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.
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On March 8, 2023, Southwest Gas Holdings (NYSE: SWX) announced the pricing of a public offering of 3,576,180 shares of common stock at $60.12 per share, aimed to raise approximately $207.7 million in net proceeds. The offering is set to close on March 10, 2023 and includes a 30-day option for underwriters to purchase an additional 536,427 shares. Proceeds will be used to repay borrowings from its credit facility related to the acquisition of MountainWest Pipelines, as well as for working capital and general corporate purposes.
On March 7, 2023, Southwest Gas Holdings, Inc. (NYSE: SWX) announced a public offering of $215 million in common stock, with an option for underwriters to purchase an additional $32.25 million within 30 days. The funds will be utilized to repay borrowings from its credit facility and a 364-day term loan from November 2021 related to the acquisition of MountainWest Pipelines. The company aims to support working capital and general corporate purposes. J.P. Morgan and BofA Securities are joint book-running managers for the offering, which is registered under a shelf registration statement filed with the SEC.