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Primoris Services (PRIM) guidance and outlook
Primoris Services (PRIM) raised some and lowered other parts of its guidance on Nov 3, 2026: EBITDA $65.2M–$73.2M for FY2026; EPS $1.20–$1.35 for FY2026; Revenue +8.5% for the quarter ending Sep 30, 2026; Interest expense $43.0M–$47.0M for FY2026. Primoris Services' 10-Q filed Nov 4, 2026 makes 23 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | FY2026 | $65.2M–$73.2M | lowered |
| EPS | FY2026 | $1.20–$1.35 | lowered |
| Revenue | the quarter ending Sep 30, 2026 | +8.5% | new |
| Interest expense | FY2026 | $43.0M–$47.0M | reaffirmed |
| Net income | FY2026 | $65.2M–$73.2M | lowered |
| Revenue | FY2026 | +6% | reaffirmed |
| Gross margin | FY2026 | 10%–12% | reaffirmed |
| Tax rate | FY2026 | 33% | raised |
| Capital expenditures | FY2026 | $30.0M–$40.0M | lowered |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- We have completed major underground and industrial projects for a number of large natural gas transmission and petrochemical companies in the United States and major electrical and gas projects for a number of large utility companies in the United States.
- We enter into a large number of contracts each year, and the projects can vary in length from daily work orders to as long as 36 months, and occasionally longer, for completion on larger projects.
- We generate our revenue from construction and engineering projects, as well as from providing a variety of infrastructure services.
- We have experienced increased operating costs and anticipate that elevated levels of cost inflation could persist for the remainder of 2026.
- Volatility in the prices of oil, gas, and liquefied natural gas that has occurred in recent years has created uncertainty with respect to demand for our pipeline services, both in the near term and for future projects.
- The continuing changes in the regulatory environment have affected the demand for our services, either by increasing our work, delaying projects, or cancelling projects.
- Acquisitions are inherently risky, and no assurance can be given that our previous or future acquisitions will be successful or will not have a material adverse effect on our financial position, results of operations or cash flows.
- In addition, demand for new projects in our Utilities segment tends to be lower during the early part of the calendar year due to clients’ internal budget cycles.
- Our project values range in size from several hundred dollars to several hundred million dollars.
- The bulk of our work is comprised of project sizes that average less than $3.0 million.
- We also perform construction projects which tend not to be seasonal, but can fluctuate from year to year based on customer timing, project duration, weather, and general economic conditions.
- Our business may be affected by declines, or delays in new projects, or by client project schedules.
Primoris Services' latest quarter
Primoris Services, Q3 2026: revenue $2.0B (-10% year over year), operating margin 4.9%, net earnings $51.3M, operating cash flow $140M. The chart follows the revenue to costs, profit and cash.
Questions
Did Primoris Services raise or lower its guidance?
Primoris Services (PRIM) raised some and lowered other parts of its guidance on Nov 3, 2026: EBITDA $65.2M–$73.2M for FY2026; EPS $1.20–$1.35 for FY2026; Revenue +8.5% for the quarter ending Sep 30, 2026; Interest expense $43.0M–$47.0M for FY2026.
What does Primoris Services expect?
We have completed major underground and industrial projects for a number of large natural gas transmission and petrochemical companies in the United States and major electrical and gas projects for a number of large utility companies in the United States. We enter into a large number of contracts each year, and the projects can vary in length from daily work orders to as long as 36 months, and occasionally longer, for completion on larger projects. We generate our revenue from construction and engineering projects, as well as from providing a variety of infrastructure services.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.