#United States #Las Vegas #stock offering #Southwest Gas #Centuri Holdings

Southwest Gas Holdings Announces Secondary Public Offering

On August 7, 2025, Southwest Gas Holdings, Inc. (NYSE: SWX) made a significant announcement regarding the commencement of a secondary public offering involving the common stock of Centuri Holdings, Inc. (NYSE: CTRI). This move is set to boost the market presence of both companies and facilitate strategic financial growth.

Details of the Offering

As part of this offering, Southwest Gas Holdings is positioned as the selling stockholder and will offer 15,000,000 existing shares of Centuri's common stock. Additionally, there is a provision allowing underwriters a 30-day option to purchase an additional 2,250,000 shares. This offering not only reflects confidence in Centuri’s business model but also provides an avenue for liquidity to expand its operations further.

In connection to this public offering, Icahn Partners and Icahn Partners Master Fund LP—entities associated with investor Carl C. Icahn—are expected to acquire a total of 1,573,500 shares of Centuri’s stock through a private placement, immediately following the public offering. The shares will be purchased at the Offering's price per share, signifying strong backing from notable investment entities.

Compliance and Regulatory Framework

The shares are being offered under an effective shelf registration statement, which Centuri has submitted to the U.S. Securities and Exchange Commission (SEC). Following the announcement, a preliminary prospectus supplement detailing the offering's terms will be filed by Centuri with the SEC, ensuring transparency and compliance with federal regulations. Prospective investors can access this information on the SEC's official website.

However, it should be noted that this press release does not constitute an offer to buy or sell securities, nor should it be construed as a solicitation within jurisdictions where such offers would be illegal prior to appropriate registration or qualification.

Company Backgrounds

Southwest Gas Holdings

Southwest Gas Holdings, Inc. operates primarily through its subsidiary, Southwest Gas Corporation. The company is committed to providing reliable natural gas services across Arizona, Nevada, and California, consistently addressing the needs of over 2 million customers. The firm aims to drive innovation in sustainable energy solutions while maintaining exceptional service reliability.

Centuri Holdings

Founded as a strategic utility infrastructure services company, Centuri Holdings collaborates with regulated utilities to construct and maintain vital energy networks across the U.S. and Canadian landscapes. Their services power millions of homes and businesses, marking them as a critical partner in the energy sector as the demand for infrastructure continues to surge.

Market Implications

This public offering is seen as a strategic maneuver to augment Centuri's resources, especially as it aligns with broader national trends toward sustainable energy infrastructure development. The infusion of capital from these share sales can enhance operational capabilities, expanding the utility service's outreach and efficacy.

Forward-Looking Statements

The release contains forward-looking statements in accordance with the U.S. Private Securities Litigation Reform Act. These reflect Southwest Gas Holdings' expectations for future developments but are subject to uncertainties. Factors such as market conditions, regulatory changes, and operational efficiencies could impact results substantially.

In conclusion, the announcement of this secondary public offering emphasizes the growth trajectory of both Southwest Gas Holdings and Centuri Holdings—poised to capture opportunities in an evolving energy landscape. Investors are advised to stay tuned for further disclosures as Centuri continues to establish its role as a leader in utility infrastructure services in North America.