Southwest Gas (SWX) Revenue & Revenue Breakdown

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Southwest Gas Revenue Highlights

Latest Revenue (Y)

$5.43B

Latest Revenue (Q)

$1.08B

Main Segment (Y)

Gas Infrastructure Services

Main Geography (Y)

UNITED STATES

Southwest Gas Revenue by Period

Southwest Gas Revenue by Year

Date	Revenue	Change
2023-12-31	$5.43B	9.56%
2022-12-31	$4.96B	34.77%
2021-12-31	$3.68B	11.57%
2020-12-31	$3.30B	5.74%
2019-12-31	$3.12B	8.33%
2018-12-31	$2.88B	13.00%
2017-12-31	$2.55B	3.59%
2016-12-31	$2.46B	-0.13%
2015-12-31	$2.46B	16.12%
2014-12-31	$2.12B	8.76%
2013-12-31	$1.95B	1.19%
2012-12-31	$1.93B	2.15%
2011-12-31	$1.89B	3.10%
2010-12-31	$1.83B	-3.35%
2009-12-31	$1.89B	-11.70%
2008-12-31	$2.14B	-0.34%
2007-12-31	$2.15B	6.29%
2006-12-31	$2.02B	18.11%
2005-12-31	$1.71B	16.06%
2004-12-31	$1.48B	19.99%
2003-12-31	$1.23B	-6.81%
2002-12-31	$1.32B	-5.43%
2001-12-31	$1.40B	35.06%
2000-12-31	$1.03B	10.37%
1999-12-31	$936.90M	2.14%
1998-12-31	$917.30M	25.31%
1997-12-31	$732.00M	13.65%
1996-12-31	$644.10M	14.30%
1995-12-31	$563.50M	-7.59%
1994-12-31	$609.80M	13.11%
1993-12-31	$539.10M	-

Southwest Gas generated $5.43B in revenue during NA 2023, up 9.56% compared to the previous quarter, and up 188.68% compared to the same period a year ago.

Southwest Gas Revenue by Quarter

Date	Revenue	Change
2024-09-30	$1.08B	-8.71%
2024-06-30	$1.18B	-25.22%
2024-03-31	$1.58B	15.61%
2023-12-31	$1.37B	16.93%
2023-09-30	$1.17B	-9.60%
2023-06-30	$1.29B	-19.31%
2023-03-31	$1.60B	12.84%
2022-12-31	$1.42B	26.24%
2022-09-30	$1.13B	-1.79%
2022-06-30	$1.15B	-9.57%
2022-03-31	$1.27B	16.87%
2021-12-31	$1.08B	22.02%
2021-09-30	$888.70M	8.19%
2021-06-30	$821.42M	-7.28%
2021-03-31	$885.91M	-3.08%
2020-12-31	$914.08M	15.53%
2020-09-30	$791.23M	4.49%
2020-06-30	$757.25M	-9.45%
2020-03-31	$836.32M	-1.39%
2019-12-31	$848.14M	16.95%
2019-09-30	$725.23M	1.71%
2019-06-30	$713.01M	-14.46%
2019-03-31	$833.54M	5.96%
2018-12-31	$786.65M	17.74%
2018-09-30	$668.15M	-0.41%
2018-06-30	$670.88M	-11.06%
2018-03-31	$754.33M	1.88%
2017-12-31	$740.43M	24.83%
2017-09-30	$593.15M	5.83%
2017-06-30	$560.47M	-14.40%
2017-03-31	$654.74M	2.06%
2016-12-31	$641.52M	18.81%
2016-09-30	$539.97M	-1.42%
2016-06-30	$547.75M	-25.09%
2016-03-31	$731.25M	6.69%
2015-12-31	$685.40M	35.62%
2015-09-30	$505.40M	-6.17%
2015-06-30	$538.60M	-26.64%
2015-03-31	$734.22M	16.97%
2014-12-31	$627.68M	45.14%
2014-09-30	$432.48M	-4.56%
2014-06-30	$453.15M	-25.52%
2014-03-31	$608.40M	13.01%
2013-12-31	$538.36M	38.99%
2013-09-30	$387.35M	-5.89%
2013-06-30	$411.57M	-32.91%
2013-03-31	$613.50M	25.57%
2012-12-31	$488.57M	31.41%
2012-09-30	$371.80M	-9.27%
2012-06-30	$409.77M	-37.69%
2012-03-31	$657.64M	27.04%
2011-12-31	$517.65M	46.81%
2011-09-30	$352.59M	-9.24%
2011-06-30	$388.50M	-38.18%
2011-03-31	$628.44M	34.25%
2010-12-31	$468.11M	52.14%
2010-09-30	$307.68M	-20.25%
2010-06-30	$385.82M	-42.31%
2010-03-31	$668.75M	34.07%
2009-12-31	$498.81M	57.10%
2009-09-30	$317.51M	-18.09%
2009-06-30	$387.65M	-43.81%
2009-03-31	$689.86M	-182.19%
2008-12-31	$-839.31M	-324.16%
2008-09-30	$374.42M	-16.29%
2008-06-30	$447.30M	-45.02%
2008-03-31	$813.61M	45.21%
2007-12-31	$560.31M	50.81%
2007-09-30	$371.52M	-

Southwest Gas generated $1.08B in revenue during Q3 2024, up -8.71% compared to the previous quarter, and up 83.42% compared to the same period a year ago.

