NYSE$SWX

Southwest Gas Holdings Inc. · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Southwest Gas Holdings reported Q1 2025 total operating revenues of $1.30B with net income of $109.2M and diluted EPS of $1.58.

Total operating revenues were $1.30 billion as regulated gas and utility infrastructure services contributed. Net income was $109.2 million; diluted EPS was $1.58. Net income attributable to Southwest Gas Holdings was $113.9 million.

  • Q1 total operating revenues $1.30B.
  • Net income $109.2M; diluted EPS $1.58.
  • Utility infrastructure services revenue $550.1M.
  • Regulated operations and infrastructure investments support earnings.

Headline financials

Total Revenue

$1.3B

Previous: $1.58B-18.0%
EPS (adj)

$1.58

Previous: $1.22+29.5%
Utility ROE (TTM)

8.2%

No prior period
Dividend Yield

3.5%

No prior period
Customer to Employee Ratio

931

No prior period
New Meter Sets (TTM)

40.0K

No prior period
Customer Growth Rate (TTM)

1.8%

No prior period
Market-to-Book Value

144.0%

No prior period
Total System Throughput

73.1M

Previous: 76.8M-4.8%
Net Income

$109M

Previous: $87.7M+24.4%
Gross Profit

$287M

Previous: $1.07B-73.0%

Revenue & EPS history

Southwest Gas · Revenue · Quarterly

$1.3B

Q1 2025-18%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Southwest Gas · $395M total across 1 segment · Q3 2023

  • Natural Gas Distribution
    $395M

Forward guidance

Outlook focuses on volumes, pricing, and capital spending across core operations.

Tailwinds

  • Same-store or same-venue growth initiatives.
  • Cost programs and portfolio actions support margins.

Headwinds

  • Macro traffic and seasonal demand volatility.
  • Labor, fuel, or interest expense pressure.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.2%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.5%

Avg return

30 days after

51%

32 / 63 earnings

Positive

+9.0%

Q4 2023

Best reaction

-7.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-1.4%+0.6%-1.5%
Q3 2025-4.1%-3.8%-4.0%
Q1 2025-7.8%-8.8%-5.2%
Q4 2024-2.5%-1.9%-5.6%
Q3 2024-0.3%+4.7%+2.7%
Q2 2024-1.0%+0.0%-1.9%
Q1 2024+0.9%-0.6%-2.9%
Q4 2023+9.0%+12.2%+21.7%
Q3 2023-1.8%-1.0%+2.9%
Q2 2023+3.1%+1.7%-4.6%
Q1 2023+1.9%+0.3%+11.2%
Q4 2022-6.6%-5.6%-2.3%
Q3 2022-2.9%-6.0%+4.8%
Q2 2022-2.5%-0.3%+6.2%
Q1 2022+2.5%+4.0%+5.2%
Q4 2021+2.3%+3.8%+10.4%
Q3 2021+2.7%+1.0%-0.5%
Q2 2021+0.2%-1.8%-0.5%
Q1 2021+1.5%+2.0%-4.1%
Q4 2020-4.1%-2.5%+3.5%
Q3 2020+0.1%+11.1%-3.2%
Q2 2020+5.7%+5.5%-7.6%
Q1 2020+7.5%+2.4%+6.6%
Q4 2019-6.4%-7.2%-6.5%
Q3 2019-6.1%-10.4%-11.5%
Q2 2019+1.3%+1.7%+3.8%
Q1 2019-2.3%+0.3%+5.3%
Q4 2018+0.8%+4.3%+1.2%
Q3 2018+3.3%+4.6%+1.6%
Q2 2018-0.0%+0.5%+2.7%
Q1 2018-1.9%-2.0%-1.3%
Q4 2017-4.4%-6.9%-1.8%
Q3 2017+4.1%+0.2%+3.4%
Q2 2017+2.0%+1.0%-1.2%
Q1 2017-4.3%-5.4%-7.9%
Q4 2016+0.3%+1.1%-2.0%
Q3 2016+3.8%+1.6%+6.1%
Q2 2016-2.0%-3.8%-4.5%
Q1 2016+1.7%
Q4 2015+3.2%
Q3 2015-4.5%
Q2 2015-2.5%
Q1 2015-4.6%
Q4 2014-0.7%
Q3 2014-1.1%
Q2 2014-0.1%
Q1 2014+1.3%
Q4 2013-1.8%
Q3 2013+0.5%
Q2 2013-0.7%
Q1 2013+0.2%
Q4 2012+4.0%
Q3 2012-1.0%
Q2 2012+0.4%
Q1 2012+1.4%
Q4 2011+0.3%
Q3 2011-5.4%
Q2 2011+2.3%
Q1 2011+1.2%
Q4 2010+1.3%
Q3 2010+0.7%
Q2 2010-1.5%
Q1 2010-0.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro