Highest-materiality recent filing
Southwest Gas Holdings shareholders elect 11 directors, approve advisory comp, ratify auditor
Approximately 64.89M shares represented at May 7, 2026 annual meeting.
Southwest Gas Q1 EPS $1.91 from cont ops; files $172M in rate cases; Great Basin oversubscribed
Net income from cont ops $138.4M ($1.91 diluted EPS) vs $134.3M ($1.86) in prior year; affirmed FY 2026 guidance.
CEO Karen Haller resigns effective May 8, 2026; will serve as advisor through Dec 31, 2026 at $95,000/month.
FY 2025 GAAP net income $440M ($6.08 diluted EPS); from continuing ops $235M ($3.25 EPS).
Southwest Gas Holdings and Icahn Group Mutually Terminate Cooperation Agreement
On Feb 11, 2026, Southwest Gas Holdings and the Icahn Group mutually terminated their Amended and Restated Cooperation Agreement dated Oct 14, 2025.
Director Anne Mariucci to retire from Southwest Gas board at 2026 annual meeting
Anne L. Mariucci will not stand for re-election and will retire at the conclusion of the 2026 Annual Meeting.
Southwest Gas restates interim 2025 financials due to $35M deferred tax error; non-reliance issued
Income tax expense understated by $27M for Q2 2025 and $8M for Q3 2025; net income reduced accordingly.
Director Andrew Teno resigns from Southwest Gas board; Board reduces to 10 members
Andrew Teno resigned effective Dec 31, 2025; no disagreement with company.
Southwest Gas appoints Justin Forsberg as SVP/CFO; enters registration rights agreement with Icahn
Justin Forsberg named SVP/CFO effective Dec 1, 2025; previously VP/Investor Relations and Treasurer.
CFO Robert J. Stefani to depart Southwest Gas effective Dec 1, 2025; search initiated
Robert J. Stefani steps down as SVP/CFO of Southwest Gas Holdings and Southwest Gas Corp, effective Dec 1, 2025 or earlier.
SWX Q3 continuing ops EPS $0.06; net income $270.5M; Centuri separation complete
Q3 2025 continuing ops net income $4.2M (EPS $0.06) vs loss $(9.2M) in Q3 2024.
Company will nominate four Icahn designees (Evans, Linginfelter, Sharma, Teno) for election at 2026 annual meeting.
Southwest Gas sells entire 27.4M share Centuri stake for ~$524.8M net proceeds
Sold 27,362,210 shares of Centuri common stock at $19.60 per share.
Southwest Gas deconsolidates Centuri after selling 18.8M shares; retains 30.9% equity stake
Net proceeds of $353.9M from August 2025 secondary offering and private placement of Centuri common stock.
Southwest Gas Holdings sells 17.25M Centuri shares for ~$356M, deconsolidates Centuri
Sold 15M Centuri shares at $19.50 per share to underwriters; underwriters exercised option for additional 2.25M shares.
Southwest Gas Q2 GAAP net loss of $12.9M; adjusted EPS $0.53 improves; reaffirms guidance
GAAP net loss of $12.9M ($0.18 loss per share) vs. net income of $18.3M ($0.25) a year ago.
Southwest Gas appoints Fabio Pineda as VP/Controller/CAO effective July 17
Fabio A. Pineda appointed VP/Controller/CAO effective July 17, 2025; previously Assistant Controller at Sempra.
Southwest Gas sells 1.06M Centuri shares to Icahn investors for ~$22M net
Sold 1,060,240 Centuri shares at $20.75/share in a private placement to Icahn entities.
Southwest Gas amends term loan to $225M, extends maturity to 2026; signs new $300M revolver
Amended Term Loan reduced from $550M to $225M; maturity extended to June 26, 2026; portion prepaid at closing.
First Amendment adds a swingline subfacility to the $400M revolving credit facility dated Aug 1, 2024.
Southwest Gas sells 11.2M Centuri shares for $225M net; enters private placement with Icahn
Sold 11,212,500 Centuri shares at $20.75/share via underwritten offering, net proceeds ~$225M.