Southwest Gas Revenue Breakdown

Southwest Gas Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Gas Infrastructure Services	$1.55B	$1.53B	$1.30B	$1.26B	$1.24B
Electric Power Infrastructure Services	$1.31B	$778.12M	$525.20M	$411.83M	$247.72M
Other Infrastructure Services	$43.09M	$450.38M	$331.12M	$275.30M	$264.29M

Southwest Gas's latest annual revenue breakdown by segment (product or service), as of Dec 23: Gas Infrastructure Services (53.43%), Electric Power Infrastructure Services (45.08%), and Other Infrastructure Services (1.49%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Other Infrastructure Services	$3.12M	$6.33M	-	$131.26M	$137.82M	$122.25M	$160.18M	$101.51M	$107.47M	$81.23M	$114.57M	$84.27M	$84.10M	$48.18M	-	-	-	-	-	-
Gas Infrastructure Services	$416.42M	$261.23M	$375.19M	$443.08M	$433.47M	$297.41M	$384.52M	$467.75M	$418.87M	$260.68M	$340.50M	$393.12M	$346.88M	$221.84M	-	-	-	-	-	-
Electric Power Infrastructure Services	$300.51M	$260.47M	$638.35M	$200.55M	$234.49M	$233.64M	$227.20M	$189.21M	$179.75M	$181.97M	$178.14M	$155.46M	$97.64M	$93.96M	-	-	-	-	-	-
Natural Gas Operations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$374.49M	$379.57M	-	-	-	-
Utility Infrastructure Services Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$539.59M	$468.57M	-	-	-	-
New Gas Construction	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$115.39M	$95.29M	$72.32M	$70.61M	-
Other Construction	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$77.43M	$69.37M	$43.46M	$80.40M	-
Replacement Gas Construction	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$387.58M	$330.16M	$217.71M	$364.24M	-

Southwest Gas's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Gas Infrastructure Services (57.83%), Electric Power Infrastructure Services (41.73%), and Other Infrastructure Services (0.43%).

Southwest Gas Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
CANADA	$234.79M	$322.45M	$269.43M	$241.83M	$226.72M
UNITED STATES	$5.20B	$4.64B	$3.41B	$3.06B	$2.89B

Southwest Gas's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (95.68%), and CANADA (4.32%).

Southwest Gas Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SWX	Southwest Gas	$5.43B	$1.08B
SR	Spire	$2.67B	$414.10M
NJR	New Jersey Resources	$1.96B	$275.64M
NWE	NorthWestern	$1.42B	$345.16M
NWN	Northwest Natural Company	$1.20B	$211.71M
CPK	Chesapeake Utilities	$670.60M	$160.14M

SWX Revenue FAQ

What is Southwest Gas’s yearly revenue?

Southwest Gas's yearly revenue for 2023 was $5.43B, representing an increase of 9.56% compared to 2022. The company's yearly revenue for 2022 was $4.96B, representing an increase of 34.77% compared to 2021. SWX's yearly revenue for 2021 was $3.68B, representing an increase of 11.57% compared to 2020.

What is Southwest Gas’s quarterly revenue?

Southwest Gas's quarterly revenue for Q3 2024 was $1.08B, a -8.71% decrease from the previous quarter (Q2 2024), and a -7.72% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.18B, a -25.22% decrease from the previous quarter (Q1 2024), and a -8.62% decrease year-over-year (Q2 2023). SWX's quarterly revenue for Q1 2024 was $1.58B, a 15.61% increase from the previous quarter (Q4 2023), and a -1.39% decrease year-over-year (Q1 2023).

What is Southwest Gas’s revenue growth rate?

Southwest Gas's revenue growth rate for the last 3 years (2021-2023) was 47.64%, and for the last 5 years (2019-2023) was 74.17%.

What are Southwest Gas’s revenue streams?

Southwest Gas's revenue streams in c 23 are Gas Infrastructure Services, Electric Power Infrastructure Services, and Other Infrastructure Services. Gas Infrastructure Services generated $1.55B in revenue, accounting 53.43% of the company's total revenue, up 1.13% year-over-year. Electric Power Infrastructure Services generated $1.31B in revenue, accounting 45.08% of the company's total revenue, up 67.97% year-over-year. Other Infrastructure Services generated $43.09M in revenue, accounting 1.49% of the company's total revenue, down -90.43% year-over-year.

What is Southwest Gas’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Southwest Gas was Gas Infrastructure Services. This segment made a revenue of $1.55B, representing 53.43% of the company's total revenue.