secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001692115-22-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000169211522000033/0001692115-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92416/000169211522000033/swx-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001692115-22-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer