Centuri Holdings, Inc. (CTRI)

In the past six months, Centuri completed the acquisition of CAUS, expanding its presence in Atlantic Canada. The company announced nearly $500 million in new commercial awards across North America on December 11, 2025. On February 11, 2026, Centuri secured over $300 million in commercial awards, bringing year-to-date bookings to more than $1 billion. On April 9, 2026, Centuri announced over $345 million in new commercial awards for U.S. natural gas and electric infrastructure, including large-scale power projects for hyperscale data centers and multi-year utility system work, leading to a stock gap up. Centuri reported its Q4 and full-year 2025 results on February 25, 2026, achieving record annual revenue of $3 billion for 2025, a 13% increase from 2024, but the reported Q4 2025 earnings per share of $0.17 missed analysts' consensus estimates of $0.20. As of April 9, 2026, the stock had surged over 80% in the past year, trading near its 52-week high, which it reached around April 8, 2026.

Centuri Holdings, Inc. experiences demand seasonality, particularly in its gas business, and has initiated a plan to address the first-quarter seasonality in this segment.

Centuri Holdings, Inc. operates in the Utilities sector, specifically the Regulated Gas industry, providing comprehensive utility infrastructure services. The company's major products and services include maintenance, replacement, repair, and installation for local natural gas distribution utilities, with a focus on infrastructure modernization. Centuri also offers electric utility services, encompassing maintenance, replacement, repair, upgrade, and expansion for urban transmission and local distribution infrastructure, serving end markets such as distributed power projects and data centers. Centuri delivers its services through seven primary operating companies, utilizing both union and non-union workforces.

Centuri Holdings, Inc. has a significant geographic footprint across North America, operating in both the United States and Canada. In Canada, its operations extend to Atlantic Canada, including Nova Scotia, New Brunswick, and Newfoundland and Labrador, following the acquisition of Connect Atlantic Utility Services (CAUS). The company's headquarters are located in Phoenix, Arizona.

Centuri Holdings, Inc.'s brand reputation appears generally positive, supported by consistent securing of new and expanded commercial awards, highlighting its ability to deliver solutions for a broad range of energy needs and its diversification of offerings. The company's backlog increased significantly, ending 2025 at $5.9 billion, up 59% year-over-year, indicating strong demand for its services. Centuri also appointed Steven Nielsen, former CEO of Dycom Industries, to its board of directors. Analyst ratings for CTRI are mixed, with a consensus "Hold" rating, based on two buy ratings, one hold rating, and two sell ratings.

Centuri Holdings, Inc. has significant institutional ownership, with 208 institutional owners and shareholders holding a total of 106,071,822 shares as of April 9, 2026. Major institutional owners include Icahn Carl C, Vanguard Group Inc, BlackRock, Inc., Fmr Llc, Hill City Capital, LP, Carronade Capital Management, LP, D. E. Shaw & Co., Inc., Wellington Management Group Llp, J. Goldman & Co LP, and Federated Hermes, Inc. Individual insider ownership accounts for approximately 0.516% of the shares.