secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K/A
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001193125-25-181348
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Gas deconsolidates Centuri after selling 18.8M shares; retains 30.9% equity stake
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000119312525181348/0001193125-25-181348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692115/000119312525181348/d21923d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-181348

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