Welcome to our dedicated page for Southwest Gas Ho news (Ticker: SWX), a resource for investors and traders seeking the latest updates and insights on Southwest Gas Ho stock.
Southwest Gas Holdings, Inc. (SWX) provides natural gas distribution and utility infrastructure services across Arizona, Nevada, and California. This news hub offers investors and stakeholders direct access to the company's official communications and market-relevant developments.
Track SWX's operational updates through earnings reports, regulatory filings, and infrastructure project announcements. Our curated collection includes press releases detailing rate case outcomes, safety initiatives, and strategic moves like the Centuri subsidiary separation. All content is verified at source to ensure accuracy in this regulated utility environment.
Users will find updates organized by key operational categories: natural gas distribution service expansions, utility infrastructure project awards, and regulatory compliance milestones. The repository serves as a historical record of management decisions impacting long-term service territories.
Bookmark this page for streamlined monitoring of SWX's financial performance and industry positioning. Combine regular checks with regulatory filings for complete analysis of this essential service provider's market trajectory.
Southwest Gas Holdings (NYSE: SWX) announced the adoption of a short-term stockholder rights plan on October 10, 2021, aimed at protecting shareholder interests against potential hostile takeovers. The board's decision comes in response to disclosures by activist investor Carl Icahn, who reported beneficial ownership of the company's shares and intends to engage in a proxy contest. The rights plan, effective for 364 days, allows shareholders to buy common stock at a discount if a person or group acquires 10% or more of shares without board approval, ensuring the board can fulfill its fiduciary duties and maintain long-term value.
Southwest Gas Holdings (SWX) announced the acquisition of Dominion Energy Questar Pipeline for $1.545 billion in cash, along with assuming $430 million in debt. The acquisition targets a strategic enhancement in the Rocky Mountain region, adding 2,160 miles of FERC-regulated pipelines. Expected to close by December 31, 2021, the deal aims to be accretive to earnings per share in 2022, providing increased cash flow and value for shareholders. The transaction marks a significant step in Southwest Gas's energy transition strategy.
Southwest Gas Holdings (NYSE: SWX) has declared a fourth-quarter cash dividend of $0.595 per share, payable on December 1, 2021, with a record date of November 15, 2021. This dividend translates to an annualized amount of $2.38 per share. The company has maintained a consistent track record of quarterly dividends since becoming public in 1956. Southwest Gas provides natural gas services to over two million customers in Arizona, Nevada, and California, while also offering utility infrastructure services through its Centuri Group segment.
Southwest Gas Holdings, Inc. (NYSE: SWX) has announced a conference call on August 6, 2021, to discuss its 2021 Q2 and 12-month results. The call will follow the earnings release on August 5, 2021. Interested parties can participate via telephone or join the live webcast on the company’s website. For those unable to attend live, a digital replay will be available after the call. Key details include the call time at 1:00 P.M. (ET), with participation numbers provided. The archived call will remain accessible until August 13, 2021.
Southwest Gas Holdings (SWX) reported Q2 2021 earnings of $0.43 per diluted share, down from $0.68 in Q2 2020.
Net income fell to $25.1 million from $38 million the previous year, with the natural gas segment contributing $11.4 million and utility infrastructure services $15.1 million.
Despite a $54 million increase in operating margin year-over-year, expenses rose, including a 4% increase in operations and maintenance costs. The company anticipates 2021 diluted EPS guidance of $4.00 to $4.20, excluding the impact of the planned acquisition of Riggs Distler.
Southwest Gas Holdings, Inc. (NYSE: SWX) will host a conference call to discuss its 2021 second quarter and twelve-month results on August 6, 2021, at 1:00 P.M. (ET). The call will follow the earnings release scheduled for August 5, 2021. Interested parties can join the live webcast on the company's website or participate via telephone, with options for domestic and international calls. A digital replay of the conference call will be accessible starting at 4:30 P.M. (ET) on the same day and will remain available until August 13, 2021.
Centuri Group, a subsidiary of Southwest Gas Holdings (SWX), announced the acquisition of Riggs Distler for $855 million. The acquisition enhances Centuri's electric services and geographic reach without customer overlap. Riggs Distler has established long-term relationships with major utilities in the Northeast and Mid-Atlantic regions. Centuri aims to boost its offerings in renewable energy, 5G telecom, and utility services. The transaction is set to close in Q3 2021 and will be funded through new debt financing.
On June 29, 2021, Southwest Gas Holdings announced its subsidiary, Centuri Group, will acquire Riggs Distler for $855 million. This all-cash transaction aims to broaden Centuri's utility services and enhance its offerings in electric, renewable energy, and 5G telecom sectors. Expected to close in Q3 2021, the acquisition is anticipated to be accretive to earnings in the first full year and brings significant growth opportunities by expanding into new Northeast and Mid-Atlantic markets. Riggs Distler will operate as a standalone entity post-acquisition.
Southwest Gas Holdings (NYSE: SWX) will participate in the American Gas Association 2021 Virtual Financial Forum on May 19-20, 2021. Key executives, including John Hester (CEO), Greg Peterson (CFO), Ken Kenny (Treasurer), and Justin Brown (General Counsel), will engage in virtual meetings with investors. The presentation materials will be available on the Southwest Gas website starting at 8:00 a.m. EDT on May 19. This event underscores the company's commitment to investor relations.
Southwest Gas Holdings, Inc. (NYSE: SWX) will hold a conference call on Friday, May 7, 2021, at 1:00 P.M. (ET) to discuss its 2021 first quarter and twelve-month results. The call will take place following the earnings release on Thursday, May 6, 2021. Participants can join via the company’s website or by phone, with a digital replay available afterward. The call's conference ID is 5978692.
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