Previously Issued Condensed Consolidated Financial Statements - Schedule of Effects of the Prior-Period Errors on the Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
| CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net income (loss) |
$ 42,122
|
$ (37,600)
|
$ 180,496
|
$ 71,587
|
| Less: Loss from discontinued operations, net of income tax |
0
|
(36,869)
|
0
|
(61,970)
|
| Income (loss) from continuing operations, net of income tax |
42,122
|
(731)
|
180,496
|
133,557
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
77,846
|
68,940
|
177,449
|
162,630
|
| Deferred income taxes |
|
|
62,219
|
76,117
|
| Gains on sale of property and equipment |
|
|
0
|
(1,604)
|
| Share-based compensation expense |
|
|
6,880
|
7,253
|
| Changes in current assets and liabilities: |
|
|
|
|
| Accounts receivable, net of allowances |
|
|
52,022
|
68,319
|
| Deferred purchased gas costs |
|
|
(18,056)
|
120,709
|
| Accounts payable |
|
|
(84,060)
|
(68,915)
|
| Accrued taxes |
|
|
(2,319)
|
(21,136)
|
| Other current assets and liabilities |
|
|
(87,009)
|
(44,512)
|
| Changes in deferred charges and other assets |
|
|
(1,360)
|
(25,820)
|
| Changes in other liabilities and deferred credits |
|
|
(23,356)
|
(21,193)
|
| Net cash provided by operating activities of continuing operations |
|
|
308,224
|
428,594
|
| Net cash used in operating activities of discontinued operations |
|
|
0
|
(10,983)
|
| Net cash provided by operating activities |
|
|
308,224
|
417,611
|
| CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
|
| Capital expenditures and property additions |
(320,400)
|
(199,300)
|
(529,116)
|
(362,457)
|
| Other |
|
|
(333)
|
(176)
|
| Net cash used in investing activities of continuing operations |
|
|
(521,577)
|
(353,374)
|
| Net cash used in investing activities of discontinued operations |
|
|
0
|
(42,641)
|
| Net cash used in investing activities |
|
|
(521,577)
|
(396,015)
|
| CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
|
| Issuance of long-term debt, net |
|
|
|
0
|
| Retirement of long-term debt |
|
|
|
0
|
| Withholding remittance - share-based compensation |
|
|
(5,303)
|
(2,612)
|
| Proceeds from the sale of Centuri stock, net |
|
|
|
0
|
| Other, including principal payments on finance leases |
|
|
(175)
|
(4,121)
|
| Net cash used in financing activities of continuing operations |
|
|
(92,774)
|
(511,357)
|
| Net cash provided by financing activities of discontinued operations |
|
|
0
|
481,349
|
| Net cash used in financing activities |
|
|
(92,774)
|
(30,008)
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
87,500
|
137,866
|
| Income taxes paid, net |
|
|
507
|
13,069
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
(26,000)
|
(5,783)
|
| Continuing Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
87,500
|
105,303
|
| Income taxes paid, net |
|
|
507
|
0
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
(26,000)
|
(4,000)
|
| Discontinued Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
0
|
32,563
|
| Income taxes paid, net |
|
|
0
|
13,069
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
0
|
(1,783)
|
| Southwest Gas Corporation |
|
|
|
|
| CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net income (loss) |
40,757
|
45,646
|
178,528
|
188,241
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
$ 77,685
|
68,940
|
177,288
|
162,630
|
| Deferred income taxes |
|
|
56,785
|
41,982
|
| Gains on sale of property and equipment |
|
|
0
|
(1,604)
|
| Share-based compensation expense |
|
|
6,092
|
6,578
|
| Changes in current assets and liabilities: |
|
|
|
|
| Accounts receivable, net of allowances |
|
|
|
66,211
|
| Deferred purchased gas costs |
|
|
(18,056)
|
122,706
|
| Accounts payable |
|
|
(83,842)
|
(71,229)
|
| Accrued taxes |
|
|
(2,319)
|
(9,056)
|
| Other current assets and liabilities |
|
|
(83,780)
|
(44,524)
|
| Changes in deferred charges and other assets |
|
|
(519)
|
(26,378)
|
| Changes in other liabilities and deferred credits |
|
|
(23,895)
|
(19,459)
|
| Net cash provided by operating activities |
|
|
409,095
