Primoris Services Corporation Q4 revenue up 6.7%, beats expectations

Primoris Services

23/02/2026 21:23

Overview

Infrastructure services firm's Q4 2025 revenue rose, beating analyst expectations

Adjusted EPS for Q4 2025 beat analyst expectations

Company faced increased costs on renewables projects, impacting Q4 results

Outlook

Primoris expects 2026 net income between $294 mln and $305 mln

Company forecasts 2026 EPS between $5.35 and $5.55

Primoris estimates 2026 adjusted EBITDA of $560 mln to $580 mln

Result Drivers

RENEWABLES GROWTH - Increased activity in renewables within the Energy segment contributed to revenue growth, despite higher project costs

UTILITIES SEGMENT - Revenue growth in the Utilities segment was driven by increased gas operations and power delivery activities

COST PRESSURES - Increased costs on certain renewables projects and lower storm restoration work impacted operating income

Company press release: ID:nBw3zHV1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.90 bln
$1.82 bln (14 Analysts)
Q4 Adjusted EPS
Beat
$1.08
$0.99 (13 Analysts)
Q4 EPS
$0.95
Q4 Adjusted Net Income
Beat
$59.30 mln
$52.12 mln (9 Analysts)
Q4 Net Income
$51.80 mln
Q4 Adjusted EBITDA
Beat
$108.20 mln
$105.25 mln (14 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Primoris Services Corp is $158.00, about 6.7% below its February 20 closing price of $169.36

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)