secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001692115-24-000112
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Gas Q3 adj EPS $0.09; utility net income up $3.8M YoY; expects top-half guidance
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- Consolidated net income $0.3M ($0.00 EPS); adjusted net income $6.8M ($0.09) vs $12.6M ($0.17) YoY.
- Utility net income $0.6M vs $(3.3)M YoY; YTD utility earnings up 9%; expects full-year net income in top half of guidance.
- No equity issuance expected in 2024; ended Q3 with >$450M cash; extended $550M term loan to July 2025 at lower spread.
- Filed California rate case in Q3; advancing Arizona rate case; Nevada rate case margin improvement continues.
- Non-GAAP adjustments primarily amortization of intangible assets at Centuri.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000169211524000112/0001692115-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92416/000169211524000112/swx-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001692115-24-000112

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