today for Brook. Good for of you, Thank our XXXX. financial results the us morning our outlook remainder thank you third quarter and joining to and discuss
as position overall is in while the stronger. quarter outstanding Reflecting especially on confidence open evident fourth is some or along, results And come backlog. The in a our common we our a the opportunities conditions, good projects. model acquisitions shares of negotiated of and November in years. on quarter, $XXX value in Directors growing we’ve All the other the repurchase the announced in week Our said transactions. our in economy to the tremendous our contracts solar we made a depending of of million our this towards of sign up is prospective repurchase prospects, program, for that can, zero-carbon the price last we million be share things $XX market and have share third shaping stock acquire in even of on future. program announced X, These Under have strength strategic share common the our market markets authorized acquisitions stock. show key moves we recent Board future repurchase business us to and project to our up of market. factors, we privately This
reexamine again Our program Board the XXXX will of it the end expires. December at when
segment $X.X non-GAAP will You hope Year-to-date, some this our on revenue, basis. and driven in for was our Year-to-date, segment billion. that make those peers our was was apples-to-apples to added calculations. with last up it will also release year. compare income year. our we an period XX% note This was earnings our investors results up easier was last which of XX% revenue our We Utilities XX% up the compared net to million, by Energy/Renewables revenue, over $XX.X which same
EPS from is $X.XX, When XX%. additional Our quarter. in is increase increase you full a compared That XXXX million X% from XXXX. offering same X.X at X-month consider is increased year to especially our XXXX, the when look CAGR we EPS have as in that secondary you over first the which our the shares to period significant
record In XX% work. our of addition, master service our strategic agreements backlog made to up is is of focus show results current This continuing on another with for MSA-based us. level
For we $XXX.X of the quarter, revenue. third million generated
these in provide Energy/Renewables returns. continues several and Utilities the in solid performance markets areas years that past over solid to the demonstrates Our our investment
close segment XX% revenue pipeline compared as the Our decreased to year. prior to by
period. during project completed the in XXXX, However, pipeline $XXX million same substantially we
Now, three let’s segments detail. in look the at
the approximately a last to future $XX.X addition Utilities million. to which increase for in segment the infrastructure, the quarter. XX% compared strong of had $XXX.X Our period came same due revenue was is third quarter at This represented a performance. year. Revenue primarily million That of increase
We progress having complete, approximately future completed activities. the on of XXX of continue The the make activities XXX more integration to XX% than infrastructure. integration are
some as to is COVID a associated discussed. slower the of continued market-wide hangover part impact, Even challenge of all rose, we and which our processes. experience design, operations revenue previously permitting delays This material with shortages is customer that
However, Gulf ramping the we quarter the impacted of first are and Hurricanes now were released in see that expect we starting heavily was assist Major held to earlier it restoration in back XXX states to Nicholas. with included along approximately operations during in the power the be and crew work year quarter by members Ida the activities up, Coast the efforts sending that to XXXX.
