Centuri Announces Over $575 Million in Customer Awards Across the U.S.

Centuri Holdings announced over $575 million in new customer awards for utility infrastructure services across the United States.

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Awards reflect mix of gas and electric infrastructure work spanning the coasts

PHOENIX--(BUSINESS WIRE)-- Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the "Company"), a leading, North American utility infrastructure services company, today announced more than $575 million in customer awards. The awards reflect the company’s momentum in capturing opportunities to expand and modernize essential energy infrastructure.

Centuri crews build and maintain critical natural gas infrastructure.

The revenue value of the announced awards largely encompasses a significant multi-year contract renewal with a longer term for a long-standing natural gas utility customer in the Midwest for gas distribution, transmission, and storage work. The additional awarded scopes include the rebuild and construction of utility-scale transmission lines, including a 115kV line in the East and a 28-mile, 345kV line in the West. Today’s announcement complements the previously announced $350 million in new awards on May 27, 2025.

“Securing this key contract renewal along with meaningful new project awards is a testament to the reputation our teams have built for quality, safety, and skilled craftsmanship,” said Centuri President and CEO Christian Brown. “It not only reaffirms the trust our partners place in us but illustrates the fruitful results of our focus on business development and high-quality service delivery. As the need for reliable, sustainable infrastructure accelerates, our teams stand ready to deliver deep expertise and best-in-class project execution.”

Learn more about Centuri’s capabilities at https://centuri.com.

About Centuri

Centuri Holdings, Inc. is a strategic utility 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 may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, 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. Forward-looking statements could include (without limitation) statements regarding our confidence in our prospects to deliver value for our stockholders as an independent standalone company and our expectation to continue to build on our track record of delivering consistent growth by serving our customers across the utility value chain. A number of important factors affecting the business and financial results of Centuri could cause actual results to differ materially from those stated in any forward-looking statements. These factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions. 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 made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise. Centuri does not assume any obligation to update any 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250623273581/en/

For Centuri Shareholders, contact:
(623) 879-3700
Investors@Centuri.com

For Centuri media information, contact:
Jennifer Russo
(602) 781-6958
JRusso@Centuri.com

Source: Centuri Holdings, Inc.