Centuri secures over $575 million in infrastructure contracts

PHOENIX - Centuri Holdings, Inc. (NYSE: CTRI), a utility infrastructure company with a market capitalization of $1.81 billion, announced today that it has secured more than $575 million in customer awards for utility infrastructure services across North America. According to InvestingPro analysis, the company's stock is currently trading near its Fair Value.

The bulk of the announced revenue comes from a multi-year contract renewal with an extended term for a long-standing natural gas utility customer in the Midwest. This contract covers gas distribution, transmission, and storage work.

Additional awards include projects to rebuild and construct utility-scale transmission lines, specifically a 115kV line in the East and a 28-mile, 345kV line in the West.

This announcement follows $350 million in new awards that the company reported on May 27, 2025.

"Securing this key contract renewal along with meaningful new project awards is a testament to the reputation our teams have built for quality, safety, and skilled craftsmanship," said Centuri President and CEO Christian Brown in the press release.

Centuri Holdings provides strategic utility infrastructure services partnering with regulated utilities across the United States and Canada. The company builds and maintains energy networks serving homes and businesses throughout North America.

The company's stock trades on the New York Stock Exchange under the ticker symbol CTRI.

The information in this article is based on a press release issued by Centuri Holdings.

In other recent news, Southwest Gas Holdings, Inc. has announced a secondary public offering of 9.5 million shares of Centuri Holdings, Inc. common stock. This offering includes a 30-day option for underwriters to purchase an additional 1.425 million shares. Additionally, Southwest Gas has agreed to sell $22 million in Centuri shares to entities affiliated with Carl C. Icahn in a concurrent private placement. This transaction is contingent on regulatory approval and must close by July 9, 2025. Centuri Holdings has also secured $350 million in infrastructure contracts, highlighting strong demand for modernization projects across electric and gas utilities, water relocation, and renewable energy. Moreover, Centuri has appointed Behzad Kazerani as Senior Vice President of Sales and Business Development for its U.S. Gas division. These developments come as Centuri continues to expand its role as a critical partner in utility infrastructure services across North America.

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