<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from Southwest Gas Corporation's Form 10-K for the year ended December 31, 1995, and is qualified in its entirety by reference to such financial statements. </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994 <PERIOD-END> DEC-31-1995 DEC-31-1994 <BOOK-VALUE> PER-BOOK PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,137,750 1,035,916 <OTHER-PROPERTY-AND-INVEST> 35,128 34,195 <TOTAL-CURRENT-ASSETS> 317,222 339,177 <TOTAL-DEFERRED-CHARGES> 42,427 44,294 <OTHER-ASSETS> 0 0 <TOTAL-ASSETS> 1,532,527 1,453,582 <COMMON> 26,097 22,912 <CAPITAL-SURPLUS-PAID-IN> 312,631 273,217 <RETAINED-EARNINGS> 17,322 52,427 <TOTAL-COMMON-STOCKHOLDERS-EQ> 356,050 348,556 <PREFERRED-MANDATORY> 0 3,200 <PREFERRED> 0 0 <LONG-TERM-DEBT-NET> 607,945 678,263 <SHORT-TERM-NOTES> 37,000 92,000 <LONG-TERM-NOTES-PAYABLE> 0 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 0 <LONG-TERM-DEBT-CURRENT-PORT> 120,000 5,000 <PREFERRED-STOCK-CURRENT> 0 800 <CAPITAL-LEASE-OBLIGATIONS> 0 0 <LEASES-CURRENT> 0 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 411,532<F1> 325,763<F2> <TOT-CAPITALIZATION-AND-LIAB> 1,532,527 1,453,582 <GROSS-OPERATING-REVENUE> 563,502 599,553 <INCOME-TAX-EXPENSE> 839 14,595 <OTHER-OPERATING-EXPENSES> 505,090 510,863 <TOTAL-OPERATING-EXPENSES> 505,090 510,863 <OPERATING-INCOME-LOSS> 58,412 88,690 <OTHER-INCOME-NET> (1,565)<F3> (1,110) <INCOME-BEFORE-INTEREST-EXPEN> 56,847 87,580 <TOTAL-INTEREST-EXPENSE> 53,354 49,461 <NET-INCOME> (14,882)<F4> 26,301<F5> <PREFERRED-STOCK-DIVIDENDS> 307 510 <EARNINGS-AVAILABLE-FOR-COMM> (15,189) 25,791 <COMMON-STOCK-DIVIDENDS> 19,826 17,125 <TOTAL-INTEREST-ON-BONDS> 53,354<F6> 49,461<F6> <CASH-FLOW-OPERATIONS> 97,754 84,074 <EPS-PRIMARY> (0.66)<F7> 1.22<F8> <EPS-DILUTED> (0.66) 1.22 <FN> <F1>Includes: trust originated preferred securities of $60,000; current liabilities, net of current long-term debt maturities and short-term debt, of $173,211; and deferred income taxes and other deferred credits of $178,321. <F2>Includes: current liabilities, net of current long-term debt maturities and short-term debt, of $157,563; and deferred income taxes and other deferred credits of $168,200. <F3>Includes distributions related to trust originated preferred securities of $913. <F4>Includes income from continuing operations of $2,654 and a loss from discontinued operations of $17,536. This loss is comprised of a loss from discontinued operations of $4,513, net of taxes, and a loss from disposal of discontinued segment of $13,023, including tax expense. <F5>Includes income from continuing operations of $23,524 and income from discontinued operations of $2,777. <F6>Represents interest costs for short and long-term debt net of the cost to finance utility construction (AFUDC). <F7>Earnings per share attributed to continuing operations was $0.10, and EPS attributed to discontinued operations was $(0.76). <F8>Earnings per share attributed to continuing operations was $1.09, and EPS attributed to discontinued operations was $0.13. </FN>