Southwest Gas Holdings, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $42.1M | $138.4M | $262.6M | $-40.2M | $113.9M | $289.0K | $18.3M | $87.7M |
| Depreciation & Amortization | $77.8M | $99.6M | $79.1M | $68.9M | $93.7M | $74.2M | $96.1M | $119.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $4.5M | — | — | $4.7M | — | — | $961.0K |
| Net Cash from Operating Activities | $146.1M | $162.1M | $56.9M | $126.3M | $291.3M | $304.1M | $306.6M | $543.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $320.4M | $208.7M | $207.9M | $199.3M | $163.1M | $199.2M | $223.3M | $221.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-203.6M | — | — | $-186.6M | — | — | $-199.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | $44.8M | — | — | $44.5M | — | — | $44.4M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-50.4M | — | — | $-62.1M | — | — | $7.7M |
| Net Change in Cash | — | $-91.9M | — | — | $42.5M | — | — | $351.4M |
| Free Cash Flow | $-174.3M | $-46.6M | $-151.0M | $-73.0M | $128.1M | $104.8M | $83.3M | $322.5M |