- Major awards include multi-year Master Service Agreement (MSA) renewals with investor-owned utilities on the East Coast.
- Announcement also includes new MSA growth in the Southwest and significant project work in the Midwest.
PHOENIX–(BUSINESS WIRE)–$CTRI–Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”), a leading, North American utility and energy infrastructure services company, today announced it has recently secured more than $870 million in new bookings, reflecting strong customer demand and associated investment in enabling energy infrastructure. Approximately $178 million of the bookings were achieved prior to year-end and represent growth in scope, bringing our total bookings for 2025 to $4.5 billion.
Approximately 80 percent of the awards represent renewals of existing customer Master Service Agreements (MSAs), with the remaining 20 percent for new work, including new strategic bid awards and new MSAs. The announced award value is primarily comprised of several MSA renewals for an existing East-coast-based investor-owned utility customer and its subsidiaries, as well as a new gas distribution MSA with a new customer in the Southwest. Additional awards include a natural gas storage and compression facility, and a comprehensive pipeline and compressor station upgrade. These awards highlight Centuri’s core capabilities while reflecting the growing demand for the Company’s comprehensive energy infrastructure solutions.
“Securing such a substantial value of bookings to close 2025 and begin 2026 is a strong validation of our strategy and the trust our customers place in us based on disciplined execution and operational consistency, resulting in new and repeat business,” said Christian Brown, President and Chief Executive Officer of Centuri. “The bookings momentum we are seeing today reflects a continuation of the business fundamentals and secular tailwinds we experienced in 2025, positioning us for strong revenue and earnings growth in 2026 and beyond. We are focused on delivering predictable outcomes for our shareholders while supporting our customers as they look to enhance resiliency, expand capacity, and support unprecedented load growth.”
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, 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. Forward-looking statements could include (without limitation) statements regarding our confidence that our ongoing focus on strong project delivery and capital discipline, together with a diverse pipeline of future growth options, position us well as we head into 2026. A number of important factors affecting the business and financial results of Centuri could cause actual results to differ materially from those stated in any forward-looking statements. These factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions. 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 U.S. Securities and Exchange Commission. 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.
Contacts
For Centuri Shareholders, contact:
Nate Tetlow
(480) 851-8426
[email protected]
For Centuri media information, contact:
Jennifer Russo
(602) 781-6958
[email protected]
