Centuri Holdings Expands Utility and Energy Infrastructure Footprint

Centuri Holdings Expands Utility and Energy Infrastructure Footprint

Centuri Holdings, Inc. has entered the new year with considerable momentum, securing close to $500 million in new customer awards across North America. For a company operating at the sharp end of utility and energy infrastructure delivery, the announcement signals more than just a healthy order book. It reflects sustained confidence from utility, energy, and telecommunications clients who rely on proven delivery, regulatory understanding, and disciplined execution in increasingly complex operating environments.

Of the awards announced, approximately 84 percent represent new work. This includes both strategic bid wins and new Master Service Agreements, while the remaining 16 percent relates to the renewal of existing MSAs. Together, these contracts lift Centuri’s year to date bookings to around $4.3 billion, placing the business in a strong position as utilities across the United States and Canada accelerate investment in power, gas, and communications infrastructure.

New Work Driving Growth Across Core Markets

The largest share of the new awards is tied to Centuri’s established electric and gas capabilities. These are areas seeing renewed urgency as grid reliability, decarbonisation targets, and ageing assets converge into a wave of capital programmes. Utilities are under pressure to modernise networks while maintaining continuity of service, often within dense urban environments or across wide rural territories.

Among the most significant wins is a major contract with an existing customer to deliver comprehensive natural gas distribution construction services across a large Midwest service territory. The scale of this work reflects long term network investment planning rather than short cycle capital spend, indicating durable demand for specialist construction partners that can operate safely and consistently over many years.

Urban Pipeline Replacement and Grid Reinforcement

Another notable award centres on a multi year pipeline replacement programme in a major urban centre. Projects of this nature are rarely straightforward. They involve ageing high pressure assets, constrained rights of way, and close coordination with municipal authorities, regulators, and the public. Success depends on technical competence, but also on stakeholder management and the ability to minimise disruption while meeting strict safety standards.

Complementing this work is a major substation upgrade for a utility client on the US East Coast. The project will deliver essential improvements designed to strengthen grid reliability and expand capacity for local communities. Substation modernisation is increasingly critical as electrification accelerates and renewable generation adds new complexity to distribution networks. Investments here directly support resilience, particularly as extreme weather events place additional stress on legacy infrastructure.

Renewed Partnerships and Long Standing Relationships

While new work forms the bulk of the announced awards, the renewal of existing MSAs remains strategically important. These renewals demonstrate ongoing trust in Centuri’s delivery model and provide continuity in markets where regulatory oversight and performance metrics are closely scrutinised.

One such renewal involves a contract extension with a major customer in the US Southwest, focused on the replacement of ageing high pressure natural gas pipelines across an entire state. Programmes of this scale are typically driven by safety regulation and long term asset management strategies, requiring sustained delivery capacity rather than one off intervention.

In Canada, Centuri has also renewed a partnership with a telecommunications client to maintain and repair critical infrastructure. As fibre and wireless networks expand to support digital economies, the reliability of underlying physical assets becomes just as vital as capacity expansion. Maintenance and rapid response capabilities remain core to keeping communities connected.

Confidence Reflected in Forward Visibility

The scale and composition of these awards provide Centuri with exceptional forward visibility. More than 90 percent of the company’s 2026 plan is already under contract, offering a level of certainty that is increasingly rare in infrastructure services markets affected by inflation, labour constraints, and supply chain volatility.

This position allows the business to plan workforce deployment, equipment investment, and capital allocation with greater confidence. It also supports disciplined growth rather than reactive expansion, a critical factor in maintaining margins and safety performance in labour intensive construction environments.

Leadership Perspective on Market Momentum

Centuri’s leadership has been clear in framing the significance of the awards within broader market dynamics. According to Centuri President and Chief Executive Officer Christian Brown: “These awards underscore the growth in our end markets and the confidence our customers place in us to deliver complex projects safely, on schedule, and in coordination with multiple stakeholders.”

Brown also highlighted the strategic balance between execution and financial discipline: “Our ongoing focus on strong project delivery and capital discipline, coupled with a diverse pipeline of future opportunities, position us well as we head into the new year with more than 90 percent of our 2026 plan under contract.”

The emphasis on capital discipline is particularly notable at a time when many infrastructure contractors are navigating rising costs and tighter financing conditions. Predictable delivery and financial control remain central to sustaining long term shareholder value.

The Broader Infrastructure Context

Centuri’s success sits within a wider wave of infrastructure investment across North America. Utilities are responding to several overlapping pressures, including:

• Replacement of ageing gas and electric assets driven by safety and regulatory requirements
• Grid hardening and resilience upgrades linked to climate risk
• Capacity expansion to support electrification, data centres, and population growth
• Telecommunications investment to extend fibre and wireless coverage

Industry analysts continue to point to sustained capital expenditure by regulated utilities as one of the more stable segments of the construction and engineering market. Unlike discretionary commercial development, utility investment is often underpinned by approved rate cases and long term asset management plans.

Positioning for the Energy Transition

While much of the announced work focuses on traditional gas and electric infrastructure, it also supports the foundations of the energy transition. Modernised substations, replaced pipelines, and upgraded distribution networks are essential enablers for integrating renewable generation, supporting electric vehicles, and improving overall system efficiency.

Natural gas infrastructure, in particular, remains a complex topic. While long term decarbonisation strategies are evolving, near term investment in safety and reliability is non negotiable. Pipeline replacement programmes reduce leakage, improve operational control, and align with environmental performance expectations from regulators and the public alike.

A Business Built on Partnership

Centuri Holdings, Inc. operates as a strategic partner to regulated utilities and energy providers, rather than a transactional contractor. This model prioritises long term relationships, shared planning, and consistent delivery standards across multiple jurisdictions. It is an approach well suited to sectors where trust, safety performance, and regulatory compliance are paramount.

With operations spanning the United States and Canada, the company supports energy networks that power millions of homes and businesses. Its integrated capabilities across electric, gas, and telecommunications infrastructure allow clients to streamline delivery across overlapping asset classes, reducing interface risk and improving programme efficiency.

Looking Ahead with Measured Confidence

As infrastructure investment continues to evolve, Centuri’s near term outlook appears well anchored. A diversified backlog, high levels of contracted work, and repeat business from long standing clients provide resilience against market uncertainty. At the same time, exposure to grid modernisation and essential network upgrades aligns the business with structural growth drivers rather than short term cycles.

For utilities and policymakers alike, the message is clear. Delivering resilient, safe, and future ready infrastructure depends not only on funding, but on capable delivery partners. Centuri’s latest awards suggest it remains firmly positioned within that trusted group.