Centuri Holdings, Inc. (NYSE: CTRI) began Thursday sharply upward. 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.
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 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.”
CTRI gathered 57 cents, or 1.8%, to $32.67.
