Stifel reiterates Legence stock Buy rating on strong Q3 results

Legence reported Q3 2026 revenue of $1.31B, up 85% YoY, driven by data center demand. Data center revenue grew 181.3% YoY, now 63% of total revenue. Adjusted EBITDA rose to $177M, with a margin of 13.5%. The stock traded at $37.10, below its 52-week high of $107.24. The company's backlog reached $5.90B, up 92% YoY, with data centers representing 59% of the total.

Legence (LGN) stock rose 7.7% premarket after reporting Q3 earnings of $1.15 per share, beating estimates of $0.50, and revenue up 85% YoY to $1.31B. The company raised 2026 revenue guidance to $4.87B-$4.91B and introduced 2027 guidance up to $5.6B. A $150M stock buyback program and record backlog of $5.9B also boosted sentiment.

Legence Corp. (LGN) reported Q3 net income of $89.6M, or $1.15 per share, exceeding analyst expectations of 50 cents per share. Revenue was $1.31B. The company forecasts Q4 revenue of $1.26B-$1.3B and full-year revenue of $4.87B-$4.91B.

Legence reported Q3 2026 revenue of $1.31 billion, up 85.1% YoY, with net income of $89.6 million. Adjusted EBITDA rose 99.3% to $177.0 million. The company raised its 2026 outlook and issued 2027 guidance. Key growth areas included data centers and technology clients, while Engineering & Consulting revenue declined 5.8%.

Legence Corp. (LGN) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Legence Reports Third Quarter 2026 Financial Results Record Quarterly Revenues of $1.31 Billion, an 85% Increase from a Year Ago Excluding Bowers Acquisition, Revenues (non-GAAP) Grew by 40% from a Year Ago 1 Quarterly Adjusted EBITDA (non-GAAP) Increased 99% from Pr

Logan Energy Corp. reported record Q3 2026 production. The company agreed to a $1.26B cash sale, including net debt, and a spin-out valued at $0.08 per share, expected to close in early Q1 2027. The deal is subject to approvals and customary conditions.