v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of segment's internal financial reports
The information in the following table is derived from the segment’s internal financial reports used for corporate management purposes:
For the Three Months Ended June 30, 2026
(in thousands)T&DC&IGeneral CorporateConsolidated
Contract revenues$524,022 $557,705 $— $1,081,727 
Operating costs (1)
474,509 510,416 28,857 1,013,782 
Income from operations49,513 47,289 (28,857)67,945 
Other income (expense):
Interest income866 
Interest expense(706)
Other expense, net(974)
Income before provision for income taxes67,131 
Income tax expense17,280 
Net income$49,851 
For the Three Months Ended June 30, 2025
(in thousands)T&DC&IGeneral CorporateConsolidated
Contract revenues$506,273 $394,052 $— $900,325 
Operating costs (1)
465,808 372,060 22,670 860,538 
Income from operations40,465 21,992 (22,670)39,787 
Other income (expense):
Interest income45 
Interest expense(1,905)
Other expense, net(533)
Income before provision for income taxes37,394 
Income tax expense10,928 
Net income$26,466 
For the Six Months Ended June 30, 2026
(in thousands)T&DC&IGeneral CorporateConsolidated
Contract revenues$1,064,992 $1,017,115 $— $2,082,107 
Operating costs (1)
963,269 932,622 53,549 1,949,440 
Income from operations101,723 84,493 (53,549)132,667 
Other income (expense):
Interest income1,776 
Interest expense(1,365)
Other expense, net(1,922)
Income before provision for income taxes131,156 
Income tax expense34,505 
Net income$96,651 
For the Six Months Ended June 30, 2025
(in thousands)T&DC&IGeneral CorporateConsolidated
Contract revenues$968,043 $765,902 $— $1,733,945 
Operating costs (1)
891,357 726,533 41,978 1,659,868 
Income from operations76,686 39,369 (41,978)74,077 
Other income (expense):
Interest income236 
Interest expense(3,319)
Other expense, net(833)
Income before provision for income taxes70,161 
Income tax expense20,387 
Net income$49,774 
(1) Operating costs include T&D, C&I and general corporate portion of contract costs, selling, general and administrative expenses, amortization of intangible assets and gain on sale of property and equipment. The expenses found in these other segment items are generally viewed as operating costs by the CODM and are not considered individually significant segment reporting items.
Schedule of assets allocation by segment The table below reflects the identifiable assets for each segment.
(in thousands)June 30, 2026December 31, 2025
T&D$578,160 $553,597 
C&I480,230 474,791 
General Corporate614,075 615,691 
$1,672,465 $1,644,079 
Schedule of depreciation and amortization by segment
An allocation of total depreciation, including depreciation of shared construction equipment, and amortization to each segment is as follows:
For the Six Months Ended June 30,
(in thousands)20262025
T&D$31,649 $28,286 
C&I4,122 4,252 
$35,771 $32,538