Centuri reports Q4 adjusted EPS 17c, consensus 19c

Reports Q4 revenue $858.6M, consensus $740.62M. Revenue growth was broad-based across all segments, with Canadian operations leading at 37% growth, followed by union electric at 22%, non-union electric at 17%, and U.S. gas at 16%. “2025 was a remarkable year for Centuri (CTRI) and the achievements are a direct result of the dedication and commitment of our employees. We took significant steps forward which position us well for future growth and value creation,” said Centuri president and CEO Christian Brown. “We proved our ability to identify and secure growth opportunities, expanded our footprint and capabilities in Canada, delivered predictable earnings growth, improved base margins, and strengthened the balance sheet. Capital deployment trends across our end markets remain strong, as reflected by our substantial $13 billion opportunity pipeline. Our business development efforts and One Centuri approach are gaining traction, with our $5.9 billion year-end backlog and approximately $1.1 billion of 2026 year-to-date bookings forecasted to provide over 85% of the 2026 Base Revenue guidance at the mid-point.”