Company Overview - Centuri Holdings is a leading utility infrastructure services provider in North America, focusing on gas and electric segments, and has a diversified portfolio [5] - The company emphasizes infrastructure modernization and critical utility support, positioning itself as a key partner in the evolving energy landscape [5] - As of February 12, 2026, Centuri's market capitalization is $3.14 billion, with a revenue of $2.84 billion and a net income of $2.51 million [4] Recent Developments - On February 13, 2026, ACK Asset Management LLC disclosed it fully exited its position in Centuri Holdings, selling 1,375,000 shares for approximately $29.11 million [2] - The sale resulted in a decline of $29.11 million in the quarter-end value for the position, and the fund no longer holds any Centuri shares [2] Financial Performance - Centuri reported record quarterly revenue of $850 million in November, representing an 18.1% year-over-year increase [6] - Base revenue, excluding storm work, increased by 25%, while base gross profit rose by 28% [6] - Adjusted EBITDA was reported at $75.2 million, and adjusted diluted EPS improved to $0.19 from $0.06 a year ago [6] - The company secured $815 million in quarterly bookings, achieving a book-to-bill ratio of 1.8x and raising its backlog to a record $5.9 billion [6] Stock Performance - Centuri shares have increased by 45.9% over the past year, significantly outperforming the S&P 500 by 33.0 percentage points [7] - As of February 12, 2026, the share price was $31.11 [7] Industry Context - Centuri's services include maintenance, replacement, repair, and installation for gas and electric utilities, with a focus on modernization and expansion of energy infrastructure [8] - The company serves a variety of utility companies and has exposure to end markets such as renewable energy, data centers, and telecommunications [8] - The growth in backlog indicates durable demand linked to utility modernization, although leverage and margin discipline will be crucial for sustained shareholder returns [9]

Core Viewpoint - Centuri Holdings Inc. (NYSE:CTRI) is highlighted as a strong IPO stock to consider for investment, supported by a robust investment cycle in the Engineering & Construction sector [1][3]. Group 1: Investment Ratings and Price Targets - Cantor Fitzgerald initiated coverage on Centuri with an Overweight rating and a price target of $34, citing a strong multi-year investment cycle in the sector [1]. - Wells Fargo analyst Joseph O'Dea raised the price target for Centuri from $25 to $30, maintaining an Overweight rating, while noting a cautious approach in setting market expectations for 2026 [3]. Group 2: Growth Drivers - The growth of Centuri is driven by factors such as grid modernization, electrification, energy transition efforts, and increased power demand from data centers and reshoring, which contribute to record backlogs and long-term revenue visibility [2]. - Cantor Fitzgerald emphasized Centuri's highly recurring, MSA-driven utility revenue and accelerating electric growth, along with rapid post-spin deleveraging that supports significant valuation upside [2]. Group 3: Company Overview - Centuri Holdings Inc. operates as a utility infrastructure services company in North America, with four segments: US Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services [4].

Core Insights - Centuri Holdings, Inc. (CTRI) has reported $870 million in new billings for the first quarter of FY26, indicating a robust start and setting a positive outlook for the fiscal year [1] Company Performance - The new billings of $870 million reflect a significant growth trajectory for Centuri Holdings, positioning the company favorably within the power transmission industry [1] Industry Context - The power transmission industry is currently experiencing substantial growth to meet increasing power demands, which is beneficial for companies like Centuri Holdings [1]

Group 1 - The article highlights the expertise of Michael Del Monte as a buy-side equity analyst specializing in technology, energy, industrials, and materials sectors [1] - Michael Del Monte has over a decade of experience in professional services across various industries including Oil & Gas, Oilfield Services, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary [1] Group 2 - The article does not provide any specific financial data or performance metrics related to companies or sectors [2][3]

Core Insights - Centuri Holdings, Inc. (NYSE:CTRI) is recognized as one of the 10 Best Performing Utility Stocks in 2025 [1] - The company specializes in infrastructure services, collaborating with regulated utilities and energy providers to maintain energy networks across the US and Canada [2] Financial Performance - On January 7, Wells Fargo analyst Joseph O'Dea increased the price target for Centuri Holdings from $25 to $30, indicating an upside potential of nearly 8% from the current share price [3] - Centuri Holdings secured $870 million in new bookings for energy infrastructure services, with $178 million of these bookings obtained before year-end, bringing the total awards for the previous year to $4.5 billion [4] Business Strategy and Outlook - Approximately 80% of the new bookings are renewals of existing customer Master Service Agreements (MSAs), while the remainder includes new work and strategic bid awards [4] - CEO Christian Brown emphasized that the substantial value of bookings reflects strong customer trust and operational consistency, positioning the company for robust revenue and earnings growth in 2026 and beyond [5]

