)
Centuri (CTRI) investor relations material
Centuri Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record annual revenue of $3 billion in 2025, up 13.1% year-over-year, with adjusted net income rising 49% to $39 million and adjusted EBITDA of $249 million.
Bookings exceeded $4.5 billion, with a 1.5x book-to-bill ratio and backlog up 59% to $5.9 billion, supported by a $13 billion opportunity pipeline.
Completed full separation from former parent and acquired Connect Atlantic Utility Services for ~$58 million, expanding Canadian electric platform.
Initiated a balanced 50/50 buy vs. lease fleet funding model to enhance free cash flow and capital efficiency.
Raised $251 million in equity and private placement, using proceeds for acquisition and debt reduction.
Financial highlights
2025 total revenue: $2,982.8 million (+13.1% YoY); gross profit: $247 million (8.3% margin); adjusted net income: $39 million; adjusted EBITDA: $249 million.
Q4 revenue reached $859 million, up 20% year-over-year; base revenue up 28%.
Free cash flow for Q4 was $106 million; for the year, $35.7 million.
Adjusted diluted EPS for 2025 was $0.43, up from $0.32 in 2024.
Net debt to adjusted EBITDA improved to 2.5x at year-end from 3.6x in 2024.
Outlook and guidance
2026 base revenue guidance: $3.15–$3.45 billion; base gross profit: $255–$285 million.
Including storm restoration, 2026 revenue expected at $3.24–$3.54 billion, adjusted EBITDA $280–$310 million, adjusted net income $55–$75 million.
Net CapEx forecasted at $75–$90 million; further deleveraging planned with net debt/EBITDA targeted at ~2x by end of 2026.
Double-digit base revenue growth expected, with capital allocated to expand scale and scope.
Next Centuri earnings date
Next Centuri earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)