Earnings summaries and quarterly performance for Southwest Gas Holdings.
Executive leadership at Southwest Gas Holdings.
Karen Haller
Detailed
President and Chief Executive Officer
CEO
Amy Timperley
Detailed
Senior Vice President, Chief Regulatory, Public Affairs and Gas Resources Officer, Southwest Gas Corporation
Catherine Mazzeo
Detailed
Senior Vice President, Chief Legal, Safety and Compliance Officer and Corporate Secretary
Fabio Pineda
Detailed
Vice President, Controller and Chief Accounting Officer
Julie Williams
Detailed
Senior Vice President, Continuous Improvement and Optimization, Southwest Gas Corporation
Justin Brown
Detailed
President, Southwest Gas Corporation
Randall Gabe
Detailed
Senior Vice President and Chief Administrative Officer, Southwest Gas Corporation
Robert Stefani
Detailed
Senior Vice President and Chief Financial Officer
Board of directors at Southwest Gas Holdings.
Andrew Evans
Detailed
Director
Andrew Teno
Detailed
Director
Anne Mariucci
Detailed
Director
Brian Sandoval
Detailed
Director
Carlos Ruisanchez
Detailed
Director
Henry Linginfelter
Detailed
Director
Jane Lewis-Raymond
Detailed
Director
Leslie Thornton
Detailed
Director
Renae Conley
Detailed
Chair of the Board
Ruby Sharma
Detailed
Director
Research analysts who have asked questions during Southwest Gas Holdings earnings calls.
Chris Ellinghaus
Siebert Williams Shank
5 questions for SWX
Also covers: BKH, CTRI, IDA +4 more
James Ward
Jefferies
3 questions for SWX
Also covers: FTS, HE, SR
Christopher Jeffrey
Mizuho Securities
2 questions for SWX
Also covers: ATO, ENLC, NI +3 more
Julian DeMullen-Smith
Jefferies
2 questions for SWX
Paul Fremont
Ladenburg Thalmann
2 questions for SWX
Also covers: AEE, CNP, CPK +17 more
Richard Sunderland
JPMorgan Securities LLC
2 questions for SWX
Also covers: AES, AQN, ATO +9 more
Ryan Levine
Citigroup
2 questions for SWX
Also covers: AEP, AES, ATO +17 more
Tim Winter
Gabelli
2 questions for SWX
Christopher Ellinghaus
Siebert Williams Shank & Co., LLC
1 question for SWX
Also covers: BKH, CPK, CTRI +12 more
Dylan Lipner
Ladenburg Thalmann
1 question for SWX
Also covers: CPK, OGE, PNW +1 more
Stephen D’Ambrisi
Ladenburg Thalmann
1 question for SWX
Also covers: OGE, PNW, SR
Recent press releases and 8-K filings for SWX.
SWX Announces Q3 2025 Results, Completes Centuri Separation, and Reaffirms Guidance
SWX
Earnings
Guidance Update
M&A
- Southwest Gas Holdings (SWX) reported diluted earnings per share from continuing operations of $0.06 for Q3 2025. Consolidated diluted EPS was $3.74, which included a $3.68 per diluted share contribution from discontinued operations, primarily due to the net gain on the sale of Centuri.
- The company completed the full separation of Centuri in September 2025, generating ~$879 million in net sales proceeds during the quarter and contributing to a total of $1.35 billion in net sales proceeds from the disposition. These proceeds were used to reduce SWX debt by ~$710 million.
- SWX reaffirmed its 2025 Utility net income guidance, expecting it toward the top end of the $265 - $275 million range. The company targets 6.0% to 8.0% net income growth and 6.0% to 8.0% rate base growth from 2025-2029.
- Key regulatory approvals in Q3 2025 included the AZ SIM Capital Tracker Approval and the NV Gas Planning Filing. Additionally, Standard and Poor's upgraded SWX and SWG on September 22, 2025.
Nov 5, 2025, 4:00 PM
Southwest Gas Holdings Completes Centuri Disposition, Updates Guidance, and Announces CFO Departure
SWX
Earnings
CFO Change
Guidance Update
- Southwest Gas Holdings successfully completed the disposition of Centuri through two final sales transactions, generating $1.35 billion in net sales proceeds and an estimated $1.3 billion in after-tax cash proceeds, which fully repaid remaining holding company debt and significantly improved the balance sheet.
- The company reaffirmed its full-year 2025 net income guidance towards the top end of the $265 to $275 million range and received an S&P credit rating upgrade to BBB plus with a stable outlook.
- CFO Rob Stefani is set to depart on December 1st, and the company is actively progressing with the Great Basin expansion project and pursuing alternative rate-making opportunities in Nevada and Arizona, alongside an agreement in principle for its California rate case.
Nov 5, 2025, 4:00 PM
Southwest Gas Holdings Reports Strong Q3 2025 Earnings, Announces CFO Departure, and Updates on Strategic Projects
SWX
Earnings
CFO Change
New Projects/Investments
- Southwest Gas Holdings reported a consolidated EPS of $3.74 per diluted share for Q3 2025, with continuing operations contributing an improvement of $0.19 per diluted share and discontinued operations (Century sale) adding $3.68 per diluted share.