|
459,287
|
| CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
|
| Capital expenditures and property additions |
|
|
(529,116)
|
(362,457)
|
| Other |
|
|
69
|
290
|
| Net cash used in investing activities |
|
|
(521,175)
|
(352,908)
|
| CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
|
| Withholding remittance - share-based compensation |
|
|
(5,312)
|
(2,613)
|
| Other, including principal payments on finance leases |
|
|
(144)
|
(2,593)
|
| Net cash used in financing activities |
|
|
114,544
|
(94,415)
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
87,500
|
87,245
|
| Income taxes paid, net |
|
|
0
|
53
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
$ (26,000)
|
(4,000)
|
| As Reported |
|
|
|
|
| CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net income (loss) |
|
(10,329)
|
|
98,858
|
| Less: Loss from discontinued operations, net of income tax |
|
0
|
|
0
|
| Income (loss) from continuing operations, net of income tax |
|
(10,329)
|
|
98,858
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
|
103,163
|
|
231,076
|
| Deferred income taxes |
|
|
|
94,033
|
| Gains on sale of property and equipment |
|
|
|
(2,188)
|
| Share-based compensation expense |
|
|
|
11,003
|
| Changes in current assets and liabilities: |
|
|
|
|
| Accounts receivable, net of allowances |
|
|
|
17,082
|
| Accounts payable |
|
|
|
(67,223)
|
| Accrued taxes |
|
|
|
(25,778)
|
| Other current assets and liabilities |
|
|
|
(70,993)
|
| Changes in deferred charges and other assets |
|
|
|
(13,147)
|
| Changes in other liabilities and deferred credits |
|
|
|
(19,010)
|
| Net cash provided by operating activities of continuing operations |
|
|
|
417,611
|
| Net cash used in operating activities of discontinued operations |
|
|
|
0
|
| Net cash provided by operating activities |
|
|
|
417,611
|
| CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
|
| Capital expenditures and property additions |
|
|
|
(407,619)
|
| Other |
|
|
|
2,345
|
| Net cash used in investing activities of continuing operations |
|
|
|
(396,015)
|
| Net cash used in investing activities of discontinued operations |
|
|
|
0
|
| Net cash used in investing activities |
|
|
|
(396,015)
|
| CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
|
| Issuance of long-term debt, net |
|
|
|
113,932
|
| Retirement of long-term debt |
|
|
|
(75,125)
|
| Withholding remittance - share-based compensation |
|
|
|
(3,544)
|
| Proceeds from the sale of Centuri stock, net |
|
|
|
448,662
|
| Other, including principal payments on finance leases |
|
|
|
(9,309)
|
| Net cash used in financing activities of continuing operations |
|
|
|
(30,008)
|
| Net cash provided by financing activities of discontinued operations |
|
|
|
0
|
| Net cash used in financing activities |
|
|
|
(30,008)
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
137,866
|
| Income taxes paid, net |
|
|
|
13,069
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
(5,783)
|
| As Reported | Continuing Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
137,866
|
| Income taxes paid, net |
|
|
|
13,069
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
(5,783)
|
| As Reported | Discontinued Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
0
|
| Income taxes paid, net |
|
|
|
0
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
0
|
| As Reported | Southwest Gas Corporation |
|
|
|
|
| CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net income (loss) |
|
33,677
|
|
176,619
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Deferred income taxes |
|
|
|
51,504
|
| Changes in current assets and liabilities: |
|
|
|
|
| Accounts receivable, net of allowances |
|
|
|
68,311
|
| Deferred purchased gas costs |
|
|
|
120,709
|
| Accounts payable |
|
|
|
(69,232)
|
| Net cash provided by operating activities |
|
|
|
459,287
|
| Adjustments |
|
|
|
|
| CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net income (loss) |
|
(27,271)
|
|
(27,271)
|
| Less: Loss from discontinued operations, net of income tax |
|
0
|
|
0
|
