• Southwest Gas average return on tangible equity for 2023 was -6.13, a 247.71% decline from 2022.
• Southwest Gas average return on tangible equity for 2022 was 4.15, a 61.14% decline from 2021.
• Southwest Gas average return on tangible equity for 2021 was 10.68, a 10.44% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.