- CFO Rob Stefani will depart on December 1st, with the board initiating a search for his replacement.
- The company is advancing its 2028 Great Basin expansion project, with an estimated cost of $1.2 billion to $1.6 billion, targeting a FERC filing in Q4 2026 and an in-service date of November 2028.
- S&P upgraded the company's debt ratings to BBB+ with stable outlooks , driven by the full repayment of holdco debt and the complete separation of Century.
- Significant regulatory progress includes planned rate case filings in Nevada (March 2026) and Arizona (Q1 2026), with new rates expected to be effective in October 2026 and the first half of 2027, respectively.
Nov 5, 2025, 4:00 PM
Southwest Gas Holdings Reports Q3 2025 Results, Updates Guidance, and Announces CFO Transition
SWX
Earnings
CFO Change
Guidance Update
- Southwest Gas Holdings reported Q3 2025 consolidated EPS of $3.74 per diluted share. The company reaffirmed its 2025 utility net income guidance range of $265 million to $275 million, now guiding towards the top end of the range.
- The company announced that CFO Rob Stefani will depart on December 1st, with a search for his successor initiated.
- Following the full separation of Century and repayment of holding company debt, S&P upgraded Southwest Gas Holdings' and Southwest Gas Corporation's credit ratings to BBB plus with stable outlooks. The company's cash balance increased to nearly $780 million, with over $1.5 billion in liquidity as of Q3 2025.
- Progress continues on the 2028 Great Basin expansion project, with precedent agreements being finalized, and significant regulatory filings were made in Nevada and Arizona to pursue alternative rate-making opportunities.
Nov 5, 2025, 4:00 PM
Southwest Gas Holdings, Inc. Reports Strong Q3 2025 Results, Completes Centuri Separation, and Receives Credit Rating Upgrade
SWX
Earnings
Guidance Update
M&A
- Southwest Gas Holdings, Inc. reported net income attributable to Southwest Gas Holdings of $270,476 thousand and diluted earnings per share of $3.74 for the third quarter ended September 30, 2025.
- The company completed the full separation of Centuri, generating ~$879 million of net proceeds and fully repaying its Term Loan and bank debt. This contributed $266,301 thousand in income from discontinued operations for Q3 2025.
- Following the debt repayment, S&P upgraded Southwest Gas Holdings' and Southwest Gas Corporation's credit ratings to BBB+.
- The Utility segment achieved a trailing 12-month return on equity of 8.3% and added approximately 40,000 new meter sets, reflecting a 1.8% customer growth rate.
- Southwest Gas Holdings reaffirmed its 2025 net income guidance for the natural gas distribution segment, expecting it to be toward the top end of the $265 million to $275 million range.
Nov 5, 2025, 1:07 PM
Southwest Gas Holdings Reports Q3 2025 Financial Results
SWX
Earnings
Guidance Update
M&A
- Southwest Gas Holdings reported net income attributable to Southwest Gas Holdings of $270.5 million for the third quarter ended September 30, 2025, and $371.5 million for the nine months ended September 30, 2025. Consolidated earnings per diluted share were $3.74 for the quarter and $5.14 year-to-date.
- The company completed the full separation of Centuri, generating approximately $879 million of net proceeds which were used to fully repay the SWX Term Loan and bank debt. As a result, S&P upgraded Southwest Gas Holdings' and Southwest Gas Corporation's credit ratings to BBB+ with stable outlooks.
- Southwest Gas Holdings reaffirms its forward-looking guidance, expecting 2025 net income for the natural gas distribution segment toward the top end of the $265 million - $275 million range.
Nov 5, 2025, 1:00 PM
Southwest Gas Holdings Enters Amended Cooperation Agreement with Icahn Group
SWX
Board Change
Proxy Vote Outcomes
M&A
- Southwest Gas Holdings, Inc. (SWX) and the Icahn Group entered into an Amended and Restated Cooperation Agreement on October 14, 2025, which supersedes a prior agreement from October 15, 2024.
- The Company agreed to nominate Andrew W. Evans, Henry P. Linginfelter, Ruby Sharma, and Andrew J. Teno (Icahn Designees) for election at the 2026 annual meeting of stockholders.
- The agreement includes standstill restrictions on the Icahn Group, which will remain in effect until at least the conclusion of the 2026 Annual Meeting, limiting their beneficial ownership to 24.9% of outstanding Common Shares. The number of Icahn Designees on the Board is contingent on the Icahn Group's beneficial ownership, with resignations triggered if their Net Long Position falls below 50%, 35%, or 25% of the Tender Offer Closing Amount (5,089,703 shares).
- Certain corporate actions, such as acquisitions exceeding $500,000,000 individually or $1,000,000,000 in aggregate over a trailing 12-month period, and primary offerings with net proceeds greater than $50,000,000, require Strategic Transactions Committee (STC) Requisite Approval or specific provisions for Icahn Group participation.
Oct 14, 2025, 8:42 PM
Quarterly earnings call transcripts for Southwest Gas Holdings.
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