The share price of Centuri Holdings, Inc. (NYSE:CTRI) fell by 8.63% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week.
A large natural gas pipeline snaking through a rural landscape.
Centuri Holdings, Inc. (NYSE:CTRI) is a strategic 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.
Centuri Holdings, Inc. (NYSE:CTRI) fell this week after the company announced that it has commenced an underwritten secondary public offering of 9.5 million shares of CTRI’s common stock by Southwest Gas as a selling stockholder. Southwest also intends to grant underwriters a 30-day option to purchase up to an additional 1.425 million shares. However, Centuri will not receive any proceeds from the offering as it is not selling any shares.
Moreover, Southwest Gas has separately also entered into an agreement to sell $22 million in CTRI shares to investment entities affiliated with Carl C. Icahn in a concurrent private placement at the same price as the public offering.
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Disclosure: None.
