{"filings":[{"id":15362,"accession_number":"0001692115-26-000090","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2026-05-11T21:17:16+00:00","items":["5.07"],"status":"ready","headline":"Southwest Gas Holdings shareholders elect 11 directors, approve advisory comp, ratify auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Approximately 64.89M shares represented at May 7, 2026 annual meeting.","All 11 director nominees elected; each received over 60.9M votes for (range 60.97M to 61.36M).","Advisory vote on executive compensation approved: 60.02M For, 1.39M Against, 123K Abstain.","Ratification of PwC as 2026 independent auditor passed: 63.69M For, 1.13M Against, 70K Abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94731,"accession_number":"0001692115-26-000086","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas Q1 EPS $1.91 from cont ops; files $172M in rate cases; Great Basin oversubscribed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income from cont ops $138.4M ($1.91 diluted EPS) vs $134.3M ($1.86) in prior year; affirmed FY 2026 guidance.","Filed Arizona rate case requesting $101M revenue increase (expected Apr 2027) and Nevada case $71M (expected Oct 2026).","Great Basin open season received expressions of interest for 2.5 Bcf/d, significantly oversubscribing 0.3 Bcf/d capacity; base capital $1.7B unchanged.","Quarterly dividend raised 4% to $0.645 per share; cash on hand $484.8M, liquidity ~$1.2B.","Utility ROE 8.5% for twelve months ended March 2026; delayed California rate case decision temporarily impacted Q1."],"consensus_eps_estimate":2.1214,"consensus_eps_actual":1.91,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2026-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107325,"accession_number":"0001692115-26-000060","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas Holdings FY 2025 adjusted utility net income $284M, top of guidance; dividend raised 4%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY 2025 GAAP net income $440M ($6.08 diluted EPS); from continuing ops $235M ($3.25 EPS).","Adjusted net income from continuing ops $264M ($3.65 diluted EPS); utility segment $284M, up ~8.7% YoY.","Regular quarterly dividend increased 4% to $0.645/share ($2.58 annual); board approved 2Q 2026 start.","S&P upgraded Southwest Gas Corp to BBB+; utility 2025 FFO/debt 18.6%.","Plans to file AZ rate case this week, NV next month, seeking formula ratemaking; initiated 2026+ EPS/rate base guidance."],"consensus_eps_estimate":1.3526,"consensus_eps_actual":6.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-FY","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107324,"accession_number":"0001193125-26-071537","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Southwest Gas Holdings CEO Karen Haller to resign; Justin Lee Brown named successor effective May 8, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Karen Haller resigns effective May 8, 2026; will serve as advisor through Dec 31, 2026 at $95,000/month.","Justin Lee Brown appointed President and CEO effective May 8, 2026; also nominated to the Board.","New CEO compensation: $900k base salary, 110% target cash incentive, $3.1M one-time PSU award, 330% LTIP target from 2027.","Haller's resignation is not due to any disagreement with the Companies' operations, policies, or practices.","Brown will also become CEO of Southwest Gas Corporation and will be appointed to its board."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107323,"accession_number":"0001193125-26-047540","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2026-02-12T23:59:59+00:00","items":["1.02"],"status":"ready","headline":"Southwest Gas Holdings and Icahn Group Mutually Terminate Cooperation Agreement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On Feb 11, 2026, Southwest Gas Holdings and the Icahn Group mutually terminated their Amended and Restated Cooperation Agreement dated Oct 14, 2025.","All rights and obligations under the agreement are terminated and the agreement has no further force or effect.","Directors Andrew W. Evans, Henry P. Linginfelter, and Ruby Sharma will remain on the board of directors.","The company expects to renominate these directors at the 2026 annual meeting of stockholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107322,"accession_number":"0001193125-26-045442","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2026-02-11T23:59:59+00:00","items":["5.02","7.01"],"status":"ready","headline":"Director Anne Mariucci to retire from Southwest Gas board at 2026 annual meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Anne L. Mariucci will not stand for re-election and will retire at the conclusion of the 2026 Annual Meeting.","She served nearly 20 years on the board, including as Chair of the Strategic Transactions Committee.","Company states there are no disagreements with Mariucci regarding operations, policies, or practices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107321,"accession_number":"0001692115-26-000004","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2026-01-09T23:59:59+00:00","items":["4.02","2.02","7.01"],"status":"ready","headline":"Southwest