Key Highlights

• CTRI shares rose approximately 6.71 percent to $23.85, a gain of $1.50 from a prior close of $22.35.

• Second quarter revenue reached a record $962 million, up 33 percent year over year, beating estimates by 15 percent.

• The company raised full-year 2026 guidance, with base revenue now expected between $3.59 billion and $3.79 billion.

• Backlog grew to $16 billion, up 23 percent year over year, supporting a multi-year growth outlook.

Rebound From Earlier Weakness

Centuri Holdings, Inc. (NYSE:CTRI), a North American utility infrastructure services company that partners with regulated electric, gas, and combination utilities, closed up 6.71 percent at $23.85, recovering part of an earlier post-earnings selloff. Second quarter revenue reached a record $962 million, up 33 percent year over year, with adjusted net income of $24.4 million and adjusted EBITDA of $75.7 million, up 5 percent from a year earlier.

The company also acquired JJ White in union industrial and electrical construction, expected to add over $20 million in gross profit annualized, and raised full-year 2026 guidance, with adjusted EBITDA guided to $285 million to $310 million and base revenue guidance of $3.59 billion to $3.79 billion.

Backlog Growth Supports Outlook

Backlog reached $16 billion, up 23 percent year over year, with a pipeline that grew to $18 billion, up 23 percent, providing visibility into future revenue. Results were impacted by roughly $6 million in elevated fuel costs, a 48 percent increase in fuel prices, and approximately $3 million from capacity investment headwinds in the US gas segment, though management reiterated confidence that these effects will normalize through the back half of 2026 and into 2027.

Reduced net capital expenditure guidance to $60-75 million following a sale-leaseback of equipment also supports free cash flow expectations of $75 million for the year.

Conclusion

In summary, Centuri Holdings (NYSE:CTRI) shares rose approximately 6.71 percent to $23.85 at last closing, recovering from an earlier selloff as investors weighed record quarterly revenue and a growing backlog against near-term cost pressures. These are the verified facts from the earnings release and market data. Whether the rebound holds may depend on continued execution against raised full-year guidance.