Feed / CTRI

Centuri Holdings, Inc.

CTRI

Utilities · 20.26 +0.5% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Centuri Holdings, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 19 directly disclosed connections are confirming.

Company+0.5% todayVolume comparison unavailable
Market group0 of 15 activeMixed Risk Exposure · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • Non-Union Electric revenue increased on higher volumes from new and existing MSAs, while consolidated gross margin declined.
  • Quarterly interest expense, net decreased $5.4M attributed to lower average debt and lower rates on variable-rate borrowings.

Invalidation: The isolated read changes if CTRI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Utilities · Utilities - Regulated Gas

No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 19 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Non-Union Electric revenue increased on higher volumes from new and existing MSAs, while consolidated gross margin declined.
  • Quarterly interest expense, net decreased $5.4M attributed to lower average debt and lower rates on variable-rate borrowings.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods4
Price observations327
Usable filing statements123
Verified relationships14
Evidence supporting the case
  • Latest annual revenue changed +13.1% year over year.
  • Net margin changed +1.0 percentage points in the latest annual period.
  • Operating cash flow covered net income at 3.49x in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 8.4% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

20.26
6m-32.4%12m-5.6%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2023-01-01$2.8B$-2.35
2023-12-31$2.9B+5.0%$-2.60+0.0%
2024-12-29$2.6B-9.0%$-0.08+16.2%
2025-12-28$3.0B+13.1%$0.25+8.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 3 filings
As a result of these exclusions from EBITDA, any measure that excludes interest expense net of interest income, depreciation and amortization and income taxes has material limitations as compared to net loss.
10-Q · May 6, 2026
Demand and volumemixed · 3 filings
Revenue from our Non-Union Electric segment totaled $174.6 million, reflecting an increase of $37.4 million, or 27.3%, compared to the prior year period due primarily to higher volumes on new and existing MSAs.
10-Q · May 6, 2026
Restructuring and cost reductionsmixed · 3 filings
75 Table of Contents If the Company believes that, as a result of its qualitative assessment, it is more likely than not that the fair value of a reporting unit is less than its carrying amount, a quantitative impairment test is required.
10-K · Feb 26, 2026
Tariffs and trade policymixed · 3 filings
Overall, our results for the first fiscal quarter of 2026 were not significantly impacted by increases in prices, including due to tariffs implemented by the Trump Administration.
10-Q · May 6, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

20.26+0.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CTRI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CTRI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CTRI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

SWX47.2% of CTRIcustomerAug 6, 2025

Revenue from Southwest Gas Corporation totaled $26.1 million for the current period compared to $28.7 million in the prior year period.

AEPAmerican Electric Power Company, Inc.customerFeb 26, 2026

Our customers include American Electric Power, Enbridge, Entergy, Exelon, NiSource, National Grid, Sempra Energy and Southern Company, among others.

Depended on by

SWXSouthwest Gas Holdings, Inc.partnerAug 6, 2025

With a commitment to serve as long-term partners to customers and communities, Centuri’s employees enable regulated utilities to safely and reliably deliver natural gas and electricity, as well as achieve their goals for environmental sustainability.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 23 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CTRI is currently a Participant in the organic co-movement group Mixed Risk Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for CTRI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.