 | 1,015,706,000 | 1,121,134,000 | 1,122,817,000 | 1,141,786,000 | 1,139,114,000 | 1,136,667,000 | 1,138,458,000 | 1,138,189,000 | 1,138,097,000 | 1,146,538,000 | 1,117,759,000 | 1,112,355,000 | 1,118,663,000 | |
total deferred income taxes and other credits | 2,279,069,000 | 2,182,286,000 | 2,154,317,000 | 2,150,106,000 | 2,150,978,000 | 2,156,470,000 | 2,160,508,000 | 2,164,312,000 | 2,187,664,000 | 2,198,905,000 | 2,395,651,000 | 2,402,629,000 | 2,434,465,000 | 2,347,255,000 | 2,240,386,000 | 2,217,032,000 | 2,178,191,000 | 2,170,485,000 | 2,170,426,000 | 2,087,687,000 | 2,064,833,000 | 2,059,726,000 | |
total capitalization and liabilities | 12,213,945,000 | 12,075,804,000 | 12,023,836,000 | 11,874,950,000 | 11,985,344,000 | 11,887,994,000 | 11,869,896,000 | 11,836,282,000 | 11,950,922,000 | 11,810,173,000 | 13,102,577,000 | 12,923,008,000 | 13,249,487,000 | 10,369,635,000 | 9,039,022,000 | 8,928,645,000 | 8,429,657,000 | 8,426,035,000 | 8,093,225,000 | 7,840,211,000 | 7,666,885,000 | 7,569,432,000 | |
current assets held for sale | 21,377,000 | 24,480,000 | 26,802,000 | 26,993,000 | |||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||
redeemable noncontrolling interests | 7,661,000 | 104,667,000 | 145,157,000 | 158,180,000 | 127,026,000 | 114,692,000 | 122,656,000 | 135,984,000 | |||||||||||||||
total southwest gas holdings, inc. equity | 3,310,036,000 | 2,423,710,000 | 2,419,363,000 | 2,347,000,000 | |||||||||||||||||||
current liabilities held for sale | |||||||||||||||||||||||
utility plant: | |||||||||||||||||||||||
net utility plant | 6,396,418,000 | 6,334,966,000 | 6,240,766,000 | 6,055,685,000 | 5,936,377,000 | 5,810,657,000 | 5,535,564,000 | 5,370,224,000 | 5,215,608,000 | ||||||||||||||
accumulated other comprehensive income | -47,775,000 | -48,581,000 | -50,623,000 |
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