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Centuri Lands $500M in New Infrastructure Deals
15 Dec, 2025
Summary
- Centuri secured nearly $500 million in new North American contracts.
- Year-to-date bookings reached $4.30 billion, with 90% of 2026 planned work contracted.
- New contracts bolster Centuri's revenue visibility and guidance.
Centuri Holdings announced a significant boost in its order book in December 2025, securing nearly US$500 million in new customer awards across North America. These recent contracts, primarily involving natural gas distribution construction and pipeline replacement, extend the company's infrastructure development portfolio.
The influx of new Master Service Agreements has propelled Centuri's year-to-date bookings to approximately US$4.30 billion. Crucially, management reports that over 90% of the company's 2026 operational plan is now under contract, signaling strong revenue visibility for the coming years.
While these developments strengthen Centuri's near-term revenue outlook and support recent guidance upgrades, they do not fully mitigate existing risks such as thin profit margins and tight interest coverage. The market appears to be factoring in the improved story, with the share price already reflecting optimism.