| Income (loss) from continuing operations, net of income tax |
|
(27,271)
|
|
(27,271)
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
|
0
|
|
0
|
| Deferred income taxes |
|
|
|
27,271
|
| Gains on sale of property and equipment |
|
|
|
0
|
| Share-based compensation expense |
|
|
|
0
|
| Changes in current assets and liabilities: |
|
|
|
|
| Accounts receivable, net of allowances |
|
|
|
0
|
| Accounts payable |
|
|
|
0
|
| Accrued taxes |
|
|
|
0
|
| Other current assets and liabilities |
|
|
|
0
|
| Changes in deferred charges and other assets |
|
|
|
0
|
| Changes in other liabilities and deferred credits |
|
|
|
0
|
| Net cash provided by operating activities of continuing operations |
|
|
|
0
|
| Net cash used in operating activities of discontinued operations |
|
|
|
0
|
| Net cash provided by operating activities |
|
|
|
0
|
| CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
|
| Capital expenditures and property additions |
|
|
|
0
|
| Other |
|
|
|
0
|
| Net cash used in investing activities of continuing operations |
|
|
|
0
|
| Net cash used in investing activities of discontinued operations |
|
|
|
0
|
| Net cash used in investing activities |
|
|
|
0
|
| CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
|
| Issuance of long-term debt, net |
|
|
|
0
|
| Retirement of long-term debt |
|
|
|
0
|
| Withholding remittance - share-based compensation |
|
|
|
0
|
| Proceeds from the sale of Centuri stock, net |
|
|
|
0
|
| Other, including principal payments on finance leases |
|
|
|
0
|
| Net cash used in financing activities of continuing operations |
|
|
|
0
|
| Net cash provided by financing activities of discontinued operations |
|
|
|
0
|
| Net cash used in financing activities |
|
|
|
0
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
0
|
| Income taxes paid, net |
|
|
|
0
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
0
|
| Adjustments | Continuing Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
0
|
| Income taxes paid, net |
|
|
|
0
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
0
|
| Adjustments | Discontinued Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
0
|
| Income taxes paid, net |
|
|
|
0
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
0
|
| Adjustments | Southwest Gas Corporation |
|
|
|
|
| CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net income (loss) |
|
11,969
|
|
11,622
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Deferred income taxes |
|
|
|
(9,522)
|
| Changes in current assets and liabilities: |
|
|
|
|
| Accounts receivable, net of allowances |
|
|
|
(2,100)
|
| Deferred purchased gas costs |
|
|
|
1,997
|
| Accounts payable |
|
|
|
(1,997)
|
| Net cash provided by operating activities |
|
|
|
0
|
| As Restated |
|
|
|
|
| CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net income (loss) |
|
(37,600)
|
|
71,587
|
| Less: Loss from discontinued operations, net of income tax |
|
0
|
|
0
|
| Income (loss) from continuing operations, net of income tax |
|
(37,600)
|
|
71,587
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
|
103,163
|
|
231,076
|
| Deferred income taxes |
|
|
|
121,304
|
| Gains on sale of property and equipment |
|
|
|
(2,188)
|
| Share-based compensation expense |
|
|
|
11,003
|
| Changes in current assets and liabilities: |
|
|
|
|
| Accounts receivable, net of allowances |
|
|
|
17,082
|
| Accounts payable |
|
|
|
(67,223)
|
| Accrued taxes |
|
|
|
(25,778)
|
| Other current assets and liabilities |
|
|
|
(70,993)
|
| Changes in deferred charges and other assets |
|
|
|
(13,147)
|
| Changes in other liabilities and deferred credits |
|
|
|
(19,010)
|
| Net cash provided by operating activities of continuing operations |
|
|
|
417,611
|
| Net cash used in operating activities of discontinued operations |
|
|
|
0
|
| Net cash provided by operating activities |
|
|
|
417,611
|
| CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
|
| Capital expenditures and property additions |
|
|
|
(407,619)
|
| Other |
|
|
|
2,345
|
| Net cash used in investing activities of continuing operations |
