---
schema_version: "secwatch.filing_event.v1"
accession: "0001692115-23-000108"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:25:21.543522+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas Q1 adjusted EPS $1.69; utility net income up $23M; reaffirms 2023 guidance

## Summary
- Consolidated Q1 GAAP EPS $0.67, adjusted EPS $1.69 vs $1.74 prior year; net income $45.9M vs $96.2M.
- Utility segment net income $134.7M (+$22.9M YoY) record; Arizona rate case added $54.3M annual revenue.
- Centuri Q1 record revenue $653M (+25%); net loss improved to $11.9M from $23.5M; $172M new offshore wind contracts.
- Sale of MountainWest closed Feb 14, 2023 for $1.5B; proceeds repaid $1.1B debt.
- Centuri spin-off progressing; IRS PLR submitted, Form 10 expected late Q2/early Q3, completion Q4 2023/Q1 2024.

## SEC filing metadata
- accession: 0001692115-23-000108
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000169211523000108/0001692115-23-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92416/000169211523000108/swx-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692115-23-000108
- JSON: https://secwatch.observer/filing/0001692115-23-000108.json
- Plain text: https://secwatch.observer/filing/0001692115-23-000108.txt

## Key facts
- Earnings Releases
  Southwest Gas Holdings, Inc. reported first quarter 2023 results: EPS $0.67 per diluted share. Guidance reaffirmed.
  - Period: first quarter 2023
  - EPS: $0.67 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Consolidated net earnings of $0.67 per diluted share (and adjusted consolidated net earnings of $1.69 per diluted share) for the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000169211523000108/0001692115-23-000108-index.htm

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