Centuri is a pure-play North American utility infrastructure services company that partners with regulated utilities to maintain, upgrade and expand the energy network, with service offerings consisting of modernization of utility infrastructure through maintenance, retrofitting and installation of electric and natural gas distribution networks. The company secured over $300 million in commercial awards as of February 11, 2026, bringing year-to-date bookings to more than $1 billion.
Cyborg Score Rationale
The company reports over 90% of its 2026 plan under contract with $4.3 billion in 2025 year-to-date bookings. Strong backlog visibility and recent acquisitions position the company well for growth in energy infrastructure modernization. Recent analyst upgrades and $1B+ annual bookings demonstrate market confidence.
Top Insights
Secured over $300M in awards in February 2026 with 67% new work and 33% MSA renewals
Acquired Connect Atlantic Utility Services in November 2025 to strengthen operations in electric transmission and distribution across Atlantic Canada
2024 revenue was $2.64 billion, a decrease of 9.04% from prior year
Carl Icahn increased strategic investment in company through $75M+ equity stake in November 2025
Named Competitors
Infrastructure Services — Diversified infrastructure services and engineering
Utility Construction Services — Energy infrastructure services and engineering
Electric Utility Services — Infrastructure services for power and communications