Gas restates interim 2025 financials due to $35M deferred tax error; non-reliance issued","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Income tax expense understated by $27M for Q2 2025 and $8M for Q3 2025; net income reduced accordingly.","Audit committee concludes Q2 and Q3 2025 interim statements should no longer be relied upon.","Company expects material weakness in internal controls and ineffective disclosure controls.","Errors caused by failure to update state apportionment rates following Centuri share sales in May and Aug 2025.","Reaffirms 2025 net income guidance; no impact on cash flows, credit metrics, or debt covenants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107320,"accession_number":"0001193125-26-000920","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2026-01-02T23:59:59+00:00","items":["5.02","7.01"],"status":"ready","headline":"Director Andrew Teno resigns from Southwest Gas board; Board reduces to 10 members","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Andrew Teno resigned effective Dec 31, 2025; no disagreement with company.","Teno was an Icahn Group designee under cooperation agreement dated Oct 14, 2025.","Icahn Group does not intend to appoint a replacement; Board size drops from 11 to 10.","Ruby Sharma to replace Teno on Strategic Transactions Committee; Comp Committee seat vacant."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123684,"accession_number":"0001193125-25-300528","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-11-26T23:59:59+00:00","items":["1.01","5.02","8.01","9.01"],"status":"ready","headline":"Southwest Gas appoints Justin Forsberg as SVP/CFO; enters registration rights agreement with Icahn","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Justin Forsberg named SVP/CFO effective Dec 1, 2025; previously VP/Investor Relations and Treasurer.","Forsberg salary increased to $500,000; eligible for cash and equity incentives.","Company entered Registration Rights Agreement with Icahn Group granting shelf, underwritten, and piggyback registration rights.","Resale prospectus supplement filed to register shares held by Icahn Group; company will not receive proceeds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123683,"accession_number":"0001692115-25-000147","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SWX Q3 continuing ops EPS $0.06; net income $270.5M; Centuri separation complete","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 2025 continuing ops net income $4.2M (EPS $0.06) vs loss $(9.2M) in Q3 2024.","Nine-month 2025 continuing ops net income $165.0M (EPS $2.28) vs $134.1M (EPS $1.87) YoY.","Completed full separation of Centuri via two sell-downs generating ~$879M net proceeds; repaid term loan and bank debt.","S&P upgraded SWX and SWG senior unsecured debt ratings to BBB+ with stable outlook.","Expects 2025 net income toward top end of guidance; plans to file AZ and NV rate cases early 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":5.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123682,"accession_number":"0001193125-25-266887","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CFO Robert J. Stefani to depart Southwest Gas effective Dec 1, 2025; search initiated","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert J. Stefani steps down as SVP/CFO of Southwest Gas Holdings and Southwest Gas Corp, effective Dec 1, 2025 or earlier.","Separation agreement provides $1,568,400 in cash payments and prorated vesting of performance-based RSUs.","Departure is not due to disagreements on accounting, financial disclosure, or internal controls.","Board has launched an internal and external search for a successor; Stefani will remain in role until separation date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123681,"accession_number":"0001193125-25-239100","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-10-14T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Southwest Gas enters amended cooperation agreement with Icahn Group; extends standstill through 2026 meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company will nominate four Icahn designees (Evans, Linginfelter, Sharma, Teno) for election at 2026 annual meeting.","Standstill restrictions extended to later of 2026 annual meeting or Teno's board departure (with certain exceptions).","Board size capped at 11 without majority approval of Icahn designees; Strategic Transactions Committee includes three Icahn designees.","Acquisitions above $500M require committee approval; deadlocks resolved by Board or stockholder vote.","Provisions for potential Centuri spinoff: no Icahn Restricted Persons on Centuri board; pro rata distribution to Icahn Group."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140370,"accession_number":"0001193125-25-197209","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-09-05T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Southwest Gas sells entire 27.4M share Centuri stake for ~$524.8M net proceeds","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 27,362,210 shares of Centuri common stock at $19.60 per share.","Net proceeds of approximately $524.8 million after underwriter discount and commissions.","As of September 5, 2025, no longer owns any Centuri shares; loses governance and director nomination rights.","Centuri did not receive any proceeds from the sale."