Primoris Services Declares $0.08 Quarterly Dividend
Primoris Services Corporation (NYSE: PRIM), a specialty contractor serving energy and utilities markets, declared a quarterly cash dividend of $0.08 per share. The dividend is payable April 15, 2026, to shareholders of record on March 31, 2026.
Primoris Services Corporation (NYSE: PRIM), a specialty contractor serving energy and utilities markets, declared a quarterly cash dividend of $0.08 per share on February 17, 2026. The dividend will be paid on April 15, 2026, to shareholders of record on March 31, 2026. Read more dividend announcements.
The Dallas-based company announced the dividend alongside its fourth quarter and full year 2025 financial results.
| Dividend Details | Information |
|---|---|
| Amount | $0.08 per share |
| Record Date | March 31, 2026 |
| Ex-Dividend Date | Not specified |
| Payment Date | April 15, 2026 |
| Declaration Date | February 17, 2026 |
Balance Sheet Position
As of December 31, 2025, Primoris held $535.5 million in unrestricted cash and cash equivalents. The company did not repurchase any shares during 2025 under its share buyback program, leaving $150.0 million available for purchases through the program's expiration on April 30, 2028.
Backlog and Operations
Total backlog reached $11.9 billion at year-end 2025, with Utilities backlog of $6.4 billion and Energy backlog of approximately $5.5 billion. Fixed backlog decreased 18.2% year-over-year to $5.0 billion, while MSA backlog increased 20.6% to $7.0 billion.
Capital expenditures for full-year 2025 totaled $129.9 million, including $75.8 million on construction equipment and $35.3 million for facilities. Fourth quarter capital spending was $21.8 million.