secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001692115-23-000108
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000169211523000108/0001692115-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92416/000169211523000108/swx-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001692115-23-000108

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