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140363,"accession_number":"0001193125-25-181348","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K/A","filed_at":"2025-08-15T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Southwest Gas deconsolidates Centuri after selling 18.8M shares; retains 30.9% equity stake","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net proceeds of $353.9M from August 2025 secondary offering and private placement of Centuri common stock.","Remaining 30.9% interest in Centuri will be accounted for as equity method investment; Centuri results classified as discontinued ops.","Pro forma H1 2025 diluted EPS from continuing ops rises to $2.24 from $1.40, reflecting deconsolidation.","Estimated pre-tax deconsolidation gain of $378.1M; after-tax gain of $287.4M to be recorded in Q3 2025.","Pro forma total assets drop to $10.59B from $12.21B; long-term debt reduced by $890.6M to $3.96B."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140369,"accession_number":"0001193125-25-178542","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-08-12T23:59:59+00:00","items":["1.01","2.01","9.01"],"status":"ready","headline":"Southwest Gas Holdings sells 17.25M Centuri shares for ~$356M, deconsolidates Centuri","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sold 15M Centuri shares at $19.50 per share to underwriters; underwriters exercised option for additional 2.25M shares.","Concurrent private placement sold 1.5735M Centuri shares to Icahn-affiliated entities at same $19.50 price.","Net proceeds to Southwest Gas were ~$356M ($325M from offering + $31M private placement), earmarked for debt repayment and general corporate purposes.","After closing, Southwest Gas holds 30.9% of Centuri, losing controlling interest; Centuri financials will be deconsolidated and accounted for under equity method.","Centuri received none of the proceeds from either sale; all proceeds went to Southwest Gas."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140368,"accession_number":"0001692115-25-000139","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas Q2 GAAP net loss of $12.9M; adjusted EPS $0.53 improves; reaffirms guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss of $12.9M ($0.18 loss per share) vs. net income of $18.3M ($0.25) a year ago.","Adjusted net income of $38.6M ($0.53 per diluted share) vs. $22.5M ($0.31) in Q2 2024.","Arizona capital tracker approved; Nevada SB 417 enabling alternative ratemaking signed.","CTRI follow-on offerings reduced debt by >$470M; SWX ownership of Centuri now ~52%.","Great Basin 2028 Expansion binding open season demand increased to ~1.76 Bcf/d from 1.25 Bcf."],"consensus_eps_estimate":null,"consensus_eps_actual":1.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140367,"accession_number":"0001692115-25-000131","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-07-09T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Southwest Gas appoints Fabio Pineda as VP/Controller/CAO effective July 17","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Fabio A. Pineda appointed VP/Controller/CAO effective July 17, 2025; previously Assistant Controller at Sempra.","Annual salary $340,000; cash signing bonus $350,000 paid over two years in equal installments.","Will receive time-based RSUs and performance stock units on terms similar to other officers.","Robert J. Stefani transitions out of Controller role but remains SVP/CFO; transition not due to any disagreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140366,"accession_number":"0001193125-25-156595","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-07-08T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Southwest Gas sells 1.06M Centuri shares to Icahn investors for ~$22M net","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 1,060,240 Centuri shares at $20.75/share in a private placement to Icahn entities.","Net proceeds to Southwest Gas were approximately $22 million; Centuri received none.","After closing, Southwest Gas owns 46,185,710 Centuri shares, representing about 52.1% of outstanding.","Sale occurred under a June 13, 2025 purchase agreement; shares exempt from registration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140365,"accession_number":"0001193125-25-154999","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-07-02T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Southwest Gas Corp. amends revolving credit agreement to add swingline sub-facility and new SOFR interest period","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["First Amendment adds a swingline subfacility to the $400M revolving credit facility dated Aug 1, 2024.","New one-week interest period option added, with rate equal to Daily Simple SOFR + 0.03839% + applicable margin.","Borrower, lenders, and Bank of America (as Administrative Agent) executed the amendment effective June 27, 2025.","No change to credit commitment amount or maturity term."