An analysis of data from fiscal year 2023 reveals major shakeups in North Texas’ business ecosystem — including a new top company for revenue.A king deposed, a new one crowned. An empire in decline, several others in ascent. A smaller city battling punch-for-punch with far larger ones.spinoff.
Integer Holdings Corp. and Addus HomeCare Corp. also brought in $1 billion or more in revenue, good for increases of 42% and 11% from 2022, respectively. The biggest loser in the sector was AMN Healthcare Services Inc., which dropped nearly $1.5 billion for a 28% decrease, but it still brought in $3.8 billion in sales for more than $210 million in profit.Excluding Exxon Mobil, D-FW energy companies combined brought in a just under $202 billion in revenue to last year’s $224.9 billion.
Despite the high totals, only five energy companies increased their revenue this year. Every company with more than $10 billion in 2023 revenue except Vistra Corp. saw revenues fall by at least 10% compared with the year prior, led by Energy Transfer’s $11.2-billion decrease and EnLink Midstream LLC’s 28% drop.
Regardless, energy companies will “find ways to maintain profitability” no matter who is in office, Daigle said.Aside from oil and gas, the only industry represented more than once in the top 10 were D-FW’s longtime air carriers.Fort Worth-based American Airlines and Dallas-based Southwest Airlines brought in more revenue than 2022, netting $52.8 billion and $26.1 billion, respectively. That placed them fifth and ninth in this year’s ledger.
“We are taking urgent and deliberate steps to mitigate near-term revenue challenges and implement longer-term transformational initiatives that are designed to drive meaningful top and bottom-line growth,” Southwest CEO Bob Jordan said in the“When we return to the level of revenue generation we know we can achieve, and we couple that with our operational reliability and best-in-class cost management, we will unlock significant value,” American CEO Robert Isom said in the“Whereas it could be...