Southwest Gas Holdings Q3 net income rises to $270.5 million on Centuri sale gain
Southwest Gas Holdings reported third-quarter 2025 results that include a large gain from completing the separation of Centuri, its former subsidiary. Net income attributable to the company was $270.5 million, compared with $0.3 million a year earlier, while income from continuing operations was $4.2 million and consolidated operating revenues fell to $316.9 million from $359.1 million. The company reaffirmed its 2025 Southwest Gas net income guidance of $265 million to $275 million, with net income expected toward the top end of that range.
Key points
- Q3 2025 net income attributable to the company was $270.5 million, versus $0.3 million in Q3 2024, driven by a net gain on Centuri deconsolidation of about $278.8 million.
- Income from continuing operations was $4.2 million, or $0.06 per diluted share, versus a loss of $9.2 million, or $(0.13) per share, a year earlier.
- Consolidated operating revenues were $316.9 million for the quarter, down from $359.1 million in Q3 2024.
- S&P upgraded the company and Southwest Gas to BBB+ on September 22, 2025; 2025 net income guidance of $265 million to $275 million was reaffirmed.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.