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. reports developments for a fully regulated natural gas business conducted through its primary operating subsidiary, Southwest Gas Corporation. The company purchases, distributes, and transports natural gas for customers across Arizona, Nevada, and California, with news focused on utility operating results, rate-base growth, regulatory proceedings, and capital planning.
Recurring updates also cover common stock dividends, earnings guidance, credit and financing metrics, Great Basin Gas Transmission Company expansion planning, and board or executive succession matters. Company news reflects Southwest Gas Holdings’ transition to a pure-play regulated natural gas utility following the completed separation from Centuri.
Southwest Gas Holdings (NYSE: SWX) has completed its secondary public offering of Centuri Holdings (NYSE: CTRI) common stock, selling 10.35 million shares at $17.50 per share. Additionally, Icahn Partners purchased 2.86 million shares through a private placement at the same price. The company received approximately $175 million in net proceeds from the offering and $50 million from the private placement, totaling $225 million. The proceeds will be used to repay outstanding debt. After these transactions, Southwest Gas Holdings maintains a 65.9% ownership stake in Centuri.
Southwest Gas Holdings (NYSE: SWX) has announced a secondary public offering of Centuri Holdings (NYSE: CTRI) common stock, offering 9,000,000 existing shares with an option for underwriters to purchase an additional 1,350,000 shares. Additionally, Icahn Partners and Icahn Partners Master Fund LP, affiliated with Carl C. Icahn, will purchase $50 million worth of Centuri shares in a concurrent private placement at the same price as the public offering.
The private placement is expected to close immediately after the public offering, subject to customary conditions. The offering will be made through an effective shelf registration statement filed with the SEC, with a preliminary prospectus supplement to be filed.
["Potential significant cash influx from the sale of 9 million shares plus possible 1.35 million additional shares", "Secured $50 million private placement deal with Icahn Partners", "Strategic divestment aligns with company's portfolio optimization"]The Natural Gas Distribution segment saw an 8.2% return on equity over the last twelve months, with a notable $80.2 million annual revenue increase approved in Arizona, including an increased allowed ROE of 9.84%. Customer growth remained strong with approximately 40,000 new meter sets added, representing a 1.8% growth rate.
The company maintains strong liquidity with $406 million cash on hand and over $1.0 billion in available liquidity. Southwest Gas reaffirmed its 2025 guidance, projecting net income of $265-275 million and capital expenditures of ~$880 million. The company remains committed to fully separating its Centuri utility infrastructure services business to become a pure-play utility.
Southwest Gas Holdings (NYSE: SWX) has rescheduled its Q1 2025 earnings release and conference call from May 7 to May 12, 2025, at 11:00 AM ET. The company has affirmed its financial guidance for Southwest Gas Corporation, projecting 2025 net income between $265-$275 million and capital expenditures of approximately $880 million for customer growth and system improvements.
The company maintains its 2025-2029 outlook with projected adjusted net income CAGR of 6.0-8.0%, total capital expenditures of $4.3 billion, and rate base CAGR of 6.0-8.0%. Southwest Gas Holdings also noted it owns approximately 81% of Centuri Holdings, which separately affirmed its 2025 outlook.
Southwest Gas Holdings (NYSE: SWX) has announced the election of Brian E. Sandoval to its Board of Directors. Sandoval, currently serving as President of the University of Nevada, Reno, brings significant legal, regulatory, and corporate leadership experience to the company. His extensive background includes serving as Nevada's Governor (2011-2019), federal judge, Nevada Attorney General, and Chairman of the Nevada Gaming Commission.
The appointment aligns with Southwest Gas's strategy of transforming into a premier, fully regulated natural gas utility. Board Chair E. Renae Conley highlighted Sandoval's deep ties to the southwest region and proven leadership as valuable assets for the company's future growth and service excellence initiatives.
Southwest Gas Holdings has announced its third quarter 2025 dividend payment. The company's Board of Directors declared a quarterly cash dividend of $0.62 per share, payable on September 2, 2025, to stockholders of record as of August 15, 2025.
The dividend translates to an annualized rate of $2.48 per share. Southwest Gas has maintained an impressive track record of continuous quarterly dividend payments since its public listing in 1956.
Based in Las Vegas, Nevada, Southwest Gas serves over 2 million customers across Arizona, Nevada, and California through its main subsidiary Southwest Gas Corporation. The company focuses on natural gas distribution and transportation while pursuing sustainable energy solutions. Additionally, it holds a majority stake in Centuri Holdings, which provides utility infrastructure services throughout North America.
Southwest Gas Holdings (NYSE: SWX) has announced it will release its first quarter 2025 financial results before markets open on May 7, 2025. The company will host an earnings conference call and webcast on the same day at 11:00 AM ET.
Investors can access the live webcast through the company's website at www.swgasholdings.com. For those unable to attend the live event, a digital replay will be available by dialing (888) 660-6345 (US) or (646) 517-4150 (International) with replay code 98626#. The replay will be accessible until 4:30 PM ET on May 14, 2025.
Southwest Gas Holdings (NYSE: SWX) reported strong financial results for Q4 and full-year 2024. The company achieved consolidated net income of $92.5M ($1.28 per share) in Q4 and $198.8M ($2.76 per share) for the full year. The utility segment delivered an 8.1% ROE and approximately 8% year-over-year earnings growth.
Key highlights include:
- Utility net income grew to $261.2M in 2024 from $242.2M in 2023
- Added 41,000 new meter sets (1.8% growth rate)
- Achieved full-year utility gross margin of $0.7B and record annual operating margin of $1.3B
- Completed Centuri Holdings IPO in April 2024
- Maintained flat O&M expenses per customer year-over-year
- Invested $859M in capital expenditures, up ~15% from 2023
The company secured regulatory approvals including a $59M annual revenue increase in Nevada with 9.5% ROE. Additional rate cases are pending in Arizona ($126M), Great Basin (~$13M), and California (~$50M).