secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001692115-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Gas Q2 utility net income up 44.5%; raises utility guidance to $233-243M
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- Consolidated Q2 net income $18.3M ($0.25 EPS) vs $28.9M ($0.40 EPS) YoY; adjusted EPS $0.31 vs $0.54.
- Utility net income $27.6M, up 44.5% from $19.1M in Q2 2023, driven by Nevada rate case and cost control.
- Full-year 2024 utility net income guidance raised by $5M to $233-243 million.
- Centuri IPO net proceeds ~$328M used to reduce Centuri debt; Southwest Gas retains ~81% ownership.
- Ended quarter with ~$600M cash; expects very limited capital markets needs through end of 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000169211524000097/0001692115-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92416/000169211524000097/swx-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001692115-24-000097

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