Southwest Gas Holdings, Inc. (NYSE:SWX) Q4 2022 Results Conference Call March 1, 2023 1:00 PM ET

Company Participants

Thomas Moran - Vice President of General Counsel and Corporate Secretary

Karen Haller - President and Chief Executive Officer

Robert Stefani - CFO

Justin Brown - President of Southwest Gas Corporation

Paul Daily - President and Chief Executive Officer of Centuri Group

Conference Call Participants

Chris Ellinghaus - Siebert Williams

Ryan Levine - Citigroup Inc

Tim Winter - Gabelli Funds

Operator

Good day, and welcome to the Southwest Gas Holdings Investor Call. All participants are in a listen-only mode. [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Thomas Moran, Vice President, General Counsel and Corporate Secretary, Southwest Gas Holdings.

Thomas Moran

Thank you. Hello, everyone, and welcome to the Southwest Gas Holdings Fourth Quarter and Year-end 2022 Earnings Call. Throughout the call, we will be referencing presentation slides, which we have posted to our Investor Relations website.

I am joined on today's call by Karen Haller, President and CEO of Southwest Gas Holdings. Rob Stefani, Senior Vice President and Chief Financial Officer; Justin Brown, President of Southwest Gas Corporation; and Paul Daily, President and CEO of Century Group.

Please note that on today's call, the company will address certain factors that may impact this year's earnings and provide some longer-term guidance. Some of the information that will be discussed today contains forward-looking statements. These statements are based on management's assumptions, which may or may not come true, and you should refer to the language on Pages 2 and 3 of the presentation and the press release as well as our SEC filings for a description of the factors that may cause actual results to differ from our forward-looking statements.

All forward-looking statements are made as of today, and we assume no obligation to update any such statements. I will now turn the call over to Karen.

Karen Haller

Thanks, Tom. I'm pleased you're joining us today to discuss the Southwest Gas Holdings fourth quarter and year-end results. Turning to Slide 5. I'd like to start the presentation with some strategic updates over the last few months. In December, we announced that we were moving forward with two transactions.

The sale of MountainWest and the spin of Century. We announced the close of the MountainWest South Williams on February 14, 2023, and with the $1.1 billion in net proceeds going towards debt reduction at Southwest Gas Holdings, creating more flexibility with our balance sheet and financing needs.