Southwest Gas Holdings, Inc. filings document the regulatory, financial, governance, and capital-structure disclosures of a NYSE-listed natural gas utility holding company. Current reports furnish operating results, dividend actions, rate-case developments, Great Basin project disclosures, and material corporate events involving Southwest Gas Holdings and Southwest Gas Corporation.
Proxy materials cover board composition, director elections, executive compensation, shareholder voting matters, and governance arrangements. The filing record also includes executive and director transition disclosures, termination of a cooperation agreement with the Icahn Group, common stock registration details, and accounting matters related to deferred income tax liabilities and financial-statement reliance.
Southwest Gas Holdings, Inc. announced a planned leadership transition. Karen S. Haller will resign as President, Chief Executive Officer and director of the holding company and as Chief Executive Officer and director of Southwest Gas Corporation, effective in early May 2026, and will remain as an employee-advisor through December 31, 2026.
Haller will receive a monthly salary of $95,000 during her advisory period, and her existing equity and cash incentive awards will continue to vest. The company states her decision was not due to any disagreement regarding operations, policies or practices.
Justin Lee Brown has been appointed to become President and Chief Executive Officer of the holding company and Chief Executive Officer of Southwest Gas Corporation as of the same effective date. His compensation includes a $900,000 base salary, an annual target cash incentive equal to 110% of salary, and a one-time performance stock unit award targeted at $3.1 million, along with a target long-term equity incentive opportunity equal to 330% of salary beginning in 2027.
Southwest Gas Holdings, Inc. announced a planned leadership transition. Karen S. Haller will resign as President, Chief Executive Officer and director of the holding company and as Chief Executive Officer and director of Southwest Gas Corporation, effective in early May 2026, and will remain as an employee-advisor through December 31, 2026.
Haller will receive a monthly salary of $95,000 during her advisory period, and her existing equity and cash incentive awards will continue to vest. The company states her decision was not due to any disagreement regarding operations, policies or practices.
Justin Lee Brown has been appointed to become President and Chief Executive Officer of the holding company and Chief Executive Officer of Southwest Gas Corporation as of the same effective date. His compensation includes a $900,000 base salary, an annual target cash incentive equal to 110% of salary, and a one-time performance stock unit award targeted at $3.1 million, along with a target long-term equity incentive opportunity equal to 330% of salary beginning in 2027.
Southwest Gas Holdings, Inc. files its annual report describing a streamlined business now focused solely on its regulated Natural Gas Distribution segment after deconsolidating Centuri in August 2025. Through Southwest Gas, it serves about 2.28 million customers across Arizona, Nevada, and California, with 2025 operating margin concentrated in residential and small commercial users at 85%, and transportation contributing 11%.
The report highlights heavy reliance on state regulators for rate-setting, widespread use of decoupling mechanisms to stabilize margin, and planned growth investments, including the Great Basin 2028 expansion project. It notes macro risks such as inflation, higher interest rates, competition from electrification, climate-related policy shifts, and cybersecurity threats.
Financially, the company reports an aggregate non‑affiliate equity market value of about $5.35 billion and 72.27 million common shares outstanding. A key disclosure is a material weakness in internal control over financial reporting tied to state tax apportionment, which required restating certain 2025 interim periods and could affect future reporting if remediation is not effective.
Southwest Gas Holdings, Inc. files its annual report describing a streamlined business now focused solely on its regulated Natural Gas Distribution segment after deconsolidating Centuri in August 2025. Through Southwest Gas, it serves about 2.28 million customers across Arizona, Nevada, and California, with 2025 operating margin concentrated in residential and small commercial users at 85%, and transportation contributing 11%.
The report highlights heavy reliance on state regulators for rate-setting, widespread use of decoupling mechanisms to stabilize margin, and planned growth investments, including the Great Basin 2028 expansion project. It notes macro risks such as inflation, higher interest rates, competition from electrification, climate-related policy shifts, and cybersecurity threats.
Financially, the company reports an aggregate non‑affiliate equity market value of about $5.35 billion and 72.27 million common shares outstanding. A key disclosure is a material weakness in internal control over financial reporting tied to state tax apportionment, which required restating certain 2025 interim periods and could affect future reporting if remediation is not effective.
Southwest Gas Holdings reported stronger 2025 results, driven by its regulated natural gas utility and the completed separation of Centuri. Net income from continuing operations rose to $234.8 million, while adjusted earnings from continuing operations increased to $263.7 million, or $3.65 per diluted share, up from $3.07.
