v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30, 2026
(in thousands)T&DC&IGeneral CorporateConsolidated
Contract revenues$554,544 $704,488 $— $1,259,032 
Operating costs (1)
502,910 642,872 28,144 1,173,926 
Income from operations51,634 61,616 (28,144)85,106 
Other income (expense):
Interest income292 
Interest expense(3,580)
Other income, net517 
Income before provision for income taxes82,335 
Income tax expense22,330 
Net income$60,005 
For the Three Months Ended September 30, 2025
(in thousands)T&DC&IGeneral CorporateConsolidated
Contract revenues$503,436 $446,964 $— $950,400 
Operating costs (1)
461,975 418,381 23,773 904,129 
Income from operations41,461 28,583 (23,773)46,271 
Other income (expense):
Interest income197 
Interest expense(1,440)
Other expense, net(297)
Income before provision for income taxes44,731 
Income tax expense12,637 
Net income$32,094 
For the Nine Months Ended September 30, 2026
(in thousands)T&DC&IGeneral CorporateConsolidated
Contract revenues$1,619,536 $1,721,603 $— $3,341,139 
Operating costs (1)
1,466,179 1,575,494 81,693 3,123,366 
Income from operations153,357 146,109 (81,693)217,773 
Other income (expense):
Interest income2,068 
Interest expense(4,945)
Other expense, net(1,405)
Income before provision for income taxes213,491 
Income tax expense56,835 
Net income$156,656 
For the Nine Months Ended September 30, 2025
(in thousands)T&DC&IGeneral CorporateConsolidated
Contract revenues$1,471,479 $1,212,866 $— $2,684,345 
Operating costs (1)
1,353,332 1,144,913 65,752 2,563,997 
Income from operations118,147 67,953 (65,752)120,348 
Other income (expense):
Interest income433 
Interest expense(4,759)
Other expense, net(1,130)
Income before provision for income taxes114,892 
Income tax expense33,024 
Net income$81,868 
(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)September 30, 2026December 31, 2025
T&D$591,796 $553,597 
C&I975,017 474,791 
General Corporate540,733 615,691 
$2,107,546 $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 Nine Months Ended September 30,
(in thousands)20262025
T&D$48,859 $42,737 
C&I11,277 6,540 
$60,136 $49,277