|
|
|
(396,015)
|
| Net cash used in investing activities of discontinued operations |
|
|
|
0
|
| Net cash used in investing activities |
|
|
|
(396,015)
|
| CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
|
| Issuance of long-term debt, net |
|
|
|
113,932
|
| Retirement of long-term debt |
|
|
|
(75,125)
|
| Withholding remittance - share-based compensation |
|
|
|
(3,544)
|
| Proceeds from the sale of Centuri stock, net |
|
|
|
448,662
|
| Other, including principal payments on finance leases |
|
|
|
(9,309)
|
| Net cash used in financing activities of continuing operations |
|
|
|
(30,008)
|
| Net cash provided by financing activities of discontinued operations |
|
|
|
0
|
| Net cash used in financing activities |
|
|
|
(30,008)
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
137,866
|
| Income taxes paid, net |
|
|
|
13,069
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
(5,783)
|
| As Restated | Continuing Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
137,866
|
| Income taxes paid, net |
|
|
|
13,069
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
(5,783)
|
| As Restated | Discontinued Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
0
|
| Income taxes paid, net |
|
|
|
0
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
0
|
| Discontinued Operations |
|
|
|
|
| CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net income (loss) |
|
0
|
|
0
|
| Less: Loss from discontinued operations, net of income tax |
|
(36,869)
|
|
(61,970)
|
| Income (loss) from continuing operations, net of income tax |
|
36,869
|
|
61,970
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
|
$ (34,223)
|
|
(68,446)
|
| Deferred income taxes |
|
|
|
(45,187)
|
| Gains on sale of property and equipment |
|
|
|
584
|
| Share-based compensation expense |
|
|
|
(3,750)
|
| Changes in current assets and liabilities: |
|
|
|
|
| Accounts receivable, net of allowances |
|
|
|
51,237
|
| Accounts payable |
|
|
|
(1,692)
|
| Accrued taxes |
|
|
|
4,642
|
| Other current assets and liabilities |
|
|
|
26,481
|
| Changes in deferred charges and other assets |
|
|
|
(12,673)
|
| Changes in other liabilities and deferred credits |
|
|
|
(2,183)
|
| Net cash provided by operating activities of continuing operations |
|
|
|
10,983
|
| Net cash used in operating activities of discontinued operations |
|
|
|
(10,983)
|
| Net cash provided by operating activities |
|
|
|
0
|
| CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
|
| Capital expenditures and property additions |
|
|
|
45,162
|
| Other |
|
|
|
(2,521)
|
| Net cash used in investing activities of continuing operations |
|
|
|
42,641
|
| Net cash used in investing activities of discontinued operations |
|
|
|
(42,641)
|
| Net cash used in investing activities |
|
|
|
0
|
| CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
|
| Issuance of long-term debt, net |
|
|
|
(113,932)
|
| Retirement of long-term debt |
|
|
|
75,125
|
| Withholding remittance - share-based compensation |
|
|
|
932
|
| Proceeds from the sale of Centuri stock, net |
|
|
|
(448,662)
|
| Other, including principal payments on finance leases |
|
|
|
5,188
|
| Net cash used in financing activities of continuing operations |
|
|
|
(481,349)
|
| Net cash provided by financing activities of discontinued operations |
|
|
|
481,349
|
| Net cash used in financing activities |
|
|
|
0
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
0
|
| Income taxes paid, net |
|
|
|
0
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
0
|
| Discontinued Operations | Continuing Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
(32,563)
|
| Income taxes paid, net |
|
|
|
(13,069)
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
1,783
|
| Discontinued Operations | Discontinued Operations |
|
|
|
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
|
| Interest paid, net of amounts capitalized |
|
|
|
32,563
|
| Income taxes paid, net |
|
|
|
13,069
|
| Decrease of capital expenditures in Accounts payable or Other current liabilities |
|
|
|
$ (1,783)
|