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MYRG US​
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MYRG US​
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Myr Group Inc.(MYRG US)

$273.09-5.341.92%Ext:$251.33-21.767.97%(After Hours · 23:49:46 UTC)
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Myr Group Inc.(MYRG US)

$273.09-5.341.92%Ext:$251.33-21.767.97%(After Hours · 23:49:46 UTC)
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Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

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Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Myr Group Inc. — Company Profile

Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.

Sector
Energy
Industry
Energy Equipment & Services
Exchange
UQ
CEO
Richard S. Swartz Jr.
Headquarters
Thornton, CO, US
IPO Date
Aug 13, 2008
Employees
9,000
Website
www.myrgroup.com

Key Metrics

Price
$304.77
Market Cap
$4.75B
Revenue (TTM)
$1.00B
Net Income (TTM)
$46.80M
EPS (TTM)
3.01
P/E (TTM)
33.44

Myr Group Inc. — Company Profile

Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.

Sector
Energy
Industry
Energy Equipment & Services
Exchange
UQ
CEO
Richard S. Swartz Jr.
Headquarters
Thornton, CO, US
IPO Date
Aug 13, 2008
Employees
9,000
Website
www.myrgroup.com

Key Metrics

Price
$304.77
Market Cap
$4.75B
Revenue (TTM)
$1.00B
Net Income (TTM)
$46.80M
EPS (TTM)
3.01
P/E (TTM)
33.44
P/B (TTM)
6.75
Dividend Yield
0.00%
ROE (TTM)
6.66%
ROA (TTM)
2.80%
Operating Margin
6.38%
Beta
1.21

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.

Website
www.myrgroup.com
Location
Thornton, CO, US
Phone303 286 8000
Employees9,000
CEORichard S. Swartz Jr.
Sector
Energy
Industry
Energy Equipment & Services
IPO DateAug 13, 2008

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Latest Documents

SEC Filings(1.2K)

