{
  "url": "https://struct.news/briefs/southwest-gas-earned-more-from-rates-then-spent-61-more-on-capex",
  "title": "Southwest Gas earned more from rates, then spent 61% more on capex",
  "summary": "Accounts receivable fell 83.2% in the three months ended June 30, but cash still declined 23.9%.",
  "published_at": "2026-08-05T12:41:54.459683+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Southwest Gas Holdings, Inc.",
    "ticker": "SWX",
    "cik": "1692115",
    "sector": "Utilities",
    "industry": "Utilities - Regulated Gas"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-05",
    "accession": "0001692115-26-000112",
    "url": "https://www.sec.gov/Archives/edgar/data/1692115/000169211526000112/swx-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-06",
    "url": "https://www.sec.gov/Archives/edgar/data/1692115/000169211525000141/swx-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 5433972000,
      "display": "$5.4B",
      "unit": "usd",
      "period": "2023-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001692115-26-000112",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 9.55568830621074,
      "display": "+9.6%",
      "unit": "percent",
      "period": "2023-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001692115-26-000112",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 5.391544159594492,
      "display": "+5.4%",
      "unit": "percent",
      "period": "2023-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001692115-26-000112",
        "filing_date": "2026-08-05"
      }
    }
  ],
  "watch_next": [
    {
      "type": "regulation",
      "statement": "California rate-case approval contributed materially to the latest operating-margin increase, alongside broader updated rates and customer growth.",
      "importance": "high",
      "evidence": "Partially offset by: $25.5 million higher Operating margin primarily driven by updated rates that better align with Southwest Gas’ cost of service and capital investments across California adding approximately $19.5 million of incremental margin",
      "source_date": "2026-08-05"
    },
    {
      "type": "capital_investment",
      "statement": "Capital expenditures and property additions rose sharply in the latest three months, increasing cash used in continuing operations.",
      "importance": "medium",
      "evidence": "The increase was primarily from the increase in cash flows used in continuing operations of $168.2 million driven by the increased outflows for capital expenditures and property additions compared to 2025.",
      "source_date": "2026-08-05"
    }
  ],
  "related_tickers": [
    "SWX"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}