Filing Flows › Southwest Gas Holdings (SWX) › Q4 2024
Southwest Gas Holdings (SWX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
Southwest Gas Holdings (SWX) reported revenue of $1.3B for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and +18% from the quarter before. Operating margin was 14.2%, net earnings $92.5M (7.3% of revenue).
Southwest Gas Holdings, Q4 2024: revenue $1.3B (-7% year over year), operating margin 14.2%, net earnings $92.5M, operating cash flow $201M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +18% | -7% |
| Operating profit | $181M | +194% | +31% |
| Net earnings | $92.5M | 320× | +27% |
| Operating cash flow | $201M | -34% | -35% |
What changed
Revenue was $1.3B in Q4 2024, down 7% year over year and up 18% from the previous quarter.
Operating profit was $0.18B, a 14.2% margin (up 4.1 points year over year). Total costs fell 11% while revenue fell 7%. Net earnings were $0.09B, up 27% year over year. The effective tax rate was 16.2%.
Operating cash flow was $0.20B (down 35% year over year), 213% of net income including minority interests. Non-cash charges added back $0.12B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.24B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Southwest Gas Holdings' revenue in the fourth quarter 2024?
Southwest Gas Holdings (SWX) reported revenue of $1.3B for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and +18% from the quarter before.
Was Southwest Gas Holdings profitable in the fourth quarter 2024?
Operating profit was $181M (14.2% of revenue) and net earnings $92.5M.