Centuri Secures Nearly $400 Million in New Commercial Awards Across the U.S.

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.

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10/01/2025 - 08:30 AM EDT

Awards span the coasts and include new projects, Master Service Agreement (MSA)

PHOENIX--(BUSINESS WIRE)-- Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the "Company"), a leading, North American utility infrastructure services company, today announced nearly $400 million in customer awards. The awards leverage Centuri’s core capabilities and demonstrate continued market capture across the United States’ utility and energy sectors. Approximately 70% of the new awards value represents project awards and a new master service agreement (MSA), with the remaining value related to MSA renewal.

Centuri announces nearly $400 million in new customer awards reflecting growing demand for their turnkey energy infrastructure solutions.

The announced scopes include a significant steel pipe replacement project with an existing customer in the Midwest in direct response to the PHMSA Gas Mega Rule. Also included is a multi-year contract with a long-tenured customer to support natural gas distribution replacement, system improvement, and growth across multiple service territories in New England. New projects reflect essential support system work to ensure reliable power delivery and connectivity in support of future data center operations, including the deconstruction and refurbishment of combustion and steam compressor turbines. Also included is the full project delivery of a clean energy project comprising a Mechanical Vapor Recompression (MVR) system to upgrade an existing ethanol plant. The awards complement the previously announced $300 million in awards on August 27.

“These commercial awards with both new and existing customers reflect not only the strength of the relationships we build but also our customers’ confidence in our ability to deliver and innovate,” said Centuri President and CEO Christian Brown. “These deliberate pursuits showcase the breadth and range of both our capabilities and project management expertise, and position us for sustained growth and long-term shareholder value creation.”

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.