Matrix Service Company Announces Award for the Balance of Plant Supporting a Large, Dual Service Full Containment Storage Tank for Delaware River Partners

Rhea-AI Summary

Matrix Service Company (Nasdaq: MTRX) said Delaware River Partners awarded Matrix NAC the balance-of-plant construction for a 100,000 m3 (630,000 barrels) dual-service full-containment storage tank capable of storing liquid ammonia or LPG. The award was taken into backlog in Q1 fiscal 2026 and follows a prior award for the inner steel tank scope in fiscal 2025. The project supports the Repauno Port and Rail Terminal expansion to serve NGL export demand and is estimated to create up to 300 local construction jobs. Matrix highlighted its integrated specialty storage and balance-of-plant offering and said it will deliver work focused on quality and safety.

Positive

• 100,000 m3 (630,000 barrels) dual-service storage tank award
• Award taken into backlog in Q1 fiscal 2026
• Follow-on scope complements prior inner tank award in fiscal 2025
• Project estimated to create up to 300 local construction jobs

Negative

• None.

TULSA, Okla., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today announced that Delaware River Partners has awarded Matrix NAC the construction for balance of plant work supporting a 100,000 m3, (630,000 barrels), dual service full containment storage tank allowing for storage of Liquid Ammonia or Liquid Propane Gas (LPG). This award, which was taken into backlog in the first quarter of fiscal 2026, follows a previous award for the inner steel tank scope of work, which was made in fiscal 2025.

“We are extremely pleased to continue our work supporting the build-out of this critical infrastructure, which supports ongoing demand for U.S. Natural Gas Liquid (NGL) exports, and appreciate the continued trust Delaware River Partners has placed in our teams,” said Matrix President and CEO John R. Hewitt. “Our integrated service offering in specialty storage vessels and balance of plant construction adds value for our clients and is a differentiator for Matrix. We look forward to delivering the best-in-class quality and safety our customers expect.”

The project supports a key phase in the development of the Repauno Port and Rail Terminal, a state-of-the-art multi-use Port facility for energy products, to serve the growing export demand for NGLs, specifically Liquid Propane Gases (LPGs), such as propane and butane. Realized through this expansion, the storage capabilities offered at Repauno will enable Delaware River Partners to significantly increase operational flexibility at the facility, strategically positioning the terminal as both a local and international supply point. The project is estimated to create up to 300 local construction jobs and contribute to the continued transformation of the Delaware River industrial corridor into a hub of state-of-the-art infrastructure and logistics.

“Repauno is poised to play a pivotal role in meeting domestic and international energy needs,” stated Hank Alexander, CEO of DRP. “We believe this project will serve as a significant catalyst for enhancing access to domestic and international markets, providing a pathway for valuable liquids production that will drive high-quality job creation and stimulate economic vitality in the region.”

ABOUT MATRIX SERVICE COMPANY

Matrix Service Company (Nasdaq: MTRX) is a leading specialty engineering and construction company whose commitment to safety, quality, and integrity has earned the Company a leadership position in providing infrastructure solutions across multiple end markets. Our work is foundational to helping our energy and industrial clients achieve their objectives, positively impact quality of life through the products they provide and improve the efficiency and resilience of their critical infrastructure. We pride ourselves on our commitment to our culture and core values, offering an inclusive and respectful work environment, and being certified as a Great Place To Work®.

The Company is headquartered in Tulsa, Oklahoma with offices located throughout the United States and Canada, as well as Sydney, Australia, and Seoul, South Korea. The Company reports its financial results in three key operating segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities.

To learn more about Matrix Service Company, visit matrixservicecompany.com.

For more information about Matrix, please contact:

Kellie Smythe
Matrix Service Company
Senior Director, Investor Relations
T: 918-359-8267
Email: ksmythe@matrixservicecompany.com

This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as “anticipate,” “continues,” “expect,” “forecast,” “outlook,” “believe,” “estimate,” “should” and “will” and words of similar effect that convey future meaning, concerning the Company’s operations, economic performance and management’s best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those factors discussed in the “Risk Factors” and “Forward Looking Statements” sections and elsewhere in the Company’s reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.

FAQ

What did Matrix Service (MTRX) announce on November 6, 2025?

Matrix announced a balance-of-plant construction award for a 100,000 m3 dual-service full containment tank awarded by Delaware River Partners.

How large is the storage tank in the MTRX award and what can it store?

The project covers a 100,000 m3 (630,000 barrels) dual-service full containment tank designed for liquid ammonia or liquid propane gas (LPG).

When was the MTRX award recorded in backlog?

Matrix reported the balance-of-plant award was taken into backlog in Q1 fiscal 2026.

Does the MTRX project follow any prior awards related to the same terminal?

Yes; this balance-of-plant award follows a prior inner steel tank scope award made in fiscal 2025.

What local economic impact did Matrix cite for the Repauno project?

The company estimated the project could create up to 300 local construction jobs during execution.

How does the Repauno terminal project relate to NGL exports mentioned by MTRX?

Matrix said the Repauno expansion supports growing demand for NGL exports, including LPGs such as propane and butane, by increasing storage capacity and terminal flexibility.