Southwest Gas Holdings Files 10-Q for Q2 2024

TL;DR

SWX 10-Q filed for Q2 2024 - financials and ops details inside.

AI Summary

Southwest Gas Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the company. Specific financial figures and operational highlights are provided within the report.

Why It Matters

This filing provides investors and analysts with crucial financial data and operational insights into Southwest Gas Holdings' performance during the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Players & Entities

• Southwest Gas Holdings, Inc. (company) — Filer of the 10-Q
• Southwest Gas Corporation (company) — Subsidiary/Operating Company
• 20240630 (date) — End of the reporting period

FAQ

Key Financial Figures

• $1 — thwest Gas Holdings, Inc. Common Stock, $1 Par Value SWX New York Stock Exchange

Filing Documents

• swx-20240630.htm (10-Q) — 1872KB
• swxexhibit310163024.htm (EX-31.01) — 19KB
• swxexhibit310263024.htm (EX-31.02) — 19KB
• swxexhibit320163024.htm (EX-32.01) — 9KB
• swxexhibit320263024.htm (EX-32.02) — 9KB
• 0001692115-24-000099.txt ( ) — 10121KB
• swx-20240630.xsd (EX-101.SCH) — 60KB
• swx-20240630_cal.xml (EX-101.CAL) — 110KB
• swx-20240630_def.xml (EX-101.DEF) — 395KB
• swx-20240630_lab.xml (EX-101.LAB) — 735KB
• swx-20240630_pre.xml (EX-101.PRE) — 596KB
• swx-20240630_htm.xml (XML) — 1675KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS SOUTHWEST GAS HOLDINGS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Thousands of dollars, except par value) (Unaudited) June 30, 2024 December 31, 2023 ASSETS Regulated operations plant: Gas plant $ 10,458,923 $ 10,140,362 Less: accumulated depreciation ( 2,896,703 ) ( 2,822,669 ) Construction work in progress 226,210 200,549 Net regulated operations plant 7,788,430 7,518,242 Other property and investments, net 1,234,942 1,266,340 Current assets: Cash and cash equivalents 599,639 106,536 Accounts receivable, net of allowances 796,238 886,549 Accrued utility revenue 46,400 93,000 Income taxes receivable, net 9,661 1,935 Deferred purchased gas costs 39,777 552,885 Prepaid and other current assets 239,887 218,832 Current assets held for sale — 21,377 Total current assets 1,731,602 1,881,114 Noncurrent assets: Goodwill 786,175 789,729 Deferred income taxes 2,171 463 Deferred charges and other assets 442,024 414,008 Total noncurrent assets 1,230,370 1,204,200 Total assets $ 11,985,344 $ 11,869,896 CAPITALIZATION AND LIABILITIES Capitalization: Common stock, $ 1 par (authorized - 120,000,000 shares; issued and outstanding - 71,709,298 and 71,563,750 shares) $ 73,339 $ 73,194 Additional paid-in capital 2,709,674 2,541,790 Accumulated other comprehensive loss, net ( 45,615 ) ( 43,787 ) Retained earnings 755,367 738,839 Total equity attributable to Southwest Gas Holdings, Inc. stockholders 3,492,765 3,310,036 Noncontrolling interest 174,199 — Total equity 3,666,964 3,310,036 Redeemable noncontrolling interest 7,671 104,667 Long-term debt, less current maturities 5,063,577 4,609,838 Total capitalization 8,738,212 8,024,541 Current liabilities: Current maturities of long-term debt 31,194 42,552 Short-term debt 111,000 628,500 Accounts payable 264,289 346,907 Customer deposits 57,399 48,460 Income taxes payable, net 2,241 817 Accrued general taxes 63,769 58,053 Accrued interest 36,5