The projects with increases from revisions in estimates, which individually had an impact of $5.0 million or more on gross profit, are summarized as follows (dollars in millions, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | Number of projects with upward estimate changes | | | 1 | | | | 2 | | | | 5 | | | | 7 | | | Range of increase in gross profit, net | | $ | 10.6 | | | $ | 5.0 - 8.3 | | $ | 7.9 - 18.2 | | $ | 5.2 - 9.8 | | Increase to project profitability, net | | $ | 10.6 | | | $ | 13.3 | | | $ | 58.3 | | | $ | 50.8 | | | Increase to net income | | $ | 8.0 | | | $ | 9.9 | | | $ | 43.6 | | | $ | 37.7 | | | Amounts attributable to non-controlling interests | | $ | — | | | $ | — | | | $ | 4.4 | | | $ | 5.1 | | Impact to net income (loss) attributable to Granite Construction Incorporated | | $ | 8.0 | | | $ | 9.9 | | | $ | 39.2 | | | $ | 32.6 | | Impact to net income (loss) per diluted share attributable to common shareholders | | $ | 0.17 | | | $ | 0.18 | | | $ | 0.90 | | | $ | 0.62 | |
The projects with decreases from revisions in estimates, which individually had an impact of $5.0 million or more on gross profit, are summarized as follows (dollars in millions, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | Number of projects with downward estimate changes | | | — | | | | 1 | | | | 1 | | | | 3 | | | Range of reduction in gross profit, net | | $ | — | | | $ | 5.9 | | | $ | 18.5 | | | $ | 6.8 - 15.1 | | Decrease to project profitability, net | | $ | — | | | $ | 5.9 | | | $ | 18.5 | | | $ | 32.5 | | | Decrease to net income | | $ | — | | | $ | 4.4 | | | $ | 13.8 | | | $ | 24.1 | | | | | | | | | | | | | | | Impact to net income (loss) attributable to Granite Construction Incorporated | | $ | — | | | $ | 4.4 | | | $ | 13.8 | | | $ | 24.1 | | Impact to net income (loss) per diluted share attributable to common shareholders | | $ | — | | | $ | 0.08 | | | $ | 0.32 | | | $ | 0.46 | |
|