Centuri Announces More than $345 Million in Customer Awards
Centuri Announces More than $345 Million in Customer Awards
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Key Terms
master services agreementstechnical
A master services agreement (MSA) is a standing contract that sets the main rules, prices, responsibilities and dispute processes for ongoing work between two businesses, while allowing separate, smaller work orders to be added over time. For investors it matters because an MSA can reduce uncertainty, speed up new deals, and cap costs or liabilities—effects that can make a company’s revenue more predictable and lower operational risk.
transmission linetechnical
A transmission line is the infrastructure—wires, towers, ducts or cables—that carries electricity or data over long distances from producers to users or networks. Investors care because these lines determine how reliably and cheaply power or communications can be delivered; like a highway for goods, congested or aging lines can cause delays, extra costs, outages or regulatory expenses that affect revenue, maintenance needs and future growth prospects.
smart utility infrastructuretechnical
Smart utility infrastructure is the network of electric, water, gas and related systems upgraded with sensors, automation and software so they monitor performance, fix problems faster and use resources more efficiently. For investors, it matters because these upgrades can lower operating costs, reduce outage risk, enable new revenue services and require significant upfront spending, much like replacing a simple road with a modern toll highway that costs more to build but runs smoother and can earn money over time.
compressor stationstechnical
Compressor stations are facilities along natural gas pipelines that boost the pressure of gas so it keeps flowing, like booster pumps for a long water hose. Investors care because these stations are essential for pipeline revenue and delivery reliability; their performance affects throughput, operating costs, maintenance needs, regulatory compliance, and potential environmental or permitting risks that can influence a utility or energy company’s cash flow and valuation.
traffic control and barricadingtechnical
Traffic control and barricading are the services and equipment used to direct vehicles and people safely around construction sites, roadworks, special events, or emergency scenes, using signs, cones, barriers, temporary lights and trained personnel—think of it as a temporary traffic cop and fence. For investors it signals a steady, regulation-driven market: companies selling these services win municipal or private contracts, face predictable demand tied to construction and safety rules, and help reduce legal and operational risks for their clients.
hyperscale data centertechnical
A hyperscale data center is a very large, highly automated facility designed to house thousands of servers and networking devices that can quickly expand to handle massive computing and storage needs. For investors it matters because these centers support cloud services, streaming and AI workloads that drive steady, high-volume revenue; owning or serving hyperscale capacity signals scale, lower per-unit costs and exposure to fast-growing digital demand.
PHOENIX--(BUSINESS WIRE)--
Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the "Company"), a leading North American utility and energy infrastructure services company, today announced more than $345 million in new commercial awards. The bookings span the U.S. and utilize the company’s comprehensive services for both natural gas and electric infrastructure.
Centuri teams perform natural gas infrastructure modernization work in Utah.
New projects and new or expanded Master Services Agreements (MSAs) comprise approximately 70% of the award value, with the remaining 30% representing renewals of existing MSAs with long-standing customers. The mix of work includes large scale power and utility infrastructure on behalf of hyperscale data center developers; multi-year natural gas distribution system replacement work; transmission line construction and maintenance; ongoing maintenance and installation of smart utility infrastructure; fabrication and system upgrades for natural gas compressor stations, and traffic control and barricading services.
“These awards reflect the diversification of our offerings and the ability and expertise of our teams to deliver high-quality solutions in support of our customers’ broad range of energy needs,” said Centuri President and CEO Christian Brown. “We also continue to invest in cultivating industry-leading talent that enables us to deliver best-in-class execution. These awards are an example of how we have positioned the business to deliver growth that creates tangible value for our shareholders.”
Today’s announced awards complement previous bookings, bringing the company’s total commercial awards for year-to-date 2026 to nearly $1.4B.
About Centuri
Centuri Holdings, Inc. is a strategic utility and energy infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as “will,” “predict,” “continue,” “forecast,” “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “may” and “assume,” as well as variations of such words and similar expressions referring to the future. The specific forward-looking statements made herein include (without limitation) statements regarding our ability to deliver increasing value for all our shareholders and the 2026 Centuri Annual Meeting of Shareholders. A number of important risks, uncertainties and other factors affecting the business and financial results of Centuri could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions and those detailed from time to time in Centuri’s reports filed with the Securities and Exchange Commission (the “SEC”), including Item 1A. Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri’s filings filed from time to time with the SEC. The statements in this press release are (i) made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise, and (ii) based on assumptions and assessments made by our management in light of their experience and perceptions of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Except to the extent required by applicable law, Centuri does not assume any obligation to update or revise the forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise. You are cautioned not to place undue reliance on these forward-looking statements.
