Centuri Holdings, Inc.: insider trades · United States · SEC (Form 4)

About Centuri Holdings, Inc.

Centuri Holdings, Inc. (NYSE: CTRI) is a U.S.-based utility and energy infrastructure services company headquartered in Phoenix, Arizona, United States. The company positions itself as a strategic partner to regulated utilities and energy providers that need to build, maintain, expand, and harden critical network infrastructure. In practical terms, Centuri operates in a large and resilient end market supported by ongoing grid modernization, energy reliability spending, population growth, electrification trends, and increasing demand for capacity from data centers and industrial customers. From a corporate history perspective, Centuri spent many years within Southwest Gas Holdings before becoming a standalone public company. It completed its IPO in 2024 and finalized its full separation from Southwest Gas Holdings in 2025. That transition is important from an equity research standpoint: Centuri now reports as a more focused infrastructure contractor, with business drivers that are easier to isolate and evaluate than those of a diversified holding structure. The separation also sharpened the company’s strategic narrative around utility infrastructure rather than broader energy utility ownership. Centuri’s core business is built around engineering, construction, maintenance, and repair services for utility infrastructure. Its principal lines of business include gas distribution and transmission-related work, electric transmission and distribution services, and adjacent infrastructure capabilities serving utility, energy, industrial, and mechanical end markets. The company’s service model is often anchored by long-term master service agreements, which provide a recurring revenue base and improve commercial visibility. Its work typically spans overhead and underground utility construction, system upgrades, emergency restoration, grid resiliency projects, and selected project scopes tied to battery energy storage, fiber, and data center development. Geographically, Centuri has a broad North American footprint. Public disclosures indicate operations across 89 locations in 46 U.S. states and four Canadian provinces, giving the company access to a wide range of utility customers and regional project opportunities. This footprint is a competitive advantage because utility infrastructure work is highly localized and execution-heavy; scale, workforce availability, safety performance, and regulatory compliance all matter materially. Recent developments have reinforced Centuri’s growth profile. In 2025, the company announced over $360 million in new project awards across utility, energy, and data center markets, followed by the acquisition of Connect Atlantic Utility Services, which expanded its electric utility services capabilities in Atlantic Canada. More recently, Centuri reported record first-quarter 2026 backlog of approximately $6.5 billion, suggesting solid commercial momentum and a robust near-term work pipeline. For investors tracking U.S.-listed infrastructure names, Centuri offers direct exposure to recurring utility capital spending and the broader need to modernize and reinforce energy networks in the United States and Canada.