secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001692115-23-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000169211523000054/0001692115-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92416/000169211523000054/swx-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001692115-23-000054

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