Primoris rides a wave of grid and renewable construction work, but parts of its older oil-and-gas business may keep shrinking and make results bumpier. See what labor shortages, tougher rules, and big fixed-price contracts could mean for future projects—and what could prove the worries wrong.Read more
Primoris Services is riding a wave of spending on power grids, clean energy projects, and the behind-the-scenes buildout for data centers, which could make its work steadier and more profitable over time. The catch is that these are crowded markets and some parts of the business can swing with project timing and customer budgets, so the path forward may be bumpier than it looks.Read more
Primoris Services looks set to benefit as fast-growing Sunbelt states spend more on power grids, data centers, and energy infrastructure, with a growing pipeline of long-dated work that could keep results strong. The big question is whether its heavy tilt toward traditional energy projects and a slow shift toward new technology leave it exposed as regulations tighten and competition heats up.Read more
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Primoris Services Corporation provides infrastructure services primarily in the United States and Canada. The company operates in two segments: Utilities and Energy. The Utilities segment offers installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment provides engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The company also provides replacement services. Primoris Services Corporation was founded in 1960 and is headquartered in Dallas, Texas.