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  • 8-K1 Q3 | NOVEMBER 2026 | NASDAQ: MYRG INVESTOR PRESENTATION Q3 20262 Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenue, income, capital spending, segment improvements and investments. Forward-looking statements are generally accompanied by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “likely,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should,” “unlikely” or other words that convey the uncertainty of future events or outcomes. The forward-looking statements in this announcement speak only as of the date of this announcement. We disclaim any obligation to update these statements (unless required by securities laws), and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Forward-looking statements in this announcement should be evaluated together with the many uncertainties that affect MYR Group’s business, particularly those mentioned in the risk factors and cautionary statements in Item 1A of MYR Group’s most recent Annual Report on Form 10-K, and in any risk factors or cautionary statements contained in MYR Group’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Safe Harbor Notice Forward-Looking Statements3 MYR Group Inc. A Market Leader In Electrical Construction MYR Group Inc. is a holding company of subsidiaries that have delivered some of the largest and most notable electrical infrastructure and commercial and industrial projects throughout the United States and Canada since 1891. STRONG FINANCIALS Strong balance sheet supporting projects of any scale with proven execution EXTENSIVE RESOURCES & EXPERTISE ~10,000 employees and one of the industry’s largest specialized fleets COMMERCIAL & INDUSTRIAL (C&I) EXPERIENCED LEADERSHIP Executive team averaging 31+ years of industry experience CONTINUED GROWTH Strong market presence with sustained organic and acquisitive growth STRONG SAFETY CULTURE Industry-leading safety performance (2025: TCIR - 0.92, LTIR - 0.14) LONG-STANDING CUSTOMERS 50+ year partnerships across the U.S. and Canada with 90%+ repeat clients TRANSMISSION & DISTRIBUTION (T&D) Transmission Distribution Substation Street Lighting Storm Restoration Energy Storage Healthcare Transportation Manufacturing Data Centers Clean Energy Warehousing 70+ OFFICE LOCATIONS4 $4.31B LTM 9/30/2026 $2.50B 2021 $3.01B 2022 $3.66B 2025 $3.64B 2023 REVENUE CAGR 12.2% RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS 31 YEARS IN A ROW1 $3.36B 2024 1. Engineering News-Record5 ▪ T&D primarily consists of small to medium-sized projects, with some larger High Voltage Direct Current (HVDC) transmission projects. We execute routine maintenance work under long-term Master Service Agreements (MSAs). Strong, long- term drivers are expected to continue to increase T&D spending. ▪ The core markets we serve in C&I remain active, with multiple growth drivers and notable strength in data center and transportation opportunities. ▪ Reshoring of manufacturing continues to create opportunities in our markets, and we believe both MYR Group business segments are well positioned to benefit from this. ▪ AI is driving growth in data centers and power demand. Data centers have been an important and growing end market for our C&I segment for a long time, while new interconnections, substations and infrastructure upgrades to data centers present additional opportunities for our T&D segment. ▪ Strong balance sheet with $650M in availability under our $890M credit facility and debt to LTM EBITDA leverage of 0.63x. Management believes our strong balance sheet will enable us to meet our working capital needs, support organic growth, pursue acquisitions, and opportunistically repurchase shares. What We See Outlook6 A person in a safety vest and helmet looking at a construction vehicle Description automatically generated MAINE POWER RELIABILITY PROGRAM Maine; $200M+; 4-year project; 210 miles of 345kV & 115kV transmission line CENTRAL 70 TRANSPORTATION Colorado; $100M+; 4.5-year project; electrical construction services CENTRAL EAST ENERGY CONNECT New York; $300M+; 3.5-year project; nearly 100 miles of 345kV transmission DEN CONCOURSE EXPANSIONS Colorado; $190M+, 3-year project; 55-gate concourse expansion program ▪ Industry leader and trusted partner ▪ Strong, long-standing customer relationships ▪ Experience with small to large, fast-track projects ▪ Deliver highest quality services with skilled experts ▪ Strong execution of large projects on stand-alone basis and with JV partners ▪ Experience with voltages up to 765kV ▪ Maintain one of the largest specialized fleets ▪ Expertise delivering some of the largest, most complex, electrical construction projects ▪ Decades of experience in our core C&I markets including data centers, transportation, healthcare, manufacturing, warehousing, and clean energy Electrical Construction Project Delivery Depth & Breadth of Expertise INTUIT DOME California; $130M+ project; 18,000-seat L.A. Clippers arena7 ▪ LTM revenue of $2.15B as of September 30, 2026 ▪ Backlog of $1.29B as of September 30, 2026* ▪ Strong, long-standing relationships with a diverse customer base where approximately 65% of business is performed under Master Service Agreements ▪ Acquired the Powerline Plus Companies in January 2022 REPRESENTATIVE CUSTOMERS *T&D backlog only includes 90 days of MSA work; typically, these agreements are multi-year in duration $1,302 $1,746 $2,089 $1,881 $2,002 $2,150 $0 $500 $1,000 $1,500 $2,000 $2,500 2021 2022 2023 2024 2025 9/30/26 LTM M il li o n s T&D Revenue T&D Revenue 11.1% CAGR Business Segment Update Transmission & Distribution (T&D)8 Source: Power Insights, North American Electric Distribution Market Forecast and North American Electric Transmission Market Forecast, September and October 2026 Source: Edison Electric Institute, updated March 2026 ▪ Power Insights forecasts transmission spending will grow 10 percent per year for the next five years (2026-2030) and distribution spending will grow by 4 percent per year. (Power Insights 2026 market reports, August and October 2026) ▪ The National Electrical Manufacturers Association forecasts that U.S. annual electricity consumption will rise 55 percent over the next 25 years (by 2050), in part due to high power demand for data centers. (makeitelectric.org, May 2026) ▪ Investor-owned utilities are expected to invest nearly $1.4 trillion in the grid between 2026 and 2030 due to rising energy demand. This is an increase from the previous projection of $1.1 trillion to be invested between 2025 and 2029. (EEI.org and ElectricPerspectives.com, May 2026) ▪ S&P Global Market Intelligence anticipates that transmission will make up between 18 and 22 percent of annual capital spending by U.S. energy utilities, and distribution will make up 26 to 32 percent. (SPGlobal.com, April 2026) System Reliability & Resiliency Programs Aging Electric Grid Connecting New Generation Sources Plant Retirements System Hardening Electrification Data Centers & Reshoring Distributed Energy Resources INVESTMENT DRIVERS Strong, Long-Term Drivers T&D Market Outlook9 REPRESENTATIVE CUSTOMERS $1,197 $1,263 $1,555 $1,482 $1,655 $2,164 $0 $500 $1,000 $1,500 $2,000 $2,500 2021 2022 2023 2024 2025 9/30/26 LTM M il li o n s C&I Revenue C&I Revenue 13.3% CAGR Business Segment Update Commercial & Industrial (C&I) ▪ LTM revenue of $2.16B as of September 30, 2026 ▪ Backlog of $2.39B as of September 30, 2026 ▪ Growth in our core markets is driven by increasing investments in data centers, transportation, clean energy, and healthcare, as well as reshoring of manufacturing, and we remain well diversified across our core markets ▪ Strong, long-standing customer relationships ▪ Acquired Valley Electric and Comet Electric in July 202610 Data Centers Transportation Healthcare Clean Energy, Storage & EV Charging E-Commerce Manufacturing Industrial Facilities MYR GROUP CORE C&I MARKETS ▪ FMI’s latest nonresidential construction index (NRCI) eased slightly to 51.7 compared to 55.1 in the previous quarterly reading. Scores above 50 indicate expansion. FMI said backlogs remained “healthy.” (FMIcorp.com, October 2026) ▪ The Dodge Momentum Index grew by 2.4 percent to 288 (2000=100) in September, from an August reading of 281.3. Institutional planning led the month’s growth, with a “strong uptick” in education, healthcare and government building planning. Year-over-year, the index is up 3.7 percent. (construction.com, October 2026) ▪ The Associated Builders and Contractors Association’s Construction Backlog rose in September to 8.7 months. Readings for sales (60.1), profit margins (52) and staffing (60.7) all remain above the threshold of 50, indicating growth expectations for the next six months. (ABC.org, October 2026) Source: The Dodge Momentum Index, October 7, 2026 MYR Group’s C&I segment sees steady bidding opportunities in its core markets and continues to be well diversified. Strong, Long-Term Drivers C&I Market Outlook11 ▪ Commercial & Industrial (C&I) electrical contractor ▪ Valley Electric Company, Inc. – Founded in 1982 and based in Everett, Washington ▪ Comet Electric, Inc. – Founded in 1976 and based in Chatsworth, California ▪ Combined annual revenues in excess of $400 million (2024- 2025) ▪ Closed on July 1, 2026 2026 Acquisition Valley Electric & Comet Electric GEOGRAPHIC REACH Expands our C&I reach with six office locations throughout Washington and California, serving customers in WA, CA, OR, ID, & NV SERVICE OFFERINGS Full-service C&I contractor providing preconstruction, design-build/assist, BIM, prefabrication, construction, service, predictive maintenance and repair STRONG, DIVERSIFIED END MARKETS Serving key markets including transportation, mission critical, commercial, industrial, education, and healthcare STRONG, LONG-TERM CUSTOMERS Customer relationships spanning 20+ years with low customer concentration and a proven track record with general contractors and owners EXPERIENCED MANAGEMENT TEAM & HIGHLY-SKILLED WORKFORCE Seasoned executive team with 22 average years of tenure, strong safety performance, highly-skilled workforce of more than 900 employees and shared culture, values and commitment to delivering superior service REPRESENTATIVE CUSTOMERS:12 AI Driven Demand Increased Cloud Services Greater Data Storage Needs Deceleration of Power Efficiency Gains Crypto Mining Operations DATA CENTER DRIVERS ▪ Data centers, a subsegment of the office sector, will continue driving sector growth through 2030, according to FMI’s engineering and construction outlook. This year, they are expected to push the sector to roughly 14 percent overall growth. The office sector is forecasted to grow by 18% in 2027, 12% in 2028, 9 percent in 2029 and 6 percent in 2030. (fmicorp.com, October 2026) ▪ Associated Builders and Contractors said that data center work contributed to backlog increases in August and September. “The 15% of ABC members under contract to work on data centers averaged 11.3 months of backlog in September, a full three months more than ABC members that are not,” ABC’s Chief Economist Anirban Basu said. (ABC.org, October 2026) ▪ The National Electrical Manufacturers Association expects data centers to account for 38 percent of net electricity consumption through 2037, due to artificial intelligence workloads. (UtilityDive.com, May 2026) ▪ Goldman Sachs predicts data center power demand will more than double to 66 GW in 2027, from 31 GW in 2025, while 451 Research, a part of S&P Global Energy Horizons, estimated data center grid power demand will nearly triple to 183.2 GW between 2025 and 2030. (spglobal.com and goldmansachs.com, May 2026) MYR Group’s C&I segment has decades of experience providing services for new construction, expansion build-outs, upgrades and maintenance of data center facilities. The T&D segment builds and upgrades lines and substations to interconnect new data centers, working for our utility customers. Market Opportunities for Both T&D and C&I Data Center Market Expansion Excludes enterprise-owned data centers. Utility power represents actual and forecast total electricity supplied to data centers from the power grid, including IT equipment, cooling, lighting, offices and security systems as of the market monitor release date. Sources: S&P Global Energy Horizons, latest 451 Research Datacenter Services & Infrastructure Market Monitor & Forecast: US Focused. Data compiled April 13, 2026.13 We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. Clean Energy Transformation Partner14 VIEW REPORT ▪ Reducing Our Impact on Projects - Scrap material recycling - Environmental compliance ▪ Clean Energy Transformation Partner - Clean energy interconnect work - Solar & energy storage projects - Electric vehicle charging installations ▪ Equity & Inclusion - 25% racially/ethnically diverse Board of Directors - 38% of the Board of Directors is female - Established Veteran Employee Resource Group - Varied vendor utilization and partnerships ▪ Policy & Guidance - Established corporate policies - Promote honest and ethical conduct - Develop employee awareness and compliance ▪ Corporate Governance - Conduct annual evaluations - Effective executive compensation best practices ▪ Board Composition - Independent Chair of the Board - Committees comprised solely of independent directors - Majority voting standard for directors in uncontested elections ▪ Keeping Safety at Our Core - Behavioral commitment to safety - Strong culture built on leadership, employee dedication, top- notch training programs, industry involvement, and a focus on constant innovation and improvement ▪ Investing in Our People - 92,900+ workhours of training - 1,510 employee development courses completed - Robust benefits and wellness program ▪ Giving Back to Our Communities - Raised and donated more than $3.5M in last three years - Supported more than 130 non-profit organizations in last three years ▪ Operating Sustainably - GHG emissions tracking and goals - Waste recycling and reduction - Water and energy stewardship Online at myrgroup.com/sustainability Building a Sustainable Future with Corporate Responsibility15 MYRG - CAGR 32.51% EME - CAGR 45.55% PWR - CAGR 48.03% MTZ - CAGR 22.29% PRIM - CAGR 19.67% -200% 0% 200% 400% 600% 800% 1000% 1200% MYRG EME PWR MTZ PRIM Stock Price Performance Dividend-Adjusted Stock Return ( 1/4/21 - 9/30/26 ) Stock Price as of: MYRG EME PWR MTZ PRIM 1/4/2021 58.14$ 87.51$ 67.61$ 67.29$ 26.59$ 9/30/2026 292.46$ 754.49$ 642.40$ 213.62$ 74.52$ Div. Adj. Stock Return 403.0% 762.2% 850.1% 217.5% 180.3%16 T&D $2.15B C&I $2.16B Business Segment Revenue Q3 2026 RESULTS – Record Highs $60.0M Net Income or $3.82 Per Diluted Share $3.68B Backlog $1.26B Revenue Our strong third-quarter results demonstrate the momentum across our business and the strength of our execution. We delivered record quarterly revenues of $1.26 billion, net income of $60.0 million, and EBITDA of $110.0 million, supported by increased activity across both our T&D and C&I segments, including record quarterly