Great Basin Expansion Project binding open season closed; estimated $800M-$1.2B capex
Great Basin closed binding open season for 2028 Expansion Project; incremental capacity of ~1.25 Bcf/d.
Southwest Gas Controller Lori Colvin retiring June 1; CFO Stefani interim Controller
Lori L. Colvin, VP/Controller/CAO, retiring effective June 1, 2025.
SWX sells 11.9M Centuri shares for $225M, ends spin-off rights plan
Sold 9M Centuri shares at $17.50 via underwritten offering; net proceeds ~$175M.
Southwest Gas Q1 net income $113.9M ($1.58 EPS), up 30% YoY; reaffirms guidance
Net income of $113.9M vs $87.7M in Q1 2024; diluted EPS $1.58 vs $1.22.
Southwest Gas Holdings stockholders elect all 11 director nominees at May 1 annual meeting
All 11 director nominees elected with 94-99% of votes cast (excluding broker non-votes).
VP/CAO Lori Colvin to retire from Southwest Gas Holdings effective June 1, 2025
Lori Colvin, VP/Controller/Chief Accounting Officer, will retire effective June 1, 2025.
Southwest Gas reports Q4 adj EPS $1.39; initiates 2025 utility net income guidance $265-275M
Q4 2024 net income $92.5M ($1.28 EPS); adjusted $100.1M ($1.39 EPS).
Southwest Gas CEO granted 25,456 special PSUs with two-year performance goals
CEO Karen S. Haller receives 25,456 target PSUs valued at ~$1.8M (based on 2024 closing price).
Southwest Gas Q3 adj EPS $0.09; utility net income up $3.8M YoY; expects top-half guidance
Consolidated net income $0.3M ($0.00 EPS); adjusted net income $6.8M ($0.09) vs $12.6M ($0.17) YoY.
Southwest Gas amends cooperation pact with Icahn; nominates four Icahn designees for 2025 meeting
Company and Icahn Group entered Amended and Restated Cooperation Agreement on Oct 15, 2024, replacing Nov 2023 agreement.
Southwest Gas Holdings launches $340M ATM equity offering program
Entered Equity Distribution Agreement with J.P. Morgan and Wells Fargo as sales agents for ATM program.
Southwest Gas Q2 utility net income up 44.5%; raises utility guidance to $233-243M
Consolidated Q2 net income $18.3M ($0.25 EPS) vs $28.9M ($0.40 EPS) YoY; adjusted EPS $0.31 vs $0.54.
SWX extends term loan to July 2025, reduces margin; new $400M revolver matures 2029
Amended Term Loan: maturity extended to July 31, 2025; margin reduced to 1.125% (SOFR) and 0.1125% (base rate).
Southwest Gas releases 10-year statistical summary for natural gas distribution segment
2023 net income of $150.9M vs. loss of $203.3M in 2022; EPS $2.13 diluted.
Southwest Gas Q1 net income $87.7M ($1.22 EPS); affirms guidance
Net income $87.7M ($1.22 diluted EPS); adjusted net income $98.5M ($1.37 adjusted EPS).
SWX stockholders approve 2024 Omnibus Incentive Plan; PSU grants to CEO, CFO, and President
Stockholders approved 2024 Omnibus Incentive Plan on May 2, 2024, enabling equity grants to officers and directors.
Southwest Gas shareholders approve all proposals including spin protection plan and incentive plan
All 11 director nominees elected; Andrew J. Teno received highest withhold at 6.6M shares.
Separation, Tax Matters, and Registration Rights Agreements executed April 11, 2024, governing asset/liability split and IPO terms.
Max total net leverage ratio raised to 5.75x for Q1 2024, 6.00x for Q2 2024, 5.75x for Q3 2024.
Southwest Gas reports FY2023 adj. EPS $3.36 (+12% YoY); guides 2024 utility net income $228-238M
Q4 2023 consolidated net income $72.9M ($1.01 diluted EPS); adjusted net income $81.2M ($1.13 diluted EPS).
