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Recent Updates — PRIM

August 31, 2026View Source ↗

Primoris Services Corporation announced the appointment of James A. Greer and Oscar K. Brown to its Board of Directors, effective October 1, 2026. Concurrently, the Board increased the authorized number of directors from nine to ten members. Mr. Greer brings over 40 years of experience in energy delivery markets, including his recent role as Executive Vice President and Chief Operating Officer at Oncor Electric Delivery Company LLC. Mr. Brown contributes more than 25 years of industry experience, currently serving as President and CEO of Western Midstream Partners LP. Both directors will serve until the 2027 annual meeting and are compensated under the existing non-employee director program. Primoris Services Corporation is a leading provider of critical infrastructure services to the utility, energy, and renewables markets.

August 5, 2026View Source ↗

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.

August 4, 2026View Source ↗

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. On July 31, 2026, the Board declared a quarterly cash dividend of $0.08 per share, payable on or about October 15, 2026 to holders 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 throughout the United States and Canada.

August 4, 2026View Source ↗

On July 31, 2026, Primoris Services Corporation's Board of Directors declared a quarterly cash dividend of $0.08 per share of common stock. The dividend is payable on or about October 15, 2026 to stockholders of record as of September 30, 2026. Additionally, the company reported second quarter 2026 financial results showing revenue of $1,688.2 million and a net loss of $24.2 million. Primoris Services Corporation is a leading provider of critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada.

June 22, 2026View Source ↗

Primoris Services Corporation announced the departure of Chief Operating Officer Jeremy Kinch, effective June 22, 2026, which was a termination without cause. President and CEO Koti Vadlamudi will manage the COO responsibilities during the search for a successor. The company also issued a press release providing an update to its full-year 2026 financial outlook. Primoris Services Corporation operates in the infrastructure and energy services industry.