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Tutor Perini Corporation reports recurring developments across civil, building and specialty construction. The company provides general contracting, design-build, pre-construction planning and project management services for private customers and public agencies, with work spanning transportation infrastructure, government facilities, water systems, buildings and public-private partnership projects.
Company updates commonly address operating results, segment revenue, backlog, project execution, new awards and change orders, including work tied to transit, federal facilities, energy resilience and utility infrastructure. News also includes capital-return actions such as quarterly cash dividends and share repurchase authorizations, along with earnings-call announcements and guidance commentary.
Tutor Perini (NYSE: TPC) announced that its subsidiary Lunda Construction has been identified by the Minnesota Department of Transportation as the apparent low bidder for Highway 243 Project SP 1311-06, with a bid of $28,551,380, spanning Chisago (MN) and Polk (WI) Counties.
The scope includes grading, bituminous pavement, reinforced soil slopes, ADA improvements and a new bridge. Work is expected to start in fall 2026 and reach substantial completion in fall 2028. The contract value is expected to be added to Tutor Perini’s backlog in the third quarter of 2026.
Tutor Perini (NYSE: TPC) announced that subsidiary Lunda Construction was awarded a $33.45 million contract by the Minnesota Department of Transportation for Project SP 2758-75 on Highway 77 in Hennepin and Dakota Counties. Work includes grading, concrete and bituminous surfacing, cable guardrail, lighting, and rehabilitation of 10 bridges. Construction is expected to start in fall 2026, with substantial completion in fall 2028, and the contract value will be added to Tutor Perini’s third-quarter 2026 backlog.
Tutor Perini (NYSE:TPC)/b) announced that subsidiary was awarded the Roberts Street Railroad Bridge Replacement Project over the Mississippi River in St. Paul, Minnesota.
The project will replace a 113-year-old 189-foot vertical lift truss bridge with a new 215-foot rolling bascule truss span and includes six new steel approach bridges, pier rehabilitation, new protection walls, a 38-foot crash bumper, and a concrete support platform.
Construction is expected to start in July 2026, with substantial completion anticipated in December 2029. The undisclosed contract value will be added to Tutor Perini’s backlog in the second quarter of 2026.
Tutor Perini (NYSE:TPC) redeemed $400 million of 11.875% Senior Notes due 2029, funded by its 6.625% Senior Notes due 2033 and cash on hand. The company also amended and restated its credit agreement, extending and enlarging its revolving credit facility and improving pricing and covenants.
The Revolving Credit Facility maturity moved to July 2, 2031, commitments increased from $170 million to $350 million, and interest rate margins and leverage covenants were revised.
Tutor Perini (NYSE:TPC) priced a private offering of $400 million aggregate principal amount of 6.625% senior unsecured notes due 2033, expected to close around July 2, 2026, subject to customary conditions.
The notes will be guaranteed by certain domestic subsidiaries. Tutor Perini intends to use the net proceeds, together with cash on hand, to redeem $400 million of its 11.875% senior notes due April 30, 2029 and pay related premiums, accrued interest, fees and expenses. The offering is limited to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S.
Tutor Perini (NYSE:TPC) plans a private offering of $400 million senior unsecured notes due 2033, guaranteed by certain wholly owned domestic subsidiaries.
According to Tutor Perini, net proceeds plus cash on hand will redeem $400 million 11.875% senior notes due April 30, 2029 and cover related costs.
Tutor Perini (NYSE:TPC) received a $651.8 million NAVFAC Pacific task order for Project P‑1181 to harden critical electrical feeders on Naval Base Guam. The joint venture with Black Construction will replace overhead power lines with underground systems, boosting resiliency and reliability.
Design starts August 2026, construction in April 2027, with substantial completion expected June 2031. The full task order value will be added to TPC’s backlog in second-quarter 2026.
Tutor Perini (NYSE:TPC) announced that subsidiary Roy Anderson Corp was awarded a Jones Hall Project contract at the University of Mississippi, valued at approximately $114 million.
The four-story, 110,000-square-foot facility for the Patterson School of Accountancy is scheduled from June 2026 to December 2028 and will be added to TPC’s Q2 2026 backlog.
Tutor Perini (NYSE:TPC) announced that subsidiary Fisk Electric won a new electrical contract for an advanced manufacturing and data center infrastructure facility in Houston, Texas, valued at approximately $48 million.
The 115,000-square-foot project targets completion by year-end 2026, and the contract value will enter backlog in Q2 2026.
Tutor Perini (NYSE:TPC) announced that subsidiary Perini Management Services received an approximately $81.8 million U.S. Coast Guard contract for Family Housing Phase IV and an Aviation Hill water tank at USCG Base Kodiak, Alaska.
The project adds to backlog in Q2 2026 and targets substantial completion by November 2028.