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Primoris Services Corp. (PRIM)
NYSE:PRIM
Earnings Data
Report Date
May 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.87Last Year’s EPS
0.98Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong multi-year demand drivers, record revenue, backlog and cash generation, clear segment-level growth (notably renewables, gas operations and utilities), and conservative, achievable 2026 guidance. These positives are partially offset by near-term execution issues and margin pressure in Q4—mostly tied to a small number of renewables projects and lower storm work—and a trough in pipeline services. Management has a plan to address execution (added project leadership, tighter estimating and project controls) and expects margin recovery in 2026. Overall, the positives around top-line growth, backlog quality, cash flow and a strong balance sheet materially outweigh the contained operational issues.Company Guidance
Record Revenue, Earnings and Backlog
Full-year 2025 revenue nearly $7.6 billion, up $1.2 billion year-over-year (~18.8%); gross profit for the year increased $110 million (~16%). Total backlog finished the year above $11.9 billion, including nearly $3.0 billion of new bookings in Q4.
Strong Fourth Quarter Revenue
Q4 2025 revenue was almost $1.9 billion, an increase of $116.4 million or ~7% compared to prior-year Q4.
Utilities Segment Growth and Margin Improvement (Annual)
Utilities revenue up ~$253 million (~>10%) for the year; full-year Utilities gross profit increased ~$51 million (~20%) driven by improved power delivery margins and strength in gas operations and communications.
Energy Segment Expansion
Energy revenue grew ~25% (~almost $1.0 billion) in 2025, led by renewables and natural gas generation; renewables revenue grew over 50% year-over-year, partly due to ~$500 million of revenue pulled forward from 2026.
Gas Operations Milestone
Gas operations reached $1.0 billion in revenue for the first time in 2025, driven by market share gains and expanded capital programs in the Midwest and Southeast.
Backlog Quality and MSAs
MSA backlog up over 20% year-over-year, representing a substantial portion (~$7 billion) of total backlog and supporting multi-year visibility in Utilities work.
Cash Generation and Balance Sheet Strength
Operating cash flow was approximately $143 million in Q4 and over $470 million for the full year. Cash at year-end was $536 million (up from $456 million), total long-term debt $470 million, resulting in a net cash positive position entering 2026.
Improved Financial Efficiency
Full-year SG&A declined to 5.3% of revenue from 6.0% the prior year. Net interest expense decreased by almost $37 million year-over-year to just under $29 million (FY 2025) due to lower debt and rates.
Guidance for 2026
2026 guidance: GAAP EPS $5.35–$5.55, adjusted EPS $5.80–$6.00, and adjusted EBITDA $560–$580 million. Utilities and Energy segment gross margin guidance each targeted at 10%–12% for the full year.
Strategic and Operational Investments
Headcount increased by more than 2,800 people in 2025; planned CapEx of $120–$140 million for 2026 (equipment $90–$110 million). Investments planned in eBOS (Premier PV) capacity expansion and a remote operations control center for O&M.
Battery Storage Growth
Battery storage business grew to over $250 million in 2025 and is identified as a continued growth driver for the renewables portfolio.
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 |
|---|---|---|---|
Feb 23, 2026 | $165.64 | $151.92 | -8.28% |
Nov 03, 2025 | $143.27 | $128.02 | -10.64% |
Aug 04, 2025 | $93.03 | $108.53 | +16.65% |
May 05, 2025 | $66.96 | $65.00 | -2.94% |
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 Corp. (PRIM) report earnings?
Primoris Services Corp. (PRIM) is schdueled to report earning on May 11, 2026, Before Open (Confirmed).
What is Primoris Services Corp. (PRIM) earnings time?
Primoris Services Corp. (PRIM) earnings time is at May 11, 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 (Q1) is 0.87.