C&I revenues. Through the first nine months of 2026, revenues reached $3.34 billion, reflecting healthy demand across our core markets and continued investment in critical electrical infrastructure. As we integrate Valley Electric and Comet Electric and expand our capabilities and geographic reach, we remain focused on disciplined execution, strengthening our customer relationships, and positioning MYR to capitalize on the significant infrastructure opportunities ahead. Rick Swartz President and CEO September 30, 2026 LTM Total Revenue (1) $4.31B Net Income (1) $193.2M Earnings per Diluted Share (1) $12.31 EBITDA * (1) $340.7M Free Cash Flow * $137.1M * See reconciliation of non-GAAP measures on slide 21 (1) Record High September 30, 2026 LTM FINANCIAL OVERVIEW Total Revenue $4.31B Delivering Strong Returns Financial Snapshot17 53.7% 16.1% 13.7% 11.7% 10.7% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% EME MYRG PWR PRIM MTZ 3-Year Average ROIC MYRG, PWR, EME, and MTZ 3-year period is September 2023 – September 2026 PRIM 3-year period is June 2023 – June 2026 ▪ Low debt leverage ▪ Strong balance sheet with $650M in availability under our $890M credit facility ▪ Substantial bonding capacity ▪ Investment in specialty equipment supporting future organic growth $52.4 $77.1 $84.7 $75.9 $94.4 $111.9 2.0% 2.2% 2.4% 2.6% 2.8% 3.0% $0 $20 $40 $60 $80 $100 $120 2021 2022 2023 2024 2025 9/30/26 LTM M ill io n s CAPEX Investment CAPEX Spend CAPEX % of Rev $(400) $(200) $- $200 $400 $600 $800 $1,000 2021 2022 2023 2024 2025 9/30/2026 M ill io n s Liquidity Credit Facility Cash LOC Bank Debt Total Liquidity Well-Positioned to Support Additional Growth Balance Sheet Strength18 $164.2 $175.8 $188.2 $117.8 $232.7 $340.7 $- $100 $200 $300 $400 2021 2022 2023 2024 2025 9/30/26 LTM M ill io n s EBITDA * EBITDA 16.6% CAGR * For reconciliation of EBITDA to net income, see page 21 QTR YEAR $1,789 $2,502 $2,512 $2,576 $2,824 $3,680 $- $1,000 $2,000 $3,000 $4,000 4 4 4 4 4 3 2021 2022 2023 2024 2025 2026 M il li o n s Backlog Backlog > 12 Mo 12 Mo. Backlog 16.4% CAGR $4.95 $4.91 $5.40 $1.83 $7.53 $12.31 $- $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 2021 2022 2023 2024 2025 9/30/26 LTM Diluted EPS - Attributable to MYR Group Inc. Diluted EPS 21.1% CAGR Demonstrated Strong, Long-Term Execution Financial Performance $2,498 $3,009 $3,644 $3,362 $3,658 $4,315 $- $1,000 $2,000 $3,000 $4,000 $5,000 2021 2022 2023 2024 2025 9/30/26 LTM M il li o n s Revenue by Segment T&D C&I 12.2% CAGR19 EXECUTIVE LEADERSHIP Rick Swartz, CEO MYRG: 44 years Industry: 44 years 22 Years EXECUTIVES AVERAGE: With MYR Group MYR Group Inc. has a strong team of experienced leaders that make up our executive team and Board of Directors. We believe diversity of our leadership is a critical component of creating long-term value for our shareholders. We seek individuals who bring extensive experience and unique perspectives to both our Company and our Board. 31 Years Industry Experience BOARD OF DIRECTORS STATISTICS 38% Female 88% Majority Independent 25% Racially / Ethnically Diverse Directors 5:3 Varied Tenure 5 of 8 have 0-9 years 3 of 8 have 10+ years Executives & Board of Directors Experienced Leadership Team Kelly Huntington, CFO MYRG: 3 years Industry: 23 years Brian Stern, COO - T&D MYRG: 21 years Industry: 25 years Don Egan, COO - C&I MYRG: 35 years Industry: 35 years William Fry, CLO MYRG: 7 years Industry: 28 years20 Identify and evaluate strategic opportunities in the U.S. and Canada that achieve long-term growth objectives and leverage our core capabilities Focus on acquisitions that meet clear, long-term return thresholds and are compatible with MYR Group’s values and culture Focus on integration of processes, people, technology, and equipment Strategic expansion of geographic footprint into new markets in the U.S. and Canada Invest in additional fleet and labor resources to expand capacity Leverage extensive bid knowledge and long-term customer relationships ORGANIC GROWTH Expand in new and existing markets that align with core capabilities STRATEGIC ACQUISITIONS Evaluate opportunities to expand and hone business expertise PRUDENT CAPITAL RETURNS Opportunistically repurchase shares New $100 million share repurchase authorization, announced on October 28, 2026, expires on November 3, 2027, or when the authorized funds are exhausted, whichever is earlier From 2024-2025, the Company repurchased 1.3 million shares for approximately $150 million at an average share price of $117 Creating Shareholder Value21 Demonstrated Strong Long-Term Execution Reconciliation of Non-GAAP Measures Note: EBITDA is not recognized under GAAP and does not purport to be an alternative to net income as a measure of operating performance or to net cash flows provided by operating activities as a measure of liquidity. EBITDA is a component of the debt to EBITDA covenant that we must report to our bank on a quarterly basis. In addition, management considers EBITDA a useful measure because it eliminates differences which are caused by different capital structures as well as different tax rates and depreciation schedules when comparing our measures to our peers’ measures. Free cash flow is not recognized under GAAP and does not purport to be an alternative to net income attributable to MYR Group Inc., cash flow from operations or the change in cash on the balance sheet. Management views free cash flow as a measure of operational performance, liquidity, and financial health. ROIC Definition Net Income (LTM) [A] + [(Net Interest Expense + Amortization of Intangibles) * (1-Effective Tax Rate)] [A] Net Income excludes noncontrolling interest and discontinued operations ÷ [Book Value (Total Stockholders’ Equity [B] + Net Debt] @ beginning and ending period average [B] Total Stockholders’ Equity excludes minority interests and discontinued operations = Return on Invested Capital Three-year averages are derived from calculating the return metric for each twelve-month period and then averaging the three-period metrics EBITDA FREE CASH FLOW $ In Millions FY LTM LTM 2021 2022 2023 2024 2025 9/30/2026 9/30/2026 Net Income 85.0$ 83.4$ 91.0$ 30.3$ 118.4$ 193.2$ Net cash flow from operating activities 249.0$ Interest Expense, Net 1.7 3.4 4.1 6.1 4.9 3.5 Less: cash used in purchasing property and equipment (111.9) Income Tax Expense 31.3 30.8 34.0 16.2 42.9 66.6 Free Cash Flow 137.1$ Depreciation and Amortization 46.2 58.2 59.1 65.2 66.5 77.4 EBITDA 164.2$ 175.8$ 188.2$ 117.8$ 232.7$ 340.7$ EBITDA is a non-GAAP financial measure that is defined as Earnings Before Interest, Taxes, Depreciation and Amortization. Free cash flow is a non-GAAP measure that is defined as cash flow provided by operating activities minus cash flow used in purchasing property and equipment22 NASDAQ: MYRG myrgroup.com JENNIFER HARPER MYR Group Inc., Vice President, Investor Relations and Treasurer [email protected] HEADQUARTERS 12121 Grant Street, Suite 610 Thornton, CO 80241 [email protected]4 Nov
  • 10-QQ3ended 30 Sept 202628 Oct
  • 8-KResults of Operations and Financial Condition28 Oct
  • 8-KEntry into a Material Definitive Agreement10 Sep
  • Form 4Richard Aurelie Pascale4 Sep
  • 8-KRegulation FD Disclosure7 Aug
  • SC 13GMYR GROUP INC.31 Jul
  • 10-QQ2ended 30 Jun 202629 Jul
  • 8-KResults of Operations and Financial Condition29 Jul
  • Form 4LUCKY DONALD C.I.4 Jun
  • Form 4Hartwick Kenneth Michael4 Jun
  • Form 144LUCKY DONALD C.I.2 Jun
  • Form 144Hartwick Kenneth Michael2 Jun
  • Form 4Huntington Kelly Michelle2 Jun
  • Form 4O'Connor Shirin2 Jun
  • Form 144O'Connor Shirin1 Jun
  • Form 144Huntington Kelly Michelle1 Jun
  • 8-K1 Q1 | MAY 2026 | NASDAQ: MYRG INVESTOR PRESENTATION2 Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenue, income, capital spending, segment improvements and investments. Forward-looking statements are generally accompanied by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “likely,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should,” “unlikely” or other words that convey the uncertainty of future events or outcomes. The forward-looking statements in this announcement speak only as of the date of this announcement. We disclaim any obligation to update these statements (unless required by securities laws), and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Forward-looking statements in this announcement should be evaluated together with the many uncertainties that affect MYR Group’s business, particularly those mentioned in the risk factors and cautionary statements in Item 1A of MYR Group’s most recent Annual Report on Form 10-K, and in any risk factors or cautionary statements contained in MYR Group’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Safe Harbor Notice Forward-Looking Statements3 MYR Group Inc. A Market Leader In Electrical Construction MYR Group Inc. is a holding company of subsidiaries that has delivered some of the largest and most notable electrical infrastructure and commercial and industrial projects throughout the United States and Canada since 1891. STRONG FINANCIALS Strong balance sheet supporting projects of any scale with proven execution EXTENSIVE RESOURCES & EXPERTISE 9,000+ employees and one of the industry’s largest specialized fleets COMMERCIAN & INDUSTRIAL (C&I) EXPERIENCED LEADERSHIP Executive team averaging 30+ years of industry experience 65+ OFFICE LOCATIONS CONTINUED GROWTH Strong market presence with sustained organic and acquisitive growth STRONG SAFETY CULTURE Industry-leading safety performance (2025: TCIR - 0.92, LTIR - 0.14) LONG-STANDING CUSTOMERS 50+ year partnerships across the U.S. and Canada with 90%+ repeat clients TRANSMISSION & DISTRIBUTION (T&D) Transmission Distribution Substation Street Lighting Storm Restoration Energy Storage Healthcare Transportation Manufacturing Data Centers Clean Energy Warehousing4 $3.82B LTM 3/31/2026 $2.50B 2021 $3.01B 2022 $3.66B 2025 $3.64B 2023 REVENUE CAGR 10.5% RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS 30 YEARS IN A ROW1 $3.36B 2024 1. Engineering News-Record5  T&D primarily consists of small to medium-sized projects, with some larger High Voltage Direct Current (HVDC) transmission projects. We execute routine maintenance work under long-term Master Service Agreements (MSAs). Strong, long- term drivers are expected to continue to increase T&D spending.  The core markets we serve in C&I remain active, with multiple growth drivers and notable strength in data center and transportation opportunities.  Reshoring of manufacturing continues to create opportunities in our markets, and we believe both MYR Group business segments are well positioned to benefit from this.  AI is driving growth in data centers and power demand. Data centers have been an important and growing end market for our C&I segment for a long time, while new interconnections, substations and infrastructure upgrades to data centers present additional opportunities for our T&D segment.  Strong balance sheet with $460M in availability under our $490M credit facility, and debt to LTM EBITDA leverage of 0.04x and $163M cash and equivalents, which management believes will enable us to meet our working capital needs, support organic growth, pursue acquisitions, and opportunistically repurchase shares. What We See Outlook6 MAINE POWER RELIABILITY PROGRAM Maine; $200M+; 4-year project; 210 miles of 345kV & 115kV transmission line CENTRAL 70 TRANSPORTATION Colorado; $100M+; 4.5-year project; electrical construction services CENTRAL EAST ENERGY CONNECT New York; $300M+; 3.5-year project; nearly 100 miles of 345kV transmission DEN CONCOURSE EXPANSIONS Colorado; $190M+, 3-year project; 55-gate concourse expansion program  Industry leader and trusted partner  Strong, long-standing customer relationships  Experience with small to large, fast-track projects  Deliver highest quality services with skilled experts  Strong execution of large projects on stand-alone basis and with JV partners  Experience with voltages up to 765kV  Maintain one of the largest specialized fleets  Expertise delivering some of the largest, most complex, electrical construction projects  Decades of experience in our core C&I markets including data centers, transportation, healthcare, manufacturing, warehousing, and clean energy Electrical Construction Project Delivery Depth & Breadth of Expertise INTUIT DOME California; $130M+ project; 18,000-seat L.A. Clippers arena7  LTM revenue of $2.08B as of March 31, 2026  Backlog of $981M as of March 31, 2026*  Strong, long-standing relationships with a diverse customer base where approximately 70% of business is performed under Master Service Agreements  Acquired the Powerline Plus Companies in January 2022 REPRESENTATIVE CUSTOMERS *T&D backlog only includes 90 days of MSA work; typically, these agreements are multi-year in duration $1,302 $1,746 $2,089 $1,881 $2,002 $2,082 $0 $500 $1,000 $1,500 $2,000 $2,500 2021 2022 2023 2024 2025 03/31/26 LTM M ill io ns T&D Revenue T&D Revenue 11.7% CAGR Business Segment Update Transmission & Distribution (T&D)8Source: Power Insights, North American Electric Distribution Market Forecast and North American Electric Distribution Market Forecast, September and October 2025 Source: Edison Electric Institute, updated January 2026 Actual and Projected Transmission Investment by Investor-Owned Electric Companies  U.S. electricity usage is expected to grow by 1 percent in 2026 and 3 percent in 2027, following two years of consumption growth. This would be the strongest four-year growth period since 2000. The driving factor is increased demand from “large computing centers.” (EIA.gov, January 2026)  J.P. Morgan anticipates the more than $1 trillion grid investment planned for the coming decade will be split between 37 percent transmission and 63 percent distribution. (jpmorgan.com; March 2026)  S&P Global forecasts aggregated energy utility investments will continue reaching new heights. They anticipate $259B will be spent in 2026, $276B in 2027, and $277B in 2028, an approximate 29% increase from roughly $200B spent in 2025. Electric utilities will invest in infrastructure modernization, reliability and new generation capacity to meet heightened energy demand from new large-load customers, particularly data centers. (SPGlobal.com, April 2026)  Investor-owned utilities spent $32.6 billion on transmission investment in 2024, compared to $30.0 billion in 2023, and were projected to spend $39.9 billion in 2025 and $178 billion between 2025-2028. They spent $60.2 billion on distribution investment in 2024, compared to $56.7 billion in 2023. (eei.org; January 2026) System Reliability & Resiliency Programs Aging Electric Grid Connecting New Generation Sources Plant Retirements System Hardening Electrification Data Centers & Reshoring Distributed Energy Resources INVESTMENT DRIVERS Strong, Long-Term Drivers T&D Market Outlook9 REPRESENTATIVE CUSTOMERS $1,197 $1,263 $1,555 $1,482 $1,655 $1,743 $0 $500 $1,000 $1,500 $2,000 2021 