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140364,"accession_number":"0001193125-25-154995","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-07-02T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Southwest Gas amends term loan to $225M, extends maturity to 2026; signs new $300M revolver","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amended Term Loan reduced from $550M to $225M; maturity extended to June 26, 2026; portion prepaid at closing.","New $300M Revolving Credit Agreement matures August 1, 2029, replacing prior $300M facility; $35M drawn as of July 1, 2025.","Revolver interest: SOFR + 0.75%-1.50% or base rate + 0%-0.50%; commitment fee 0.075%-0.200% based on debt rating.","Centuri Holdings excluded from certain material representations, covenants, and events of default in both agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158019,"accession_number":"0001193125-25-142730","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Southwest Gas sells 11.2M Centuri shares for $225M net; enters private placement with Icahn","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 11,212,500 Centuri shares at $20.75/share via underwritten offering, net proceeds ~$225M.","Agreed to sell 1,060,240 additional Centuri shares to Icahn entities at same price for ~$22M, pending HSR clearance.","Ownership in Centuri drops to 53.3% after offering; ~52.1% if private placement closes.","Proceeds from both transactions will be used to repay outstanding indebtedness."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158018,"accession_number":"0001692115-25-000125","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-06-06T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Great Basin Expansion Project binding open season closed; estimated $800M-$1.2B capex","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Great Basin closed binding open season for 2028 Expansion Project; incremental capacity of ~1.25 Bcf/d.","Estimated capital investment of $800M to $1.2B, subject to FERC approval and execution of binding precedent agreements.","Minimum 20-year transportation agreements with estimated rate $14-$17/Dth/month.","Open season extended due to strong shipper demand; final precedent agreements expected Q3 2025.","Project not reflected in 2025 guidance; no guidance update at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158017,"accession_number":"0001692115-25-000122","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-06-03T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Southwest Gas Controller Lori Colvin retiring June 1; CFO Stefani interim Controller","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lori L. Colvin, VP/Controller/CAO, retiring effective June 1, 2025.","CFO Robert J. Stefani, 51, appointed interim Controller and principal accounting officer as of June 1, 2025.","Company continues nationwide search for a permanent Controller; Stefani's appointment terminates upon hiring.","No additional compensation or salary adjustment for Stefani in connection with the role."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158016,"accession_number":"0001193125-25-125112","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-05-22T23:59:59+00:00","items":["1.01","1.02","3.03","9.01"],"status":"ready","headline":"SWX sells 11.9M Centuri shares for $225M, ends spin-off rights plan","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 9M Centuri shares at $17.50 via underwritten offering; net proceeds ~$175M.","Concurrent private placement of 2.86M Centuri shares to Icahn entities; net ~$50M.","Proceeds of ~$225M used for debt repayment; Centuri received no proceeds.","Board terminates Tax-Free Spin Protection Plan; no longer pursuing tax-free Centuri spin-off.","Underwriters have 30-day option to purchase up to 1.35M additional Centuri shares at $17.50."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158015,"accession_number":"0001692115-25-000117","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-05-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas Q1 net income $113.9M ($1.58 EPS), up 30% YoY; reaffirms guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $113.9M vs $87.7M in Q1 2024; diluted EPS $1.58 vs $1.22.","Adjusted net income $119.4M ($1.65 adjusted EPS) vs $98.5M ($1.37) YoY.","Natural gas distribution contributed $142.9M vs $135.8M; utility infrastructure lost $20.0M.","Arizona rate case approved ~$80.2M annual revenue increase; settlement on system integrity mechanism filed.","Company reaffirms 2025 guidance; continues evaluating Centuri separation options."],"consensus_eps_estimate":null,"consensus_eps_actual":1.