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.
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.
Southwest Gas Holdings (NYSE: SWX) has completed its secondary public offering of Centuri Holdings (NYSE: CTRI) common stock, selling 17,250,000 shares at $19.50 per share, including the full exercise of the underwriters' over-allotment option.
Additionally, Icahn Partners purchased 1,573,500 shares in a concurrent private placement at the same price. SWX received total net proceeds of approximately $356 million ($325M from offering + $31M from private placement) and retains a 30.9% ownership in Centuri. The company will now deconsolidate Centuri from its financial statements and account for its remaining interest using the equity method.
The proceeds will be used for debt repayment and general corporate purposes.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 15 million existing shares at $19.50 per share, with an option for underwriters to purchase up to 2.25 million additional shares within 30 days.
Additionally, Icahn Partners and affiliated entities will purchase 1,573,500 shares from Southwest Gas Holdings in a concurrent private placement at the same price per share. The offering is expected to close on August 11, 2025, with major financial institutions including J.P. Morgan, Wells Fargo Securities, BofA Securities, and Moelis & Company serving as joint lead book-running managers.
Centuri Holdings (NYSE: CTRI) has announced the pricing of a secondary public offering where Southwest Gas Holdings will sell 15,000,000 shares of Centuri's common stock. The underwriters have a 30-day option to purchase an additional 2,250,000 shares.
Concurrent with the offering, investment entities affiliated with Carl C. Icahn will purchase 1,573,500 shares from Southwest Gas in a private placement at the same price. The offering is expected to close on August 11, 2025. Centuri will not receive any proceeds from either transaction as it is not selling any shares.
The offering is being managed by multiple financial institutions, with J.P. Morgan, Wells Fargo Securities, BofA Securities, and Moelis & Company acting as joint lead book-running managers.
Centuri Holdings (NYSE: CTRI) has announced a significant secondary public offering where Southwest Gas Holdings will sell 15,000,000 shares of Centuri's common stock. The underwriters will have a 30-day option to purchase an additional 2,250,000 shares.
Concurrent with the offering, investment entities affiliated with Carl C. Icahn will purchase 1,573,500 shares in a private placement at the same price as the public offering. J.P. Morgan, Wells Fargo Securities, BofA Securities, and Moelis & Company are serving as joint lead book-running managers for the offering.
Notably, Centuri will not sell any shares or receive any proceeds from either transaction, as Southwest Gas is the selling stockholder.
Southwest Gas Holdings (NYSE: SWX) has announced a secondary public offering of Centuri Holdings (NYSE: CTRI) common stock. The offering includes 15 million existing shares with an additional 30-day option for underwriters to purchase up to 2.25 million shares.
Additionally, Icahn Partners and Icahn Partners Master Fund LP, affiliated with Carl C. Icahn, will purchase 1,573,500 shares of Centuri's common stock in a concurrent private placement at the same price as the public offering. The private placement will close after the main offering, with the main offering not being contingent on the private placement's completion.
Centuri Holdings (NYSE:CTRI) reported Q2 2025 results with revenue increasing 7.7% to $724.1 million compared to Q2 2024. Net income decreased to $8.1 million ($0.09 per share) from $11.7 million ($0.14 per share) year-over-year. The company achieved strong bookings of $1.8 billion in Q2, contributing to a book-to-bill ratio of 2.3x in H1 2025.
Notable segment performance included revenue growth in Canadian Gas (+18.1%), Union Electric (+11.0%), and Non-Union Electric (+24.4%), while U.S. Gas slightly declined (-1.1%). The company raised its full-year 2025 revenue guidance to $2.70-2.85 billion from $2.60-2.80 billion and narrowed Adjusted EBITDA outlook to $250-270 million.
Post quarter-end, Centuri enhanced its financial flexibility by expanding its credit facility to $450 million and extending debt maturities to 2030 and 2032.
Southwest Gas Holdings (NYSE: SWX) reported Q2 2025 financial results, highlighting significant operational and financial developments. The company recorded a Q2 net loss of $12.9 million, compared to net income of $18.3 million in Q2 2024, primarily due to tax impacts from Centuri stock sales. However, adjusted net income increased 71% to $38.6 million.
Key highlights include: $470 million debt reduction through Centuri follow-on offerings, improved utility ROE to 8.3%, and regulatory progress in Arizona and Nevada. The company's Great Basin Gas Transmission expansion project saw increased demand to 1.76 Bcf per day. Southwest Gas added 40,000 new meter sets, achieving 1.8% customer growth, and maintained strong liquidity with $356 million in cash and over $1.0 billion in available funds.
[ "Debt reduction of $470 million through successful Centuri follow-on offerings", "Utility ROE improved to 8.3% over trailing 12 months", "Natural Gas Distribution earnings grew 22% over Q2 2024", "Customer base expanded by 40,000 new meter sets (1.8% growth)", "Great Basin Gas Transmission project demand increased to 1.76 Bcf per day", "Strong liquidity position with $356M cash and over $1B available", "Adjusted net income increased 71% year-over-year to $38.6M" ]