Centuri Holdings, Inc. (NYSE:CTRI) ("Centuri" or the "Company"), a leading North American utility and energy infrastructure services company, today announced more than $345 million in new commercial awards. The bookings span the U.S. and utilize the company's comprehensive services for both natural gas and electric infrastructure.
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Centuri teams perform natural gas infrastructure modernization work in Utah.
New projects and new or expanded Master Services Agreements (MSAs) comprise approximately 70% of the award value, with the remaining 30% representing renewals of existing MSAs with long-standing customers. The mix of work includes large scale power and utility infrastructure on behalf of hyperscale data center developers; multi-year natural gas distribution system replacement work; transmission line construction and maintenance; ongoing maintenance and installation of smart utility infrastructure; fabrication and system upgrades for natural gas compressor stations, and traffic control and barricading services.
"These awards reflect the diversification of our offerings and the ability and expertise of our teams to deliver high-quality solutions in support of our customers' broad range of energy needs," said Centuri President and CEO Christian Brown. "We also continue to invest in cultivating industry-leading talent that enables us to deliver best-in-class execution. These awards are an example of how we have positioned the business to deliver growth that creates tangible value for our shareholders."
Today's announced awards complement previous bookings, bringing the company's total commercial awards for year-to-date 2026 to nearly $1.4B.
About Centuri
Centuri Holdings, Inc. is a strategic utility and energy infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as "will," "predict," "continue," "forecast," "expect," "believe," "anticipate," "outlook," "could," "target," "project," "intend," "plan," "seek," "estimate," "should," "may" and "assume," as well as variations of such words and similar expressions referring to the future. The specific forward-looking statements made herein include (without limitation) statements regarding our ability to deliver increasing value for all our shareholders and the 2026 Centuri Annual Meeting of Shareholders. A number of important risks, uncertainties and other factors affecting the business and financial results of Centuri could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions and those detailed from time to time in Centuri's reports filed with the Securities and Exchange Commission (the "SEC"), including Item 1A. Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri's filings filed from time to time with the SEC. The statements in this press release are (i) made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise, and (ii) based on assumptions and assessments made by our management in light of their experience and perceptions of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Except to the extent required by applicable law, Centuri does not assume any obligation to update or revise the forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise. You are cautioned not to place undue reliance on these forward-looking statements.
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For Centuri Shareholders, contact:
Nate Tetlow
(480) 851-8426
[email protected]
For Centuri media information, contact:
Jennifer Russo
(602) 781-6958
[email protected]