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MYR Group (MYRG)
NASDAQ:MYRG
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.02Last Year’s EPS
1.45Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call portrayed a company with strengthening financial results and operational momentum: record revenues, record quarterly net income and EBITDA, meaningful backlog growth, improved margins and substantially stronger operating and free cash flow. Management highlighted important strategic wins (MSAs, data center and transmission awards), conservative balance sheet metrics (low leverage, strong liquidity) and continued market demand. Noted headwinds were project-level inefficiencies, a modest increase in SG&A, potential cash-flow profile sensitivity to contract mix, and execution/timing risks from weather and permitting. On balance, the positive financial performance, backlog expansion and liquidity position outweigh the identified operational challenges.Company Guidance
Record Annual Revenue and Profitability
Full-year 2025 record revenues of $3.7 billion, full-year net income of $118 million and EBITDA of $233 million, demonstrating improved overall profitability and scale.
Strong Q4 Revenue Growth
Fourth quarter 2025 revenues of $974 million, an increase of $144 million or 17% year-over-year.
T&D Segment Strength
T&D Q4 revenues of $531 million, up 18% year-over-year; transmission $330 million (+$64M) and distribution $201 million (+$17M). T&D operating income margin improved to 7.4% from 6.7% (up 0.7 percentage points). Work under master service agreements represented ~60% of T&D revenues.
C&I Segment Records and Margin Expansion
C&I delivered record Q4 revenues of $443 million (up 17% year-over-year). C&I operating income margin rose to 6.6% from 3.9% (up 2.7 percentage points) driven by higher-margin fixed-price work, productivity gains, favorable change orders and job closeouts.
Margin and Earnings Improvement in Q4
Q4 gross margin improved to 11.4% from 10.4% (up 1.0 percentage point). Q4 net income was a record $37 million versus $16 million a year ago (+131%), diluted EPS $2.33 vs $0.99 (+135%), and Q4 EBITDA was a record $64 million versus $45 million (+42%).
Backlog Growth and Healthy Bidding Environment
Total backlog at December 31, 2025 was $2.8 billion, a 9.6% increase year-over-year, with backlog split of $1.0 billion T&D and $1.8 billion C&I, reflecting steady bidding and multi-year demand.
Significant Cash Flow and Strong Liquidity
Q4 operating cash flow was $115 million versus $21 million a year ago; Q4 free cash flow was $85 million versus $9 million. Liquidity included ~$150 million cash, $408 million borrowing availability, ~$265 million working capital, $59 million funded debt and a funded debt-to-EBITDA leverage ratio of 0.25x.
Strategic Awards and Positioning for Future Growth
Won a new 7-year transmission MSA in Kentucky and multiple transmission and station awards across several states; C&I awards include several data center projects in Colorado, Arizona, California and New Jersey. Management emphasized positioning for high-voltage projects (765 kV / 500 kV / 345 kV) and long-duration opportunities.
Operational Improvements (DSO and Productivity)
Days sales outstanding improved by ~16 days year-over-year to the mid-50s (from ~70 historical average), driven by resolution of prior problem projects and favorable billing on fixed-price work; managers cited better-than-anticipated productivity and favorable change orders as margin contributors.
MYRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MYRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | $269.72 | $274.62 | +1.82% |
Oct 29, 2025 | $225.48 | $213.53 | -5.30% |
Jul 30, 2025 | $200.37 | $193.50 | -3.43% |
Apr 30, 2025 | $122.32 | $147.10 | +20.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MYR Group (MYRG) report earnings?
MYR Group (MYRG) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is MYR Group (MYRG) earnings time?
MYR Group (MYRG) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MYRG EPS forecast?
MYRG EPS forecast for the fiscal quarter 2026 (Q1) is 2.02.