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158014,"accession_number":"0001692115-25-000107","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-05-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Southwest Gas Holdings stockholders elect all 11 director nominees at May 1 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 11 director nominees elected with 94-99% of votes cast (excluding broker non-votes).","Advisory vote on executive compensation approved: 88.6% for vs. 11.1% against.","Ratification of PricewaterhouseCoopers as 2025 auditor approved: 98.1% of votes cast.","Approximately 65.9 million shares represented at the meeting (outstanding shares not stated).","Broker non-votes on director elections and compensation: 2,967,775 shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176407,"accession_number":"0001193125-25-053898","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-03-13T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"VP/CAO Lori Colvin to retire from Southwest Gas Holdings effective June 1, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lori Colvin, VP/Controller/Chief Accounting Officer, will retire effective June 1, 2025.","Retirement is not due to any disagreement with the Company on operations, policies, or procedures.","No successor has been identified as of the filing date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176406,"accession_number":"0001692115-25-000080","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas reports Q4 adj EPS $1.39; initiates 2025 utility net income guidance $265-275M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2024 net income $92.5M ($1.28 EPS); adjusted $100.1M ($1.39 EPS).","Full-year utility net income $261.2M (+8% YoY); ROE 8.1%.","2025 utility net income guidance $265-275M, capex ~$880M; 5-year CAGR 6-8%.","Centuri full-year revenue down 9% to $2.6B; net loss $13.1M vs income $19.7M.","Company retains 81% of Centuri; committed to full separation via sale/exchange/distribution."],"consensus_eps_estimate":null,"consensus_eps_actual":2.76,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176405,"accession_number":"0001692115-25-000075","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2025-02-25T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Southwest Gas CEO granted 25,456 special PSUs with two-year performance goals","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["CEO Karen S. Haller receives 25,456 target PSUs valued at ~$1.8M (based on 2024 closing price).","PSUs vest Dec 31, 2026 based on cumulative adjusted EPS & Southwest Gas Corp adjusted net income.","Earned units range 0%-172.5% of target; TSR relative to peer index adds up to 15% modifier.","Accelerated vesting on death, disability, retirement, involuntary job elimination, or change-in-control termination.","Award granted under 2024 Omnibus Incentive Plan with dividend equivalents and standard forfeiture provisions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193261,"accession_number":"0001692115-24-000112","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-11-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas Q3 adj EPS $0.09; utility net income up $3.8M YoY; expects top-half guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated net income $0.3M ($0.00 EPS); adjusted net income $6.8M ($0.09) vs $12.6M ($0.17) YoY.","Utility net income $0.6M vs $(3.3)M YoY; YTD utility earnings up 9%; expects full-year net income in top half of guidance.","No equity issuance expected in 2024; ended Q3 with >$450M cash; extended $550M term loan to July 2025 at lower spread.","Filed California rate case in Q3; advancing Arizona rate case; Nevada rate case margin improvement continues.","Non-GAAP adjustments primarily amortization of intangible assets at Centuri."],"consensus_eps_estimate":null,"consensus_eps_actual":1.48,"consensus_revenue_estimate":null,"consensus_revenue_actual":3842308000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193260,"accession_number":"0001193125-24-237589","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-10-15T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Southwest Gas amends cooperation pact with Icahn; nominates four Icahn designees for 2025 meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company and Icahn Group entered Amended and Restated Cooperation Agreement on Oct 15, 2024, replacing Nov 2023 agreement.","Company will nominate Andrew W. Evans, Henry P. Linginfelter, Ruby Sharma, and Andrew J. Teno for election at 2025 annual meeting.","Standstill restrictions remain until later of 2025 annual meeting or Teno leaves board or 30 days before 2026 meeting, with auto termination if certain former directors reappointed.","Strategic Transactions Committee includes at least two Icahn designees; approval required for acquisitions over $500M individually or $1B aggregate.","Agreement provides for potential spinoff of Centuri with governance arrangements and limits on board appointments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209622,"accession_number":"0001692115-24-000097","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas Q2 utility net income up 44.5%; raises utility guidance to $233-243M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated Q2 net income $18.3M ($0.25 EPS) vs $28.9M ($0.40 EPS) YoY; adjusted EPS $0.31 vs $0.54.","Utility net income $27.6M, up 44.5% from $19.1M in Q2 2023, driven by Nevada rate case and cost control.","Full-year 2024 utility net income guidance raised by $5M to $233-243 million.","Centuri IPO net proceeds ~$328M used to reduce Centuri debt; Southwest Gas retains ~81% ownership.","Ended quarter with ~$600M cash; expects very limited capital markets needs through end of 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":1.