Centuri Secures Nearly $400 Million in New Commercial Awards Across the U.S.

CTRI
October 02, 2025
Centuri Holdings, Inc. announced on October 2, 2025 that it has secured almost $400 million in new customer awards, comprising both project work and a new Master Service Agreement. The awards cover a steel pipe replacement project in the Midwest in response to the PHMSA Gas Mega Rule, a multi‑year contract with a long‑tenured New England customer for natural gas distribution replacement and system improvement, and support for data center operations including deconstruction and refurbishment of combustion and steam compressor turbines. The deal also includes a clean‑energy project to install a Mechanical Vapor Recompression (MVR) system at an existing ethanol plant, further diversifying Centuri’s portfolio into renewable energy infrastructure. Approximately 70 % of the new awards represent project work, while the remaining 30 % are tied to MSA renewal, underscoring the company’s ability to secure both short‑term and long‑term work. This contract win adds significant value to Centuri’s backlog and demonstrates strong customer confidence in its turnkey energy infrastructure solutions. The new awards reinforce the company’s market position across the United States and support its strategy of expanding into high‑growth sectors such as data centers and renewable energy. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.