Apr. 9 at 6:27 PM
$PRIM
Key drivers for future growth include:
Natural Gas Generation (Utilities Segment): The gas operations business crossed the
$1 billion revenue mark in 2025, and with a
$6 billion project funnel, this area is expected to be a major contributor to long-term growth.
Data Center & Electrical Construction (Energy Segment): The acquisition of PayneCrest Electric (expected to close in Q2 2026) strongly aligns with this sector, adding capabilities for high-growth data center services and advanced electrical infrastructure.
Renewables and Battery Storage (Energy Segment): Renewables revenue exceeded
$3 billion in 2025, driven by strong solar and battery storage demand.
Power Delivery (Utilities Segment): The company is benefiting from multi-year Master Service Agreements (MSAs) driven by increased utility spending, with MSA backlog up over 20% year-over-year.