SWX 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-08-05

• materially consistent for the foreseeable future subject to the ultimate outcome of the Great Basin 2028 expansion project. Refer to Great Basin 2028 Expansion Project discussion below.

• Southwest Gas recognizes operating revenues from the distribution and transportation of natural gas (and related services) to customers. Operating margin is a financial measure defined by management as Regulated operations revenues less the net cost of gas sold. However, Operating margin is not spec…

• Reconciliation of Utility gross margin to Operating margin (Non-GAAP measure)

• (1) In connection with the deconsolidation of Centuri, certain amounts in Corporate and administrative that relate to the Centuri separation have been reclassified to discontinued operations for all periods presented as applicable.

• (2) Historically, Southwest Gas Corporation’s operating results have corresponded to the operating results of the Natural Gas Distribution Segment. The amounts reported in the table above differ from the Natural Gas Distribution segment for the six months ended June 30, 2025 due to the revision desc…

相对上期删除的文字 · 来源:10-Q · 2026-05-05

• Southwest Gas recognizes operating revenues from the distribution and transportation of natural gas (and related services) to customers. Operating margin is a financial measure defined by management as Regulated operations revenues less the net cost of gas sold. However, operating margin is not spec…

• Operations and maintenance (excluding Admin. & General) expense78,472 80,763

• Reconciliation of Gross Margin to Operating Margin (Non-GAAP measure)

• Operations and maintenance (excluding Admin. & General) expense78,472 80,763

• (1) In connection with the deconsolidation of Centuri, certain amounts in Corporate and administrative that relate to Centuri separation have been reclassified to discontinued operations for all periods presented as applicable.

相对上期新增的文字 · 来源:10-Q · 2026-08-05

• Based on the most recent evaluation, as of June 30, 2026, our Chief Executive Officer and Chief Financial Officer have concluded Southwest Gas Holdings’ and Southwest Gas’ disclosure controls and procedures were effective at attaining the level of reasonable assurance noted above.

• As previously reported on the Form 10-K filed for December 31, 2025, management identified a material weakness in internal control over financial reporting at Southwest Gas Holdings as the Company did not design and maintain an effective control to assess the impact on estimated future state income …

• Management has concluded that the actions taken to strengthen our internal control over financial reporting, as well as the results of our testing over the design and operating effectiveness of these controls, have remediated the previously identified material weakness as of June 30, 2026.

• In May 2026, the Company implemented a new financial close, consolidation, and reporting system as part of its financial reporting transformation initiative. The implementation resulted in a change to the Company's internal control over financial reporting by replacing certain manual financial state…

• During the quarter ended June 30, 2026, the Company enhanced certain existing internal controls and implemented new controls related to financial consolidation and reporting processes, user access management, change management, and the completeness and accuracy of financial data. In addition, manage…

相对上期删除的文字 · 来源:10-Q · 2026-05-05

• Based on the evaluation by management of the period covered by this report, management, including the Chief Executive Officer and Chief Financial Officer, believes the Company’s disclosure controls and procedures were not effective at attaining the level of reasonable assurance noted above due to th…

• Management evaluated the impact of the material weakness and has designed and is implementing changes to our internal control over financial reporting to address the material weakness in internal control over financial reporting described in our Annual Report. During the quarter ended March 31, 2026…

• While these remediation measures are ongoing, we believe the planned remediation activities will be sufficient to remediate the material weakness described in our Annual Report once completed. The material weakness, however, will not be considered remediated until the applicable controls operate for…

• Based on the most recent evaluation, as of March 31, 2026, management, including the Chief Executive Officer and Chief Financial Officer, believes Southwest Gas’ disclosure controls and procedures were effective at attaining the level of reasonable assurance noted above.

• Other than the changes outlined above to remediate the material weakness, there have been no changes in the Company’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the first quarter of 2026 that have materially affected, or are lik…