Total net income reached $439.8 million, helped by a $343.1 million gain on the Centuri deconsolidation and sale, with about $1.35 billion of net proceeds used in part to repay a $550 million term loan and revolving credit borrowings. The natural gas distribution segment delivered adjusted ROE of 8.3%, operating margin of $1.44 billion, and about $855 million of 2025 capital spending.
The board approved a 4% increase in the quarterly dividend to $0.645 per share starting in the second quarter of 2026, or $2.58 annually. Management introduced 2026 EPS guidance of $4.17–$4.32 from continuing operations and a 12–14% EPS CAGR target through 2030, supported by planned $6.3 billion of 2026–2030 capital expenditures and the potential $1.7 billion Great Basin 2028 expansion.
Southwest Gas Holdings reported stronger 2025 results, driven by its regulated natural gas utility and the completed separation of Centuri. Net income from continuing operations rose to $234.8 million, while adjusted earnings from continuing operations increased to $263.7 million, or $3.65 per diluted share, up from $3.07.
Total net income reached $439.8 million, helped by a $343.1 million gain on the Centuri deconsolidation and sale, with about $1.35 billion of net proceeds used in part to repay a $550 million term loan and revolving credit borrowings. The natural gas distribution segment delivered adjusted ROE of 8.3%, operating margin of $1.44 billion, and about $855 million of 2025 capital spending.
The board approved a 4% increase in the quarterly dividend to $0.645 per share starting in the second quarter of 2026, or $2.58 annually. Management introduced 2026 EPS guidance of $4.17–$4.32 from continuing operations and a 12–14% EPS CAGR target through 2030, supported by planned $6.3 billion of 2026–2030 capital expenditures and the potential $1.7 billion Great Basin 2028 expansion.
Southwest Gas Holdings, Inc. reported that SVP/Chief Administrative Officer Gabe Randall P. received equity awards of company common stock on February 19, 2026. He acquired 2,340.236 shares and 5,768.600 shares through grants at no cash price, increasing his direct ownership to 26,325.340 shares. The filing also reports 1,197.987 shares held indirectly through a 401(k) plan. Footnotes explain that certain awards are restricted stock units vesting 40%, 30%, 30% annually with continued service, and that performance stock units are delivered three years after grant if performance goals are met.
Southwest Gas Holdings director Andrew W. Evans reported an equity award of 1,725.574 shares of common stock on February 19, 2026. The grant was recorded at a price of $0.00 per share, reflecting a stock-based award rather than an open-market purchase.
After this award, Evans directly held a total of 10,045.902 shares of Southwest Gas Holdings common stock. This balance includes 215.249 shares that were previously acquired through exempt dividend reinvestment transactions, as noted in the filing footnote.
Southwest Gas Holdings director Jane Lewis-Raymond reported an equity award of 1,725.574 shares of common stock on February 19, 2026. The shares were acquired as a grant with no cash price per share, increasing her directly held stake to 17,474.344 shares, which includes 497.053 shares from dividend reinvestment transactions. In addition, 1,500 shares are held indirectly by a family trust in which she serves as a trustee.
Southwest Gas Holdings, Inc. senior vice president Amy L. Timperley reported awards of common stock tied to equity compensation. On February 19, 2026, she acquired 2,823.991 shares in a grant described as restricted stock units that vest over three years, and 4,323.096 shares from settled performance stock units delivered after meeting performance goals. These awards were recorded at a price of $0.00 per share and are classified as direct ownership, alongside additional indirect holdings in a 401(k) plan.
Linginfelter Henry P reported acquisition or exercise transactions in this Form 4 filing.
Southwest Gas Holdings director Henry P. Linginfelter received a grant of 1,725.574 shares of common stock on February 19, 2026. The shares were awarded at no cash cost as a grant, increasing his directly held stake to 10,045.902 shares. A portion of this balance, 215.249 shares, was accumulated through exempt dividend reinvestment transactions.
Southwest Gas Holdings, Inc. reported that VP/Controller/CAO Fabio A. Pineda acquired 1,213.852 shares of common stock through a grant or award of restricted stock units on February 19, 2026, at a stated price of $0.00 per share.
After this award, Pineda directly owns 2,417.390 shares of common stock. Each restricted stock unit represents a contingent right to receive one share of Southwest Gas common stock and vests in three annual installments of 40%, 30%, and 30%, assuming continued service.
Southwest Gas Holdings, Inc. director Anne L. Mariucci reported receiving a grant of 1,725.574 shares of Common Stock on February 19, 2026 in a stock award transaction. The shares were acquired at a stated price of $0.0000 per share, increasing her direct holdings to 50,100.063 shares. A footnote states this balance includes 1,123.038 shares previously acquired through exempt dividend reinvestment transactions.