Centuri Holdings, Inc. (CTRI)

Centuri reported record quarterly revenue of $850.0 million, an 18.1% increase year-over-year, but its EPS of $0.06 missed forecasts by 87.23%. The stock surged 8.94% post-announcement, and the company raised its full-year revenue guidance to $2.8-$2.9 billion. Centuri acquired Connect Atlantic Utility Services (CAUS) to strategically grow in Canada's grid modernization efforts. Centuri secured nearly $500 million in new commercial awards in December 2025, with 84% being new work, and over $870 million in new commercial awards and bookings in January 2026, with approximately 80% being renewals. Over the last 12 months, Centuri's stock price increased by 22.34%, with a year-to-date return of 9.60% as of February 6, 2026.

Centuri Holdings, Inc. experiences demand seasonality, with the CEO acknowledging challenges from business seasonality. The nature of utility infrastructure services, particularly those related to natural gas, can be influenced by seasonal supply and demand swings. The company's focus on Master Service Agreements (MSAs) and recurring maintenance-oriented work orders provides a highly visible demand outlook, which can help mitigate some impacts of seasonality.

Centuri Holdings, Inc. is a utility infrastructure services company operating across North America, partnering with regulated utilities to construct and maintain energy networks. The company focuses on modernizing utility infrastructure through maintenance, retrofitting, and installation of electric and natural gas distribution networks, while also serving growing markets like renewable energy and 5G datacom infrastructure. Centuri's operations are segmented into U.S. Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services, providing comprehensive services for maintenance, replacement, repair, upgrade, and expansion.

Centuri Holdings, Inc. operates across 87 locations in 43 U.S. states and two Canadian provinces. In fiscal year 2023, 92% of its revenues were derived from the United States, with 33% from the Northeast, 21% from the Midwest, 29% from the South, and 9% from the West. The remaining 8% of revenues came from Canada.

Centuri Holdings, Inc. has a strong brand reputation built over 110 years, recognized for delivering high-quality solutions with a focus on safety, quality, and customer satisfaction. The company's role as a long-term strategic partner to utility providers underscores its standing in the industry. Securing over $870 million in new commercial awards, largely from renewals, highlights its embedded role in utility infrastructure work. The release of its 2025 Sustainability Report also contributes to a positive brand image.

Centuri Holdings, Inc. has a significant institutional ownership presence, with 304 institutional owners and shareholders holding a total of 93,855,953 shares. Major institutional holders include Icahn Capital Management, Vanguard Group Inc, BlackRock, Inc., Fmr Llc, Hill City Capital, LP, Wellington Management Group Llp, Carronade Capital Management, LP, Balyasny Asset Management Llc, Cooper Creek Partners Management Llc, and Conversant Capital LLC.