---
schema_version: "secwatch.filing_event.v1"
accession: "0001692115-25-000117"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:52:46.160206+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas Q1 net income $113.9M ($1.58 EPS), up 30% YoY; reaffirms guidance

## Summary
- Net income of $113.9M vs $87.7M in Q1 2024; diluted EPS $1.58 vs $1.22.
- Adjusted net income $119.4M ($1.65 adjusted EPS) vs $98.5M ($1.37) YoY.
- Natural gas distribution contributed $142.9M vs $135.8M; utility infrastructure lost $20.0M.
- Arizona rate case approved ~$80.2M annual revenue increase; settlement on system integrity mechanism filed.
- Company reaffirms 2025 guidance; continues evaluating Centuri separation options.

## SEC filing metadata
- accession: 0001692115-25-000117
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000169211525000117/0001692115-25-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92416/000169211525000117/swx-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692115-25-000117
- JSON: https://secwatch.observer/filing/0001692115-25-000117.json
- Plain text: https://secwatch.observer/filing/0001692115-25-000117.txt

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