2022 2023 2024 2025 03/31/26 LTM M ill io ns C&I Revenue C&I Revenue 9.3% CAGR Business Segment Update Commercial & Industrial (C&I)  LTM revenue of $1.74B as of March 31, 2026  Backlog of $1.86B as of March 31, 2026  Growth in our core markets is driven by increasing investments in data centers, transportation, clean energy, and healthcare, as well as reshoring of manufacturing, and we remain well diversified across our core markets  Strong, long-standing customer relationships10 Data Centers Transportation Healthcare Clean Energy, Storage & EV Charging E-Commerce Manufacturing Industrial Facilities MYR GROUP CORE C&I MARKETS  FMI’s latest nonresidential construction index (NRCI) eased slightly to 53.4 in the second quarter of 2026, compared to 54.5 in the first quarter. Scores above 50 indicate expansion. Backlog expectations pulled back somewhat but were “well into expansion territory and signaling solid workload visibility.” (FMIcorp.com, March 2026)  The Dodge Momentum index rose by almost 2 percent in March to 250.5 (2000=100) and remained 25.8 percent higher year over year. The month’s momentum was driven “almost entirely by data center projects,” while other sectors are easing back. (construction.com, April 2026)  The Associated Builders and Contractors Association’s Construction Backlog Indicator rose to 8.6 months in March. The readings for sales, profit margins and staffing are all higher than they were one year ago and remain above the threshold of 50, indicating expectations for growth over the next six months. (ABC.org, April 2026) Source: The Dodge Momentum Index, April 7, 2026 MYR Group’s C&I segment sees steady bidding opportunities in its core markets and continues to be well diversified. Strong, Long-Term Drivers C&I Market Outlook11  Commercial & Industrial (C&I) electrical contractor  Valley Electric Company, Inc. – Founded in 1982 and based in Everett, Washington  Comet Electric, Inc. – Founded in 1976 and based in Chatsworth, California  Combined annual revenues in excess of $400 million (2024- 2025)  Expected to close in 3Q26, subject to receiving required regulatory approvals and the satisfaction of other customary closing conditions 2026 Acquisition Valley Electric & Comet Electric GEOGRAPHIC REACH Expands our C&I reach with six office locations throughout Washington and California, serving customers in WA, CA, OR, ID, & NV SERVICE OFFERINGS Full-service C&I contractor providing preconstruction, design-build/assist, BIM, prefabrication, construction, service, predictive maintenance and repair STRONG, DIVERSIFIED END MARKETS Serving key markets including transportation, mission critical, commercial, industrial, education, and healthcare STRONG, LONG-TERM CUSTOMERS Customer relationships spanning 20+ years with low customer concentration and a proven track record with general contractors and owners EXPERIENCED MANAGEMENT TEAM & HIGHLY-SKILLED WORKFORCE Seasoned executive team with 22 average years of tenure, strong safety performance, highly-skilled workforce of more than 900 employees and shared culture, values and commitment to delivering superior service REPRESENTATIVE CUSTOMERS:12 AI Driven Demand Increased Cloud Services Greater Data Storage Needs Deceleration of Power Efficiency Gains Crypto Mining Operations DATA CENTER DRIVERS DATA CENTERS DRIVING INCREMENTAL INFRASTRUCTURE INVESTMENT  Data centers, a subsegment of the office sector, has the highest anticipated growth according to FMI’s first quarter engineering and construction outlook. They estimated that data center market spending was 35% higher in 2025 than 2024 and will continue growing over the next four years by 23%, 21%, 13% and 11%, respectively. (FMI 2026 North American Engineering and Construction Outlook, January 2026)  Dodge Construction Network found that nonresidential building starts improved 17.8 percent in February, with commercial starts up 48.5 percent “solely driven” by the 159.6 percent growth in offices and data centers. On a year-over-year basis, commercial and industrial construction was up 22.9 percent. (construction.com, March 2026)  U.S. data centers currently consume 4.5 percent of the nation’s power, but the Electric Power Research Institute (EPRI) anticipates that share could double by 2030. EPRI forecasts data centers could consume 9 to 17 percent of the nation’s electricity by then – 60 percent more demand than their forecast two years earlier. (E&E News, February 2026)  The North American Electric Reliability Corp. (NERC) forecasted that summer peak demand will grow by 224 GW over the next 10 years, and winter peak demand by 246 GW, driven by new data centers. The new summer peak forecast was a 69% increase compared NERC’s 2024 forecast. (energy.gov, January 2026) MYR Group’s C&I segment has decades of experience providing services for new construction, expansion build-outs, upgrades and maintenance of data center facilities. The T&D segment builds and upgrades lines and substations to interconnect new data centers, working for our utility customers. C Three’s 2024 North American Electric Transmission Market Forecast reports that AI is “supercharging” data center growth and is a major driver of increasing load growth projections. They noted that data centers are chasing cheap power for their locations, while hyperscale data center owners are also chasing renewable power. The report noted there are more than 170 hyperscale and co-location data centers planned, representing more than 45GW of capacity. Market Opportunities for Both T&D and C&I Date Center Market Expansion13 We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. Clean Energy Transformation Partner14 VIEW REPORT  Reducing Our Impact on Projects - Scrap material recycling - Environmental compliance  Clean Energy Transformation Partner - Clean energy interconnect work - Solar & energy storage projects - Electric vehicle charging installations  Equity & Inclusion - 25% racially/ethnically diverse Board of Directors - 38% of the Board of Directors is female - Established Veteran Employee Resource Group - Varied vendor utilization and partnerships  Policy & Guidance - Established corporate policies - Promote honest and ethical conduct - Develop employee awareness and compliance  Corporate Governance - Conduct annual evaluations - Effective executive compensation best practices  Board Composition - Independent Chair of the Board - Committees comprised solely of independent directors - Majority voting standard for directors in uncontested elections  Keeping Safety at Our Core - Behavioral commitment to safety - Strong culture built on leadership, employee dedication, top- notch training programs, industry involvement, and a focus on constant innovation and improvement  Investing in Our People - 92,900+ workhours of training - 1,510 employee development courses completed - Robust benefits and wellness program  Giving Back to Our Communities - Raised and donated more than $3.5M in last three years - Supported more than 130 non-profit organizations in last three years  Operating Sustainably - GHG emissions tracking and goals - Waste recycling and reduction - Water and energy stewardship Online at myrgroup.com/sustainability Building a Sustainable Future with Corporate Responsibility15 MYRG - CAGR 35.21% EME - CAGR 50.22% PWR - CAGR 49.14% MTZ - CAGR 34.81% PRIM - CAGR 37.83% -100.0% 0.0% 100.0% 200.0% 300.0% 400.0% 500.0% 600.0% 700.0% 800.0% 900.0% Dividend-Adjusted Stock Return (01/04/2021 - 03/31/2026) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return PRIM Div. Adj.-Return Dividend Adjusted Stock Return Stock Price as of: MYRG EME PWR MTZ PRIM 1/4/2021 58.14$ 87.56$ 67.63$ 67.29$ 26.64$ 3/31/2026 282.32$ 737.94$ 548.91$ 321.74$ 143.04$ Div. Adj. Stock Return 385.6% 742.8% 711.6% 378.1% 437.0% Stock Price Performance Dividend-Adjusted Stock Return16 T&D $2.08B C&I $1.74B Business Segment Revenue Q1 2026 RESULTS $46.8M Net Income (1) or $2.99 Per Diluted Share (1) $2.84B Backlog (1) $1.00B Revenue We started the year with strong momentum, delivering year-over-year increases in revenue and gross profit, along with record quarterly net income, EBITDA, and backlog. By deepening relationships with strategic customers and continuing to invest in expanding our geographic footprint and market reach, we are creating meaningful, long-term growth opportunities and strengthening our competitive position. We believe our solid financial performance, disciplined execution, and favorable market outlook position us well to sustain this momentum through the remainder of 2026. Rick Swartz President and CEO MARCH 31, 2026 LTM $3.82BTotal Revenue (1) $141.9MNet Income (1) $9.07Earnings per Diluted Share (1) $264.1MEBITDA * (1) $230.6MFree Cash Flow * * See reconciliation of non-GAAP measures on slide 20 (1) Record Highs March 31, 2026 LTM FINANCIAL OVERVIEW Total Revenue $3.82B (1) Record Highs Delivering Strong Returns Financial Snapshot17 47.1% 15.5% 13.4% 12.8% 9.2% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% EME MYRG PRIM PWR MTZ 3-Year Average ROIC MYR, PWR, MTZ, PRIM, and EME 3-year period is March 2023 – March 2026  Low debt leverage  Strong balance sheet with $460M in availability under our $490M credit facility and $163M in cash and equivalents  Substantial bonding capacity  Investment in specialty equipment supporting future organic growth $52.4 $77.1 $84.7 $75.9 $94.4 $97.4 2.0% 2.2% 2.4% 2.6% 2.8% 3.0% $0 $20 $40 $60 $80 $100 $120 2021 2022 2023 2024 2025 03/31/26 LTM M ill io ns CAPEX Investment CAPEX Spend CAPEX % of Rev $(200) $(100) $- $100 $200 $300 $400 $500 $600 $700 2021 2022 2023 2024 2025 03/31/26 M ill io ns Liquidity Credit Facility Cash LOC Bank Debt Total Liquidity Well-Positioned to Support Additional Growth Balance Sheet Strength18 $164.2 $175.8 $188.2 $117.8 $232.7 $264.1 $- $100 $200 $300 2021 2022 2023 2024 2025 03/31/26 LTM M illi on s EBITDA * EBITDA 11.8% CAGR * For reconciliation of EBITDA to net income, see page 20 QTR YEAR $1,789 $2,502 $2,512 $2,576 $2,824 $2,843 $- $1,000 $2,000 $3,000 4 4 4 4 4 1 2021 2022 2023 2024 2025 2026 M ill io ns Backlog Backlog > 12 Mo 12 Mo. Backlog 11.5% CAGR $4.95 $4.91 $5.40 $1.83 $7.53 $9.07 $- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 2021 2022 2023 2024 2025 03/31/26 LTM Diluted EPS - Attributable to MYR Group Inc. Diluted EPS 15.3% CAGR Demonstrated Strong, Long-Term Execution Financial Performance $2,498 $3,009 $3,644 $3,362 $3,658 $3,825 $- $1,000 $2,000 $3,000 $4,000 $5,000 2021 2022 2023 2024 2025 03/31/26 LTM M ill io ns Revenue by Segment T&D C&I 10.5% CAGR19 EXECUTIVE LEADERSHIP Rick Swartz, CEO MYRG: 43 years Industry: 43 years 21 Years EXECUTIVES AVERAGE: With MYR Group MYR Group Inc. has a strong team of experienced leaders that make up our executive team and Board of Directors. We believe diversity of our leadership is a critical component of creating long-term value for our shareholders. We seek individuals who bring extensive experience and unique perspectives to both our Company and our Board. 30 Years Industry Experience BOARD OF DIRECTORS STATISTICS 38% Female 88% Majority Independent 25% Racially / Ethnically Diverse Directors 5:3 Varied Tenure 5 of 8 have 0-9 years 3 of 8 have 10+ years Executives & Board of Directors Experienced Leadership Team Kelly Huntington, CFO MYRG: 3 years Industry: 23 years Brian Stern, COO - T&D MYRG: 20 years Industry: 25 years Don Egan, COO - C&I MYRG: 34 years Industry: 34 years William Fry, CLO MYRG: 7 years Industry: 28 years20 Identify and evaluate strategic opportunities in the U.S. and Canada that achieve long-term growth objectives and leverage our core capabilities Focus on acquisitions that meet clear, long-term return thresholds and are compatible with MYR Group’s values and culture Focus on integration of processes, people, technology, and equipment Strategic expansion of geographic footprint into new markets in the U.S. and Canada Invest in additional fleet and labor resources to expand capacity Leverage extensive bid knowledge and long-term customer relationships ORGANIC GROWTH Expand in new and existing markets that align with core capabilities STRATEGIC ACQUISITIONS Evaluate opportunities to expand and hone business expertise PRUDENT CAPITAL RETURNS Opportunistically repurchase shares From 2024-2025, the Company repurchased 1.3 million shares for approximately $150 million at an average share price of $117 under multiple repurchase programs Creating Shareholder Value21 Demonstrated Strong Long-Term Execution Reconciliation of Non-GAAP Measures Note: EBITDA is not recognized under GAAP and does not purport to be an alternative to net income as a measure of operating performance or to net cash flows provided by operating activities as a measure of liquidity. EBITDA is a component of the debt to EBITDA covenant that we must report to our bank on a quarterly basis. In addition, management considers EBITDA a useful measure because it eliminates differences which are caused by different capital structures as well as different tax rates and depreciation schedules when comparing our measures to our peers’ measures. Free cash flow is not recognized under GAAP and does not purport to be an alternative to net income attributable to MYR Group Inc., cash flow from operations or the change in cash on the balance sheet. Management views free cash flow as a measure of operational performance, liquidity, and financial health. ROIC Definition Net Income (LTM) [A] + [(Net Interest Expense + Amortization of Intangibles) * (1-Effective Tax Rate)] [A] Net Income excludes noncontrolling interest and discontinued operations ÷ [Book Value (Total Stockholders’ Equity [B] + Net Debt] @ beginning and ending period average [B] Total Stockholders’ Equity excludes minority interests and discontinued operations = Return on Invested Capital Three-year averages are derived from calculating the return metric for each twelve-month period and then averaging the three-period metrics EBITDA FREE CASH FLOW $ In Mi l l ions FY LTM LTM 2021 2022 2023 2024 2025 3/31/2026 3/31/2026 Net Income 85.0$ 83.4$ 91.0$ 30.3$ 118.4$ 141.9$ Net cash flow from operating activities 328.0$ Interest Expense, net 1.7 3.4 4.1 6.1 4.9 3.5 Less: cash used in purchasing property and equipment (97.4) Income Tax Expense 31.3 30.8 34.0 16.2 42.9 50.6 Free Cash Flow 230.6$ Depreciation and Amortization 46.2 58.2 59.1 65.2 66.5 68.1 EBITDA 164.2$ 175.8$ 188.2$ 117.8$ 232.7$ 264.1$ EBITDA is a non-GAAP financial measure that is defined as Earnings Before Interest, Taxes, Depreciation and Amortization. Free cash flow is a non-GAAP measure that is defined as cash flow provided by operating activities minus cash flow used in purchasing property and equipment22 NASDAQ: MYRG myrgroup.com JENNIFER HARPER MYR Group Inc., Vice President, Investor Relations and Treasurer [email protected] HEADQUARTERS 12121 Grant Street, Suite 610 Thornton, CO 80241 [email protected]28 May
  • 8-KRegulation FD Disclosure27 May
  • SC 13G/AMYR GROUP INC.15 May

