Southwest Gas Completes Share Offering and Private Placement

Southwest Gas ( (SWX) ) just unveiled an announcement.

On May 20, 2025, Southwest Gas Holdings, Inc. entered into an underwriting agreement to sell 9,000,000 shares of its Centuri Holdings, Inc. common stock, with an option for underwriters to purchase an additional 1,350,000 shares. The offering closed on May 22, 2025, generating net proceeds of approximately $175 million, which the company intends to use for debt repayment. Concurrently, Southwest Gas also completed a private placement of 2,857,142 shares to Icahn Partners, raising an additional $50 million. Furthermore, the company decided not to pursue a tax-free spin-off of Centuri, leading to the expiration of related rights on May 20, 2025.

The most recent analyst rating on (SWX) stock is a Hold with a $76.00 price target. To see the full list of analyst forecasts on Southwest Gas stock, see the SWX Stock Forecast page.

Spark’s Take on SWX Stock

According to Spark, TipRanks’ AI Analyst, SWX is a Neutral.

Southwest Gas’ overall score reflects its strengths in operational efficiency and positive earnings call, indicating strategic growth and regulatory success. However, challenges with revenue decline, high leverage, and adverse technical trends weigh on the score. The valuation suggests potential overvaluation, slightly balanced by a decent dividend yield.

To see Spark’s full report on SWX stock, click here.

More about Southwest Gas

Southwest Gas Holdings, Inc. operates in the energy sector, primarily focusing on the distribution and sale of natural gas. The company is known for its utility services and has a market focus on providing energy solutions to residential, commercial, and industrial customers.

Average Trading Volume: 457,903

Technical Sentiment Signal: Buy

Current Market Cap: $5.11B

For an in-depth examination of SWX stock, go to TipRanks’ Stock Analysis page.