Welcome to our dedicated page for Primoris Services news (Ticker: PRIM), a resource for investors and traders seeking the latest updates and insights on Primoris Services stock.
Primoris Services Corporation reports developments in critical infrastructure services for utility, energy, and renewables markets across the United States and Canada. The company provides engineering, construction, and maintenance services, with Utilities and Energy segment updates covering power delivery, natural gas and electric utility systems, communications infrastructure, utility-scale solar, renewables, natural gas generation, pipeline, and industrial work.
Recurring PRIM news centers on quarterly and annual results, backlog and Master Service Agreement backlog, segment revenue and margin trends, project cost performance, bidding activity, completed acquisitions, business outlooks, and investor conference participation.
Primoris Services Corporation (NYSE: PRIM) announced the appointments of James A. Greer and Oscar K. Brown to its Board of Directors, effective October 1, 2026, increasing the Board size to ten members. According to Primoris, Greer brings over 40 years of energy delivery experience, including service as Executive Vice President and Chief Operating Officer of Oncor Electric Delivery Company until 2025. Brown contributes more than 25 years in the energy industry and has served as President and Chief Executive Officer of Western Midstream Partners (NYSE: WES) since October 2024, as well as a director of Western Midstream since 2019. Primoris said these appointments are intended to broaden the Board’s strategic perspective and support long-term shareholder value.
Primoris Services (NYSE: PRIM) reported second quarter 2026 revenue of $1.69 billion, down 10.7% year over year, driven mainly by lower renewables activity in the Energy segment. The Company posted a net loss of $24.2 million, or -$0.45 per diluted share, versus prior-year net income of $84.3 million. Adjusted net loss was $14.6 million and Adjusted EBITDA fell to $11.4 million, down 92.6%.
Gross margin declined to 4.9% from 12.3%, pressured by cost overruns on six renewable energy projects and weaker Utilities margins. Despite near-term weakness, Primoris reported record backlog of $13.9 billion, including $8.2 billion of MSA backlog, up $1.9 billion from year end 2025. The Company maintained full‑year 2026 guidance, including net income of $71–$101 million, Adjusted EPS of $2.05–$2.60 and Adjusted EBITDA of $275–$325 million.
Primoris Services Corporation (NYSE: PRIM) announced it will release its second quarter 2026 financial results on Tuesday, August 4, 2026, after market close. The press release will be posted on the company’s website.
Management will host an earnings conference call and webcast on Wednesday, August 5, 2026, at 9:00 a.m. U.S. Central Time (10:00 a.m. Eastern) with U.S. and international dial-in options and webcast access via the Investors section of www.prim.com.
Primoris Services (NYSE:PRIM) issued a business update, cutting its full-year 2026 outlook due to additional cost overruns and delays on six Renewables projects. It now expects net income of $71–$101 million, EPS of $1.30–$1.85, Adjusted EPS of $2.05–$2.60, and Adjusted EBITDA of $275–$325 million.
Renewables revenue is projected at about $2.1 billion, versus roughly $3.0 billion in 2025. The COO departed effective immediately, while the CEO assumes most responsibilities. The Energy segment secured about $2.0 billion of Q2 2026 project awards, and the company repurchased roughly $50 million of stock.
Primoris Services (NYSE: PRIM) announced leadership changes in its renewables business on June 8, 2026. Tim Healy, currently President of ARB Industrial, was appointed Interim President, Renewables, succeeding Anthony Vorderbruggen, who departed effective immediately. Primoris will conduct an internal and external search for a permanent leader and reaffirmed its focus on growing its renewables operations.
Primoris Services (NYSE:PRIM) announced management participation in four institutional investor conferences from May to July 2026, including events hosted by KeyBanc, Wells Fargo, J.P. Morgan, and CJS Securities.
Updated investor presentations and webcast links will be posted on the company’s investor relations website before each conference.
Primoris (NYSE: PRIM) reported Q1 2026 revenue of $1.6B (down 5.4% YoY) and net income of $17.4M ($0.32 diluted EPS). Adjusted EBITDA was $60.5M (down 39.1% YoY). Total backlog was $11.6B, including MSA backlog of $7.5B. The company completed the acquisition of PayneCrest for about $399.5M on May 1, 2026, and issued full-year 2026 guidance: net income $223.0M–$234.0M, Adjusted EBITDA $480M–$500M, and Adjusted EPS $4.80–$5.00.
Primoris Services Corporation (NYSE: PRIM) will report Q1 2026 results on Tuesday, May 5, 2026, after market close, with a management conference call and webcast on Wednesday, May 6, 2026 at 9:00 a.m. CT / 10:00 a.m. ET.
Dial-in and international call numbers, webcast link via the Investors section at www.prim.com, and a replay available beginning May 7, 2026 for seven days are provided.
Primoris Services Corporation (NYSE: PRIM) agreed to acquire PayneCrest Electric for an all-cash purchase price of $422 million, expected to close in Q2 2026 subject to regulatory approvals. Primoris expects PayneCrest to join its Energy segment and to be accretive to revenue, cash flow, and operating margin.
PayneCrest is estimated to generate $350–$370 million revenue and $38–$42 million adjusted EBITDA in 2026; Primoris estimates the acquisition will contribute $260–$280 million revenue and $28–$32 million adjusted EBITDA to Primoris in 2026. Financing includes $400 million of borrowings under an amended credit agreement.
Primoris Services Corporation (NYSE: PRIM) said its management will attend two institutional investor conferences in March 2026: the Cantor Global Technology & Industrial Growth Conference on March 10, 2026 in New York City and the 38th Annual Roth Conference on March 23–24, 2026 in Laguna Niguel.
A copy of the company’s most recent investor presentation and links to any webcasts will be posted to the Investor Relations "Events and Presentations" section at www.prim.com prior to each event.