On the Record · Southwest Gas Holdings

Southwest Gas Holdings acquisitions, on the record

The businesses Southwest Gas Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
MountainWest Word for word“Completed the MountainWest sale and paid down the remaining balance of the term loan used to initially fund the MountainWest acquisition” 10-K for 2023	divestiture	—	—
MountainWest Word for word“In the first quarter of 2023, the Company paid off (primarily with proceeds from the MountainWest sale) the remaining balance on the $1.6 billion term loan entered into in November 2021 in connection with the acquisition of MountainWest.” 10-K for 2023	acquisition	November 2021	$1.6 billion term loan
Graham County acquisition Word for word“foregoing a premium related to the Graham County acquisition as well as the recovery of $12 million of waived late fees” 10-K for 2023	acquisition	—	—
MountainWest (pipeline and storage segment) Word for word“The pipeline and storage segment (MountainWest) was sold in 2023 and was primarily engaged in the business of providing interstate transportation and underground storage services.” 10-K for 2024	divestiture	2023	—
Linetec Word for word“Acquired the remaining interest in Linetec previously held by noncontrolling parties” 10-K for 2024	acquisition	—	—
Centuri Word for word“On September 5, 2025, the Company completed its divestiture of its ownership in Centuri and no longer retains any governance or consent rights over the actions of Centuri under the Separation Agreement.” 10-K for 2025	divestiture	September 5, 2025	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses
2016-12-31	$17 million	—
2017-12-31	$94.2 million	—
2018-12-31	$251.4 million	—
2019-12-31	$47.6 million	—
2020-12-31	$0	—
2021-12-31	$2.35 billion	$0
2022-12-31	$18.8 million	$0
2023-12-31	$0	$1.02 billion
2024-12-31	$0	$0
2025-12-31	—	$0

Deal filings since 2016

2025-11-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-10-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-08-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-08-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2025-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-06-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-05-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-10-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-08-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-04-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-03-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-02-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-01-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-09-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-01-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2022-01-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-11-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-08-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Southwest Gas Holdings’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.