News

  • MYR Group Q3 Earnings Call Highlights 2027 Growth & Margin Outlook4 Nov
  • MYR Group Inc. to Attend UBS Global Industrials and Transportation Conference in December2 Nov
  • MYR Group Inc. (MYRG) Q3 2026 Earnings Call Transcript29 Oct
  • What MYR Group (MYRG) Said on Its Q3 Earnings Call29 Oct
  • MYR Group (MYRG) Beats Q3 Earnings and Revenue Estimates28 Oct
  • MYR Group Inc. Announces Third-Quarter and First Nine-Months 2026 Results - Board Approves New $100 Million Share Repurchase Program28 Oct
  • Inspire Investing LLC Buys 5,060 Shares of MYR Group, Inc. $MYRG25 Oct
  • MYR Group Inc. Announces Third Quarter 2026 Earnings Release and Conference Call Schedule14 Oct
  • MYR Group Inc. to Attend Baird 2026 Global Industrial Conference in November13 Oct
  • MYR Group Inc. to Attend Cantor Convergence: 4th Annual Crypto, FinTech, AI & Energy Infrastructure Conference in November12 Oct
  • Financial Review: Everus Construction Group (NYSE:ECG) and MYR Group (NASDAQ:MYRG)12 Oct
  • INNOVATE (NYSE:VATE) and MYR Group (NASDAQ:MYRG) Critical Contrast12 Oct
  • MYR (MYRG) Upgraded to Strong Buy: What Does It Mean for the Stock?30 Sep
  • MYRG's T&D Segment 1H26 Revenues Up 10%: More Upside Ahead?30 Sep
  • Will MYR Group's Net Income Continue Its Eight-Quarter Growth Streak?24 Sep
  • MYR Group: A Change In Revenue Types Is Benefitting Margins22 Sep
  • Argan vs. MYR Group: Which Power Infrastructure Stock Is a Better Buy?21 Sep
  • Is the Options Market Predicting a Spike in MYR Group Stock?15 Sep
  • MYR Group's Backlog Hits Record in Q2: Can the Growth Trend Continue?15 Sep
  • MYR Group Gains 59% in a Year: Time to Buy, Sell or Hold the Stock?11 Sep

