Southwest Gas Holdings, Inc. released unaudited pro forma condensed consolidated financial statements due to the disposition of Centuri Holdings, Inc.
The Company sold a significant portion of its holdings in Centuri through various transactions.
After the transactions, Southwest Gas Holdings, Inc. no longer has a controlling financial interest in Centuri.
Centuri IPO Completion
Centuri Holdings, Inc. completed its initial public offering prior to the disposition transactions.
Ownership Reduction
Southwest Gas Holdings sold 18,823,500 shares of Centuri Common Stock in the Offering and Private Placement.
Deconsolidation Impact
The pro forma financial statements reflect the deconsolidation of Centuri's financial statements from Southwest Gas Holdings.
- The deconsolidation of Centuri impacts Southwest Gas Holdings' financial position and results of operations.
- The Company's equity and capitalization structure have undergone changes due to the disposition transactions.
The disposition of Centuri Holdings, Inc. marks a significant shift for Southwest Gas Holdings, Inc. in its ownership structure and financial position.