SCHEDULE: Southwest Gas Holdings Confirms Majority Ownership in Centuri Holdings

Southwest Gas Holdings, Inc. has formally disclosed a 52.1% beneficial ownership stake in Centuri Holdings, Inc., holding over 46 million shares with sole voting and dispositive power.

Summary

• Southwest Gas Holdings, Inc. (Reporting Person) has filed an Amendment No. 3 to Schedule 13G concerning its beneficial ownership in Centuri Holdings, Inc. (Issuer).
• Southwest Gas Holdings, Inc. beneficially owns 46,185,710 shares of Centuri Holdings, Inc. Common Stock.
• This ownership represents 52.1% of the total class of securities.
• The percentage is calculated based on 88,649,154 shares of Common Stock outstanding as of June 13, 2025, as reported in Centuri's final prospectus dated June 16, 2025, and filed with the SEC on June 17, 2025.
• Southwest Gas Holdings, Inc. holds sole voting power and sole dispositive power over all 46,185,710 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing disclosing a significant beneficial ownership stake, which is a neutral factual report without explicit positive or negative financial performance implications.

Positives

• Southwest Gas Holdings, Inc. has established clear majority control over Centuri Holdings, Inc. with a 52.1% beneficial ownership stake.
• The reporting person holds sole voting and sole dispositive power over 46,185,710 shares, indicating full control over these shares.

Negatives

• No negative aspects or adverse events are disclosed in this beneficial ownership filing.

Risks

• No specific risks are detailed in this beneficial ownership filing, as it primarily serves to disclose ownership.

Future Outlook

This Schedule 13G filing is a factual disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding future outlook.

Industry Context

This filing highlights a significant ownership position by a utility holding company, Southwest Gas Holdings, in an infrastructure services provider, Centuri Holdings. Such a substantial stake often indicates a strategic relationship, potentially a spin-off or a key subsidiary, which is common in the utility sector for managing specialized service operations.

Comparison to Industry Standards

• A 52.1% ownership stake signifies a clear majority control, which is a standard threshold for establishing a controlling interest in a publicly traded company.
• While direct comparisons to specific companies or projects are not provided in this filing, the establishment of majority control aligns with common corporate strategies for integrating or maintaining oversight of key business segments or affiliates.

Related Party Transactions

• The filing itself discloses a significant ownership stake by Southwest Gas Holdings, Inc. in Centuri Holdings, Inc., establishing a related party relationship between the two entities. No other specific related party transactions are detailed.

Stakeholder Impact

• Shareholders of Centuri Holdings, Inc.: The majority ownership by Southwest Gas Holdings, Inc. means Southwest Gas has significant control over Centuri's strategic direction, operational decisions, and corporate governance.
• Shareholders of Southwest Gas Holdings, Inc.: This filing confirms their company's substantial investment and controlling interest in Centuri Holdings, Inc., which could impact Southwest Gas's consolidated financial performance and strategic focus.

Key Dates

Keywords

Centuri Holdings, Southwest Gas Holdings, Schedule 13G, Beneficial Ownership, Common Stock, Majority Stake, SEC Filing, Ownership Disclosure