Mentions in Filings

  • … r Systems, Inc., a TSX listed telecommunications software company, from June 2008 until its sale to Amdocs in August 2011; Imvescor Restaurant Group, a TSX listed restaurant franchisor, from March 2016 until its sale to <strong>MYR Group</strong> in February 2018; and COM DEV International Ltd., a global designer and manufacturer of space hardware from April 2013 to February 2016. From August 2003 to May 2005, Mr. Sgro attended Columbia Business School. From June …
    Legato Merger Corp. IVMyr Group Inc.·10-K - Annual report FY 2026·FY26·04:30PM
  • … ondition, using a peer group of comparable companies selected by that firm. The peer group currently consists of: ABM Industries Incorporated; Comfort Systems USA, Inc.; Dycom Industries, Inc.; FirstService Corporation; <strong>MYR Group</strong>, Inc.; Quanta Services, Inc.; Rollins, Inc.; and Scotts Miracle-Gro Company. The semiannual valuations are effective for a period of six months and the per-share price established by those valuations is the price at whic …
    DAVEY TREE EXPERT COMyr Group Inc.·10-Q - Quarterly report Q3·Q3 26·10 Nov
  • … s the following businesses and entities, or individuals: Quanta Services, Inc., EMCOR Group, Inc., MasTec, Inc., APi Group Corporation, Comfort Systems USA, Inc., Primoris Services Corporation, Dycom Industries, Inc., <strong>MYR Group Inc.</strong>, IES Holdings, Inc., and Centuri Holdings, Inc. Nothing in this Award Agreement shall prohibit the Participant from purchasing or owning less than five percent (5%) of the publicly traded securities of any corporation …
    Everus Construction Group, Inc.Myr Group Inc.·EX-10.3 - 10-Q - Quarterly report Q3·Q3 26·6 Nov
  • … g Holdings, Inc., Dycom Industries, Inc., EMCOR Group, Inc., Granite Construction, Inc., Great Lakes Dredge & Dock Corporation, IES Holdings, Inc., KBR, Inc., Limbach Holdings, Inc., MasTec, Inc., Mistras Group, Inc., <strong>MYR Group Inc.</strong>, NPK International Inc., Northwest Pipe Company, Orion Group Holdings, Inc., Primoris Services Corporation, and Sterling Infrastructure, Inc. The Company will be included in the array when calculating the Company’s pe …
    MATRIX SERVICE COMyr Group Inc.·EX-10.22 - 10-K - Annual report FY 2026·FY26·3 Sep
  • “Peer Group” shall mean Ameresco, Inc., Arcosa, Inc., Argan, Inc., Babcock & Wilcox Enterprises, Inc., Concrete Pumping Holdings, Inc., Dycom Industries, Inc., EMCOR Group, Inc., Granite Construction, Inc., IES Holdings, Inc., KBR, Inc., Limbach Holdings, Inc., MasTec, Inc., Mistras Group, Inc., MYR Group Inc., NPK International Inc., NWPX Infrastructure, Inc., Orion Group Holdings, Inc., Primoris Services Corporation, Shimmick Corporation, Ster …
    MATRIX SERVICE COMyr Group Inc.·EX-10.23 - 10-K - Annual report FY 2026·FY26·3 Sep
  • … 404 | Mitek Systems, Inc. | 39,328 | 0.01 | | 55,346 | Montrose Environmental Group, Inc. | 1,417,965 | 0.47 | | 9,962 | Moog, Inc. Class A | 2,271,834 | 0.76 | | 43,570 | Movado Group, Inc. | 904,077 | 0.30 | | 4,763 | <strong>MYR Group</strong>, Inc. | 1,059,339 | 0.35 | | 53,530 | Myriad Genetics, Inc. | 406,828 | 0.14 | | 34,109 | NCR Atleos Corp. | 1,261,692 | 0.42 | | 134,141 | Nerdy, Inc. | 177,066 | 0.06 | | 10,555 | New Jersey Resources Corp. | 506,851 | …
    ゴールドマン・サックス・アセット・マネジメント株式会社Myr Group Inc.·Annual Report - Annual Securities Report (2026.02.11-2026.08.10)·10 Nov·9 Nov

Key Stats

Trading

Px/Chg 1D$304.77 / +2.30%
Avg Volume299.11K
Beta1.21
Mkt Cap4.75B
FD Mkt Cap4.55B

Float

Shrs Out/Float15.57M / 15.28M
Short Float0.06%
Days to Cover2.23
Stock Repurchased$0.00

Current Valuation

EV4.64B
EV/EBITDA17.50
EV/Sales1.21
P/B6.75
P/S1.24
FCF Yield1.45%
ROE6.66%
ROA2.80%
Current Ratio1.31

Estimates

P/E33.44
Est P/E0.00
Est EPS2.09
Est PEG0.00

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings73.0124.1630.5268.36140.62101.39
Price / Sales2.410.670.760.625.284.74
Price / Book Value5.173.604.263.457.786.75
Price / Free Cash Flow26.9222.27-202.43185.0960.5269.15
ENTERPRISE VALUE METRICS
Enterprise Value3,357.02,037.72,826.12,185.35,092.74,643.4
Enterprise Value / Sales2.400.680.780.655.234.64
Enterprise Value / EBITDA36.0511.5814.9518.4978.9456.32
Enterprise Value / EBIT51.9517.3021.7541.22107.7171.79

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue10%2,498.33,008.53,643.93,362.33,657.9
Gross Income6.6%325.0344.0364.4290.3419.0
EBITDA9.2%164.3175.9189.1118.2233.4
EBIT9%118.1117.8129.953.0166.9
Net Income8.6%85.083.491.030.3118.4
EPS (Diluted)11.1%4.954.915.401.837.53
BALANCE SHEET
Cash & ST Inv16.3%82.151.024.93.5150.2
Total Assets10%1,121.11,398.91,578.71,574.11,644.1
Total Liabilities13.1%602.0838.7927.5973.7983.7
Total Shareholder Equity6.2%519.1560.2651.2600.4660.4
CASH FLOW
Net Operating Cash Flow24.2%137.2167.571.087.1326.6
Cap Ex15.9%-52.4-77.1-84.7-75.9-94.4
Free Cash Flow28.6%84.990.4-13.711.2232.2

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)274.33
Basic Shares15.57
Market Cap4,271.1
Diluted Shares15.72
Fully Diluted Shares Outstanding15.72
Fully Diluted Market Cap4,312.7
+Consolidated Debt281.1
−In-the-Money Convertible Debt—
+Capital Leases65.3
+Operating Leases—
−Cash & Equivalents-26.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value4,526.2

Segment data

Revenue

by Products and services

  • Transmission And Distribution53%
  • Commercial And Industrial47%

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ODL NO

P/B (TTM)
6.75
Dividend Yield
0.00%
ROE (TTM)
6.66%
ROA (TTM)
2.80%
Operating Margin
6.38%
Beta
1.21

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.

Website
www.myrgroup.com
Location
Thornton, CO, US
Phone303 286 8000
Employees9,000
CEORichard S. Swartz Jr.
Sector
Energy
Industry
Energy Equipment & Services
IPO DateAug 13, 2008

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Latest Documents

SEC Filings(1.2K)

