Centuri Holdings, Inc. (CTRI)

Centuri secured over $870 million in new commercial awards across North America on January 6, 2026. Executive leadership transition plans were announced on December 23, 2025. The 2025 Sustainability Report was released on December 15, 2025. Centuri secured nearly $500 million in new commercial awards across North America on December 11, 2025. The acquisition of Connect Atlantic Utility Services (CAUS) was completed on November 19, 2025. In November 2025, Centuri announced the pricing and launch of a public offering of common stock. Icahn Capital LP purchased Centuri shares on November 13, 2025. Third-quarter 2024 results were reported on November 6, 2025, and full-year guidance was reiterated. The final separation from Southwest Gas Holdings, Inc. was completed on September 5, 2025. On August 6, 2025, Centuri reported mixed second-quarter 2025 earnings. Southwest Gas Holdings, Inc. sold shares of Centuri on August 10, 2025, and July 7, 2025.

Specific details on demand seasonality are not explicitly detailed, but utility infrastructure services often imply some seasonality. Construction and maintenance activities can be influenced by weather conditions. Storm restoration services would likely see increased demand during periods of severe weather.

Centuri Holdings, Inc. is a North American utility infrastructure services company partnering with regulated utilities to construct, maintain, and expand energy networks. It operates in the Utilities sector, focusing on regulated gas and natural gas transmission & distribution. The company modernizes utility infrastructure through maintenance, retrofitting, and installation of electric and natural gas distribution networks. Centuri's services include gas and electric utility services, as well as renewable energy infrastructure development, data centers, and 5G datacom. The company operates through four segments: U.S. Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services.

Centuri Holdings, Inc. has an extensive geographic footprint across North America, operating in 87 locations within 43 U.S. states and two Canadian provinces.

Centuri Holdings, Inc. has maintained a strong brand reputation as a leading industrial services provider dedicated to building and maintaining critical infrastructure across North America. The company emphasizes its commitment to safety, quality, and customer satisfaction. The release of its 2025 Sustainability Report in December 2025 contributed to its reputation.

Centuri Holdings, Inc. has significant institutional ownership, with 327 institutional owners and shareholders holding 95,371,555 shares. Major institutional owners include Icahn Carl C, Vanguard Group Inc, and BlackRock, Inc. Carl C. Icahn is the largest individual shareholder, owning 14.34 million shares (16.17%). Christian Brown (President and CEO) and Julie Dill (Board of Directors) are individual insiders. Southwest Gas Holdings, Inc. was a significant owner and has been divesting its stake.