STOCK TITAN

Southwest Gas Ho - SWX STOCK NEWS

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.

Rhea-AI Summary
Southwest Gas Holdings, Inc. plans to list its subsidiary, Centuri Group, on the NYSE under the ticker symbol 'CTRI' through an initial public offering. The offering details are yet to be finalized, with major investment banks involved in the process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
Tags
none
-
Rhea-AI Summary
Southwest Gas Holdings, Inc. reports strong financial performance with improved Utility ROE, Centuri revenue growth, and successful progress towards Centuri's separation plan. Consolidated net income for Q4 2023 was $72.9 million, compared to a loss in Q4 2022. Full-year consolidated net income for 2023 was $150.9 million, a significant improvement over 2022. Southwest Gas Corporation saw a 220 basis point increase in utility ROE and exceeded adjusted net income expectations. Centuri Group, Inc. achieved a 24% increase in adjusted EBITDA in 2023. The company is on track to separate Centuri into an independent utility infrastructure services company, aiming to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.26%
Tags
-
Rhea-AI Summary
Southwest Gas Holdings, Inc. will report its 2023 fourth quarter and twelve months financial results on February 28, 2024. An earnings conference call will be held to discuss the results, including business and financial information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.26%
Tags
conferences earnings
Rhea-AI Summary
Southwest Gas Holdings, Inc. (SWX) declares a second quarter cash dividend of $0.62 per share, totaling $2.48 per share annually. The company has a long history of paying quarterly dividends since 1956.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
dividends earnings
-
Rhea-AI Summary
Southwest Gas Holdings, Inc. will report its 2023 fourth quarter and twelve months financial results on February 28, 2024. The Company will host an earnings conference call to discuss the results, including business and financial information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
conferences earnings
-
Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) appoints William J. Fehrman as President and CEO of Centuri Group, Inc. with decades of experience in the utility and energy industry, previously serving as President and CEO of Berkshire Hathaway Energy. Centuri plans to separate into a standalone company and pursue an IPO in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
management
News
Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) has announced its intent to pursue an initial public offering (IPO) of newly issued shares of Centuri Holdings, Inc. in the spring/summer of 2024. The IPO aims to separate Centuri as an independent utility infrastructure services company to maximize value for Southwest Gas shareholders. The IPO is subject to market conditions, SEC review, and final Board approval. The primary use of cash proceeds is expected to be the repayment of outstanding debt at Centuri to enhance its financial flexibility post-separation. Southwest Gas also intends to reduce its ownership in Centuri through sales of its remaining Centuri Holdings shares into the market or through exchange offers. The Company retains strategic flexibility to separate Centuri through a tax-free spin-off in the event market conditions are not conducive to an IPO or secondary sales by Southwest Gas following an IPO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
none
-
Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) announces CEO Paul M. Daily's retirement in 2024 as President and Chief Executive Officer of Centuri Group, Inc., a wholly owned subsidiary. The company will commence a search for his successor with the assistance of a leading executive search firm. The separation of Centuri from Southwest Gas is ongoing, with both companies reaffirming their financial guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
Tags
none
-
Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) Declares $0.62 per Share First Quarter Cash Dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
dividends earnings
Rhea-AI Summary
Southwest Gas Holdings, Inc. (NYSE: SWX) reports strong third-quarter growth in utility and Centuri net income, increases 2023 utility earnings and capital expenditures guidance, and reaffirms 2023 Centuri revenue and EBITDA margin guidance. The company is seeing strong customer growth and demand for safe, reliable, and affordable energy solutions, reflected in the increased 2023 utility net income and capital expenditure guidance ranges. Southwest Gas also continues to pursue a separation of Centuri, with the submission of a draft Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
Southwest Gas Ho

NYSE:SWX

SWX Rankings

SWX Stock Data

5.18B
71.48M
0.5%
92.8%
1.96%
Utilities - Regulated Gas
Natural Gas Transmission & Distribution
Link
United States
LAS VEGAS