MasTec reports record Q3 revenue and backlog, raises full‑year earnings guidance
MasTec announced third‑quarter 2026 revenue of $5.2 billion, up 30% year‑over‑year, and adjusted EBITDA of $486.4 million, both quarterly records. The 18‑month backlog reached $24.5 billion, a 46% increase, driven by a 74% jump in Power Delivery revenue. The company lifted its full‑year diluted EPS guidance to $5.69‑$6.01 and adjusted EPS guidance to $8.92‑$9.30, while noting pipeline project delays could shift some revenue into 2027.
Why it matters
The higher earnings guidance signals stronger profitability expectations for investors, but the noted pipeline delays may postpone a portion of revenue and earnings to the following year, affecting cash‑flow timing (MasTec’s filing).
Key facts
- 1Q3 2026 revenue was $5.2 billion, a quarterly record and 30% higher than the prior year. sec.gov
- 2Adjusted EBITDA for the quarter was $486.4 million, also a quarterly record. sec.gov
- 3The 18‑month backlog grew to $24.5 billion, up 46% year‑over‑year. sec.gov
- 4Power Delivery segment revenue increased $3.2 billion, a 74% year‑over‑year growth. sec.gov
- 5Full‑year diluted EPS guidance was raised to a range of $5.69 to $6.01 per share, a 15% year‑over‑year increase at the midpoint. sec.gov
- 6Full‑year adjusted diluted EPS guidance was raised to a range of $8.92 to $9.30 per share, a 39% year‑over‑year increase at the midpoint. sec.gov
Summary written by AlphAI AI Desk from 17 of 17 sources. Not investment advice. Figures are as stated by the linked sources.