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":2763124000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209621,"accession_number":"0001193125-24-194483","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Southwest Gas Holdings launches $340M ATM equity offering program","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Entered Equity Distribution Agreement with J.P. Morgan and Wells Fargo as sales agents for ATM program.","May sell up to $340M of common stock; amount carried forward from prior program.","Agents receive 1.0% commission on gross sales price; sales executed on NYSE as at-the-market offerings.","Company may suspend or terminate program at any time; no obligation to sell any shares.","Shares offered under shelf registration statement effective November 28, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209620,"accession_number":"0001193125-24-193888","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-08-05T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SWX extends term loan to July 2025, reduces margin; new $400M revolver matures 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amended Term Loan: maturity extended to July 31, 2025; margin reduced to 1.125% (SOFR) and 0.1125% (base rate).","New $400M Revolving Credit Agreement for Southwest Gas Corp., maturing Aug 1, 2029, replacing prior facility expiring Apr 2025.","Revolver interest margins range from 0.750%–1.500% (SOFR) based on credit rating; financial covenant limits funded debt/total capitalization to 0.70:1.","Agreements entered Aug 1, 2024; JPMorgan, Bank of America serve as administrative agents."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227733,"accession_number":"0001692115-24-000084","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-05-14T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Southwest Gas releases 10-year statistical summary for natural gas distribution segment","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["2023 net income of $150.9M vs. loss of $203.3M in 2022; EPS $2.13 diluted.","Gas distribution operating margin $1.25B in 2023, up from $1.15B in 2022.","Customer count 2.23M at Dec 2023, annual growth 1.4%.","Total 2023 system throughput 226.6M dekatherms vs. 222.4M in 2022.","2023 dividend $2.48/share unchanged from 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227732,"accession_number":"0001692115-24-000078","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas Q1 net income $87.7M ($1.22 EPS); affirms guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $87.7M ($1.22 diluted EPS); adjusted net income $98.5M ($1.37 adjusted EPS).","Utility net income $135.8M, up from $134.7M YoY; corporate expenses include $11M interest and $2.7M separation costs.","Centuri IPO completed in April; net proceeds $329.3M used to repay Centuri debt; post-IPO owns ~81%.","Nevada rate case positive outcome; expects to benefit from refreshed rates in Q2.","Affirms 2024 utility net income toward upper half of range; O&M flat YoY."],"consensus_eps_estimate":null,"consensus_eps_actual":1.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":1580956000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227731,"accession_number":"0001692115-24-000074","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-05-07T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Southwest Gas shareholders approve all proposals including spin protection plan and incentive plan","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 11 director nominees elected; Andrew J. Teno received highest withhold at 6.6M shares.","Advisory vote on executive compensation passed with 61M for, 973K against.","2024 Omnibus Incentive Plan approved (60M for, 2.2M against).","Tax-Free Spin Protection Plan approved with 46M for, 5.1M against, 11.2M abstentions.","Ratification of PwC as auditor for FY2024: 64.3M for, 1.1M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.15,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227730,"accession_number":"0001193125-24-133275","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-05-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"SWX stockholders approve 2024 Omnibus Incentive Plan; PSU grants to CEO, CFO, and President","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved 2024 Omnibus Incentive Plan on May 2, 2024, enabling equity grants to officers and directors.","CEO Karen Haller received 53,039 PSUs: 25% vested immediately (Centuri IPO), 75% upon sale/disposition below 20% Centuri ownership.","CFO Robert Stefani received 15,785 PSUs: 25% vested immediately (Centuri IPO), 75% upon sale/disposition of Centuri.","Justin Brown (Pres of Southwest Gas Corp) received 15,785 PSUs vesting 50% Feb 22, 2025 and 50% Feb 22, 2026, subject to performance objectives.","Awards contingent on stockholder approval of