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 secured $350 million in new customer awards across multiple utility and energy sectors in the United States. The awards include a major water relocation project in the Midwest, two electric utility projects in the Northeast, metro excavation work for a major Southwest utility, core gas distribution services, and complex infrastructure installations for renewable natural gas (RNG).
This announcement follows the previously disclosed $400 million in master service agreement (MSA) renewals from April 24. The new contracts demonstrate strong demand for Centuri's infrastructure modernization services across North America, where the company employs over 8,600 people to deliver safe, reliable, and sustainable infrastructure solutions.
Southwest Gas Holdings (NYSE: SWX) has completed its secondary public offering of Centuri Holdings (NYSE: CTRI) common stock, selling 10.35 million shares at $17.50 per share. Additionally, Icahn Partners purchased 2.86 million shares through a private placement at the same price. The company received approximately $175 million in net proceeds from the offering and $50 million from the private placement, totaling $225 million. The proceeds will be used to repay outstanding debt. After these transactions, Southwest Gas Holdings maintains a 65.9% ownership stake in Centuri.
Centuri Holdings (NYSE: CTRI) has announced a secondary public offering where Southwest Gas Holdings will sell 9,000,000 shares of Centuri's common stock. The underwriters will have a 30-day option to purchase an additional 1,350,000 shares. Additionally, Carl C. Icahn-affiliated investment entities will purchase $50 million worth of Centuri shares from Southwest Gas in a concurrent private placement at the same price as the offering.
J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities are serving as joint lead book-running managers, with BofA Securities and Moelis & Company acting as book-running managers. Centuri will not receive any proceeds from the offering as it is not selling any shares.
Southwest Gas Holdings (NYSE: SWX) has announced a secondary public offering of Centuri Holdings (NYSE: CTRI) common stock, offering 9,000,000 existing shares with an option for underwriters to purchase an additional 1,350,000 shares. Additionally, Icahn Partners and Icahn Partners Master Fund LP, affiliated with Carl C. Icahn, will purchase $50 million worth of Centuri shares in a concurrent private placement at the same price as the public offering.
The private placement is expected to close immediately after the public offering, subject to customary conditions. The offering will be made through an effective shelf registration statement filed with the SEC, with a preliminary prospectus supplement to be filed.
["Potential significant cash influx from the sale of 9 million shares plus possible 1.35 million additional shares", "Secured $50 million private placement deal with Icahn Partners", "Strategic divestment aligns with company's portfolio optimization"]Centuri Holdings (NYSE: CTRI) has rescheduled its first quarter 2025 earnings release and conference call from May 7 to Monday, May 12, 2025. The conference call will be held at 10:00 AM ET / 7:00 AM PT and will be accessible via webcast on the company's IR website or by telephone at (800) 549-8228.
Importantly, Centuri has affirmed its full year 2025 outlook, which includes:
- Revenue projection of $2.60 to $2.80 billion
- Adjusted EBITDA of $240 to $275 million
- Net capital expenditures of $65 to $80 million
Centuri Holdings (NYSE: CTRI) has secured nearly $400 million in customer awards for its U.S. Gas business segment. The awards include Master Service Agreement (MSA) renewals and territory expansion for a key gas utility client in the Northeast.
The scope of work encompasses the replacement of existing aged natural gas infrastructure and system betterment, utilizing the company's diversified union and non-union workforce. This announcement follows recent awards totaling over $850 million announced on April 1 and March 24.
Centuri Holdings (NYSE: CTRI), a North American utility infrastructure services company, has scheduled its 2025 first quarter financial results announcement for Wednesday, May 7, 2025. The company will host an earnings conference call at 10:00 AM ET / 7:00 AM PT featuring President & CEO Christian Brown and CFO Greg Izenstark.
Investors can access the live webcast through Centuri's investor relations website at investor.centuri.com. A dial-in option is available at (800) 549-8228, and a replay will be accessible at (888) 660-6264 with passcode 29379#. The replay feature will remain active for one month after the call.
Centuri Holdings (NYSE: CTRI) has secured over $360 million in new project awards across utility, energy, and data center markets in the US and Canada. The projects include construction of substation and underground electrical infrastructure for data centers, grid resiliency work for a major U.S. electric utility, industrial and mechanical work in the Northeast, and utility distribution infrastructure modernization.
This announcement follows nearly $500 million in multi-year customer awards announced on March 24, 2025. The new awards include a significant Master Service Agreement (MSA) and span diverse end markets, focusing on the company's core capabilities in gas, electric, and energy infrastructure solutions.
The projects address increasing demands for electric power, natural gas resources, and grid resiliency, driven by surging consumer usage, technological innovation including AI, and ongoing extreme weather events.
Centuri Holdings (NYSE: CTRI) has secured customer awards exceeding $490 million for early 2025, marking significant expansion in its utility infrastructure services. The agreements include renewals of two multi-year contracts with existing utility customers in the Northeast and Midwest, plus two new Master Service Agreements (MSAs) in the Pacific Northwest, representing geographical expansion.
The contracted work encompasses maintenance, repair, expansion, and upgrade of electric and gas systems for investor-owned utilities across the U.S. The company highlights that their customer relationships average 24 years, demonstrating long-term collaborative partnerships.