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. reports news on its North American utility and energy infrastructure services business, including work for regulated utilities across the United States and Canada. Company updates commonly cover financial results, backlog, bookings, customer awards, and Master Service Agreements tied to natural gas distribution, electric transmission and distribution, smart utility infrastructure, storm restoration, and related construction and maintenance services.
Centuri news also includes strategic initiatives, renewable-energy infrastructure collaborations through operating platforms such as Riggs Distler and Connect Utility Services, capital actions, acquisitions that expand service capabilities, and board or executive governance changes.
Centuri (NYSE: CTRI) reported second quarter 2026 revenue of $962.0 million, up 33% year-over-year, with gross profit of $69.1 million and net income of $6.1 million. Adjusted net income was $24.4 million, up 44%, and adjusted EBITDA reached $75.7 million, up 5%.
Base revenue rose 36% to $959.5 million and base gross profit increased 21% to $75.7 million, though base gross margin declined to 7.9%, pressured by roughly $6 million higher fuel costs and $3 million U.S. Gas ramp-up investments. Centuri wrote down $9.0 million of City of Chicago receivables. Bookings were nearly $850 million in the quarter and $2.2 billion year-to-date, with backlog at $6.4 billion and opportunity pipeline at $16 billion. Net debt to adjusted EBITDA improved to 2.6x. Centuri closed the $62 million cash acquisition of JJ White and raised 2026 guidance, now targeting revenue of $3.59–$3.79 billion, base revenue of $3.5–$3.7 billion, adjusted EBITDA of $285–$310 million, and adjusted net income of $60–$75 million.
Centuri (NYSE: CTRI) released its 2025 Sustainability Report, outlining initiatives tied to its Vision One Centuri Strategy and progress against 15 key performance indicators. The report covers governance, risk management, workforce development, safety, community investment, and support for energy transition and grid resilience.
According to Centuri, highlights include establishing an enterprise-wide project management office, advancing a fleet strategy, maintaining safety performance benchmarked against BLS industry metrics, completing over 103 miles of electric infrastructure rebuild in Texas, launching four renewable natural gas projects, and investing $1 million in local communities. The report also notes a 100% conversion rate from military internships to full-time employment, 78 graduates from the Lineman Apprenticeship Program, onboarding more than 1,000 employees, a new standardized pre-job safety brief, updated Delegation of Authority, a third-party risk assessment, and formation of an AI Steering Committee. It incorporates SASB disclosure and alignment with six UN Sustainable Development Goals.
Centuri Holdings (NYSE: CTRI) announced it will report its second quarter 2026 financial results before the market opens on Tuesday, August 4, 2026. Management will host an earnings conference call at 10:00 AM ET / 7:00 AM PT to review results and business highlights.
The call will feature President & CEO Christian Brown and CFO Greg Izenstark, and will be webcast live via Centuri’s investor relations website. Investors may also join by phone using the provided numbers or attendee URL. A replay will be available on the IR site about two hours after the call and remain accessible for one year.
Centuri (NYSE: CTRI) has completed the acquisition of J.J. White, a mechanical and electrical construction services provider focused on power generation, data centers, and industrial markets. J.J. White will be integrated into Centuri’s Riggs Distler operation, expanding union electric capabilities across the Northeast and Mid-West.
Founded in 1920 and based in Philadelphia, J.J. White has nearly 1,000 employees, including more than 950 union field workers, and delivers in-plant, mechanical, electrical, and HVAC construction services for capital projects, maintenance, and outage/turnaround work. The business has $315 million in contracted backlog and over $2.8 billion in identified pipeline opportunities, including several data center projects. Centuri anticipates the acquisition will contribute more than $20 million in annual gross profit with margins aligned to its existing business and has reiterated its approximately 2x year-end 2026 leverage target.
Centuri (NYSE: CTRI) announced more than $360 million in new commercial awards, including a $125 million data center project. About 43% of value comes from new or expanded MSAs and 57% from renewals. Year-to-date 2026 commercial awards exceed $2 billion.
Centuri (NYSE: CTRI) announced more than $300 million in new commercial awards across gas, electric, and broader energy infrastructure services in the U.S. and Canada.
About 87% of the value is from new or expanded MSAs, 13% from renewals. Year-to-date 2026 commercial awards total about $1.7 billion, and Centuri now expects a book-to-bill of roughly 1.2x for the year. The company is also negotiating approximately $400 million of additional potential awards, including data center-related work, and highlighted a new award generated through its recent Canadian acquisition.
Centuri (NYSE: CTRI) announced participation in several second quarter 2026 investor conferences across major U.S. cities. Senior leaders, including the CEO, CFO, and VP of Investor Relations, are expected to attend, and a replay of the Wells Fargo event will be available on the company’s IR website.
Centuri (NYSE: CTRI) reported Q1 2026 revenue of $723.2M (+31% YoY) and gross profit of $35.8M (+76% YoY). Base Revenue was $688.7M and Base Gross Profit $28.0M. Backlog reached a record $6.5B (+44% YoY). Management introduced 2025–2029 targets including Base Revenue CAGR of 10–15% and a 2029 Base Gross Profit Margin target of 8.7–9.7%.
Centuri reiterated 2026 guidance: Revenue $3.24–3.54B, Base Gross Profit $255–285M, Adjusted EBITDA $280–310M, and expects Net CapEx $75–90M.
Centuri Holdings (NYSE: CTRI) will report Q1 2026 results after market close on Wednesday, May 6, 2026. The company will host an earnings conference call on Thursday, May 7, 2026 at 10:00 AM ET / 7:00 AM PT to discuss results, long-term strategy, and financial targets.
Speakers include Christian Brown, President & CEO, and Greg Izenstark, CFO. The call will be webcast live at https://investor.centuri.com. A replay will be available by dialing (800) 770-2030 with passcode 9636985# for one month starting about one hour after the call.
Riggs Distler, Smulders, and Cherubini Bridges & Structures signed a strategic Teaming Agreement to support fabrication and delivery of offshore wind infrastructure in Nova Scotia. The collaboration combines U.S., European, and Canadian fabrication capabilities to accelerate a domestic supply chain and support Canada’s 5 GW by 2030 offshore wind target.
Cherubini offers more than 250,000 sq ft of fabrication space with quayside access; the partners cite over 200 years of combined experience and local execution via Riggs’ Centuri platform and Connect Utility Services.