Centuri Announces More than $475 Million in Customer Awards
Bookings include data center, major natural gas infrastructure, and electric transmission work
Press Release Disclaimer: This is a press release distributed through the XPR Media network. It has not been independently verified by our newsroom.
Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”), a leading, North American utility and energy infrastructure services company, today announced more than $475 million in new commercial awards. The bookings directly reflect the Company’s Vision One Centuri strategy, building on the Company’s foundational strengths, existing customer relationships, and commitment to pursue and win higher margin project work.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260817831753/en/
Aerial view of an active substation expansion, delivering the critical power infrastructure needed to support growing data center energy demands.
New projects and new or expanded Master Services Agreements (MSAs) comprise approximately 81% of the award value, with the remaining 19% representing renewals of existing MSAs with tenured customers. The mix of work includes multi-discipline scopes of work in support of a hyperscale data center, the first project secured as a result of the recent JJ White acquisition. In addition, the Company received a major project award to complete the third phase of complex natural gas infrastructure upgrades for a long-standing client. Other awards include the rebuild of 23 miles of transmission line for a new customer and installation of approximately 14 miles of natural gas pipeline under MSA renewal.
“Our latest commercial awards are the result of intentional pursuit of profitable growth in strategic markets, specifically diversified across our core electric and gas capabilities, with attractive opportunities in data centers as well as multi-stage projects that have historically delivered double digit profit margins,” said Centuri President and CEO Christian Brown. “In addition, we’re pleased to see immediate value resulting from our recent acquisition delivering increased scale to support the electric and industrial markets.”
Today’s announced awards complement previous bookings, bringing the Company’s total commercial awards for year-to-date 2026 to approximately $2.6 billion.
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 the new commercial awards strengthening the Company’s position in key new markets, extending its existing customer relationships, and supporting its long-term strategy to deliver sustainable growth; and the Company being well positioned to provide value for its customers through its expertise, size, and scale as investment in system modernization and resiliency continues at an unprecedented pace. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260817831753/en/
Media gallery
