Centuri Holdings, Inc. (NYSE: CTRI) reported share prices droop slightly Tuesday. The company, purporting to be 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.
About $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,” according to this morning’s news release, “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.
CTRI shares fell 26 cents, or 1%, to $25.88.
