Welcome to our dedicated page for Southwest Gas Ho news (Ticker: SWX), a resource for investors and traders seeking the latest updates and insights on Southwest Gas Ho stock.
Southwest Gas Holdings, Inc. (SWX) provides natural gas distribution and utility infrastructure services across Arizona, Nevada, and California. This news hub offers investors and stakeholders direct access to the company's official communications and market-relevant developments.
Track SWX's operational updates through earnings reports, regulatory filings, and infrastructure project announcements. Our curated collection includes press releases detailing rate case outcomes, safety initiatives, and strategic moves like the Centuri subsidiary separation. All content is verified at source to ensure accuracy in this regulated utility environment.
Users will find updates organized by key operational categories: natural gas distribution service expansions, utility infrastructure project awards, and regulatory compliance milestones. The repository serves as a historical record of management decisions impacting long-term service territories.
Bookmark this page for streamlined monitoring of SWX's financial performance and industry positioning. Combine regular checks with regulatory filings for complete analysis of this essential service provider's market trajectory.
Southwest Gas Holdings, Inc. (SWX) will host a conference call to discuss its 2021 fourth quarter and annual results on March 2, 2022, at 1:00 P.M. (ET). This follows the earnings report scheduled for March 1, 2022. Investors can join the call via telephone at (877) 419-3678 or (614) 610-1910 internationally; the conference ID is 7668616. If missed, a digital replay will be available from 4:30 P.M. (ET) on March 2 until 4:30 P.M. (ET) on March 9. The call can also be accessed on their website.
Southwest Gas Holdings (NYSE: SWX) confirms that Carl Icahn's affiliate extended its tender offer to acquire shares at $75.00 each. The Board of Directors has rejected the unsolicited offer, deeming it inadequate and contingent on ambiguous conditions. Southwest Gas believes the offer undervalues the company and lacks certainty of completion. Moreover, Icahn's revised offer requires control of the Board, raising concerns about his true intentions. The Board emphasizes its commitment to enhancing shareholder value and is advised by Lazard and Moelis & Company.
Southwest Gas is transitioning natural gas service for 5,300 customers in Graham County from Graham County Utilities Inc. (GCU), starting January 18, 2022. This move is approved by the Arizona Corporation Commission, enhancing Southwest Gas's customer base to over one million in Arizona. Customers will maintain their current GCU rates until the conclusion of Southwest Gas's general rate case application. Southwest Gas plans to establish a local operation facility and has introduced a payment kiosk for customer convenience. The company focuses on delivering safe and reliable service.
On December 31, 2021, Southwest Gas Holdings completed the acquisition of Dominion Energy Quester Pipeline and its subsidiaries, now operating under the new subsidiary MountainWest Pipelines Holding Company. This acquisition, encompassing 2,160 miles of FERC-regulated natural gas pipelines, is expected to benefit earnings per share in 2022. The leadership will be under Colleen Larkin Bell, bringing over 30 years of industry experience. The company aims to leverage growth opportunities and enhance its role in the evolving energy landscape through this strategic expansion.
Dominion Energy (NYSE: D) announced the successful closing of the $1.975 billion sale of Questar Pipelines to Southwest Gas Holdings (NYSE: SWX). The deal, finalized on December 31, 2021, includes the assumption of $430 million in debt. Questar Pipelines features FERC-regulated transportation and underground storage assets located in Utah, Wyoming, and Colorado. This sale is part of Dominion Energy's strategy to streamline operations and focus on sustainable energy.
Southwest Gas Holdings (SWX) confirmed that Carl Icahn's affiliate extended its tender offer to acquire shares at $75.00 each. In response, the company's Board rejected the offer, deeming it inadequate and coercive. They urge stockholders to not tender their shares, stating that the offer undervalues the company and is contingent on ambiguous conditions. The Board emphasizes its commitment to long-term value creation and has involved external advisors in the evaluation process.
Southwest Gas Holdings (NYSE: SWX) announced that the Delaware Court of Chancery denied Icahn Partners' motion for a temporary restraining order, allowing the company to proceed with permanent financing for its acquisition of Dominion Energy Questar Pipeline. The Board of Directors recommended that shareholders reject Icahn's tender offer, labeling it as inadequate and coercive. This ruling strengthens Southwest Gas's position in the ongoing acquisition and financing efforts.
Southwest Gas has received approval from the Arizona Corporation Commission for the transition of natural gas service in Graham County from Graham County Utilities Inc. (GCU) to Southwest Gas, effective early January. This move follows GCU's October 2020 decision to sell its gas distribution system to Southwest Gas for modernization, enhanced safety, and regulatory compliance. The company promises safe, reliable, and affordable service to GCU customers, along with access to various assistance programs.
Southwest Gas Holdings, Inc. (NYSE: SWX) has declared a cash dividend of $0.595 per share for the first quarter of 2022, payable on March 1, 2022. Shareholders on record as of February 15, 2022 will receive the dividend. This annualizes to $2.38 per share, reflecting the company's commitment to returning value, having paid quarterly dividends since 1956. The company operates through two segments: Southwest Gas Corporation, serving over two million customers in Arizona, Nevada, and California, and Centuri Group, Inc., offering utility infrastructure services.
Southwest Gas Holdings has announced the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period, which allows the company to proceed with its acquisition of Dominion Energy Questar Pipeline and its affiliates. This acquisition is expected to close on or before December 31, 2021, pending other customary closing conditions. The transaction will enhance Southwest Gas's capabilities in natural gas distribution and infrastructure services across North America, and is anticipated to provide significant operational synergies.