the 2024 Plan and grant-specific terms set by Compensation Committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227729,"accession_number":"0001193125-24-099073","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-04-17T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Southwest Gas Holdings signs separation agreement for Centuri IPO; roadshow started April 8, closing expected April 22","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Separation, Tax Matters, and Registration Rights Agreements executed April 11, 2024, governing asset/liability split and IPO terms.","Centuri IPO roadshow commenced April 8; closing expected April 22, 2024, subject to customary conditions.","Southwest will retain at least 80.1% of Centuri common stock after the IPO.","Southwest may later distribute, sell, or hold its retained Centuri shares; any distribution would aim for tax-free treatment under Section 355.","Centuri Board representation, information rights, and indemnification obligations (potentially uncapped) established for Southwest post-IPO."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246540,"accession_number":"0001193125-24-075301","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-03-22T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Southwest Gas subsidiary Centuri amends credit facility to increase leverage covenants for Q1-Q3 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Max total net leverage ratio raised to 5.75x for Q1 2024, 6.00x for Q2 2024, 5.75x for Q3 2024.","Interest coverage ratio floor lowered to 2.00x for Q1 through Q4 2024; reverts to 2.50x thereafter.","Additional leverage covenant cushion available if Centuri completes a Qualified IPO ≥$100M before March 2025.","Amendment provides significant covenant headroom, suggesting higher near-term leverage expectations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246539,"accession_number":"0001692115-24-000037","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2024-02-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas reports FY2023 adj. EPS $3.36 (+12% YoY); guides 2024 utility net income $228-238M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2023 consolidated net income $72.9M ($1.01 diluted EPS); adjusted net income $81.2M ($1.13 diluted EPS).","Full-year 2023 adjusted net income $238.4M ($3.36 diluted EPS) vs $196.6M ($3.00 diluted EPS) in 2022.","Utility segment net income $242.2M in 2023, up from $154.4M in 2022; 2024 guidance $228-238M.","Centuri FY2023 revenue $2.9B (+5%), adjusted EBITDA $283M (+24%); IPO separation on track with confidential S-1 filed.","Initiated 2024-2026 utility adj. net income CAGR 10-12%, rate base CAGR 6.5-7.5%; 2024 capex ~$830M."],"consensus_eps_estimate":null,"consensus_eps_actual":2.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":5433972000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263958,"accession_number":"0001193125-23-301818","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-12-22T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Southwest Gas appoints Bill Fehrman as Centuri CEO; IPO planned for 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["William J. Fehrman appointed President and CEO of Centuri, effective January 12, 2024.","Fehrman succeeds Paul Daily, who retired; Daily will assist with transition.","Fehrman previously served as President and CEO of Berkshire Hathaway Energy (2018-2023).","Appointment supports planned IPO of Centuri Holdings in spring/summer 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263957,"accession_number":"0001193125-23-296629","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-12-15T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Southwest Gas Centuri CEO Paul Daily to retire; transition agreement provides $2.2M retention bonus","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Paul Daily, President/CEO of Centuri (SWX sub), to retire in 2024; transition separation agreement signed.","Daily eligible for $2.2M retention bonus if he stays through transition or qualifies; COBRA extension included.","During transition: salary $810k, auto allowance $31.2k, target STI 110% ($891k), LTI 225% ($1.82M).","Legal fees up to $15k reimbursed; reaffirms confidentiality, non-compete, and non-solicitation obligations.","If termination after Dec 31, 2024, 2024 STI guaranteed at target ($891k), prorated LTI vesting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263956,"accession_number":"0001193125-23-284350","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-11-28T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Southwest Gas files prospectus supplement for Dividend Reinvestment Plan shares","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["On Nov 28, 2023, filed a prospectus supplement to existing S-3 registration for common stock under its Dividend Reinvestment and Direct Stock Purchase Plan.","Legal opinion (Exhibit 5.1) on share legality included; no new business or financial updates disclosed.","The filing is a routine administrative step to ensure shares can be issued under the