Southwest Gas appoints Bill Fehrman as Centuri CEO; IPO planned for 2024
William J. Fehrman appointed President and CEO of Centuri, effective January 12, 2024.
Southwest Gas Centuri CEO Paul Daily to retire; transition agreement provides $2.2M retention bonus
Paul Daily, President/CEO of Centuri (SWX sub), to retire in 2024; transition separation agreement signed.
Southwest Gas files prospectus supplement for Dividend Reinvestment Plan shares
On Nov 28, 2023, filed a prospectus supplement to existing S-3 registration for common stock under its Dividend Reinvestment and Direct Stock Purchase Plan.
Centuri CEO Paul Daily to retire in 2024; successor search launched
Centuri CEO Paul Daily plans to retire in 2024 once successor is appointed; no disagreement with company.
Company agrees to nominate Icahn designees Andrew Evans, Henry Linginfelter, Ruby Sharma, and Andrew Teno for 2024 annual meeting.
Southwest Gas subsidiary Centuri amends credit facility covenants for 2024
Interest coverage ratio minimum reduced to 2.00:1.00 for Q1–Q4 2024 from 2.50:1.00.
Southwest Gas Q3 2023: EPS $0.04 vs -$0.18; raises utility net income and capex guidance
Consolidated net earnings $0.04 diluted EPS vs net loss $0.18 in Q3 2022; adjusted EPS $0.10 vs -$0.05.
Board declared dividend of one preferred stock purchase right per common share, payable Nov 17, 2023.
Southwest Gas amends bylaws to set Dec 22, 2023 shareholder proposal deadline, extending Icahn pact
Board adopted Bylaw Amendment on October 20, 2023, effective immediately.
Ms. Lori L. Colvin, Vice President/Controller/Chief Accounting Officer for the Companies, informed the Companies of her intention to retire effective June 1, 2025.
Due to her retirement, on May 29, 2025, the board of directors of each of the Companies appointed Mr. Robert J. Stefani, 51, Senior Vice President/Chief Financial Officer for the Companies, to also serve as Controller for the Companies, effective June 1, 2025.
On March 9, 2025, Lori Colvin informed Southwest Gas Holdings, Inc. (“Company”) of her decision to retire from her position as the Vice President/Controller/Chief Accounting Officer of the Company and Southwest Gas Corporation, effective June 1, 2025.
Paul M. Daily, President and Chief Executive Officer of Centuri Group, Inc. ("Centuri"), a wholly owned subsidiary of the Company, informed the Company on November 20, 2023 of his plan to retire in 2024 once his successor has been appointed.
On November 20, 2023, Paul M. Daily, President and Chief Executive Officer of Centuri Group, Inc. (“Centuri”), a wholly owned subsidiary of Southwest Gas Holdings, Inc. (the “Company”), informed the Company of his plans to retire in 2024 once his successor has been appointed.
On July 17, 2023, Julie M. Williams was named Senior Vice President/Continuous Improvement and Optimization of Southwest Gas Corporation (the "Company"), and effective immediately upon her appointment to this role, Ms. Williams ceased her service as the Company's Senior Vice President/Chief Operating Officer.
Robert J. Stefani was appointed as Senior Vice President and Chief Financial Officer, effective November 30, 2022.
Mr. Stefani succeeds Gregory J. Peterson, who will retire on November 30, 2022.
the board of directors (the “Board”) of the Company appointed Ruby Sharma to the Board to replace José A. Cárdenas effective August 9, 2022.
Upon Ms. Sharma’s appointment, Mr. Cárdenas’ resignation became effective, as described in the Company’s Current Report on Form 8-K filed on May 10, 2022.
John P. Hester, Southwest’s former President and Chief Executive Officer, who had previously retired from his positions with Southwest on May 5, 2022
Ms. Williams assumed the role of Senior Vice President/Operations of the Company effective June 1, 2022.
Max materiality 0.90 · Median 0.62 · Most common event other_material