Earnings ·
Reports Q3 combined revenue of $438.1M and declares CAD$0.12 quarterly dividend
NOANorth American Construction Group Ltd.
North American Construction Group reported third-quarter combined revenue of $438.1 million, a 12% increase year-over-year, driven by the acquisition of Iron Mine Contracting (IMC) and strong demand in Canada's oil sands region. Adjusted EBITDA reached $100.1 million, while adjusted net earnings fell to $6.6 million due to higher general and administrative costs and increased interest expense from acquisition-related debt. The company recorded a net loss of $24.2 million, primarily impacted by a $49.9 million equity investment loss on the Fargo-Moorhead Flood Diversion Project joint venture. Management raised its full-year 2026 combined revenue outlook to $1.7–$1.8 billion and tightened adjusted EBITDA guidance to $370–$400 million. The Board declared a regular quarterly dividend of CAD$0.12 per share, payable January 8, 2027, to shareholders of record on November 25, 2026. North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S.