Primoris Services Corporation — Third Quarter 2026 Earnings Summary

Primoris Services Corporation reported third-quarter 2026 revenue of $2.0 billion, a 10.4% decrease from the prior year, driven by lower renewable energy activity in its Energy segment. Net income for the quarter fell to $51.3 million, or $0.95 per diluted share, compared to $94.6 million in the same period of 2025, while Adjusted EBITDA declined to $134.4 million. The company announced a record total backlog of $14.1 billion and updated its full-year 2026 guidance to reflect net income between $65.2 million and $73.2 million. Additionally, the Board authorized a new $250 million share purchase program and declared a quarterly cash dividend of $0.08 per share.