Southwest Gas Hlds

Southwest Gas Holdings, Inc. engages in the energy business. It operates through the following business segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses on purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada. The Utility Infrastructure Services segment consists of delivering an array of solutions to North America’s gas and electric providers. The company was founded in March 1931 and is headquartered in Las Vegas, NV.

Earnings data Q1 2021

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Earnings data Q4 2024

Southwest Gas Holdings excels in 2022, eyes growth and financial strength

Southwest Gas Holdings reported a strong performance in 2022, focusing on financial flexibility and sustainability.
Centuri and Southwest Gas Corporation are well-positioned for growth with diverse capabilities and operational successes.
Challenges include achieving the targeted 8% ROE and managing debt levels post-spin, with opportunities in strategic growth and financial flexibility.

Southwest Gas reports record Q1 performance and eyes clean energy growth

Southwest Gas Holdings' Q1 2023 earnings call showcased robust financial performance, growth prospects, and strategic initiatives to enhance shareholder value.
The company's emphasis on regulatory compliance, dividend payments, and future growth opportunities underscores its commitment to sustainable business practices.
Despite challenges in regulatory filings and operational complexities, Southwest Gas is well-positioned to leverage opportunities in clean energy and strategic investments for long-term success.

Southwest Gas Holdings excels in Q2 2023, focusing on growth and clean energy

Southwest Gas Holdings showcased strong financial results, operational achievements, and strategic progress in Q2 2023. The company's emphasis on clean energy, infrastructure investments, and shareholder value underscores a forward-looking approach.

Southwest Gas Holdings reports record Q3 performance and growth opportunities

Southwest Gas Holdings and Century Group demonstrated strong financial performance and strategic progress in Q3 2023 earnings call.
Challenges include offshore wind project cancellations, gas business decline in Canada, and lack of specific guidance on backlog projects.
Opportunities lie in potential IPO for Century, rate case filings, and growth in electric business, offering avenues for future growth and value creation.
Overall, Southwest Gas Holdings shows resilience and growth potential, supported by financial stability and strategic initiatives for future success.

Southwest Gas Holdings Achieves Record Results, Eyes Strategic Growth

Southwest Gas Holdings had a successful Q4 and full year, focusing on core utility services and strategic growth.
Strong Centuri performance and plans for significant capital expenditure highlight growth opportunities.
Anticipated net income growth, ROE maintenance, and collaborative regulatory engagement position the company well for the future.

Southwest Gas Holdings reports robust Q1 performance and strategic moves

Southwest Gas Holdings' Q1 2024 showcased strong performance with record margins and customer growth, despite a slight EPS decline. The Centuri IPO and separation plans signal strategic financial moves, while affirmed guidance and focus on balance sheet strength highlight stability and growth potential.
Navigating challenges such as EPS fluctuations and regulatory dynamics, Southwest Gas Holdings has opportunities to enhance shareholder value through operational optimization and strategic planning. The company's commitment to maintaining a competitive dividend underscores its long-term financial resilience.

Southwest Gas Holdings raises net income guidance and explores Centuri separation

Southwest Gas Holdings' Q2 2024 earnings call highlighted strong performance, raised net income guidance, and strategic priorities. The company is navigating challenges in upcoming rate cases while exploring opportunities for Centuri separation.

Southwest Gas reports robust Q3 performance and strategic growth focus

Southwest Gas Holdings demonstrated strong financial performance and strategic focus on growth and operational efficiency in Q3 2024.
The company's commitment to safety, reliability, and shareholder value positions it well for future success and sustainable growth.
Challenges in regulatory environments and strategic decisions present opportunities for Southwest Gas to navigate complexities and drive long-term value.

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Confirms Receipt of Indication of Interest Well in Excess of Icahn's Inadequate $82.50 Offer LAS VEGAS , April 18, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today announced that as a result of the receipt of an indication of interest well in excess of Carl Icahn's ("Mr. Icahn") $82.50 per share offer (the "Offer"), the Southwest Gas Board has authorized the review of a full range of strategic alternatives to maximize stockholder value.

Southwest Gas Board of Directors Announces Exploration of Strategic Alternatives to Maximize Value

Southwest Gas Holdings is a 3-part company: one part is state-regulated, one part is FERC-regulated, and one part is not regulated. Southwest Gas Holdings expects to invest $1.4 billion into its recently acquired and renamed MountainWest pipelines, increasing its rate base from $2.3 billion to $3.7 billion by 2025.

Southwest Gas Holdings: Often Overlooked By Utility Investors

Sunny Isles Beach, Florida, April 11, 2022 — Today, Carl C. Icahn released the following open letter to the stockholders of Southwest Gas Holdings Inc. ( SWX , Financial).

