Centuri secures $400 million in gas infrastructure deals

PHOENIX - Centuri Holdings, Inc. (NYSE: CTRI), a prominent North American utility infrastructure services company with a market capitalization of $1.51 billion, has secured nearly $400 million in contracts for its U.S. Gas business segment through multiple Master Service Agreement (MSA) renewals. These renewals, which also broaden the company’s reach into new territories in the Northeast for a significant gas utility client, underscore Centuri’s role in the replacement and enhancement of aging natural gas infrastructure.

The company’s recent commercial successes, which include over $850 million in new awards announced earlier in April, reflect the trust and confidence of its clients. According to InvestingPro data, Centuri generated $2.64 billion in revenue over the last twelve months, though with a relatively modest gross profit margin of 8.37%. Centuri’s President and CEO, Christian Brown, emphasized the importance of these renewals as milestones in achieving profitable growth and as a testament to the company’s reliable delivery of projects.

The work outlined in the agreements capitalizes on Centuri’s diverse workforce, which includes both union and non-union members, to execute essential infrastructure projects safely and within budget. This announcement comes on the heels of a productive period for Centuri, which has consistently demonstrated its capabilities in utility infrastructure services.

Centuri, which partners with regulated utilities to construct and maintain energy networks across the U.S. and Canada, has positioned itself as a contractor of choice by leveraging its core gas distribution competencies. The company’s strategic focus remains on building and sustaining the energy grid powering millions of homes and businesses.

While the press release includes forward-looking statements, it is important to note that actual results may vary based on various factors, including market risks and economic conditions. InvestingPro analysis reveals that while the company wasn’t profitable in the last twelve months, analysts expect net income growth this year. With 13 days until the next earnings report and multiple additional ProTips available, investors can access comprehensive analysis through InvestingPro’s detailed research reports. The information provided is based on a press release statement, and Centuri does not undertake any obligation to update the forward-looking statements provided.

Investors and industry observers will be watching Centuri’s performance closely, as these newly announced contracts are likely to play a significant role in the company’s growth trajectory. The stock has experienced a significant 31.95% decline over the past year, though the company maintains a healthy current ratio of 1.57, indicating strong short-term liquidity. For deeper insights into Centuri’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, part of their coverage of over 1,400 US equities.

In other recent news, Centuri Holdings, Inc. reported its fourth-quarter earnings, surpassing analyst estimates with adjusted earnings per share of $0.21 against the expected $0.19. The company’s revenue for the quarter reached $717.1 million, marking a 6% increase from the previous year. Despite this positive earnings report, Centuri’s stock experienced a decline as investors focused on the company’s 2025 revenue forecast, which ranges between $2.6 billion and $2.8 billion, aligning closely with analysts’ projections. In another development, Centuri secured over $490 million in new and renewed utility contracts, expanding its reach into the Pacific Northwest and renewing agreements in the Northeast and Midwest. Additionally, the company announced the acquisition of over $360 million in utility infrastructure contracts across the United States and Canada, emphasizing its role in constructing substations and enhancing grid resiliency. Centuri also held its Annual Meeting of Stockholders, where shareholders approved the executive compensation package and re-elected all director nominees. PricewaterhouseCoopers LLP was ratified as the independent auditor for the fiscal year. These developments highlight Centuri’s ongoing growth and commitment to infrastructure improvements.

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