Core Viewpoint - Centuri Holdings Inc. is identified as a promising investment opportunity, with a price target increase from Wells Fargo, despite anticipated sector slowdowns [1][3]. Financial Performance - In Q3 2025, Centuri Holdings reported revenue of $850 million, marking an 18% year-over-year increase, driven by a 25% rise in base revenue and a 28% increase in base gross profit [2]. - The company's backlog grew to $5.9 billion from $5.3 billion in the previous quarter, supported by $815 million in new bookings during Q3 [2]. Strategic Focus - Centuri Holdings is prioritizing higher-margin opportunities, particularly in data center projects, which offer better margins compared to traditional Master Service Agreements (MSAs) [3]. - The company has a $3 billion pipeline of strategic bids, consisting of $1.7 billion in new bid work and $1.3 billion in renewals, with a project distribution of 60% electrical and 40% gas [3]. Company Overview - Centuri Holdings operates as a utility infrastructure services company in North America, divided into four segments: US Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services [4].

Core Insights - Centuri Holdings, Inc. has released its 2025 Sustainability Report titled "Building Trust, Powering the Future," which outlines the company's sustainability efforts and progress on key non-financial performance indicators [1][2] Sustainability Strategies - The report emphasizes Centuri's commitment to earning trust and building credibility through effective communication of its sustainability strategies amid complex energy challenges [2] - It includes technical sustainability frameworks and quantifiable metrics, detailing performance against 15 Key Performance Indicators and six United Nations Sustainable Development Goals (UNSDGs) [2] Operational Highlights - Centuri's sustainability approach is structured around four core Program Pillars: World-Class Safety, Clean Energy, Empowered Communities, and Inclusion For All [3] - The company has achieved a 14% reduction in Scope 1 emissions from the 2019 baseline and is actively delivering renewable energy projects across North America [4] Community Engagement - Centuri has contributed over one million dollars in philanthropic giving to support communities [5] - The company has established a signature lineman apprenticeship program, along with mentorship and development opportunities to create meaningful employment [5] Company Overview - Centuri Holdings, Inc. is a strategic utility infrastructure services company that collaborates with regulated utilities and energy providers to build and maintain the energy network serving millions of homes and businesses in the United States and Canada [6]

Core Insights - Centuri Holdings, Inc. (NYSE:CTRI) experienced a share price increase of 3.91% from December 5 to December 12, 2025, ranking among the top energy stocks for the week [1] - The company reached a 52-week high on December 11 after securing new customer awards totaling $500 million, bringing year-to-date bookings to approximately $4.3 billion [3] Company Overview - Centuri Holdings is a strategic infrastructure services company that collaborates with regulated utilities and energy providers to construct and maintain the energy network serving millions of homes and businesses in the US and Canada [2] Recent Developments - The new contracts consist of 84% for new work and 16% for renewals, leveraging the company's core electric and gas capabilities for utility and telecommunications clients in both Canada and the US [3] - Christian Brown, President and CEO, emphasized the growth in end markets and customer confidence in the company's ability to deliver complex projects safely and on schedule [3] Future Outlook - The company has over 90% of its 2026 plan under contract, indicating a strong pipeline of future opportunities [3] - Wells Fargo has reiterated a 'Buy' rating for Centuri Holdings, setting a price target of $25 [3]

Core Insights - Tensile Capital Management initiated a new stake in Centuri Holdings, acquiring 812,088 shares valued at approximately $17.2 million, indicating institutional confidence in the company [1][2] - Centuri Holdings has shown strong financial performance with record quarterly revenue and a significant backlog, suggesting robust growth potential [10][11] Company Overview - Centuri Holdings is a leading utility infrastructure services provider with a diversified portfolio across gas and electric segments in the U.S. and Canada, focusing on modernization and reliability initiatives for utility clients [6][8] - The company reported a total revenue of $2.8 billion and a net income of $2.5 million, with a market capitalization of $2.5 billion [4] Financial Performance - In the third quarter, Centuri's revenue rose 18% to a record $850 million, while base revenue increased by 25% year over year, and base gross profit climbed 28% [10] - The firm's backlog reached a record $5.9 billion, up 59% from year-end 2024, providing promising visibility into future growth [10] Market Position - Centuri shares are currently priced at $25.58, reflecting an 18% increase over the past year, slightly outperforming the S&P 500, which is up 13% in the same period [3] - The new position by Tensile Capital represents about 2.2% of the fund's reportable U.S. equity AUM as of September 30 [3]

Group 1 - Centuri Holdings Inc. has completed the acquisition of Connect Atlantic Utility Services Corporation, enhancing its position as a dual electric and gas services provider in Canada [1][2] - The acquisition supports Centuri's growth strategy by expanding its presence in the Canadian market, particularly in the Atlantic provinces [2][3] - Canada is projected to invest approximately $2 trillion by 2050 for electricity-grid modernization and clean energy initiatives, which aligns with Centuri's operational focus [3] Group 2 - Centuri operates primarily in North America through four segments: US Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services [4]