Centuri Posts Record $962M Revenue, Raises Full-Year 2026 Guidance
CTRI sits 46% above its 52-week low of $19.04.
Summary
Centuri Holdings reported record Q2 2026 revenue of $962 million, a 33% increase, and raised full-year guidance. The company also completed the acquisition of JJ White, adding scale and backlog.
Key Events · Earnings and Guidance · CTRI
-
Record Quarterly Revenue
Revenue reached $962.0 million, a 33% increase year-over-year, driven by growth across all segments: Canadian Operations up 48%, U.S. Gas up 45%, Union Electric up 23%, and Non-Union Electric up 11%.
-
Raised Full-Year 2026 Guidance
Guidance raised to Base Revenue of $3.5-$3.7 billion, Adjusted EBITDA of $285-$310 million, and Adjusted Net Income of $60-$75 million, reflecting strong first-half performance and JJ White contributions.
-
Adjusted Net Income Up 44%
Adjusted Net Income of $24.4 million, a 44% increase from $16.9 million in Q2 2025, driven by higher revenue and operating leverage, partially offset by $6 million in higher fuel costs and $3 million in mobilization investments.
-
JJ White Acquisition Completed
Acquired JJ White for $62 million, adding approximately $315 million in backlog and expected annual gross profit contribution of over $20 million, immediately accretive to Adjusted Net Income.
Analysis · CTRI · Energy & Transportation
A blowout second quarter saw revenue surge 33% to a record $962 million, fueled by broad-based growth across all segments. Adjusted Net Income jumped 44% to $24.4 million, and the company raised its full-year 2026 guidance across every key metric. The acquisition of JJ White adds scale and a $315 million backlog, while the opportunity pipeline expanded to $16 billion, signaling sustained end-market strength. Despite a one-time $9 million write-down on a legacy Chicago contract, underlying profitability improved, and management expects second-half Base Gross Profit Margins of approximately 9.0%. The results and guidance raise materially exceed prior expectations and reinforce the company's growth trajectory.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CTRI was trading at $27.85 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $19.04 to $42.99. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.