---
schema_version: "secwatch.filing_event.v1"
accession: "0001692115-22-000033"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:31:16.305063+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SWX reports Q3 net loss of $0.18/diluted share; guides for lower Centuri EBITDA margins

## Summary
- Consolidated net loss of $12.3M ($0.18 per diluted share); adjusted net loss of $3.3M ($0.05 per diluted share).
- Natural gas distribution net loss improved to $22.2M from $27.5M loss; record 12-month operating margin of $1.1B.
- Utility infrastructure revenue up 20% to $758M, but net income fell to $14.3M from $18.5M on inflation and supply-chain issues.
- Centuri 2022 EBITDA margin guidance cut to 8-8.5% from 10-11%; 2023 margin guidance lowered to 9.5-11%.
- MountainWest contributed $12.3M net income; incremental growth investments target raised to over $200M through 2025.

## SEC filing metadata
- accession: 0001692115-22-000033
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000169211522000033/0001692115-22-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92416/000169211522000033/swx-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692115-22-000033
- JSON: https://secwatch.observer/filing/0001692115-22-000033.json
- Plain text: https://secwatch.observer/filing/0001692115-22-000033.txt

## Key facts
- Earnings Releases
  Southwest Gas Holdings, Inc. reported the quarter, nine months, and twelve months ended September 30, 2022 results: net income Consolidated net loss of $12.3 million (and adjusted consolidated net loss of $3.3 million) for the third quarter of 202, EPS Consolidated net loss of $0.18 per diluted share (and adjusted consolidated net loss of $0.05 per diluted share) for the.
  - Period: the quarter, nine months, and twelve months ended September 30, 2022
  - Net income: Consolidated net loss of $12.3 million (and adjusted consolidated net loss of $3.3 million) for the third quarter of 202
  - EPS: Consolidated net loss of $0.18 per diluted share (and adjusted consolidated net loss of $0.05 per diluted share) for the
  - Result: reported results
  source text: Southwest Gas Holdings, Inc. Reports Third Quarter 2022 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000169211522000033/0001692115-22-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.