Welcome to our dedicated page for Southwest Gas Holdings news (Ticker: $SWX), a resource for investors and traders seeking the latest updates and insights on Southwest Gas Holdings stock.
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Rhea-AI Summary
Southwest Gas Holdings, Inc. (SWX) declares a second quarter cash dividend of $0.62 per share, totaling $2.48 per share annually. The company has a long history of paying quarterly dividends since 1956.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. will report its 2023 fourth quarter and twelve months financial results on February 28, 2024. The Company will host an earnings conference call to discuss the results, including business and financial information.
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Rhea-AI Sentiment
End-of-Day
3.36%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) appoints William J. Fehrman as President and CEO of Centuri Group, Inc. with decades of experience in the utility and energy industry, previously serving as President and CEO of Berkshire Hathaway Energy. Centuri plans to separate into a standalone company and pursue an IPO in 2024.
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Rhea-AI Sentiment
End-of-Day
2.11%
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Southwest Gas Holdings, Inc. (NYSE: SWX) has announced its intent to pursue an initial public offering (IPO) of newly issued shares of Centuri Holdings, Inc. in the spring/summer of 2024. The IPO aims to separate Centuri as an independent utility infrastructure services company to maximize value for Southwest Gas shareholders. The IPO is subject to market conditions, SEC review, and final Board approval. The primary use of cash proceeds is expected to be the repayment of outstanding debt at Centuri to enhance its financial flexibility post-separation. Southwest Gas also intends to reduce its ownership in Centuri through sales of its remaining Centuri Holdings shares into the market or through exchange offers. The Company retains strategic flexibility to separate Centuri through a tax-free spin-off in the event market conditions are not conducive to an IPO or secondary sales by Southwest Gas following an IPO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) announces CEO Paul M. Daily's retirement in 2024 as President and Chief Executive Officer of Centuri Group, Inc., a wholly owned subsidiary. The company will commence a search for his successor with the assistance of a leading executive search firm. The separation of Centuri from Southwest Gas is ongoing, with both companies reaffirming their financial guidance.
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Rhea-AI Sentiment
End-of-Day
1.2%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) Declares $0.62 per Share First Quarter Cash Dividend
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Rhea-AI Sentiment
End-of-Day
-2.33%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) reports strong third-quarter growth in utility and Centuri net income, increases 2023 utility earnings and capital expenditures guidance, and reaffirms 2023 Centuri revenue and EBITDA margin guidance. The company is seeing strong customer growth and demand for safe, reliable, and affordable energy solutions, reflected in the increased 2023 utility net income and capital expenditure guidance ranges. Southwest Gas also continues to pursue a separation of Centuri, with the submission of a draft Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) to Host Earnings Conference Call on November 8, 2023. The company will report 2023 third quarter results and host an earnings conference call at 11:00 AM ET to discuss the results. The call will be webcast live on the Company's website. International telephone number and digital replay details are also provided.
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Rhea-AI Sentiment
End-of-Day
-0.3%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. has adopted a tax-free spin protection plan as it explores options for the separation of Centuri Group, Inc. The plan aims to reduce the possibility of a 355 Ownership Change that could hinder a tax-free spin-off. Southwest Gas is also considering other taxable transaction alternatives. The Internal Revenue Service has declined to rule on certain tax questions related to the spin-off. The company had a U.S. federal net operating loss carryforward of $932.8 million as of December 31, 2022.
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Rhea-AI Sentiment
End-of-Day
-2.58%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) will report its 2023 third quarter results on November 8, 2023, before the market opens. The company will host an earnings conference call at 11:00 AM ET on the same day to discuss the results. The conference call will be webcast live on the company's website. A digital replay of the call will be available until November 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.57%
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Southwest Gas Holdings, Inc.
NYSE:SWX
SWX Rankings
SWX Stock Data
5.43B
66.45M
0.43%
94.07%
3.48%
Fossil Fuel Electric Power Generation
Utilities
United States of America
LAS VEGAS
About SWX
southwest gas holdings, inc., through its subsidiaries, purchases, distributes, and transports natural gas in arizona, nevada, and california. the company operates in two segments, natural gas operations and utility infrastructure services. as of december 31, 2019, it had 2,081,000 residential, commercial, industrial, and other natural gas customers. the company also provides trenching and installation, replacement, and maintenance services for energy distribution systems; and industrial construction solutions. southwest gas holdings, inc. was founded in 1931 and is headquartered in las vegas, nevada.