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  • 8-K1 Q3 | NOVEMBER 2026 | NASDAQ: MYRG INVESTOR PRESENTATION Q3 20262 Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenue, income, capital spending, segment improvements and investments. Forward-looking statements are generally accompanied by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “likely,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should,” “unlikely” or other words that convey the uncertainty of future events or outcomes. The forward-looking statements in this announcement speak only as of the date of this announcement. We disclaim any obligation to update these statements (unless required by securities laws), and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Forward-looking statements in this announcement should be evaluated together with the many uncertainties that affect MYR Group’s business, particularly those mentioned in the risk factors and cautionary statements in Item 1A of MYR Group’s most recent Annual Report on Form 10-K, and in any risk factors or cautionary statements contained in MYR Group’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Safe Harbor Notice Forward-Looking Statements3 MYR Group Inc. A Market Leader In Electrical Construction MYR Group Inc. is a holding company of subsidiaries that have delivered some of the largest and most notable electrical infrastructure and commercial and industrial projects throughout the United States and Canada since 1891. STRONG FINANCIALS Strong balance sheet supporting projects of any scale with proven execution EXTENSIVE RESOURCES & EXPERTISE ~10,000 employees and one of the industry’s largest specialized fleets COMMERCIAL & INDUSTRIAL (C&I) EXPERIENCED LEADERSHIP Executive team averaging 31+ years of industry experience CONTINUED GROWTH Strong market presence with sustained organic and acquisitive growth STRONG SAFETY CULTURE Industry-leading safety performance (2025: TCIR - 0.92, LTIR - 0.14) LONG-STANDING CUSTOMERS 50+ year partnerships across the U.S. and Canada with 90%+ repeat clients TRANSMISSION & DISTRIBUTION (T&D) Transmission Distribution Substation Street Lighting Storm Restoration Energy Storage Healthcare Transportation Manufacturing Data Centers Clean Energy Warehousing 70+ OFFICE LOCATIONS4 $4.31B LTM 9/30/2026 $2.50B 2021 $3.01B 2022 $3.66B 2025 $3.64B 2023 REVENUE CAGR 12.2% RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS 31 YEARS IN A ROW1 $3.36B 2024 1. Engineering News-Record5 ▪ T&D primarily consists of small to medium-sized projects, with some larger High Voltage Direct Current (HVDC) transmission projects. We execute routine maintenance work under long-term Master Service Agreements (MSAs). Strong, long- term drivers are expected to continue to increase T&D spending. ▪ The core markets we serve in C&I remain active, with multiple growth drivers and notable strength in data center and transportation opportunities. ▪ Reshoring of manufacturing continues to create opportunities in our markets, and we believe both MYR Group business segments are well positioned to benefit from this. ▪ AI is driving growth in data centers and power demand. Data centers have been an important and growing end market for our C&I segment for a long time, while new interconnections, substations and infrastructure upgrades to data centers present additional opportunities for our T&D segment. ▪ Strong balance sheet with $650M in availability under our $890M credit facility and debt to LTM EBITDA leverage of 0.63x. Management believes our strong balance sheet will enable us to meet our working capital needs, support organic growth, pursue acquisitions, and opportunistically repurchase shares. What We See Outlook6 A person in a safety vest and helmet looking at a construction vehicle Description automatically generated MAINE POWER RELIABILITY PROGRAM Maine; $200M+; 4-year project; 210 miles of 345kV & 115kV transmission line CENTRAL 70 TRANSPORTATION Colorado; $100M+; 4.5-year project; electrical construction services CENTRAL EAST ENERGY CONNECT New York; $300M+; 3.5-year project; nearly 100 miles of 345kV transmission DEN CONCOURSE EXPANSIONS Colorado; $190M+, 3-year project; 55-gate concourse expansion program ▪ Industry leader and trusted partner ▪ Strong, long-standing customer relationships ▪ Experience with small to large, fast-track projects ▪ Deliver highest quality services with skilled experts ▪ Strong execution of large projects on stand-alone basis and with JV partners ▪ Experience with voltages up to 765kV ▪ Maintain one of the largest specialized fleets ▪ Expertise delivering some of the largest, most complex, electrical construction projects ▪ Decades of experience in our core C&I markets including data centers, transportation, healthcare, manufacturing, warehousing, and clean energy Electrical Construction Project Delivery Depth & Breadth of Expertise INTUIT DOME California; $130M+ project; 18,000-seat L.A. Clippers arena7 ▪ LTM revenue of $2.15B as of September 30, 2026 ▪ Backlog of $1.29B as of September 30, 2026* ▪ Strong, long-standing relationships with a diverse customer base where approximately 65% of business is performed under Master Service Agreements ▪ Acquired the Powerline Plus Companies in January 2022 REPRESENTATIVE CUSTOMERS *T&D backlog only includes 90 days of MSA work; typically, these agreements are multi-year in duration $1,302 $1,746 $2,089 $1,881 $2,002 $2,150 $0 $500 $1,000 $1,500 $2,000 $2,500 2021 2022 2023 2024 2025 9/30/26 LTM M il li o n s T&D Revenue T&D Revenue 11.1% CAGR Business Segment Update Transmission & Distribution (T&D)8 Source: Power Insights, North American Electric Distribution Market Forecast and North American Electric Transmission Market Forecast, September and October 2026 Source: Edison Electric Institute, updated March 2026 ▪ Power Insights forecasts transmission spending will grow 10 percent per year for the next five years (2026-2030) and distribution spending will grow by 4 percent per year. (Power Insights 2026 market reports, August and October 2026) ▪ The National Electrical Manufacturers Association forecasts that U.S. annual electricity consumption will rise 55 percent over the next 25 years (by 2050), in part due to high power demand for data centers. (makeitelectric.org, May 2026) ▪ Investor-owned utilities are expected to invest nearly $1.4 trillion in the grid between 2026 and 2030 due to rising energy demand. This is an increase from the previous projection of $1.1 trillion to be invested between 2025 and 2029. (EEI.org and ElectricPerspectives.com, May 2026) ▪ S&P Global Market Intelligence anticipates that transmission will make up between 18 and 22 percent of annual capital spending by U.S. energy utilities, and distribution will make up 26 to 32 percent. (SPGlobal.com, April 2026) System Reliability & Resiliency Programs Aging Electric Grid Connecting New Generation Sources Plant Retirements System Hardening Electrification Data Centers & Reshoring Distributed Energy Resources INVESTMENT DRIVERS Strong, Long-Term Drivers T&D Market Outlook9 REPRESENTATIVE CUSTOMERS $1,197 $1,263 $1,555 $1,482 $1,655 $2,164 $0 $500 $1,000 $1,500 $2,000 $2,500 2021 2022 2023 2024 2025 9/30/26 LTM M il li o n s C&I Revenue C&I Revenue 13.3% CAGR Business Segment Update Commercial & Industrial (C&I) ▪ LTM revenue of $2.16B as of September 30, 2026 ▪ Backlog of $2.39B as of September 30, 2026 ▪ Growth in our core markets is driven by increasing investments in data centers, transportation, clean energy, and healthcare, as well as reshoring of manufacturing, and we remain well diversified across our core markets ▪ Strong, long-standing customer relationships ▪ Acquired Valley Electric and Comet Electric in July 202610 Data Centers Transportation Healthcare Clean Energy, Storage & EV Charging E-Commerce Manufacturing Industrial Facilities MYR GROUP CORE C&I MARKETS ▪ FMI’s latest nonresidential construction index (NRCI) eased slightly to 51.7 compared to 55.1 in the previous quarterly reading. Scores above 50 indicate expansion. FMI said backlogs remained “healthy.” (FMIcorp.com, October 2026) ▪ The Dodge Momentum Index grew by 2.4 percent to 288 (2000=100) in September, from an August reading of 281.3. Institutional planning led the month’s growth, with a “strong uptick” in education, healthcare and government building planning. Year-over-year, the index is up 3.7 percent. (construction.com, October 2026) ▪ The Associated Builders and Contractors Association’s Construction Backlog rose in September to 8.7 months. Readings for sales (60.1), profit margins (52) and staffing (60.7) all remain above the threshold of 50, indicating growth expectations for the next six months. (ABC.org, October 2026) Source: The Dodge Momentum Index, October 7, 2026 MYR Group’s C&I segment sees steady bidding opportunities in its core markets and continues to be well diversified. Strong, Long-Term Drivers C&I Market Outlook11 ▪ Commercial & Industrial (C&I) electrical contractor ▪ Valley Electric Company, Inc. – Founded in 1982 and based in Everett, Washington ▪ Comet Electric, Inc. – Founded in 1976 and based in Chatsworth, California ▪ Combined annual revenues in excess of $400 million (2024- 2025) ▪ Closed on July 1, 2026 2026 Acquisition Valley Electric & Comet Electric GEOGRAPHIC REACH Expands our C&I reach with six office locations throughout Washington and California, serving customers in WA, CA, OR, ID, & NV SERVICE OFFERINGS Full-service C&I contractor providing preconstruction, design-build/assist, BIM, prefabrication, construction, service, predictive maintenance and repair STRONG, DIVERSIFIED END MARKETS Serving key markets including transportation, mission critical, commercial, industrial, education, and healthcare STRONG, LONG-TERM CUSTOMERS Customer relationships spanning 20+ years with low customer concentration and a proven track record with general contractors and owners EXPERIENCED MANAGEMENT TEAM & HIGHLY-SKILLED WORKFORCE Seasoned executive team with 22 average years of tenure, strong safety performance, highly-skilled workforce of more than 900 employees and shared culture, values and commitment to delivering superior service REPRESENTATIVE CUSTOMERS:12 AI Driven Demand Increased Cloud Services Greater Data Storage Needs Deceleration of Power Efficiency Gains Crypto Mining Operations DATA CENTER DRIVERS ▪ Data centers, a subsegment of the office sector, will continue driving sector growth through 2030, according to FMI’s engineering and construction outlook. This year, they are expected to push the sector to roughly 14 percent overall growth. The office sector is forecasted to grow by 18% in 2027, 12% in 2028, 9 percent in 2029 and 6 percent in 2030. (fmicorp.com, October 2026) ▪ Associated Builders and Contractors said that data center work contributed to backlog increases in August and September. “The 15% of ABC members under contract to work on data centers averaged 11.3 months of backlog in September, a full three months more than ABC members that are not,” ABC’s Chief Economist Anirban Basu said. (ABC.org, October 2026) ▪ The National Electrical Manufacturers Association expects data centers to account for 38 percent of net electricity consumption through 2037, due to artificial intelligence workloads. (UtilityDive.com, May 2026) ▪ Goldman Sachs predicts data center power demand will more than double to 66 GW in 2027, from 31 GW in 2025, while 451 Research, a part of S&P Global Energy Horizons, estimated data center grid power demand will nearly triple to 183.2 GW between 2025 and 2030. (spglobal.com and goldmansachs.com, May 2026) MYR Group’s C&I segment has decades of experience providing services for new construction, expansion build-outs, upgrades and maintenance of data center facilities. The T&D segment builds and upgrades lines and substations to interconnect new data centers, working for our utility customers. Market Opportunities for Both T&D and C&I Data Center Market Expansion Excludes enterprise-owned data centers. Utility power represents actual and forecast total electricity supplied to data centers from the power grid, including IT equipment, cooling, lighting, offices and security systems as of the market monitor release date. Sources: S&P Global Energy Horizons, latest 451 Research Datacenter Services & Infrastructure Market Monitor & Forecast: US Focused. Data compiled April 13, 2026.13 We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. Clean Energy Transformation Partner14 VIEW REPORT ▪ Reducing Our Impact on Projects - Scrap material recycling - Environmental compliance ▪ Clean Energy Transformation Partner - Clean energy interconnect work - Solar & energy storage projects - Electric vehicle charging installations ▪ Equity & Inclusion - 25% racially/ethnically diverse Board of Directors - 38% of the Board of Directors is female - Established Veteran Employee Resource Group - Varied vendor utilization and partnerships ▪ Policy & Guidance - Established corporate policies - Promote honest and ethical conduct - Develop employee awareness and compliance ▪ Corporate Governance - Conduct annual evaluations - Effective executive compensation best practices ▪ Board Composition - Independent Chair of the Board - Committees comprised solely of independent directors - Majority voting standard for directors in uncontested elections ▪ Keeping Safety at Our Core - Behavioral commitment to safety - Strong culture built on leadership, employee dedication, top- notch training programs, industry involvement, and a focus on constant innovation and improvement ▪ Investing in Our People - 92,900+ workhours of training - 1,510 employee development courses completed - Robust benefits and wellness program ▪ Giving Back to Our Communities - Raised and donated more than $3.5M in last three years - Supported more than 130 non-profit organizations in last three years ▪ Operating Sustainably - GHG emissions tracking and goals - Waste recycling and reduction - Water and energy stewardship Online at myrgroup.com/sustainability Building a Sustainable Future with Corporate Responsibility15 MYRG - CAGR 32.51% EME - CAGR 45.55% PWR - CAGR 48.03% MTZ - CAGR 22.29% PRIM - CAGR 19.67% -200% 0% 200% 400% 600% 800% 1000% 1200% MYRG EME PWR MTZ PRIM Stock Price Performance Dividend-Adjusted Stock Return ( 1/4/21 - 9/30/26 ) Stock Price as of: MYRG EME PWR MTZ PRIM 1/4/2021 58.14$ 87.51$ 67.61$ 67.29$ 26.59$ 9/30/2026 292.46$ 754.49$ 642.40$ 213.62$ 74.52$ Div. Adj. Stock Return 403.0% 762.2% 850.1% 217.5% 180.3%16 T&D $2.15B C&I $2.16B Business Segment Revenue Q3 2026 RESULTS – Record Highs $60.0M Net Income or $3.82 Per Diluted Share $3.68B Backlog $1.26B Revenue Our strong third-quarter results demonstrate the momentum across our business and the strength of our execution. We delivered record quarterly revenues of $1.26 billion, net income of $60.0 million, and EBITDA of $110.0 million, supported by increased activity across both our T&D and C&I segments, including record quarterly C&I revenues. Through the first nine months of 2026, revenues reached $3.34 billion, reflecting healthy demand across our core markets and continued investment in critical electrical infrastructure. As we integrate Valley Electric and Comet Electric and expand our capabilities and geographic reach, we remain focused on disciplined execution, strengthening our customer relationships, and positioning MYR to capitalize on the significant infrastructure opportunities ahead. Rick Swartz President and CEO September 30, 2026 LTM Total Revenue (1) $4.31B Net Income (1) $193.2M Earnings per Diluted Share (1) $12.31 EBITDA * (1) $340.7M Free Cash Flow * $137.1M * See reconciliation of non-GAAP measures on slide 21 (1) Record High September 30, 2026 LTM FINANCIAL OVERVIEW Total Revenue $4.31B Delivering Strong Returns Financial Snapshot17 53.7% 16.1% 13.7% 11.7% 10.7% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% EME MYRG PWR PRIM MTZ 3-Year Average ROIC MYRG, PWR, EME, and MTZ 3-year period is September 2023 – September 2026 PRIM 3-year period is June 2023 – June 2026 ▪ Low debt leverage ▪ Strong balance sheet with $650M in availability under our $890M credit facility ▪ Substantial bonding capacity ▪ Investment in specialty equipment supporting future organic growth $52.4 $77.1 $84.7 $75.9 $94.4 $111.9 2.0% 2.2% 2.4% 2.6% 2.8% 3.0% $0 $20 $40 $60 $80 $100 $120 2021 2022 2023 2024 2025 9/30/26 LTM M ill io n s CAPEX Investment CAPEX Spend CAPEX % of Rev $(400) $(200) $- $200 $400 $600 $800 $1,000 2021 2022 2023 2024 2025 9/30/2026 M ill io n s Liquidity Credit Facility Cash LOC Bank Debt Total Liquidity Well-Positioned to Support Additional Growth Balance Sheet Strength18 $164.2 $175.8 $188.2 $117.8 $232.7 $340.7 $- $100 $200 $300 $400 2021 2022 2023 2024 2025 9/30/26 LTM M ill io n s EBITDA * EBITDA 16.6% CAGR * For reconciliation of EBITDA to net income, see page 21 QTR YEAR $1,789 $2,502 $2,512 $2,576 $2,824 $3,680 $- $1,000 $2,000 $3,000 $4,000 4 4 4 4 4 3 2021 2022 2023 2024 2025 2026 M il li o n s Backlog Backlog > 12 Mo 12 Mo. Backlog 16.4% CAGR $4.95 $4.91 $5.40 $1.83 $7.53 $12.31 $- $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 2021 2022 2023 2024 2025 9/30/26 LTM Diluted EPS - Attributable to MYR Group Inc. Diluted EPS 21.1% CAGR Demonstrated Strong, Long-Term Execution Financial Performance $2,498 $3,009 $3,644 $3,362 $3,658 $4,315 $- $1,000 $2,000 $3,000 $4,000 $5,000 2021 2022 2023 2024 2025 9/30/26 LTM M il li o n s Revenue by Segment T&D C&I 12.2% CAGR19 EXECUTIVE LEADERSHIP Rick Swartz, CEO MYRG: 44 years Industry: 44 years 22 Years EXECUTIVES AVERAGE: With MYR Group MYR Group Inc. has a strong team of experienced leaders that make up our executive team and Board of Directors. We believe diversity of our leadership is a critical component of creating long-term value for our shareholders. We seek individuals who bring extensive experience and unique perspectives to both our Company and our Board. 31 Years Industry Experience BOARD OF DIRECTORS STATISTICS 38% Female 88% Majority Independent 25% Racially / Ethnically Diverse Directors 5:3 Varied Tenure 5 of 8 have 0-9 years 3 of 8 have 10+ years Executives & Board of Directors Experienced Leadership Team Kelly Huntington, CFO MYRG: 3 years Industry: 23 years Brian Stern, COO - T&D MYRG: 21 years Industry: 25 years Don Egan, COO - C&I MYRG: 35 years Industry: 35 years William Fry, CLO MYRG: 7 years Industry: 28 years20 Identify and evaluate strategic opportunities in the U.S. and Canada that achieve long-term growth objectives and leverage our core capabilities Focus on acquisitions that meet clear, long-term return thresholds and are compatible with MYR Group’s values and culture Focus on integration of processes, people, technology, and equipment Strategic expansion of geographic footprint into new markets in the U.S. and Canada Invest in additional fleet and labor resources to expand capacity Leverage extensive bid knowledge and long-term customer relationships ORGANIC GROWTH Expand in new and existing markets that align with core capabilities STRATEGIC ACQUISITIONS Evaluate opportunities to expand and hone business expertise PRUDENT CAPITAL RETURNS Opportunistically repurchase shares New $100 million share repurchase authorization, announced on October 28, 2026, expires on November 3, 2027, or when the authorized funds are exhausted, whichever is earlier From 2024-2025, the Company repurchased 1.3 million shares for approximately $150 million at an average share price of $117 Creating Shareholder Value21 Demonstrated Strong Long-Term Execution Reconciliation of Non-GAAP Measures Note: EBITDA is not recognized under GAAP and does not purport to be an alternative to net income as a measure of operating performance or to net cash flows provided by operating activities as a measure of liquidity. EBITDA is a component of the debt to EBITDA covenant that we must report to our bank on a quarterly basis. In addition, management considers EBITDA a useful measure because it eliminates differences which are caused by different capital structures as well as different tax rates and depreciation schedules when comparing our measures to our peers’ measures. Free cash flow is not recognized under GAAP and does not purport to be an alternative to net income attributable to MYR Group Inc., cash flow from operations or the change in cash on the balance sheet. Management views free cash flow as a measure of operational performance, liquidity, and financial health. ROIC Definition Net Income (LTM) [A] + [(Net Interest Expense + Amortization of Intangibles) * (1-Effective Tax Rate)] [A] Net Income excludes noncontrolling interest and discontinued operations ÷ [Book Value (Total Stockholders’ Equity [B] + Net Debt] @ beginning and ending period average [B] Total Stockholders’ Equity excludes minority interests and discontinued operations = Return on Invested Capital Three-year averages are derived from calculating the return metric for each twelve-month period and then averaging the three-period metrics EBITDA FREE CASH FLOW $ In Millions FY LTM LTM 2021 2022 2023 2024 2025 9/30/2026 9/30/2026 Net Income 85.0$ 83.4$ 91.0$ 30.3$ 118.4$ 193.2$ Net cash flow from operating activities 249.0$ Interest Expense, Net 1.7 3.4 4.1 6.1 4.9 3.5 Less: cash used in purchasing property and equipment (111.9) Income Tax Expense 31.3 30.8 34.0 16.2 42.9 66.6 Free Cash Flow 137.1$ Depreciation and Amortization 46.2 58.2 59.1 65.2 66.5 77.4 EBITDA 164.2$ 175.8$ 188.2$ 117.8$ 232.7$ 340.7$ EBITDA is a non-GAAP financial measure that is defined as Earnings Before Interest, Taxes, Depreciation and Amortization. Free cash flow is a non-GAAP measure that is defined as cash flow provided by operating activities minus cash flow used in purchasing property and equipment22 NASDAQ: MYRG myrgroup.com JENNIFER HARPER MYR Group Inc., Vice President, Investor Relations and Treasurer [email protected] HEADQUARTERS 12121 Grant Street, Suite 610 Thornton, CO 80241 [email protected]4 Nov
  • 10-QQ3ended 30 Sept 202628 Oct
  • 8-KResults of Operations and Financial Condition28 Oct
  • 8-KEntry into a Material Definitive Agreement10 Sep
  • Form 4Richard Aurelie Pascale4 Sep
  • 8-KRegulation FD Disclosure7 Aug
  • SC 13GMYR GROUP INC.31 Jul
