Earnings ·
Primoris Services Corporation reported a net loss of $24.2 million, or $0.45 per diluted share, for the second quarter…
PRIMPrimoris Services Corp
Primoris Services Corporation reported a net loss of $24.2 million, or $0.45 per diluted share, for the second quarter ended June 30, 2026, compared to net income of $84.3 million in the prior year period. Revenue decreased 10.7% to $1,688.2 million, driven by lower revenue and margins in the Energy segment due to cost overruns on renewable energy projects. Adjusted EBITDA fell 92.6% to $11.4 million. The company maintains its full-year 2026 guidance, expecting net income between $71.0 million and $101.0 million. Additionally, the Board declared a quarterly cash dividend of $0.08 per share, payable on or about October 15, 2026, to shareholders of record as of September 30, 2026. Primoris Services Corporation is a leading provider of critical infrastructure services to the utility, energy, and renewables markets.