Southwest Gas Shareholders Receive Another Open Letter From Icahn

Cohen & Steers

NEW YORK , April 11, 2022 /PRNewswire/ -- Cohen & Steers Capital Management, Inc, an affiliate of Cohen & Steers, Inc. (NYSE: CNS) released the following statement regarding Southwest Gas Holdings (NYSE: SWX): As an investor in Southwest Gas Holdings ("SWX"), we are aware that IEP Utility Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of Icahn Enterprises Holdings L.P., a Delaware limited partnership, and Icahn Enterprises Holdings, along with other entities affiliated with Carl C.

Cohen & Steers Capital Management, Inc. Releases Statement on Southwest Gas Holdings

Urges Stockholders to Vote "FOR ALL" of Southwest Gas' Highly Qualified Director Nominees on the WHITE Proxy Card LAS VEGAS , April 7, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today announced it is mailing a letter to its stockholders in connection with its upcoming Annual Meeting of Stockholders (the "Annual Meeting"), scheduled for May 12, 2022. The Board strongly recommends that stockholders vote "FOR ALL" its director nominees on the WHITE proxy card promptly upon receipt.

Southwest Gas Mails Letter to Stockholders Highlighting Significant Value of MountainWest Acquisition

LAS VEGAS , April 5, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") is pleased to announce that the Delaware Court of Chancery today granted summary judgment in favor of the Company in connection with a lawsuit brought by Icahn Partners LP and Icahn Partners Master Fund LP. On February 11, 2022, the Company filed a motion for summary judgment in the lawsuit regarding Icahn's Special Meeting Proposal on the basis that the Special Meeting Proposal is not lawful and not consistent with the Company's organizational documents.

Southwest Gas Welcomes Summary Judgment Rejecting Carl Icahn's Proposal to Call a Special Meeting

Shares of Southwest Gas Holdings Inc. SWX, +0.86% fell 0.9% in premarket trading Tuesday, pulling back from the 3 1/2-year closing high in the previous session, after the natural gas company said the public letter from Carl Icahn was "false and misleading." The company, which recently rejected Icahn's increased buyout bid, said Icahn's claim that Southwest was "playing games" with the record date of its $400 million equity offering was "blatantly untrue," as the board proceeded with the offering "with full knowledge" that the purchasers of the newly issues shares would not be able to vote at the annual meeting.

Southwest Gas calls part of Icahn's letter to its shareholders were 'blatantly untrue'

LAS VEGAS , April 5, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today commented on an open letter to Southwest Gas stockholders published by Carl Icahn on April 4 th, 2022, that included a number of false and misleading assertions with respect to the Company's recent successful public offering of common stock to fund the equity portion of the MountainWest financing. After thoroughly considering all of the available options, the Southwest Gas Board of Directors executed the equity offering – which was distributed to a diverse set of purchasers and enabled the Company to raise new equity capital in significantly smaller amounts and at a better price than initially projected – to maximize value for all Southwest Gas stockholders.

Southwest Gas Comments on False and Misleading Letter from Carl Icahn

Sunny Isles Beach, Florida, April 4, 2022 — Today, Carl C. Icahn released the following open letter to the stockholders of Southwest Gas Holdings, Inc. ( SWX , Financial).

Icahn Writes Open Letter to Southwest Gas Shareholders

LAS VEGAS , April 1, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) is proud to announce that effective today its Dominion Energy Questar Pipeline subsidiaries have been rebranded as MountainWest Pipelines (collectively "MountainWest Pipelines"). Dominion Energy Questar Pipeline, LLC is now MountainWest Pipeline, LLC ("MountainWest").

Southwest Gas Holdings Completes Rebranding of Subsidiary MountainWest Pipelines

Southwest Gas (SWX) reported earnings 30 days ago. What's next for the stock?

Why Is Southwest Gas (SWX) Up 8.8% Since Last Earnings Report?

Southwest Gas Holdings Inc (NYSE: SWX) is trading lower in Monday's after-hours session after the company announced it commenced an underwritten public offering of $400 million of its common stock. Southwest Gas said it intends to use the proceeds to repay outstanding.

Why Southwest Gas Shares Are Sliding After Hours

Highlights Strategy to Create Long-Term Value for Stockholders Cautions that Icahn's Slate Facilitates Icahn's Attempts to Take Over Southwest Gas Without Paying an Appropriate Control Premium LAS VEGAS, March 28, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today announced it is mailing a letter to its stockholders in connection with its upcoming Annual Meeting of Stockholders (the "Annual Meeting"), scheduled for May 12, 2022. The letter highlights that stockholders should vote FOR ALL the Board's nominees on the WHITE proxy card in order to benefit from the transformation of Southwest Gas and the value unlocked by the spin-off of Centuri, noting that: The stakes are high – Mr.

