Welcome to our dedicated page for Centuri Holdings news (Ticker: CTRI), a resource for investors and traders seeking the latest updates and insights on Centuri Holdings stock.
Centuri Holdings, Inc. (NYSE: CTRI) is a strategic utility and energy infrastructure services company that partners with regulated utilities and energy providers across the United States and Canada. The Centuri news feed on Stock Titan focuses on company announcements that explain how it supports electric and natural gas distribution networks and related infrastructure projects.
News about Centuri often covers new commercial awards, including large volumes of bookings tied to Master Service Agreements (MSAs) and project work with investor-owned utilities and other customers. Recent releases describe hundreds of millions of dollars in new bookings across North America, with a mix of MSA renewals and new contracts for gas and electric infrastructure work in regions such as the East Coast, Midwest, Southwest, and Atlantic Canada.
Investors and analysts following CTRI can use this page to review updates on segment performance, bookings, backlog, and strategic initiatives described in the company’s earnings releases and management commentary. Centuri’s news also highlights acquisitions, such as the purchase of Connect Atlantic Utility Services Corporation to expand its Canadian electric infrastructure capabilities, as well as leadership and governance developments and public equity offerings.
This news page aggregates Centuri’s press releases so readers can track themes like grid modernization, system resiliency, gas distribution construction, pipeline replacement, and substation upgrades that appear in company communications. By reviewing these updates in one place, users can better understand how Centuri’s commercial activity, capital decisions, and strategic moves relate to its role in North American energy infrastructure.
Centuri (NYSE: CTRI) reported record fiscal 2025 revenue of $2.98 billion and fourth-quarter revenue of $858.6 million, with full-year Adjusted EBITDA of $249.0 million. Key operational highlights include $4.5 billion of 2025 bookings, a year-end backlog of $5.9 billion (up 59% YoY), and a reduced Net Debt to Adjusted EBITDA of 2.5x.
Management provided 2026 guidance: Base Revenue $3.15–3.45 billion, Revenue $3.24–3.54 billion, Adjusted EBITDA $280–310 million, and Adjusted Net Income $55–75 million; guidance incorporates three-year storm restoration averages.
Centuri (NYSE: CTRI) announced it secured over $300 million in commercial awards on February 11, 2026, bringing year-to-date bookings to more than $1 billion. Approximately 67% of awards are new work and 33% are MSA renewals.
Work focuses on modernization of natural gas distribution across the Midwest and Northeast, includes a new major geographic area with a longstanding utility client, cast-iron pipe replacement in an urban center, and industrial project work for a Midwest electric cooperative.
Centuri Holdings (NYSE: CTRI) will report fourth quarter and full year 2025 financial results on Wednesday, February 25, 2026. The company will host an earnings conference call at 10:00 AM ET / 8:00 AM MT with CEO Christian Brown and CFO Gregory Izenstark.
The call will be webcast live on the investor relations site and a replay will be available by phone (passcode 40988#) for one month.
Centuri (NYSE: CTRI) announced more than $870 million in new commercial awards across North America on January 6, 2026, driven by multi-year Master Service Agreement renewals and new contracts.
Key facts: approximately $178 million of the awards were booked prior to year-end; total bookings for 2025 now stand at $4.5 billion. About 80% of the awards are MSA renewals and 20% are new work, including East Coast investor-owned utility renewals, a new Southwest gas distribution MSA, and projects for gas storage, compression, and pipeline/compressor upgrades.
Centuri (NYSE: CTRI) released its 2025 Sustainability Report — Building Trust, Powering the Future on December 15, 2025, outlining non‑financial performance and sustainability frameworks.
Key disclosures include performance vs 15 KPIs and alignment with 6 UN Sustainable Development Goals; a 14% reduction in Scope 1 emissions vs 2019 baseline; outperformance on BLS safety metrics (TRIR and DART); over $1 million in community philanthropic giving; and workforce initiatives including a lineman apprenticeship program.
The report highlights four Program Pillars: World‑Class Safety, Clean Energy, Empowered Communities, and Inclusion For All. Read the full report at the company sustainability site.
Centuri (NYSE: CTRI) announced nearly $500 million in new commercial awards across North America on December 11, 2025. Approximately 84% of the awards are new work and 16% are MSA renewals, spanning electric, gas, and telecom services in the U.S. and Canada.
The recognition raises Centuri’s 2025 year-to-date bookings to about $4.3 billion and the company says it has > 90% of its 2026 plan under contract. Highlighted projects include Midwest natural gas distribution construction, a multi-year urban pipeline replacement, and an East Coast substation upgrade.
Pilot Wave Holdings Management announced the sale of its portfolio company Connect Atlantic Utility Services to Centuri Holdings (CTRI) on November 20, 2025. Pilot Wave said it acquired Connect Atlantic to strengthen operations and scale in electric transmission, distribution and storm-restoration across Atlantic Canada and into the U.S.
During ownership Pilot Wave and CAUS leadership achieved operational improvements, spun off Detect Technologies (an AI inspection startup), and positioned Connect Atlantic for integration into Centuri's Canadian operations to expand regional capability.
Centuri (NYSE: CTRI) completed the acquisition of Connect Atlantic Utility Services (CAUS) on November 19, 2025, making Centuri a dual electric and gas services provider in Canada. The transaction expands Centuri’s geographic footprint into Atlantic Canada, with CAUS operating primarily in Nova Scotia, New Brunswick, and Newfoundland and Labrador.
CAUS supplies maintenance, construction, and storm services to electric utilities through a largely union workforce. Seale & Associates served as exclusive financial advisor and Bennett Jones LLP provided legal counsel. The companies cited Canada’s expected $2 trillion electricity-grid investment through 2050 as a market backdrop.
Centuri (NYSE: CTRI) priced an underwritten public offering of 7,441,860 shares of common stock with a 30-day underwriter option for an additional 1,116,279 shares. The Offering is expected to close on November 14, 2025, with gross proceeds of approximately $160 million assuming no option exercise.
Concurrently, investment entities affiliated with Carl C. Icahn will buy 3,488,372 shares in a private placement at the Offering price; that private placement is expected to close immediately after the Offering. Net proceeds are intended for general corporate purposes, including potential acquisitions and repayment of borrowings.
Centuri Holdings (NYSE: CTRI) announced an underwritten public offering of $160,000,000 of common stock with a 30‑day option for up to an additional $24,000,000. Concurrently, investment vehicles affiliated with Carl C. Icahn will purchase approximately $75,000,000 of common stock in a private placement at the offering price.
The company said net proceeds from the offering and private placement will be used for general corporate purposes, potentially including acquisitions and repayment of borrowings. A Form S‑3 registration statement has been declared effective by the SEC.