plan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263955,"accession_number":"0001193125-23-283402","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-11-27T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Southwest Gas enters amended cooperation agreement with Icahn Group, extends standstill through 2024 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company agrees to nominate Icahn designees Andrew Evans, Henry Linginfelter, Ruby Sharma, and Andrew Teno for 2024 annual meeting.","Standstill restrictions on Icahn Group extended until later of 2024 annual meeting or Teno's board departure, with auto-termination if former director reappointed without Icahn designee approval.","Record date for 2024 annual meeting set within 30 days of March 6, 2024.","Strategic Transactions Committee to include three Icahn designees; board size fixed at 11 directors.","Agreement limits board committee formation and requires majority approval of Icahn designees for certain actions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263954,"accession_number":"0001193125-23-283389","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-11-27T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Centuri CEO Paul Daily to retire in 2024; successor search launched","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Centuri CEO Paul Daily plans to retire in 2024 once successor is appointed; no disagreement with company.","Southwest Gas retains leading search firm to find next Centuri CEO, considering internal and external candidates.","Daily has led Centuri for 8 years, tripling the size and expanding services; will assist transition.","Company reaffirms Southwest Gas and Centuri financial guidance; Centuri separation process ongoing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263953,"accession_number":"0001193125-23-277885","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-11-15T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Southwest Gas subsidiary Centuri amends credit facility covenants for 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Interest coverage ratio minimum reduced to 2.00:1.00 for Q1–Q4 2024 from 2.50:1.00.","Net leverage ratio maximum increased to 5.50:1.00 for Q1–Q3 2024 and 5.00:1.00 for Q4 2024.","If Centuri completes a Qualified IPO before March 2025, leverage covenant adjusts based on proceeds.","Amendment effective Nov 13, 2023; other terms of credit facility unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263952,"accession_number":"0001692115-23-000141","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-11-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Southwest Gas Q3 2023: EPS $0.04 vs -$0.18; raises utility net income and capex guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated net earnings $0.04 diluted EPS vs net loss $0.18 in Q3 2022; adjusted EPS $0.10 vs -$0.05.","Utility segment seasonal net loss improved to $3.3M from $22.2M; operating margin hit record $1.2B (12 months).","Utility 2023 net income guidance raised to $215-225M (from $205-215M); capex raised to $720-740M.","Centuri Q3 net income $18M (+$4M YoY); record Q3 revenue $775M; confidentially submitted draft S-1 for IPO.","Filed Nevada rate case seeking ~$70M revenue increase; anticipating AZ rate case filing in Q1 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.91,"consensus_revenue_estimate":null,"consensus_revenue_actual":5487333000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263951,"accession_number":"0001193125-23-270893","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-11-06T23:59:59+00:00","items":["1.01","3.03","5.03","7.01","9.01"],"status":"ready","headline":"Southwest Gas adopts tax-free spin protection plan for Centuri; IRS declines to rule on tax questions","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board declared dividend of one preferred stock purchase right per common share, payable Nov 17, 2023.","Rights trigger if a person acquires 4.9% (9.9% passive, 24.9% Icahn) without Board approval.","IRS declined to rule on tax-free spin-off; Company exploring taxable alternatives using $932.8M NOL.","Plan expires after 2024 annual meeting unless ratified; else 2 years after spin consummation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263950,"accession_number":"0001193125-23-262990","cik":1692115,"company_name":"Southwest Gas Holdings, Inc.","ticker":"SWX","form_type":"8-K","filed_at":"2023-10-25T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Southwest Gas amends bylaws to set Dec 22, 2023 shareholder proposal deadline, extending Icahn pact","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board adopted Bylaw Amendment on October 20, 2023, effective immediately.","Stockholder proposal deadline for 2024 Annual Meeting set as close of business on December 22, 2023.","Amendment extends Amended and Restated Cooperation Agreement with Carl C. Icahn by 30 days.","Cooperation Agreement terminates 30 days prior to the shareholder nomination deadline for the 2024 Annual Meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6320498046.557761,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-10-25T23:59:59+00:00|263950"}