MYR Group Inc. SEC filings document the company's specialty electrical construction business, including results from its Transmission and Distribution and Commercial and Industrial segments. Recent 8-K filings furnish quarterly and annual earnings releases, operating metrics, backlog discussion, and Regulation FD investor presentation materials.
The company's proxy and annual meeting filings cover board elections, executive compensation matters, shareholder voting results, and related governance disclosures. These regulatory records also identify MYR Group as a public holding company serving electric utility infrastructure, commercial, and industrial construction markets in the United States and Canada.
MYR Group Inc. (MYRG) entered into a new five-year Fourth Amended and Restated Credit Agreement on September 8, 2026 with a bank syndicate led by JPMorgan Chase Bank, Bank of America, and Wells Fargo. The agreement provides a $690 million revolving credit facility and a term loan facility consisting of a $150 million U.S. dollar tranche and a C$70 million Canadian dollar tranche.
The revolving facility permits borrowing in Canadian dollars and other non-U.S. currencies up to the U.S. dollar equivalent of $200 million, includes up to $100 million of letters of credit and $25 million of swingline loans, and features an expansion option of up to $445 million. Borrowings are expected to be used to refinance existing indebtedness and for working capital, capital expenditures, acquisitions and other general corporate purposes. This agreement replaces a prior facility that included a $490 million revolver and a $200 million expansion option and is secured by substantially all of the company’s and its domestic subsidiaries’ assets, with related pledge and guaranty agreements and customary financial covenants, including a maximum Net Leverage Ratio of 3.0 and a minimum interest coverage ratio of 3.0.
MYR GROUP INC. (MYRG) director Richard Aurelie Pascale reported the vesting and settlement of previously granted equity awards. On September 4, 2026, 758 Restricted Stock Units awarded on September 4, 2025 under the issuer's 2017 Long-Term Incentive Plan vested and were settled on a one-for-one basis into 758 shares of Common Stock, now held directly. The related RSU derivative position was fully converted, and no Rule 10b5-1 trading plan is reported.
MYR Group Inc., a leading electrical construction contractor, furnished an updated Q2 2026 investor presentation highlighting record financial performance and strong positioning across its transmission and distribution (T&D) and commercial and industrial (C&I) segments.
For the second quarter of 2026, revenue was $1.08 billion, net income was $49 million, and diluted EPS was $3.17, with total backlog reaching $3.16 billion. For the twelve months ended June 30 2026, total revenue was $4.01 billion, net income $165 million, diluted EPS $10.54, EBITDA $293 million, and free cash flow $193 million, all noted as record highs. LTM T&D revenue was $2.10 billion and C&I revenue $1.91 billion.
The company closed the acquisition of Valley Electric and Comet Electric on July 1 2026, adding combined annual revenues in excess of $400 million and expanding its West Coast C&I footprint. MYR Group reports low leverage with debt to LTM EBITDA of 0.03x and $460 million of availability under its $490 million credit facility before the acquisition, and it repurchased 1.3 million shares for approximately $150 million during 2024–2025.
Vanguard Portfolio Management LLC filed a Schedule 13G reporting a significant ownership position in MYR Group Inc common stock. Vanguard and certain affiliated entities beneficially own 846,723 shares, representing 5.43% of the outstanding common stock.
The filing states Vanguard has sole voting power over 14,821 shares and sole dispositive power over 846,723 shares, with no shared voting or dispositive power. The holdings include shares held by Vanguard funds and managed accounts for which Vanguard entities exercise voting and/or dispositive authority.
MYR Group delivered strong growth in 2026, with Q2 contract revenues of $1.08 billion, up from $900.3 million, and net income of $49.9 million versus $26.5 million. For the first half, revenues reached $2.08 billion and net income $96.7 million, as gross margin improved to 13.3% from 11.6%.
Both segments contributed: Transmission & Distribution first‑half revenue rose to $1.06 billion with a 9.6% operating margin, while Commercial & Industrial revenue increased to $1.02 billion with an 8.3% margin. Non‑GAAP EBITDA was $166.5 million for the half, up from $105.8 million. Backlog was $3.16 billion and remaining performance obligations $2.83 billion, supporting near‑term revenue visibility.
After June 30, MYR Group acquired Valley Holdings for approximately $328.0 million, funded with about $93.0 million of cash and $235.0 million drawn on its $490 million revolving credit facility, expanding its western U.S. electrical contracting presence while increasing leverage.
MYR Group Inc. reported record second-quarter 2026 results, with contract revenues of $1.08 billion, net income of $49.9 million and EBITDA of $85.0 million. Revenue increased by $181.4 million versus the second quarter of 2025, driven by both segments: Transmission & Distribution revenue was $524.0 million and Commercial & Industrial revenue was a record $557.7 million. Gross profit rose to $142.7 million and gross margin expanded to 13.2%, helped by better-than-anticipated productivity, favorable job closeouts and increased project scope, partially offset by project inefficiencies. SG&A grew to $74.4 million, mainly from higher incentive compensation and staffing for growth.
For the first half of 2026, revenue reached $2.08 billion and net income $96.7 million, or $6.15 per diluted share, with gross margin improving to 13.3%. Backlog at June 30, 2026 was a record $3.16 billion, up $518.4 million or 19.6% from a year earlier, including $1.27 billion T&D and $1.89 billion C&I. The balance sheet showed $137.9 million in cash, $460.5 million of availability under a $490 million revolver, and total funded debt of $9.4 million. Book value per share was $47.98, with tangible book value per share of $36.38. Management highlighted strong market fundamentals, a robust bidding pipeline, and the July 1 acquisitions of Valley Electric and Comet Electric, and continued to emphasize non-GAAP metrics such as EBITDA, free cash flow and return on invested capital.
MYR Group Inc. director Donald C.I. Lucky reported multiple open-market sales of the company’s common stock. On June 3, 2026, he sold a total of 14,675 shares in several transactions, at weighted average prices in the $449–$453 per share range. Following these sales, he directly holds 5,579 shares of MYR Group common stock.
MYR Group Inc. director Kenneth Michael Hartwick reported an open-market sale of Common Stock. He sold 3,500 shares on June 3, 2026 at a reported price of $450.50 per share. Following this transaction, he directly holds 18,631 MYR Group shares.
MYRG filed a Form 144 notice reporting proposed sales of Common shares tied to vested compensation awards and retainers. The excerpt lists multiple granted or vested awards (phantom stock units, restricted stock units and retainer awards) with dated vesting entries and individual share counts.
The table shows numerous small award vesting events (examples: 2,482 shares on 04/26/2019, 2,063 shares on 04/25/2020), and multiple retainer awards. The filing is a notice of proposed resale under securities law rather than a primary capital raise.
MYRG submitted a Form 144 notice reporting proposed transactions in Common Stock. The filing lists multiple entries including phantom stock unit vesting under a registered plan on 07/30/2016, 04/28/2017, 07/30/2017, and 04/28/2018, plus an open-market purchase on 06/02/2017. The cover line shows numeric entries 3500, 1,576,085, and 15,571,000 alongside 06/03/2026 and NASDAQ.