Q1 26 EPS
$-0.02
BEAT +69.56%
Est. $-0.07
Q1 26 Revenue
$723.2M
BEAT +17.14%
Est. $617.3M
vs S&P Since Q1 26
-29.3%
TRAILING MARKET
CTRI -27.3% vs S&P +2.1%
Market Reaction
Did CTRI Beat Earnings? Q1 2026 Results
Centuri Holdings kicked off fiscal 2026 with a notably strong first quarter, posting a loss of just $0.02 per share against a consensus estimate of negative $0.07, a beat of roughly 69.56%, while revenue of $723.17 million cleared Wall Street's $617.… Read more Centuri Holdings kicked off fiscal 2026 with a notably strong first quarter, posting a loss of just $0.02 per share against a consensus estimate of negative $0.07, a beat of roughly 69.56%, while revenue of $723.17 million cleared Wall Street's $617.34 million forecast by 17.14% and surged 31.5% year over year. The primary engine behind the outperformance was broad momentum across all four operating segments, with U.S. Gas revenue jumping 44% and Canadian Operations climbing 51%, partly lifted by the recently acquired Connect Atlantic Utility Services. Commercially, the company secured approximately $1.30 billion in bookings at a 1.8x book-to-bill ratio, pushing reported backlog to $6.50 billion, up 44% year over year. Leverage also improved materially, with the net debt to adjusted EBITDA ratio declining to 2.7x from 3.5x a year ago, a trend management expects to continue as it reiterated full-year 2026 guidance calling for total revenue of $3.24 billion to $3.54 billion and adjusted EBITDA of $280 million to $310 million, alongside longer-term targets that include adjusted EPS growth of 30% to 45% annually through 2029.
Key Takeaways
- • Geographic diversification and reduced seasonality in U.S. Gas segment
- • Increased bid work in U.S. Gas and Union Electric segments
- • Inclusion of recently acquired Connect Atlantic Utility Services in Canadian Operations
- • Increased work hours under MSA in Non-Union Electric segment
- • Storm restoration services contributed $34.5 million in revenue and $7.7 million in gross profit
CTRI Forward Guidance & Outlook
Centuri reiterated full year 2026 guidance: Base Revenue of $3.15 to $3.45 billion, total Revenue of $3.24 to $3.54 billion, Adjusted EBITDA of $280 to $310 million, Adjusted Net Income of $55 to $75 million, and net capital expenditures of $75 to $90 million. The company also introduced long-term 2025-2029 CAGR targets: Base Revenue growth of 10-15%, Base Gross Profit growth of 12-19%, Adjusted EBITDA growth of 9-17%, and Adjusted EPS growth of 30-45%. By 2029, the company targets Base Gross Profit Margin of 8.7-9.7%, Net Debt to Adjusted EBITDA Ratio of 1.0x-2.0x, and Free Cash Flow conversion from Adjusted EBITDA of 40-50%. The company is targeting a book-to-bill ratio of 1.1x to 1.2x for 2026.
CTRI YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CTRI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our first quarter results reflect tremendous year-over-year growth, meaningful progress mitigating winter seasonality, and continued commercial momentum. We are committed to delivering consistent, predictable results, with safety and high quality customer service remaining paramount. The year is off to a strong start, supported by excellent 2026 revenue coverage, with business development efforts now focused on securing higher margin work and growing the backlog for 2027.”
— Christian Brown, Q1 2026 Earnings Press Release
CTRI Earnings Trends
CTRI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CTRI EPS Trend
Earnings per share: estimate vs actual
CTRI Revenue Trend
Quarterly revenue: estimate vs actual
CTRI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.07 | $-0.02 | +69.56% | $723.2M | +17.14% |
| Q4 25 MISS FY | $0.19 | $0.17 | -12.28% | $858.6M | +15.93% |
| FY Full Year | $0.45 | $0.43 | -3.72% | $2.98B | +4.12% |
| Q3 25 MISS | $0.29 | $0.19 | -35.18% | $850.0M | +12.07% |
| Q2 25 MISS | $0.24 | $0.19 | -21.39% | $724.1M | +3.09% |
| Q1 25 BEAT | $-0.15 | $-0.12 | +18.97% | $550.1M | +2.31% |