Centuri Secures $475M in New Contracts, Expanding Data Center and Gas Infrastructure Work — Centuri Holdings, Inc.

Event summary

Centuri Holdings announced $475M in new commercial awards, with 81% from new projects or expanded MSAs and 19% from renewals.
The awards include work for a hyperscale data center (first project from the JJ White acquisition) and a major natural gas infrastructure upgrade.
Total commercial awards for 2026 year-to-date now stand at approximately $2.6B.
CEO Christian Brown highlighted the focus on profitable growth in strategic markets, including data centers and multi-stage projects.

The big picture

Centuri's latest awards reflect a strategic pivot toward higher-margin work in data centers and complex infrastructure projects, aligning with broader industry trends in system modernization and resiliency. The $475M in new contracts underscores the company's ability to capitalize on its recent acquisition and expand its footprint in key markets. With year-to-date awards nearing $2.6B, Centuri is positioning itself as a major player in North American utility and energy infrastructure services.

What we're watching

Data Center Growth: How Centuri will leverage the JJ White acquisition to secure more hyperscale data center contracts.
Profitability Trends: Whether the focus on multi-stage projects will sustain double-digit profit margins.
Customer Retention: The pace at which Centuri converts renewals into expanded MSAs with long-standing clients.