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 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" ]Centuri Holdings (NYSE:CTRI), a North American utility infrastructure services company, has scheduled its 2025 second quarter earnings release for August 6th, 2025. The company will host a conference call at 10:00 AM ET / 7:00 AM PT featuring CEO Christian Brown and CFO Gregory Izenstark.
Investors can access the call via webcast on the company's IR website at investor.centuri.com or by dialing (800) 549-8228. A replay will be available for one month by calling (888) 660-6264 with passcode 29657#.
Centuri Holdings (NYSE:CTRI), a North American utility infrastructure services company, has appointed Jason Lentz as Senior Vice President of Fleet and Procurement, effective August 11. Lentz will oversee the company's fleet and sourcing strategy, managing over $1 billion in fleet assets across its operating companies.
Lentz brings nearly 30 years of experience in energy and construction sectors, most recently serving as Vice President of Supply Chain at Michels Corporation, where he managed 17,000 fleet assets globally. His appointment aligns with Centuri's strategy to optimize capital allocation through balanced ownership and leasing approaches.
Centuri Holdings (NYSE:CTRI) has secured over $550 million in new customer awards, demonstrating significant growth in its utility infrastructure services business. The awards include a major multi-year contract renewal with one of the largest regulated combination utilities in the U.S., along with strategic expansion into adjacent territories.
The company will also construct a Renewable Natural Gas facility in the Northeast - their fourth such project for their union electric division. This announcement follows closely after $575 million in awards announced on June 23, 2025, bringing their recent total contract awards to over $1.1 billion.