Centuri Holdings Inc Stock Price, News & Analysis

Centuri Holdings (NYSE:CTRI) has secured nearly $400 million in new customer awards across the United States, demonstrating strong market expansion in utility and energy sectors. The awards comprise approximately 70% in new project awards and a new MSA, with the remainder representing MSA renewal.

Key projects include a significant steel pipe replacement project in the Midwest addressing PHMSA Gas Mega Rule compliance, a multi-year natural gas distribution contract in New England, data center power infrastructure support, and a clean energy project featuring an MVR system for ethanol plant upgrades. These awards follow previously announced $300 million in awards from August 27.

Centuri Holdings (NYSE:CTRI) has completed its separation from Southwest Gas Holdings following Southwest Gas' sale of its remaining 27,362,210 shares of Centuri's common stock on September 5, 2025. The company did not receive any proceeds from this transaction.

Following this ownership exit, Christopher Krummel has been appointed as the new Board Chair, replacing Karen Haller, who will remain on the Board but has stepped down from the compensation committee. Mr. Krummel, who brings over 30 years of financial executive experience in energy and construction, has served on Centuri's Board since its 2024 IPO.

As a fully independent public company, Centuri aims to focus on predictable earnings growth, execution, and capital efficiency in its core gas and electric utility infrastructure services business.

Southwest Gas Holdings (NYSE: SWX) has completed the separation of Centuri Holdings (NYSE: CTRI) through a registered public offering. The company sold all of its 27.36 million shares of Centuri common stock at $19.60 per share, generating net proceeds of approximately $525 million.

Following this strategic transformation, Southwest Gas Holdings has fully repaid all holding company debt, including its term loan, and now holds approximately $600 million in cash. The company plans to use these resources primarily for future capital investments at Southwest Gas Corporation, including a potential 2028 expansion of Great Basin Gas Transmission Company.

Southwest Gas Holdings (NYSE: SWX) has announced the pricing of a secondary public offering of Centuri Holdings (NYSE: CTRI) common stock. The company is offering 27,362,210 existing shares at $19.60 per share.

The offering is expected to close on September 5, 2025, subject to customary conditions. Upon completion, Southwest Gas Holdings will fully divest its ownership in Centuri, no longer holding any shares. J.P. Morgan is serving as the underwriter for this offering.

Centuri Holdings (NYSE:CTRI) has announced the pricing of a secondary public offering where Southwest Gas Holdings will sell 27,362,210 shares of Centuri's common stock. The offering is expected to close on September 5, 2025, with J.P. Morgan acting as the underwriter.

Importantly, Centuri will not sell any shares in this offering and will not receive any proceeds from the sale. The offering will be conducted through a registration statement on Form S-3 that has been filed and declared effective by the SEC.

Centuri Holdings (NYSE:CTRI) announced a secondary public offering where Southwest Gas Holdings will sell 27,362,210 shares of Centuri's common stock. J.P. Morgan will serve as the underwriter for the offering.

The company emphasized that it will not sell any shares in this offering and will not receive any proceeds from the sale. The offering will be conducted through a registration statement on Form S-3 that has been filed and declared effective by the SEC.

Southwest Gas Holdings (NYSE: SWX) has announced plans to sell its entire stake of 27,362,210 shares of Centuri Holdings (NYSE: CTRI) through a secondary public offering. Following the completion of this offering, Southwest Gas Holdings will completely divest its ownership in Centuri.

The offering will be conducted through an effective shelf registration statement filed with the SEC, with a preliminary prospectus supplement to be filed detailing the terms of the offering. The sale will be executed in compliance with Securities Act requirements and regulatory guidelines.

Centuri Holdings (NYSE:CTRI), a North American utility infrastructure services company, has secured over $300 million in new customer awards across multiple U.S. regions. The awards include projects to power data center campuses in Pennsylvania, new distribution work contracts for gas and electric utilities in the Midwest and Southeast, and a Master Service Agreement (MSA) renewal with a Northeast utility customer.

These awards follow previously announced $550 million in contracts from July 9, 2025, demonstrating strong commercial momentum. The scope encompasses utility capital plans, infrastructure upgrades, electric transmission line relocation, and grid hardening work. CEO Christian Brown highlighted the company's success in capturing market opportunities and delivering profitable growth through their comprehensive service offering.

Centuri Holdings (NYSE:CTRI), a North American utility infrastructure services company, has appointed Nate Tetlow as Vice President of Investor Relations. Tetlow, a seasoned finance executive with over 20 years of experience, will lead the company's investor relations program and serve as the primary liaison to the investment community.

Tetlow joins Centuri from Equitrans Midstream Corporation, where he served as SVP, Commercial Services. His experience includes leading IPOs, executing multi-billion-dollar M&A deals, and establishing comprehensive investor relations programs. He holds an MBA from Carnegie Mellon University, a BS in Finance from Virginia Tech, and is a CFA charterholder.