Centuri Purchases Connect Atlantic Utility Services (CAUS), Top Electric Utility Provider in Atlantic Canada
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2025
0mins
Should l Buy CTRI?
Source: Newsfilter
Acquisition Overview: Centuri Holdings has acquired Connect Atlantic Utility Services Corporation (CAUS), enhancing its capabilities as a dual electric and gas services provider in Canada and expanding its geographic reach in the Atlantic provinces.
Market Growth Potential: The acquisition aligns with the growing Canadian power market, which is expected to see significant investments in electric grid modernization and clean energy integration, positioning Centuri as a key player in this evolving landscape.
Operational Synergy: CAUS's expertise in electric utility services complements Centuri's existing natural gas distribution services, allowing both companies to unlock new opportunities and enhance service offerings for their customers.
Future Outlook: Both Centuri and CAUS express optimism about the partnership, emphasizing their shared commitment to safety, operational excellence, and the potential to deliver greater value to customers and stakeholders in the energy sector.
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Analyst Views on CTRI
Wall Street analysts forecast CTRI stock price to fall
6 Analyst Rating
3 Buy
1 Hold
2 Sell
Hold
Current: 30.010
Low
22.00
Averages
27.40
High
34.00
Current: 30.010
Low
22.00
Averages
27.40
High
34.00
About CTRI
Centuri Holdings, Inc. is a utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. The Company's segments include U.S. Gas Utility Services (U.S. Gas), Canadian Gas Utility Services (Canadian Gas), Union Electric Utility Services (Union Electric), and Non-Union Electric Utility Services (Non-Union Electric). The U.S. Gas and Canadian Gas segments provide comprehensive services, including maintenance, replacement, repair and installation for local natural gas distribution utilities (LDCs) focused on the modernization of customers’ infrastructure throughout the United States and Canada. The Union Electric segment provides a comprehensive set of electric utility services encompassing maintenance, replacement, repair, upgrade and expansion services for urban transmission and local distribution infrastructure within union markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Market Performance: As of February 17, 2026, Centuri Holdings shares were priced at $31.29, marking a 57.7% increase over the past year, outperforming the S&P 500 by 39.17 percentage points, showcasing its robust performance in the utility infrastructure services sector.
- Future Growth Potential: Centuri Holdings is benefiting from significant investments driven by the AI revolution, with management noting a substantial backlog of work, indicating durable growth prospects for the company in the energy infrastructure space.
See More
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- Stake Increase Details: On February 17, 2026, Tensile Capital Management LP disclosed in an SEC filing that it acquired an additional 1,054,155 shares of Centuri Holdings, valued at approximately $23.57 million, indicating strong confidence in the company.
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- Company Performance Metrics: As of February 17, 2026, Centuri Holdings shares were priced at $31.29, marking a 57.7% increase over the past year, significantly outperforming the S&P 500 by 39.17 percentage points, showcasing its robust market performance.
- Market Outlook Analysis: Centuri Holdings is benefiting from substantial investments in infrastructure driven by the AI revolution, with management noting a significant backlog of work, suggesting durable growth potential in the energy infrastructure sector, attracting investors looking for AI-related opportunities.
See More
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- Ownership Proportion: Following this acquisition, Icahn's fund now holds 49.1% of its reportable U.S. equity in Icahn Enterprises, marking it as the largest position among its 13 holdings, which underscores the importance of this investment.
- Financial Overview: As of February 17, 2026, Icahn Enterprises shares are priced at $7.99, down 0.62% year-over-year, and the stock has plummeted about 88% over the past five years, raising concerns about its sustainability in the market.
- Investor Considerations: Despite offering a 25% dividend yield, such high yields often raise alarms regarding payout sustainability, prompting investors to carefully assess the company's future investment potential amidst its significant shareholding.
See More
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- Share Acquisition Details: Carl Icahn increased his stake in IEP by 30,467,595 shares during Q4, with an estimated transaction value of $245.63 million, reflecting his ongoing confidence in the company.
- Position Value Decline: Despite the increase in shares, the fund's quarter-end position value in IEP fell by $221.44 million, indicating the impact of market price fluctuations on the investment portfolio.
- Asset Management Proportion: IEP now accounts for 49.1% of Icahn's total assets under management, making it the largest holding, which underscores its significance in his diversified investment strategy.
- Dividend Yield Concerns: With a staggering 25% dividend yield, IEP attracts attention but raises sustainability concerns, especially given the stock's 88% decline over the past five years, highlighting potential risks for investors.
See More
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- Order and Backlog Status: The company reported bookings exceeding $4.5 billion for the year, with a book-to-bill ratio of 1.5x, and a year-end backlog of approximately $5.9 billion, an increase of $2.2 billion from last year, highlighting significant future growth potential.
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- Future Outlook: Management anticipates base revenue for 2026 to range between $3.15 billion and $3.45 billion, with adjusted net income targets of $55 million to $75 million, demonstrating confidence in sustained growth and market opportunities.
See More
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- Cash Flow Performance: The company generated $83.9 million in cash flow from operations and $105.7 million in free cash flow in Q4, demonstrating improved operational efficiency that supports future investments and expansion.
- Record Annual Bookings: Centuri recorded $4.5 billion in annual bookings for 2023, with 55% from new awards and 45% from existing contract renewals, showcasing the company's competitive strength and customer loyalty in the market.
- Future Financial Guidance: The company anticipates base revenue for 2026 to range between $3.15 billion and $3.45 billion, with adjusted EBITDA expected to be between $280 million and $310 million, reflecting management's confidence in future growth despite challenges from unpredictable storm restoration services.
See More