Utilities new geographic continues Our markets. to group enter
million storm example, an we serves an electric a X.X counties. different provider northeast approximately quarter, provider. customers during services signed in As emergency the MSA utility XX with This for
targeting of keep billions that communication provide with market expanded for expect of services Infrastructure is tens XG order data start Two for master agreements And are to us up of the X-year additional expect to contracts We – next note bringing work grow. networks optional new opportunities acquisition It and of quarter in work million will these required to began demand customer XXXX. in historically Infrastructure the execution to is and gain fiber to presence be the of should during This already of communities. million underserved bandwidth demand. third Texas. we include with to and as over the clear the services Future X-year we of state base aerial dollars billions investment dollars and X actually, with continued $XX further a Future contracts underground additional a to and renewal momentum an this MSA. MSA install fiber-optic and the of its Both months. specific cable $XX across X-year of
Infrastructure to and our create overall between help other will Future for continue create units will We business. business that synergies our growth
and to of which be segment, XX% prior activity, project grew of quarter. energy the million. Now, the mechanical this continue same to the over we an contributor its million is increased completed $XX.X the biggest make we was first revenue expect in project by $XXX activities year. to in the is project our period turning The Energy/Renewables renewable Operationally, to of progress That increase systems. pre-commissioning XXXX. for in the on the quarter final Northeast, LNG currently stages The
activity, quarter the XXX-megawatt discussions projects mentioned that were the In field. completed our be We’ve already in next late contract August, the project. the Southwest. project million and late-stage thermal last of mobilized to power secured Turning $XXX The quarter recently I should regarding second year. we engineering have in in we to begun procurement and this
full lead were work facilities is for of the initial project contracts Initial for in utility-scale the second should currently Midwest, these in limited will anticipation last procurement Two the be of over was have Southwest. the long year finalized we the the in located and addition, on these award. over are In third that next second located and on will projects working LNTPs in notice extend the contract a into for project executed work Final $XXX projects quarter. quarter XXX-megawatt prospective projects. engineering XXXX. proceed QX in Many of under solar Almost this mentioned construction XXX-megawatt for in begin of quarters and million projects quarter. we to both third
to the another of is project The first is The announced and a in expected of solar begin The $XXX addition, of scheduled engineering, in procurement XXXX. award quarter the we facility Southwest. the for recently million. project early is fourth utility-scale construction of with estimated of completion construction In the in an award value solar quarter the XXXX.
Our on clients. expertise solar repeat our opportunities level and from quality of execution creating projects, are
has course years. multiple next solar client on are to on working the projects a currently they several for indicated us project the partner awarded recently projects, Primoris This a client with X project. with over We multiple they like have of would and teams fourth
strongest assets least relationships. are Primoris’ and of appreciated One customer our
contracts XX multiple a continuous same into in that the and have to solar, working beyond solar deferred that And liquids moving of gas are have we contract And customer were types renewable We now that renewals. level front-end been projects contract through with now companies gas engineering. years relationships we and pandemic building the during for and with natural basis are relatively on longer other market.
growth to continues on transmission flexibility. gasification green country. within we with A storage facility tools These and recent civil production. by half with in quadruple of the close that and annual and to inverters midyear for in The X our need the combined As projects The are wood of project decade. takes to power ultimately drive includes order hydrogen over come. renewable likely announced The fits farm year Energy/Renewables nation’s XXXX. advantage XX projects. forest begin the of electricity. installs of and we and an well notes the to means in our the All start perform capabilities we Clean modernization This indicated The renewable the Energy energy natural new that the renewables in solar DOE XXXX, That will billion grow example, of XXXX early the grid XXXX. help study as parts use the through million. convert Department dates gas as gigawatts hydrogen extensive accomplish syngas the report over range set advanced our are $XXX positioned highlights study This energy front-end and solar XX% that into across carbon-negative per natural U.S. it. this syngas, expansion engineering to awards to will move Yosemite to solar end in $XXX to will biofuels per located next to are technology gigawatts and project waste also In as from XX XXXX will the experience Energy’s that years route fourth of potential for need renewable Southwest. October, to to heavy to from has increase this, capacity This all gas. value quarter market as of back for going perfectly XXXX a also year awards additions expand, and
as billion XXXX work $X with XXXX we associated over projects. and year backlog have will We the for close in solar
end commence billion the and heavy our the the are a XXXX addition energy well. that the into of the build QX execution more with backlog we to will been this We’ve renewable our traditional of approximately year is of award on as segment to backlog increase continues $X.X Gulf The Even by in notified scheduled and project to contract Energy/Renewables of business perform in extend of of civil project. Coast an projects, process XXXX.
