Primoris Services (PRIM)
NYSE:PRIM
Want to see PRIM full AI Analyst Report?
Earnings Data
Report Date
Aug 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.13Last Year’s EPS
1.68Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced message: near-term operational and financial headwinds driven by a small number of underperforming 2024 solar projects materially depressed Q1 revenue, gross profit, cash flow, and Energy margins, and prompted timing shifts in bookings. Offsetting these issues, the company highlighted solid Utility performance (double-digit revenue growth in parts), strong pipeline services and industrial activity, a strategic accretive acquisition (Paynecrest), robust liquidity and disciplined leverage, and a substantial opportunity funnel (including BESS and gas generation) that management expects to convert in the back half of 2026 and into 2027. Management outlined corrective actions, tightened geographic risk posture, and maintained full‑year adjusted guidance, indicating confidence in recovery and longer‑term growth.Company Guidance
Solid Utility Segment Growth
Utility revenue increased nearly $70.0 million (+12.3% YoY) with gross profit up $10.4 million and segment gross margin improving to 9.8% from 9.2%. Power delivery and gas operations showed double-digit revenue/margin expansion and MSAs/backlog growth supported by utility CapEx programs.
Pipeline Services and Industrial Momentum
Pipeline services revenue and gross profit rose by more than 20% YoY. Industrial margins improved meaningfully, driven by higher natural gas generation activity — supporting expectations for incremental Energy segment strength.
Completed Strategic Acquisition — Paynecrest
Acquisition of Paynecrest closed May 1 as expected; business provides a balanced mix (~40% data center, >40% industrial/power/renewables) and is expected to be accretive to revenue and margins with potential upside from a large hyperscaler relationship.
Strong Liquidity and Conservative Leverage
Ended Q1 with $676.5 million in liquidity, revolver increased to $750 million, and expected net debt / adjusted EBITDA just under 1.5x, preserving flexibility for organic investment and opportunistic M&A.
Maintained Full‑Year Financial Guidance (Adjusted Metrics)
Company reaffirmed full-year targets: adjusted EBITDA of $480M–$500M, adjusted EPS $4.80–$5.00 and GAAP diluted EPS $4.05–$4.25, with management expecting revenue and margin improvement beginning in Q2 and stronger performance in H2 2026.
Robust Opportunity Funnel and Backlog Support
Management reported a large opportunity funnel (renewables/energy ~ $15B referenced; broader line-of-sight > $7B) with nearly $1.1B of verbal awards in H2 and ~$2.8B expected to sign, plus nearly $800M of near-term gas generation verbal awards—expectation that Energy book-to-bill will exceed 1x for 2026.
BESS Growth and Data Center Exposure
Battery Energy Storage System (BESS) funnel (in MWh) has more than quadrupled YoY and is expected to potentially more than double going forward; Q1 data-center enabling work booked >$400M and Paynecrest adds inside-the-facility data-center exposure (~40% of its revenue).
PRIM 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
PRIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $202.92 | $101.23 | -50.11% |
Feb 23, 2026 | $165.54 | $151.83 | -8.28% |
Nov 03, 2025 | $143.09 | $127.86 | -10.64% |
Aug 04, 2025 | $92.92 | $108.39 | +16.65% |
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 Primoris Services (PRIM) report earnings?
Primoris Services (PRIM) is schdueled to report earning on Aug 10, 2026, Before Open (Confirmed).
What is Primoris Services (PRIM) earnings time?
Primoris Services (PRIM) earnings time is at Aug 10, 2026, Before Open (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 PRIM EPS forecast?
PRIM EPS forecast for the fiscal quarter 2026 (Q2) is 1.13.