---
schema_version: "secwatch.filing_event.v1"
accession: "0001692115-23-000054"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:23:04.949040+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas reports 2022 adjusted EPS $3.00; completes MountainWest sale for $1.5B; plans Centuri spin-off

## Summary
- Consolidated net loss of $203.3M ($3.10 diluted loss per share); adjusted net income $196.6M ($3.00 adjusted diluted EPS) vs $4.00 in 2021.
- Sale of MountainWest to Williams closed Feb 14, 2023 for $1.5B enterprise value; proceeds used for debt reduction.
- Board approved spin-off of Centuri into independent public company expected Q4 2023/Q1 2024, tax-free to stockholders.
- Natural gas distribution segment 2023 net income guidance $205-215M; capital expenditures $665-685M.
- Arizona general rate case finalized with $54.3M revenue increase, largest in company history, effective Feb 1, 2023.

## SEC filing metadata
- accession: 0001692115-23-000054
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1692115/000169211523000054/0001692115-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92416/000169211523000054/swx-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692115-23-000054
- JSON: https://secwatch.observer/filing/0001692115-23-000054.json
- Plain text: https://secwatch.observer/filing/0001692115-23-000054.txt

## Key facts
- Earnings Releases
  Southwest Gas Holdings, Inc. reported the fourth quarter of 2022 results: net income $281 million, EPS $(4.18) per diluted share. Guidance initiated.
  - Period: the fourth quarter of 2022
  - Net income: $281 million
  - EPS: $(4.18) per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: For the fourth quarter of 2022, consolidated net loss was $281 million, or $(4.18) per diluted share, and adjusted net income was $78.0 million, or $1.16 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000169211523000054/0001692115-23-000054-index.htm
- Earnings Releases
  Southwest Gas Holdings, Inc. reported the twelve months ended December 31, 2022 results: net income $203.3 million, EPS $3.10 per diluted share. Guidance initiated.
  - Period: the twelve months ended December 31, 2022
  - Net income: $203.3 million
  - EPS: $3.10 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: • Consolidated net loss of $3.10 per diluted share (and adjusted consolidated net income of $3.00 per diluted share) for 2022, compared to consolidated net income of $3.39 per diluted share (and adjusted consolidated earnings of $4.00 per diluted share) for 2021. • Consolidated net loss of $203.3 million (and adjusted consolidated net income of $196.6 million) for 2022, compared to a consolidated net income of $200.8 million (and adjusted consolidated net income of $237 million) in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000169211523000054/0001692115-23-000054-index.htm

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