---
schema_version: "secwatch.filing_event.v1"
accession: "0001692115-25-000080"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:41:32.442714+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas reports Q4 adj EPS $1.39; initiates 2025 utility net income guidance $265-275M

## Summary
- Q4 2024 net income $92.5M ($1.28 EPS); adjusted $100.1M ($1.39 EPS).
- Full-year utility net income $261.2M (+8% YoY); ROE 8.1%.
- 2025 utility net income guidance $265-275M, capex ~$880M; 5-year CAGR 6-8%.
- Centuri full-year revenue down 9% to $2.6B; net loss $13.1M vs income $19.7M.
- Company retains 81% of Centuri; committed to full separation via sale/exchange/distribution.

## SEC filing metadata
- accession: 0001692115-25-000080
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000169211525000080/0001692115-25-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92416/000169211525000080/swx-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692115-25-000080
- JSON: https://secwatch.observer/filing/0001692115-25-000080.json
- Plain text: https://secwatch.observer/filing/0001692115-25-000080.txt

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