Home / Restatements / Southwest Gas Holdings, Inc.
Filed 2026-01-09 路 Form 8-K 路 Accession 0001692115-26-000004 mid
Price before filing: $79.15 (2026-01-08 close, split/dividend-adjusted)
Market cap at flag: $5.88B (2026-01-09) 路 Latest: $6.34B (2026-10-16)
| Window | SWX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +2.5% | +0.6% | +1.9% | 2026-02-09 |
| 90 days | +14.9% | -1.1% | +16.1% | 2026-04-09 |
| 180 days | +14.3% | +8.7% | +5.6% | 2026-07-08 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider sold $246K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-09: red flag filed | |||||||
| 2026-01-09 | Brown Justin L President/Southwest Gas Corp. | Sale | 3,028 | $81.08 | $246K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-10-11 to 2026-02-08. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"On January 9, 2026, the Audit Committee, following consultation with the Company's management and PricewaterhouseCoopers LLP, the Company's independent registered public accounting firm, concluded that the Company's unaudited Condensed Consolidated Financial Statements for the Restated Periods, previously reported in its Quarterly Reports on Form 10-Q for the three and six months ended June 30, 2025 and the three..."
Quoted from the filing. Source
The company says previously issued financial statements (or the auditor's report on them) should no longer be relied upon (8-K Item 4.02). Non-reliance on the financial statements themselves is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Scope: previously issued financial statements
Read the original filing on SEC.gov →
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