SOUTHWEST GAS Reports 12.9% Increase in Revenue for Q2 of 2023
August 14, 2023
☀️Earnings Overview
SOUTHWEST GAS ($NYSE:SWX) reported total revenue of USD 1293.6 million for the second quarter of 2023, a 12.9% rise from the same period in the previous year. Net income for Q2 2023 was USD 28.9 million, compared to a net loss of -6.6 million in Q2 of 2022.
Analysis
GoodWhale has analyzed the financials of SOUTHWEST GAS. According to the Star Chart, SOUTHWEST GAS is strong in dividend, growth, and medium in asset, profitability. It has an intermediate health score of 4/10, indicating that while it is likely to sustain future operations in times of crisis, there are still areas that can be improved. SOUTHWEST GAS is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for potential growth opportunities may be interested in SOUTHWEST GAS. A company that can capitalize on its growth potential has the potential for higher returns. Investors should assess the risk associated with the investment and make sure that the returns justify the risks taken. SOUTHWEST GAS may also be attractive to investors who are looking for a steady dividend yield. Ultimately, investors should evaluate SOUTHWEST GAS based on their own individual risk tolerance and decide if it is an appropriate investment for them. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Southwest Gas. More…
| Total Revenues | Net Income | Net Margin |
| 5.44k | -218.1 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Southwest Gas. More…
| Operations | Investing | Financing |
| 156.03 | 134.32 | -284.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Southwest Gas. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.95k | 8.53k | 45.74 |
Key Ratios Snapshot
Some of the financial key ratios for Southwest Gas are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.8% | 9.0% | 0.3% |
| FCF Margin | ROE | ROA |
| -14.2% | 0.3% | 0.1% |
Peers
The energy industry is highly competitive, and Southwest Gas Holdings Inc is no exception. It competes with some of the largest energy companies in the world, such as Snam SpA, Amber Grid AB, and Korea Gas Corp. Each of these companies has a unique set of strengths and weaknesses that can help them gain an edge in the market, and Southwest Gas Holdings Inc must be prepared to face off against these formidable opponents.
– Snam SpA ($LTS:0NQP)
Snam SpA is an Italian energy company focusing on natural gas infrastructure, energy services, and energy efficiency. The company has a market capitalization of 16.44 billion as of 2022, and its Return on Equity (ROE) is 13.61%. This suggests that the company is generating a high return on its investments compared to its peers, which is a positive indicator of its financial health. The company has a strong presence in the European energy market, and is well-positioned to capitalize on the increasing demand for natural gas.
– Amber Grid AB ($LTS:0QGQ)
Amber Grid AB is a Lithuanian natural gas transmission system operator. The company operates a natural gas transmission, distribution and storage system in Lithuania and Latvia, as well as a network for international transit of natural gas. As of 2022, the company has a market capitalization of 223.87M and a Return on Equity of 7.82%. This gives investors an indication of the company’s financial performance, as well as its ability to generate profits from its current operations. Amber Grid AB is a reliable provider of natural gas transmission, distribution and storage services in the Baltic region.
– Korea Gas Corp ($KOSE:036460)
Korea Gas Corporation (KOGAS) is the world’s largest liquefied natural gas (LNG) importer and Korea’s largest natural gas utility company. With a market cap of 2.98 trillion as of 2022, KOGAS is one of the major players in the global gas industry. Furthermore, KOGAS has an impressive Return on Equity (ROE) of 17.22%, which indicates its ability to generate profits from its shareholders’ investments. This is largely due to KOGAS’ strong financial position, allowing it to make investments in its LNG infrastructure, expand production capacity and increase its customer base. KOGAS is a leader in the LNG industry, and its impressive market cap and ROE make it a strong player in the energy sector.
Summary
Investors have been encouraged by the strong financial performance of SOUTHWEST GAS in the second quarter ending June 30 2023. The company reported total revenue of USD 1293.6 million, a 12.9% increase from the same period in the previous year, and net income of USD 28.9 million, compared to a net loss of -6.6 million in the same quarter of FY2022. This robust growth has been reflected in the stock price, which moved up the same day the financial results were released. With increased revenues and profitability, investors may be looking to SOUTHWEST GAS as an attractive long-term investment opportunity.
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