The financials
Southwest Gas Holdings, Inc. by the numbers
Southwest Gas Holdings, Inc. (SWX) reported revenue of $358M in Q2 2026 (quarter ended Jun 30, 2026), down 9.6% from the same quarter a year earlier. That came with net income of $42M (12% of revenue). For the full year FY2025, revenue was $1.94B (−22% year on year) and net income $440M. Its largest product in Q2 2025 (quarter ended Jun 30, 2025) was Gas Infrastructure Services at $392M, 54% of the disclosed total, ahead of Electric Power Infrastructure Services at 46%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $358M | $396M | −9.6% |
| Gross profit | n/a | −$261M | n/a |
| Operating income | $84M | $64M | +31% |
| Net income | $42M | −$40M | to a profit |
| Diluted EPS | $0.58 | −$0.56 | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Gas Infrastructure Services | $392M | 54% |
| Electric Power Infrastructure Services | $332M | 46% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2025Total $724.1M (+32%)
Electric Power Infrastructure Services grew +17% year on yearGas Infrastructure Services +1.2% year on year
Segment Latestquarter on quarteryear on year
- Gas Infrastructure Services$391.9M$391.9MQoQ +65%year on year +1.2%+65%+1.2%
- Electric Power Infrastructure Services$332.1M$332.1MQoQ +6.2%year on year +17%+6.2%+17%
Utilities - Regulated Gas
Ranks #5 of 11 by Smart Score