Centuri NYSE: CTRI reported record quarterly revenue of $962 million in its second quarter, while raising its full-year 2026 outlook to reflect continued demand across its utility, electric and industrial end markets and the contribution from its recently completed JJ White acquisition.
Centuri Holdings (CTRI) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.19 per share a year ago.
Centuri Holdings is rated a Buy, with a fair value estimate of $36, reflecting 30% upside potential if the backlog converts to sustained margin improvement. CTRI leverages recurring utility MSAs, expanding data center work, and the J.J. White acquisition to drive margin expansion and EPS growth above revenue growth through 2029. Q1 2026 results show accelerating financial improvement: 31% revenue growth, nearly doubled base gross profit, and a 34% increase in adjusted EBITDA.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 134 | $3,460.8 | $2,748.34 | -$712.46 | -20.59% |
| BG Bart Gancher Intech Investment Management LLC | 17,493 | $417,858.81 | $416,945.65 | -$913.16 | -0.22% |
Northern Right Capital Northern Right Capital Management LP | 531,148 | $12.22M | $12.55M | $323,377.13 | 2.65% |
Joseph Castro Nuveen LLC | 764,076 | $17.55M | $15.66M | -$1.88M | -10.74% |
| TC Thomas Cagna Sandia Investment Management LP | 15,000 | $338,432 | $307,500 | -$30,932 | -9.14% |
| Financial Services Industry | Financials Sector | Christian Ian Brown CEO | NYSE Exchange | 155923105 CUSIP |
| US Country | 9,687 Employees | - Last Dividend | - Last Split | - IPO Date |
Centuri Holdings, Inc., rooted in over a century of operational history since its foundation in 1909, stands as a prominent utility infrastructure services provider across North America. Operating as a subsidiary of Southwest Gas Holdings, Inc., the company has built a reputation for its comprehensive range of services tailored to the utility infrastructure sector. With its headquarters in Phoenix, Arizona, Centuri Holdings, Inc. has diversified its operations into four distinct segments: U.S. Gas Utility Services; Canadian Gas Utility Services; Union Electric Utility Services; and Non-Union Electric Utility Services. This strategic segmentation enables the company to cater to a wide array of customer needs across various geographic locations and regulatory environments, emphasizing the modernization and enhancement of utility infrastructure for a sustainable future.
This segment encompasses a comprehensive suite of services targeted towards the maintenance, replacement, repair, and installation of local natural gas distribution utilities. By focusing on infrastructure modernization, Centuri Holdings, Inc. ensures the safe, efficient, and reliable delivery of natural gas to customers, supporting the utility sector's aim towards environmental sustainability and operational excellence.
Catering to both urban and local distribution networks, the electric utility services provided by Centuri Holdings focus on maintenance, replacement, repair, upgrade, and expansion. These services are critical for enhancing the resilience and capacity of electric transmission and distribution infrastructure. By addressing the growing needs for energy, particularly in renewable energy, data centers, and 5G datacom end markets, the company plays a pivotal role in supporting the transition to a more digital and renewable energy-driven economy.