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 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.
Centuri (NYSE: CTRI) reported Q4 2024 financial results with revenue of $717.1 million and net income of $10.3 million ($0.12 per share). Q4 Adjusted EBITDA reached $70.7 million with a 9.9% margin. Full-year 2024 revenue totaled $2.64 billion with a net loss of $6.7 million and Adjusted EBITDA of $238.2 million (9.0% margin).
The company's backlog stands at $3.7 billion, with 90% related to MSA revenue. Net debt to Adjusted EBITDA ratio improved to 3.6x from 4.0x year-over-year. Q4 saw increased emergency restoration services revenue, particularly from Hurricanes Helene and Milton, and improved crew counts in Non-Union Electric business.
For 2025, Centuri projects revenue between $2.60-2.80 billion, Adjusted EBITDA of $240-275 million, and net capital expenditures of $65-80 million.
Southwest Gas Holdings (NYSE: SWX) reported strong financial results for Q4 and full-year 2024. The company achieved consolidated net income of $92.5M ($1.28 per share) in Q4 and $198.8M ($2.76 per share) for the full year. The utility segment delivered an 8.1% ROE and approximately 8% year-over-year earnings growth.
Key highlights include:
- Utility net income grew to $261.2M in 2024 from $242.2M in 2023
- Added 41,000 new meter sets (1.8% growth rate)
- Achieved full-year utility gross margin of $0.7B and record annual operating margin of $1.3B
- Completed Centuri Holdings IPO in April 2024
- Maintained flat O&M expenses per customer year-over-year
- Invested $859M in capital expenditures, up ~15% from 2023
The company secured regulatory approvals including a $59M annual revenue increase in Nevada with 9.5% ROE. Additional rate cases are pending in Arizona ($126M), Great Basin (~$13M), and California (~$50M).
Centuri Holdings (NYSE: CTRI) has announced it will release its fourth quarter and full year 2024 financial results on February 26, 2025. The company will host an earnings conference call at 10:00 AM ET / 8:00 AM MT on the same day.
The call will feature presentations from Christian Brown, President & CEO, and Greg Izenstark, CFO. Investors can access the webcast through Centuri's investor relations website. A replay option will be available via telephone for one month after the call using passcode 13315#.
Centuri Holdings (NYSE: CTRI) has announced its 2025 Annual Meeting of Stockholders will be held on April 16, 2025, with the exact location and time to be determined. The company outlined key deadlines for stockholder proposals: submissions must be made between December 17, 2024, and January 16, 2025. Stockholders wishing to include proposals in proxy materials under Rule 14a-8 must submit by December 17, 2024. Those planning to solicit proxies for director nominees must comply with Rule 14a-19(b) requirements.
Centuri Holdings (NYSE: CTRI) reported Q3 2024 financial results with revenue of $720.1 million and a net loss of $3.7 million ($0.04 loss per share). The company secured $350 million in new business awards and maintained a $4.3 billion backlog. Q3 performance was marked by improved electric business and increased storm restoration services, generating $41.4 million in revenue. Despite quarterly declines, management reiterated 2024 guidance with expected revenue of $2.5-2.7 billion and Adjusted EBITDA margin of 9.0-9.6%.