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 Holdings (NYSE:CTRI) has completed its separation from Southwest Gas Holdings following Southwest Gas' sale of its remaining 27,362,210 shares of Centuri's common stock on September 5, 2025. The company did not receive any proceeds from this transaction.
Following this ownership exit, Christopher Krummel has been appointed as the new Board Chair, replacing Karen Haller, who will remain on the Board but has stepped down from the compensation committee. Mr. Krummel, who brings over 30 years of financial executive experience in energy and construction, has served on Centuri's Board since its 2024 IPO.
As a fully independent public company, Centuri aims to focus on predictable earnings growth, execution, and capital efficiency in its core gas and electric utility infrastructure services business.
Southwest Gas Holdings (NYSE: SWX) has completed the separation of Centuri Holdings (NYSE: CTRI) through a registered public offering. The company sold all of its 27.36 million shares of Centuri common stock at $19.60 per share, generating net proceeds of approximately $525 million.
Following this strategic transformation, Southwest Gas Holdings has fully repaid all holding company debt, including its term loan, and now holds approximately $600 million in cash. The company plans to use these resources primarily for future capital investments at Southwest Gas Corporation, including a potential 2028 expansion of Great Basin Gas Transmission Company.
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 27,362,210 existing shares at $19.60 per share.
The offering is expected to close on September 5, 2025, subject to customary conditions. Upon completion, Southwest Gas Holdings will fully divest its ownership in Centuri, no longer holding any shares. J.P. Morgan is serving as the underwriter for this offering.
The shares are being offered through an effective shelf registration statement filed with the SEC, with detailed information available in the prospectus supplement.Centuri Holdings (NYSE:CTRI) has announced the pricing of a secondary public offering where Southwest Gas Holdings will sell 27,362,210 shares of Centuri's common stock. The offering is expected to close on September 5, 2025, with J.P. Morgan acting as the underwriter.
Importantly, Centuri will not sell any shares in this offering and will not receive any proceeds from the sale. The offering will be conducted through a registration statement on Form S-3 that has been filed and declared effective by the SEC.
Centuri Holdings (NYSE:CTRI) announced a secondary public offering where Southwest Gas Holdings will sell 27,362,210 shares of Centuri's common stock. J.P. Morgan will serve as the underwriter for the offering.
The company emphasized that it will not sell any shares in this offering and will not receive any proceeds from the sale. The offering will be conducted through a registration statement on Form S-3 that has been filed and declared effective by the SEC.
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.