Southwest Gas Mails Letter to Stockholders Reiterating Value Unlocked by Spin-Off of Centuri and Urging Stockholders to Vote the WHITE Proxy Card "FOR ALL" of Southwest Gas' Highly Qualified Directors

Determines Offer is Structurally Coercive and Not in the Best Interests of Stockholders Files Schedule 14D-9 Amendment with the SEC Recommending Stockholders Reject Inadequate, Coercive and Highly Conditional Offer LAS VEGAS , March 28, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) (the "Company") today announced that its Board of Directors, (the "Board") following a thorough review with the assistance of its financial and legal advisors, has unanimously determined that the revised tender offer from an affiliate of Carl Icahn ("Mr. Icahn") to acquire any and all outstanding common shares of the Company for $82.50 per share in cash (the "Offer") is inadequate, structurally coercive, highly conditional, undervalues the Company, and is not in the best interests of all of its stockholders.

Southwest Gas Board of Directors Unanimously Rejects Carl Icahn's Revised Unsolicited Tender Offer

Icahn Enterprises

SUNNY ISLES BEACH, Fla. , March 23, 2022 /PRNewswire/ -- IEP Utility Holdings LLC, an affiliate of Icahn Enterprises L.P.

Icahn Enterprises Announces Extension and Amendment to Southwest Gas Tender Offer

Net Proceeds from Offering to be Used to Redeem the Issuer's Outstanding Senior Notes due 2022 in Full, Repay Outstanding Amounts under the Issuer's Credit Facility and Other General Corporate Purposes Issuer Announces Extension of Term Loan Agreement LAS VEGAS , March 23, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) (the "Company") announced today that Southwest Gas Corporation (the "Issuer"), a wholly owned subsidiary of the Company, successfully issued $600 million of 10-year debt at 4.05% and extended $250 million of current debt maturities. The Issuer completed a public offering of $600 million aggregate principal amount of 4.05% Senior Notes due 2032 (the "Notes").

Southwest Gas Corporation Issues $600 Million of 4.05% Debt Due 2032

Sunny Isles Beach, Florida, March 14, 2022 — Today, Carl C. Icahn released the following open letter to the stockholders of Southwest Gas Holdings, Inc. ( SWX , Financial).

Icahn Sends Southwest Gas Shareholders Another Letter

Southwest Gas Holdings Inc. said it would evaluate Carl Icahn's tender offer for the Nevada utility, which was increased to $82.50 a share from $75.

Dow Jones Newswires: Southwest Gas to review Carl Icahn's increased offer

Advises Stockholders to Take No Action at this Time LAS VEGAS , March 14, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today confirmed that Icahn Enterprises LP ("Icahn") has revised its unsolicited tender offer to acquire any and all outstanding shares of Southwest Gas for $82.50 per share in cash. On November 9, 2021, the Southwest Gas Board unanimously determined that the previous unsolicited, highly conditional and illusory tender offer from Icahn to acquire any and all outstanding common shares of the Company for $75.00 per share in cash was inadequate, undervalued the Company, was structurally coercive and was not in the best interests of all stockholders.

Southwest Gas Holdings to Review Revised Unsolicited Tender Offer

SUNNY ISLES BEACH, Fla., March 14, 2022 /PRNewswire/ -- IEP Utility Holdings LLC, an affiliate of Icahn Enterprises L.P.

Icahn Enterprises Announces Increase in Tender Offer Price for Southwest Gas Tender Offer

IEP Utility Holdings LLC, a unit of Icahn Enterprises L.P. IEP, -0.56% , is raising the tender offer price for Southwest Gas Holdings Inc. SWX, +0.39% to $82.50 a share in cash from a previous price of $75 a share.

Icahn Enterprises' unit IEP Utility raises tender offer price for Southwest Gas to $82.50 a share in cash vs. $75

Icahn says CEO John Hester 'is the quintessential example of what is wrong in Corporate America.'

Icahn Writes Another Letter to Southwest Gas Shareholders

LAS VEGAS, March 7, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas") today issued the following statement in response to a publicly released letter from Carl C. Icahn. We are moving forward expeditiously to complete the separation of Centuri within 9 to 12 months because we believe that this is the optimal time to create two strong independent companies.

Southwest Gas Holdings Issues Statement

Southwest Airlines

Southwest Gas Holdings, Inc. (SWX) CEO John Hester on Q4 2021 Results - Earnings Call Transcript

Southwest Gas' (SWX) Q4 earnings surpass estimates. Southwest Gas is likely to benefit from inorganic growth through the acquisition of MountainWest and the Centuri spin-off.

News for Southwest Gas Hlds Stock (SWX)