secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001692115-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Gas reports FY2023 adj. EPS $3.36 (+12% YoY); guides 2024 utility net income $228-238M
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- Q4 2023 consolidated net income $72.9M ($1.01 diluted EPS); adjusted net income $81.2M ($1.13 diluted EPS).
- Full-year 2023 adjusted net income $238.4M ($3.36 diluted EPS) vs $196.6M ($3.00 diluted EPS) in 2022.
- Utility segment net income $242.2M in 2023, up from $154.4M in 2022; 2024 guidance $228-238M.
- Centuri FY2023 revenue $2.9B (+5%), adjusted EBITDA $283M (+24%); IPO separation on track with confidential S-1 filed.
- Initiated 2024-2026 utility adj. net income CAGR 10-12%, rate base CAGR 6.5-7.5%; 2024 capex ~$830M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000169211524000037/0001692115-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92416/000169211524000037/swx-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001692115-24-000037

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