performance. after to Moving quarter. came an segment, XXXX our million this Services on continues year to more its in the Revenue in exceptional for out Pipeline with line XXXX, $XXX.X at play
completed we including ahead it a mechanical is expectations August, of we the on higher one. was contributor decrease Hurricane all One the quarter. projects achieved during major most Coast, the our this quarter. outset of year-over-year, While pipeline Ida our the In is project the a which along of productivity the slightly for Gulf of impacted from this work
project We and completing items punch completion by list the are our quarter. and currently customer expect this acceptance
Another our other pipeline of on in budget. was QX segment’s pipeline This track. projects benefited this completed Most project and Nevada significantly on results. schedule under are
large to experienced mid-QX. This on We will We projects a have approvals project of operating with QX resume plan in project Coast recently budget. associated and early ahead West delays early and X permits. anticipate or
construction has reliable, towards the additional pipelines. The project we the of has as well need customers. activities renewable push development understanding for for world across to the pricing expected, carbon dispatchable led increase as energy opportunities affordable, neutrality of natural some in gas As commodity our the of renewed increased
utilize products, bid, is work just expertise of alone. is across capacity. refined will all pipeline This We business natural expertise $XXX execution tentatively extends one, million us capture Primoris that help working their order in This to units. expertise Primoris across are and it to for or budgeted gas, to with carbon Renewable pre dioxide carbon expand resources is oil, leverage all our crude be water. exist for types being management and including major help NGLs, a of for Energy budget Pipeline Primoris million the the project some the released of projects whether pipelines, $XXX seeing that facilities reminder which transporting
back That working across with our the customers the Now ordering chain we our to focused moving issues. big board, are schedule. we materials to picture, ahead address are and means on supply normal of alleviate
now in CapEx to equipment We’re delivery increasing for our XXXX. order
as so our focused undertake also disciplined true our the are a that our focused on manage and are of And Across maintained We health superior the stay to and profile. safety we we businesses, being record. strategy projects we we about safety our risk always, workers. on
ahead is total our X.XX, For year, the X.XX. incident which the first rate was our corporate of of X of recordable months target
injuries X of units lost and time remains XX and had As units of XX of safety XX zero COVID-XX our had zero injuries September, recordable priority. the end the of health business business a year-to-date.
guidelines established We protocols well for continue as clients as follow sites. CDC to by their our
also more than get vaccinated We to our employees to XXX with for encourage the in companies and testing continue vaccine to regards mandate employees.
through whatever OSHA. are a various by is We are process hurdles with of go the in watching this and creating comply plan to required the ultimately legal
our requirements a legal our We that and four validation have first multiple to clients. employees are are addresses evaluating plan OSHA; contracts elements: by this our all, documentation labor vaccinated; of implications determined to impact third, to of and employees and evaluating with relating testing designing which on meet the second, and/or the the finally, unvaccinated will MSAs agreements;
want a look a Ken to off to I hand I forward. take numbers, review of to the moment Before for
from electric communications you changing a infrastructure the growing to across additions sources, as electric technology. well is fleet a it infrastructure on well renewable with the shifting line America of power as we are positioned to see, energy our and of a support of and future coming energy civil infrastructure. almost the with energy modernization As as piece revenue mix vehicle this transformation, technology from to transitions and In energy, Electrification proportion to XG and load. meet conventional can and large to exclusively solar greater grid North the transformation other huge this broadband is reliance grid more needs zero-carbon
about previously the on. been has of projections. potential current been working of baked Bill, impact spoken into We Infrastructure that potential has the Congress our have None
bill that for upside come house, be this Now it whatever to units in has passed pure the opportunities us. will from our business
to news see only positive in have Primoris. We but this projects actual can legislation what for see materialize, I
the long-term of modernization times, pandemic. we would after XX COVID-XX ago, chains. some of disruption the pandemic of first unprecedented energy has not shutdowns, triggered of of short-term be do do urgency virus the social the even ways are but everything is predicted us be some as the the been by expansion accelerating the by accurately because global in transition, much or pandemic. are how trends, of implementation processes affecting supply broadband, know will in such Nearly because the grid and been, and We We the the just so impacted and that workplace months has workplaces, slowed as none
from pandemic, that at emerge believe demand we services this has the underlying we our As Primoris for not abated.
contributing long Ken. now communities We and leader are game the to our build and intend here ways. country in to over for And new to that, the in turn sustainable infrastructure our more of a America’s with I’ll we in strength be as it
