secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001692115-26-000004
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02, 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Gas restates interim 2025 financials due to $35M deferred tax error; non-reliance issued
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- Income tax expense understated by $27M for Q2 2025 and $8M for Q3 2025; net income reduced accordingly.
- Audit committee concludes Q2 and Q3 2025 interim statements should no longer be relied upon.
- Company expects material weakness in internal controls and ineffective disclosure controls.
- Errors caused by failure to update state apportionment rates following Centuri share sales in May and Aug 2025.
- Reaffirms 2025 net income guidance; no impact on cash flows, credit metrics, or debt covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000169211526000004/0001692115-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692115/000169211526000004/swx-20260109.htm
  HTML page:      https://secwatch.observer/filing/0001692115-26-000004

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