Centuri is a leading North American utility and energy infrastructure services company that partners with regulated electric, gas, and combination utilities to maintain, upgrade, and expand energy networks. The company provides infrastructure modernization solutions including distribution and transmission work, hazardous gas leak reduction, weather hardening, grid resiliency improvements, and renewable energy connection services, operating through distinct segments serving natural gas and electric utilities in both union and non-union markets across dozens of U.S. states and Canadian provinces. Centuri generates revenue primarily through long-term master service agreements with investment-grade utility customers that provide visibility and recurring maintenance work, complemented by bid contracts, with the majority of pricing structured as variable-priced contracts based on units delivered or time and materials, which minimizes execution risk and aligns revenue with actual work performed.