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The latest announcement is out from Badger Infrastructure Solutions ( (TSE:BDGI) ).
Badger Infrastructure Solutions reported strong 2025 results, with revenue rising 12% to $831.7 million and adjusted EBITDA up 13% to $198.2 million, driven by higher revenue per truck and broad end-market demand. The company also returned $30.7 million to shareholders through dividends and share repurchases, and increased its quarterly dividend by 4% for early 2026.
Management highlighted improving market conditions in the second half of 2025 and robust fleet utilization, prompting increased investment in workforce, branch expansion and equipment. For 2026, Badger plans a record hydrovac fleet build of 270 to 310 units, targeting 7% to 10% net fleet growth, a move that underscores confidence in demand and supports its strategy to drive long-term shareholder value and strengthen its industry position.
The most recent analyst rating on (TSE:BDGI) stock is a Buy with a C$83.00 price target. To see the full list of analyst forecasts on Badger Infrastructure Solutions stock, see the TSE:BDGI Stock Forecast page.
Spark’s Take on TSE:BDGI Stock
According to Spark, TipRanks’ AI Analyst, TSE:BDGI is a Neutral.
The score is primarily supported by strong financial performance (solid revenue growth, healthy margins, and high ROE). It is held back by weaker near-term technicals (trading below key short-term averages with soft momentum) and a relatively high P/E alongside a modest dividend yield.
To see Spark’s full report on TSE:BDGI stock, click here.
More about Badger Infrastructure Solutions
Badger Infrastructure Solutions is a Calgary-based provider of non-destructive excavation services, specializing in hydrovac trucks used to safely expose underground infrastructure. The company operates a large North American fleet and targets diversified end markets, including construction, utilities and industrial customers, emphasizing safety, efficiency and market diversity.
Average Trading Volume: 132,220
Technical Sentiment Signal: Buy
Current Market Cap: C$2.5B
For detailed information about BDGI stock, go to TipRanks’ Stock Analysis page.