Matrix Service Company Announces Award for the Balance of Plant Supporting a Large, Dual Service Full Containment Storage Tank for Delaware River Partners
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.
Matrix Service Company (Nasdaq: MTRX) ha dichiarato che Delaware River Partners ha assegnato a Matrix NAC la costruzione di bilancio dell'impianto per un serbatoio di stoccaggio a doppio servizio e piena contenimento da 100.000 m3 (630.000 barili) in grado di immagazzinare ammoniaca liquida o GPL. L'assegnazione è stata registrata come backlog nel Q1 dell'esercizio 2026 e segue un precedente affidamento per l'ambito dell'interno serbatoio d'acciaio nel 2025 fiscale. Il progetto sostiene l'espansione del Porto e Terminal ferroviario di Repauno per soddisfare la domanda di esportazione di NGL e si stima che creerà fino a 300 lavori edili locali. Matrix ha evidenziato la sua offerta integrata di stoccaggio specializzato e bilanciamento dell'impianto e ha detto che consegnerà lavori incentrati su qualità e sicurezza.
Matrix Service Company (Nasdaq: MTRX) dijo que Delaware River Partners otorgó a Matrix NAC la construcción de balance-of-plant para un tanque de almacenamiento de servicio dual y contención total de 100.000 m3 (630.000 barriles), capaz de almacenar amoníaco líquido o GPL. La adjudicación se registró como backlog en el primer trimestre fiscal de 2026 y sigue a una adjudicación previa para el alcance del tanque de acero interior en 2025 fiscal. El proyecto apoya la expansión del Puerto y Terminal Ferroviario Repauno para atender la demanda de exportación de NGL y se estima que genere hasta 300 empleos de construcción locales. Matrix destacó su oferta integrada de almacenamiento especializado y balance-of-plant y dijo que entregará trabajos centrados en la calidad y la seguridad.
Matrix Service Company (나스닥: MTRX)는 Delaware River Partners가 Matrix NAC에 100,000 m3 (630,000 배럴)의 이중 서비스 전용 완전 격리 저장탱크의 잔여공정 공사를 수주했다고 밝혔다. 이 수주는 회계연도 2026 1분기의 백로그로 기록되었으며 회계연도 2025의 내강 탱크 범위에 대한 이전 수주에 따른 것이다. 이 프로젝트는 NGL 수출 수요를 충족하기 위한 Repauno 항만 및 철도 터미널 확장을 지원하며 지역 건설 일자리 최대 300개를 창출할 것으로 추정된다. Matrix는 통합된 특수 저장 및 잔여 공정 제안을 강조했고 품질과 안전에 중점을 두고 작업을 제공할 것이라고 밝혔다.
Matrix Service Company (Nasdaq : MTRX) a déclaré que Delaware River Partners a attribué à Matrix NAC la construction de balance-of-plant pour un réservoir de stockage à service double et à containment total de 100 000 m3 (630 000 barils) capable de stocker de l'ammoniac liquide ou du GPL. L'attribution a été enregistrée dans le portefeuille en premier trimestre fiscal 2026 et fait suite à une attribution précédente pour l'étendue du réservoir en acier interne en 2025 fiscal. Le projet soutient l'expansion du port et du terminal ferroviaire de Repauno afin de répondre à la demande d'exportation de NGL et il est estimé qu'il créera jusqu'à 300 emplois locaux dans la construction. Matrix a mis en avant son offre intégrée de stockage spécialisé et de balance-of-plant et a déclaré qu'il livrera des travaux axés sur la qualité et la sécurité.
Matrix Service Company (Nasdaq: MTRX) erklärte, dass Delaware River Partners Matrix NAC mit der Balance-of-Plant-Konstruktion für einen 100.000 m3 (630.000 Barrel) großen, vollständig abgeschlossenen Zweitnutzungs-Speichertank beauftragt hat, der flüssige Ammoniak oder LPG lagern kann. Die Vergabe wurde im Backlog Q1 des Geschäftsjahres 2026 verbucht und folgt einem früheren Auftrag für den Innersteel-Tankumfang im fiskal 2025. Das Projekt unterstützt die Erweiterung des Repauno Port and Rail Terminal, um der Nachfrage nach NGL-Exporten gerecht zu werden, und es wird geschätzt, bis zu 300 lokale Bauarbeiten zu schaffen. Matrix hob sein integriertes Spezialspeicher- und Balance-of-Plant-Angebot hervor und sagte, dass die Arbeiten mit Fokus auf Qualität und Sicherheit geliefert werden.
Matrix Service Company (ناسداك: MTRX) قالت إن Delaware River Partners كلفت Matrix NAC بإنجازات التوازن للمرافق لبناء خزان تخزين ذو خدمة مزدوجة واحتواء كامل بسعة 100,000 م3 (630,000 برميل) قادر على تخزين أمونيا سائلة أو LPG. تم تسجيل الجائزة كرصيد قائم في الربع الأول من السنة المالية 2026 وتأتي عقب جائزة سابقة لنطاق خزان داخلي من الفولاذ في السنة المالية 2025. يدعم المشروع توسيع ميناء ريبانو والمحطة الحديدية لخدمة طلبات تصدير NGL ويُتوقع أن يخلق حتى 300 وظيفة بناء محلية. أكدت Matrix على عرضها المتكامل للتخزين المتخصص والتوازن للمرافق وقالت إنها ستنفذ الأعمال مركزة على الجودة والسلامة.
- 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
- None.
Insights
Large balance-of-plant award expands backlog and secures follow-on scope for specialty storage work.
Matrix won the balance-of-plant construction for a 100,000 m3 (630,000 barrels) dual-service full containment tank that can hold Liquid Ammonia or LPG; this scope was added to backlog in
The business mechanism is straightforward: additional contracted scope increases backlog and ties Matrix to a multi-part project at the Repauno Port and Rail Terminal, which the release says will expand storage capacity and operational flexibility for NGL exports. Execution risk and schedule adherence will determine revenue recognition and margin realization; safety and quality outcomes also matter given the hazardous contents specified.
Key dependencies include timely execution of balance-of-plant works, coordination with the previously awarded inner tank scope, and meeting construction safety standards. Watch backlog conversion into revenue during
Follow-on contract reinforces Matrix’s specialty-storage positioning and deepens client relationship.
Securing the balance-of-plant for a dual-service, full-containment 100,000 m3 tank complements an earlier inner tank award and shows continuity of scope with Delaware River Partners at the Repauno facility. The release highlights the company’s integrated offering in specialty storage vessels and balance-of-plant construction as a competitive differentiator.
Risks center on project execution, schedule slippage, and cost control during construction of hazardous-storage infrastructure; these will affect margins and reputation if not managed. Concrete items to watch are progress against project milestones, safety performance, and the local hiring outcome of up to 300 construction jobs, with meaningful updates likely to appear across upcoming quarterly reporting cycles after the backlog entry in
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?
How large is the storage tank in the MTRX award and what can it store?
When was the MTRX award recorded in backlog?
Does the MTRX project follow any prior awards related to the same terminal?
What local economic impact did Matrix cite for the Repauno project?
How does the Repauno terminal project relate to NGL exports mentioned by MTRX?
