Revenue beat and record backlog support the growth narrative, but the EPS miss on GAAP basis may weigh on short-term sentiment. Monitor the May 7 earnings call for margin trajectory and progress toward long-term targets. The reiterated guidance provides a floor for expectations.
Price Chart
Executive Summary
Centuri reported Q1 2026 revenue of $723.2M (beat consensus of $617.3M by 17%), but GAAP EPS of -$0.09 missed consensus of -$0.07. The net loss narrowed to $9.5M from $17.9M a year ago, and backlog hit a record $6.5B. Full-year 2026 guidance was reiterated, and long-term targets were introduced.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $723.2M, up 31% YoY
- GAAP diluted EPS -$0.09 vs consensus -$0.07 (miss)
- Net loss attributable to common stock -$9.5M, improved from -$17.9M
- Adjusted EBITDA $32.6M, up 34% YoY
- Backlog $6.5B, up 44% YoY (record)
- Bookings $1.3B with book-to-bill 1.8x
- FY2026 guidance reiterated: Revenue $3.24-$3.54B, Adj. EBITDA $280-$310M
- Introduced long-term targets: Base Revenue CAGR 10-15% through 2029
Financial Impact
Revenue surprise of +$105.9M (+17%) vs consensus; EPS surprise of -$0.02 (-28.6%) vs consensus
Risk Factors
- Continued GAAP net losses and negative free cash flow
- Seasonality and storm restoration volatility
- Leverage ratio of 2.7x (net debt to Adj. EBITDA)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001981599-26-000055 |
| Document: ctri-20260506.htm | 0001981599-26-000055 |
| Document: 0001981599-26-000055-index-headers.html | 0001981599-26-000055 |
| Document: 0001981599-26-000055-index.html | 0001981599-26-000055 |
| Document: 0001981599-26-000055.txt | 0001981599-26-000055 |
| 8-K Data (Synthetic) | 0001981599-26-000055 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | 3 | $23.09 $20.16 | ▼ −12.69% | ▼ −10.94% | $20.91 (−9.44%) |
Aug 12, 2026 7w ago | 3 | $23.09 $20.16 | ▼ −12.69% | ▼ −10.94% | $20.91 (−9.44%) |
Aug 12, 2026 7w ago | 8-K | $23.09 $20.16 | ▼ −12.69% | ▼ −10.94% | $20.91 (−9.44%) |
Aug 4, 2026 8w ago | 8-K | $21.88 $20.49 | ▼ −6.35% | ▼ −5.11% | $20.91 (−4.43%) |
Jun 12, 2026 16w ago | Institutional Cluster | $30.35 $25.67 | ▼ −15.42% | ▼ −17.20% | $20.91 (−31.10%) |
Jun 11, 2026 16w ago | Institutional Cluster | $29.73 $26.28 | ▼ −11.60% | ▼ −13.50% | $20.91 (−29.67%) |
May 13, 2026 20w ago | S-3ASR | $32.46 $30.35 | ▼ −6.50% | ▼ −5.64% | $20.91 (−35.58%) |
May 6, 2026 21w ago | 8-K | $33.60 $30.39 | ▼ −9.55% | ▼ −12.69% | $20.91 (−37.77%) |
Feb 28, 2026 30w ago | Institutional Cluster | $30.94 $27.80 | ▼ −10.15% | ▼ −2.21% | $20.91 (−32.42%) |
Feb 25, 2026 31w ago | 8-K | $30.67 $30.45 | ▼ −0.72% | ▲ +4.52% | $20.91 (−31.82%) |
US Market Status
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