Core Viewpoint - Southwest Gas Holdings, Inc. is conducting a secondary public offering of 9,000,000 shares of Centuri Holdings, Inc. at a price of $17.50 per share, with an additional option for underwriters to purchase 1,350,000 shares [1][2] Group 1: Offering Details - The offering is expected to close on May 22, 2025, subject to customary closing conditions [1] - Icahn Partners and Icahn Partners Master Fund LP will purchase $50 million in shares of Centuri's common stock in a concurrent private placement at the same price per share as the public offering [2] - The shares are being offered under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission [4] Group 2: Underwriters and Management - J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities are acting as joint lead book-running managers for the offering [3] - BofA Securities and Moelis & Company are serving as book-running managers, with additional co-managers including Baird, KeyBanc Capital Markets, and others [3] Group 3: Company Background - Southwest Gas Holdings, Inc. operates through its subsidiary Southwest Gas Corporation, providing natural gas services to over 2 million customers in Arizona, Nevada, and California [6] - Centuri Holdings, Inc. partners with regulated utilities to build and maintain energy networks across the U.S. and Canada [7]

LAS VEGAS, May 20, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced the commencement of an underwritten secondary public offering of Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri") common stock (the "Offering"), pursuant to which Southwest Gas Holdings, as the selling stockholder, is offering 9,000,000 existing shares of Centuri's common stock. Southwest Gas Holdings expects to grant the underwriters a 30-day option to purchase up to a ...

Group 1 - Centuri Holdings reported a quarterly loss of $0.12 per share, better than the Zacks Consensus Estimate of a loss of $0.16, and a significant improvement from a loss of $137.53 per share a year ago, indicating a 25% earnings surprise [1] - The company posted revenues of $550.08 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 3.68%, and showing an increase from $528.02 million in the same quarter last year [2] - Centuri shares have increased approximately 10.5% since the beginning of the year, contrasting with a -3.8% decline in the S&P 500 [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $667.42 million, and for the current fiscal year, it is $0.57 on revenues of $2.67 billion [7] - The Zacks Industry Rank for Utility - Electric Power is in the top 22% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8]

LAS VEGAS, May 6, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced that it has rescheduled the release of its financial results and conference call related to the first quarter ended March 31, 2025, which had previously been scheduled for May 7, 2025.Southwest Gas Holdings plans to issue financial results and hold its earnings conference call for the first quarter of fiscal year 2025 on Monday, May 12, 2025.The conference call will be ...