Centuri Holdings, Inc. (CTRI)

Centuri Holdings, Inc. had its IPO on April 18, 2024, priced at $21.00. In July 2024, the stock price declined after the company reported second-quarter financial results that fell short of market expectations. Southwest Gas Holdings, Inc. divested its stake through secondary public offerings in May and June 2025. Centuri announced significant customer awards in March, June and July 2025. The company's third-quarter 2024 results showed a year-over-year decline, but benefited from increased storm restoration services.

The demand for Centuri Holdings, Inc.'s products and services can be influenced by seasonal patterns. The company's third-quarter 2024 financial results benefited from increased storm restoration services, primarily due to the impacts of Hurricane Beryl and Hurricane Helene.

Centuri Holdings, Inc. operates in the Utilities sector, providing utility infrastructure services such as construction, maintenance, and repair of natural gas pipelines, electric power transmission, and water infrastructure. The company's services include gas pipeline installation, electric grid modernization, water and wastewater pipeline solutions, renewable energy infrastructure development, energy storage system installation, and oil and gas facility maintenance. Centuri also offers specialized construction and engineering services, including civil engineering and design, construction management, and environmental compliance services.

Centuri Holdings, Inc. operates across the United States and Canada and has recently expanded its geographic reach, securing new customer awards in regions including the Northeast, Midwest, and the Pacific Northwest.

Centuri Holdings, Inc. emphasizes its long-term customer relationships and reputation as a client-focused energy infrastructure partner. However, the company's reputation faced scrutiny in August 2024 when Levi & Korsinsky commenced an investigation into possible violations of federal securities laws, following the company's second-quarter financial results that missed analyst expectations and a subsequent drop in stock price.

Centuri Holdings, Inc. is a subsidiary of Southwest Gas Holdings, Inc., which has been divesting its stake through public offerings. Icahn Partners LP and Icahn Partners Master purchased shares of Centuri's common stock in a private placement in May 2025.