  • 10-QQ2ended 30 Jun 202629 Jul
  • 8-KResults of Operations and Financial Condition29 Jul
  • Form 4LUCKY DONALD C.I.4 Jun
  • Form 4Hartwick Kenneth Michael4 Jun
  • Form 144LUCKY DONALD C.I.2 Jun
  • Form 144Hartwick Kenneth Michael2 Jun
  • Form 4Huntington Kelly Michelle2 Jun
  • Form 4O'Connor Shirin2 Jun
  • Form 144O'Connor Shirin1 Jun
  • Form 144Huntington Kelly Michelle1 Jun
  • 8-K1 Q1 | MAY 2026 | NASDAQ: MYRG INVESTOR PRESENTATION2 Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenue, income, capital spending, segment improvements and investments. Forward-looking statements are generally accompanied by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “likely,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should,” “unlikely” or other words that convey the uncertainty of future events or outcomes. The forward-looking statements in this announcement speak only as of the date of this announcement. We disclaim any obligation to update these statements (unless required by securities laws), and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Forward-looking statements in this announcement should be evaluated together with the many uncertainties that affect MYR Group’s business, particularly those mentioned in the risk factors and cautionary statements in Item 1A of MYR Group’s most recent Annual Report on Form 10-K, and in any risk factors or cautionary statements contained in MYR Group’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Safe Harbor Notice Forward-Looking Statements3 MYR Group Inc. A Market Leader In Electrical Construction MYR Group Inc. is a holding company of subsidiaries that has delivered some of the largest and most notable electrical infrastructure and commercial and industrial projects throughout the United States and Canada since 1891. STRONG FINANCIALS Strong balance sheet supporting projects of any scale with proven execution EXTENSIVE RESOURCES & EXPERTISE 9,000+ employees and one of the industry’s largest specialized fleets COMMERCIAN & INDUSTRIAL (C&I) EXPERIENCED LEADERSHIP Executive team averaging 30+ years of industry experience 65+ OFFICE LOCATIONS CONTINUED GROWTH Strong market presence with sustained organic and acquisitive growth STRONG SAFETY CULTURE Industry-leading safety performance (2025: TCIR - 0.92, LTIR - 0.14) LONG-STANDING CUSTOMERS 50+ year partnerships across the U.S. and Canada with 90%+ repeat clients TRANSMISSION & DISTRIBUTION (T&D) Transmission Distribution Substation Street Lighting Storm Restoration Energy Storage Healthcare Transportation Manufacturing Data Centers Clean Energy Warehousing4 $3.82B LTM 3/31/2026 $2.50B 2021 $3.01B 2022 $3.66B 2025 $3.64B 2023 REVENUE CAGR 10.5% RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS 30 YEARS IN A ROW1 $3.36B 2024 1. Engineering News-Record5  T&D primarily consists of small to medium-sized projects, with some larger High Voltage Direct Current (HVDC) transmission projects. We execute routine maintenance work under long-term Master Service Agreements (MSAs). Strong, long- term drivers are expected to continue to increase T&D spending.  The core markets we serve in C&I remain active, with multiple growth drivers and notable strength in data center and transportation opportunities.  Reshoring of manufacturing continues to create opportunities in our markets, and we believe both MYR Group business segments are well positioned to benefit from this.  AI is driving growth in data centers and power demand. Data centers have been an important and growing end market for our C&I segment for a long time, while new interconnections, substations and infrastructure upgrades to data centers present additional opportunities for our T&D segment.  Strong balance sheet with $460M in availability under our $490M credit facility, and debt to LTM EBITDA leverage of 0.04x and $163M cash and equivalents, which management believes will enable us to meet our working capital needs, support organic growth, pursue acquisitions, and opportunistically repurchase shares. What We See Outlook6 MAINE POWER RELIABILITY PROGRAM Maine; $200M+; 4-year project; 210 miles of 345kV & 115kV transmission line CENTRAL 70 TRANSPORTATION Colorado; $100M+; 4.5-year project; electrical construction services CENTRAL EAST ENERGY CONNECT New York; $300M+; 3.5-year project; nearly 100 miles of 345kV transmission DEN CONCOURSE EXPANSIONS Colorado; $190M+, 3-year project; 55-gate concourse expansion program  Industry leader and trusted partner  Strong, long-standing customer relationships  Experience with small to large, fast-track projects  Deliver highest quality services with skilled experts  Strong execution of large projects on stand-alone basis and with JV partners  Experience with voltages up to 765kV  Maintain one of the largest specialized fleets  Expertise delivering some of the largest, most complex, electrical construction projects  Decades of experience in our core C&I markets including data centers, transportation, healthcare, manufacturing, warehousing, and clean energy Electrical Construction Project Delivery Depth & Breadth of Expertise INTUIT DOME California; $130M+ project; 18,000-seat L.A. Clippers arena7  LTM revenue of $2.08B as of March 31, 2026  Backlog of $981M as of March 31, 2026*  Strong, long-standing relationships with a diverse customer base where approximately 70% of business is performed under Master Service Agreements  Acquired the Powerline Plus Companies in January 2022 REPRESENTATIVE CUSTOMERS *T&D backlog only includes 90 days of MSA work; typically, these agreements are multi-year in duration $1,302 $1,746 $2,089 $1,881 $2,002 $2,082 $0 $500 $1,000 $1,500 $2,000 $2,500 2021 2022 2023 2024 2025 03/31/26 LTM M ill io ns T&D Revenue T&D Revenue 11.7% CAGR Business Segment Update Transmission & Distribution (T&D)8Source: Power Insights, North American Electric Distribution Market Forecast and North American Electric Distribution Market Forecast, September and October 2025 Source: Edison Electric Institute, updated January 2026 Actual and Projected Transmission Investment by Investor-Owned Electric Companies  U.S. electricity usage is expected to grow by 1 percent in 2026 and 3 percent in 2027, following two years of consumption growth. This would be the strongest four-year growth period since 2000. The driving factor is increased demand from “large computing centers.” (EIA.gov, January 2026)  J.P. Morgan anticipates the more than $1 trillion grid investment planned for the coming decade will be split between 37 percent transmission and 63 percent distribution. (jpmorgan.com; March 2026)  S&P Global forecasts aggregated energy utility investments will continue reaching new heights. They anticipate $259B will be spent in 2026, $276B in 2027, and $277B in 2028, an approximate 29% increase from roughly $200B spent in 2025. Electric utilities will invest in infrastructure modernization, reliability and new generation capacity to meet heightened energy demand from new large-load customers, particularly data centers. (SPGlobal.com, April 2026)  Investor-owned utilities spent $32.6 billion on transmission investment in 2024, compared to $30.0 billion in 2023, and were projected to spend $39.9 billion in 2025 and $178 billion between 2025-2028. They spent $60.2 billion on distribution investment in 2024, compared to $56.7 billion in 2023. (eei.org; January 2026) System Reliability & Resiliency Programs Aging Electric Grid Connecting New Generation Sources Plant Retirements System Hardening Electrification Data Centers & Reshoring Distributed Energy Resources INVESTMENT DRIVERS Strong, Long-Term Drivers T&D Market Outlook9 REPRESENTATIVE CUSTOMERS $1,197 $1,263 $1,555 $1,482 $1,655 $1,743 $0 $500 $1,000 $1,500 $2,000 2021 2022 2023 2024 2025 03/31/26 LTM M ill io ns C&I Revenue C&I Revenue 9.3% CAGR Business Segment Update Commercial & Industrial (C&I)  LTM revenue of $1.74B as of March 31, 2026  Backlog of $1.86B as of March 31, 2026  Growth in our core markets is driven by increasing investments in data centers, transportation, clean energy, and healthcare, as well as reshoring of manufacturing, and we remain well diversified across our core markets  Strong, long-standing customer relationships10 Data Centers Transportation Healthcare Clean Energy, Storage & EV Charging E-Commerce Manufacturing Industrial Facilities MYR GROUP CORE C&I MARKETS  FMI’s latest nonresidential construction index (NRCI) eased slightly to 53.4 in the second quarter of 2026, compared to 54.5 in the first quarter. Scores above 50 indicate expansion. Backlog expectations pulled back somewhat but were “well into expansion territory and signaling solid workload visibility.” (FMIcorp.com, March 2026)  The Dodge Momentum index rose by almost 2 percent in March to 250.5 (2000=100) and remained 25.8 percent higher year over year. The month’s momentum was driven “almost entirely by data center projects,” while other sectors are easing back. (construction.com, April 2026)  The Associated Builders and Contractors Association’s Construction Backlog Indicator rose to 8.6 months in March. The readings for sales, profit margins and staffing are all higher than they were one year ago and remain above the threshold of 50, indicating expectations for growth over the next six months. (ABC.org, April 2026) Source: The Dodge Momentum Index, April 7, 2026 MYR Group’s C&I segment sees steady bidding opportunities in its core markets and continues to be well diversified. Strong, Long-Term Drivers C&I Market Outlook11  Commercial & Industrial (C&I) electrical contractor  Valley Electric Company, Inc. – Founded in 1982 and based in Everett, Washington  Comet Electric, Inc. – Founded in 1976 and based in Chatsworth, California  Combined annual revenues in excess of $400 million (2024- 2025)  Expected to close in 3Q26, subject to receiving required regulatory approvals and the satisfaction of other customary closing conditions 2026 Acquisition Valley Electric & Comet Electric GEOGRAPHIC REACH Expands our C&I reach with six office locations throughout Washington and California, serving customers in WA, CA, OR, ID, & NV SERVICE OFFERINGS Full-service C&I contractor providing preconstruction, design-build/assist, BIM, prefabrication, construction, service, predictive maintenance and repair STRONG, DIVERSIFIED END MARKETS Serving key markets including transportation, mission critical, commercial, industrial, education, and healthcare STRONG, LONG-TERM CUSTOMERS Customer relationships spanning 20+ years with low customer concentration and a proven track record with general contractors and owners EXPERIENCED MANAGEMENT TEAM & HIGHLY-SKILLED WORKFORCE Seasoned executive team with 22 average years of tenure, strong safety performance, highly-skilled workforce of more than 900 employees and shared culture, values and commitment to delivering superior service REPRESENTATIVE CUSTOMERS:12 AI Driven Demand Increased Cloud Services Greater Data Storage Needs Deceleration of Power Efficiency Gains Crypto Mining Operations DATA CENTER DRIVERS DATA CENTERS DRIVING INCREMENTAL INFRASTRUCTURE INVESTMENT  Data centers, a subsegment of the office sector, has the highest anticipated growth according to FMI’s first quarter engineering and construction outlook. They estimated that data center market spending was 35% higher in 2025 than 2024 and will continue growing over the next four years by 23%, 21%, 13% and 11%, respectively. (FMI 2026 North American Engineering and Construction Outlook, January 2026)  Dodge Construction Network found that nonresidential building starts improved 17.8 percent in February, with commercial starts up 48.5 percent “solely driven” by the 159.6 percent growth in offices and data centers. On a year-over-year basis, commercial and industrial construction was up 22.9 percent. (construction.com, March 2026)  U.S. data centers currently consume 4.5 percent of the nation’s power, but the Electric Power Research Institute (EPRI) anticipates that share could double by 2030. EPRI forecasts data centers could consume 9 to 17 percent of the nation’s electricity by then – 60 percent more demand than their forecast two years earlier. (E&E News, February 2026)  The North American Electric Reliability Corp. (NERC) forecasted that summer peak demand will grow by 224 GW over the next 10 years, and winter peak demand by 246 GW, driven by new data centers. The new summer peak forecast was a 69% increase compared NERC’s 2024 forecast. (energy.gov, January 2026) MYR Group’s C&I segment has decades of experience providing services for new construction, expansion build-outs, upgrades and maintenance of data center facilities. The T&D segment builds and upgrades lines and substations to interconnect new data centers, working for our utility customers. C Three’s 2024 North American Electric Transmission Market Forecast reports that AI is “supercharging” data center growth and is a major driver of increasing load growth projections. They noted that data centers are chasing cheap power for their locations, while hyperscale data center owners are also chasing renewable power. The report noted there are more than 170 hyperscale and co-location data centers planned, representing more than 45GW of capacity. Market Opportunities for Both T&D and C&I Date Center Market Expansion13 We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. Clean Energy Transformation Partner14 VIEW REPORT  Reducing Our Impact on Projects - Scrap material recycling - Environmental compliance  Clean Energy Transformation Partner - Clean energy interconnect work - Solar & energy storage projects - Electric vehicle charging installations  Equity & Inclusion - 25% racially/ethnically diverse Board of Directors - 38% of the Board of Directors is female - Established Veteran Employee Resource Group - Varied vendor utilization and partnerships  Policy & Guidance - Established corporate policies - Promote honest and ethical conduct - Develop employee awareness and compliance  Corporate Governance - Conduct annual evaluations - Effective executive compensation best practices  Board Composition - Independent Chair of the Board - Committees comprised solely of independent directors - Majority voting standard for directors in uncontested elections  Keeping Safety at Our Core - Behavioral commitment to safety - Strong culture built on leadership, employee dedication, top- notch training programs, industry involvement, and a focus on constant innovation and improvement  Investing in Our People - 92,900+ workhours of training - 1,510 employee development courses completed - Robust benefits and wellness program  Giving Back to Our Communities - Raised and donated more than $3.5M in last three years - Supported more than 130 non-profit organizations in last three years  Operating Sustainably - GHG emissions tracking and goals - Waste recycling and reduction - Water and energy stewardship Online at myrgroup.com/sustainability Building a Sustainable Future with Corporate Responsibility15 MYRG - CAGR 35.21% EME - CAGR 50.22% PWR - CAGR 49.14% MTZ - CAGR 34.81% PRIM - CAGR 37.83% -100.0% 0.0% 100.0% 200.0% 300.0% 400.0% 500.0% 600.0% 700.0% 800.0% 900.0% Dividend-Adjusted Stock Return (01/04/2021 - 03/31/2026) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return PRIM Div. Adj.-Return Dividend Adjusted Stock Return Stock Price as of: MYRG EME PWR MTZ PRIM 1/4/2021 58.14$ 87.56$ 67.63$ 67.29$ 26.64$ 3/31/2026 282.32$ 737.94$ 548.91$ 321.74$ 143.04$ Div. Adj. Stock Return 385.6% 742.8% 711.6% 378.1% 437.0% Stock Price Performance Dividend-Adjusted Stock Return16 T&D $2.08B C&I $1.74B Business Segment Revenue Q1 2026 RESULTS $46.8M Net Income (1) or $2.99 Per Diluted Share (1) $2.84B Backlog (1) $1.00B Revenue We started the year with strong momentum, delivering year-over-year increases in revenue and gross profit, along with record quarterly net income, EBITDA, and backlog. By deepening relationships with strategic customers and continuing to invest in expanding our geographic footprint and market reach, we are creating meaningful, long-term growth opportunities and strengthening our competitive position. We believe our solid financial performance, disciplined execution, and favorable market outlook position us well to sustain this momentum through the remainder of 2026. Rick Swartz President and CEO MARCH 31, 2026 LTM $3.82BTotal Revenue (1) $141.9MNet Income (1) $9.07Earnings per Diluted Share (1) $264.1MEBITDA * (1) $230.6MFree Cash Flow * * See reconciliation of non-GAAP measures on slide 20 (1) Record Highs March 31, 2026 LTM FINANCIAL OVERVIEW Total Revenue $3.82B (1) Record Highs Delivering Strong Returns Financial Snapshot17 47.1% 15.5% 13.4% 12.8% 9.2% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% EME MYRG PRIM PWR MTZ 3-Year Average ROIC MYR, PWR, MTZ, PRIM, and EME 3-year period is March 2023 – March 2026  Low debt leverage  Strong balance sheet with $460M in availability under our $490M credit facility and $163M in cash and equivalents  Substantial bonding capacity  Investment in specialty equipment supporting future organic growth $52.4 $77.1 $84.7 $75.9 $94.4 $97.4 2.0% 2.2% 2.4% 2.6% 2.8% 3.0% $0 $20 $40 $60 $80 $100 $120 2021 2022 2023 2024 2025 03/31/26 LTM M ill io ns CAPEX Investment CAPEX Spend CAPEX % of Rev $(200) $(100) $- $100 $200 $300 $400 $500 $600 $700 2021 2022 2023 2024 2025 03/31/26 M ill io ns Liquidity Credit Facility Cash LOC Bank Debt Total Liquidity Well-Positioned to Support Additional Growth Balance Sheet Strength18 $164.2 $175.8 $188.2 $117.8 $232.7 $264.1 $- $100 $200 $300 2021 2022 2023 2024 2025 03/31/26 LTM M illi on s EBITDA * EBITDA 11.8% CAGR * For reconciliation of EBITDA to net income, see page 20 QTR YEAR $1,789 $2,502 $2,512 $2,576 $2,824 $2,843 $- $1,000 $2,000 $3,000 4 4 4 4 4 1 2021 2022 2023 2024 2025 2026 M ill io ns Backlog Backlog > 12 Mo 12 Mo. Backlog 11.5% CAGR $4.95 $4.91 $5.40 $1.83 $7.53 $9.07 $- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 2021 2022 2023 2024 2025 03/31/26 LTM Diluted EPS - Attributable to MYR Group Inc. Diluted EPS 15.3% CAGR Demonstrated Strong, Long-Term Execution Financial Performance $2,498 $3,009 $3,644 $3,362 $3,658 $3,825 $- $1,000 $2,000 $3,000 $4,000 $5,000 2021 2022 2023 2024 2025 03/31/26 LTM M ill io ns Revenue by Segment T&D C&I 10.5% CAGR19 EXECUTIVE LEADERSHIP Rick Swartz, CEO MYRG: 43 years Industry: 43 years 21 Years EXECUTIVES AVERAGE: With MYR Group MYR Group Inc. has a strong team of experienced leaders that make up our executive team and Board of Directors. We believe diversity of our leadership is a critical component of creating long-term value for our shareholders. We seek individuals who bring extensive experience and unique perspectives to both our Company and our Board. 30 Years Industry Experience BOARD OF DIRECTORS STATISTICS 38% Female 88% Majority Independent 25% Racially / Ethnically Diverse Directors 5:3 Varied Tenure 5 of 8 have 0-9 years 3 of 8 have 10+ years Executives & Board of Directors Experienced Leadership Team Kelly Huntington, CFO MYRG: 3 years Industry: 23 years Brian Stern, COO - T&D MYRG: 20 years Industry: 25 years Don Egan, COO - C&I MYRG: 34 years Industry: 34 years William Fry, CLO MYRG: 7 years Industry: 28 years20 Identify and evaluate strategic opportunities in the U.S. and Canada that achieve long-term growth objectives and leverage our core capabilities Focus on acquisitions that meet clear, long-term return thresholds and are compatible with MYR Group’s values and culture Focus on integration of processes, people, technology, and equipment Strategic expansion of geographic footprint into new markets in the U.S. and Canada Invest in additional fleet and labor resources to expand capacity Leverage extensive bid knowledge and long-term customer relationships ORGANIC GROWTH Expand in new and existing markets that align with core capabilities STRATEGIC ACQUISITIONS Evaluate opportunities to expand and hone business expertise PRUDENT CAPITAL RETURNS Opportunistically repurchase shares From 2024-2025, the Company repurchased 1.3 million shares for approximately $150 million at an average share price of $117 under multiple repurchase programs Creating Shareholder Value21 Demonstrated Strong Long-Term Execution Reconciliation of Non-GAAP Measures Note: EBITDA is not recognized under GAAP and does not purport to be an alternative to net income as a measure of operating performance or to net cash flows provided by operating activities as a measure of liquidity. EBITDA is a component of the debt to EBITDA covenant that we must report to our bank on a quarterly basis. In addition, management considers EBITDA a useful measure because it eliminates differences which are caused by different capital structures as well as different tax rates and depreciation schedules when comparing our measures to our peers’ measures. Free cash flow is not recognized under GAAP and does not purport to be an alternative to net income attributable to MYR Group Inc., cash flow from operations or the change in cash on the balance sheet. Management views free cash flow as a measure of operational performance, liquidity, and financial health. ROIC Definition Net Income (LTM) [A] + [(Net Interest Expense + Amortization of Intangibles) * (1-Effective Tax Rate)] [A] Net Income excludes noncontrolling interest and discontinued operations ÷ [Book Value (Total Stockholders’ Equity [B] + Net Debt] @ beginning and ending period average [B] Total Stockholders’ Equity excludes minority interests and discontinued operations = Return on Invested Capital Three-year averages are derived from calculating the return metric for each twelve-month period and then averaging the three-period metrics EBITDA FREE CASH FLOW $ In Mi l l ions FY LTM LTM 2021 2022 2023 2024 2025 3/31/2026 3/31/2026 Net Income 85.0$ 83.4$ 91.0$ 30.3$ 118.4$ 141.9$ Net cash flow from operating activities 328.0$ Interest Expense, net 1.7 3.4 4.1 6.1 4.9 3.5 Less: cash used in purchasing property and equipment (97.4) Income Tax Expense 31.3 30.8 34.0 16.2 42.9 50.6 Free Cash Flow 230.6$ Depreciation and Amortization 46.2 58.2 59.1 65.2 66.5 68.1 EBITDA 164.2$ 175.8$ 188.2$ 117.8$ 232.7$ 264.1$ EBITDA is a non-GAAP financial measure that is defined as Earnings Before Interest, Taxes, Depreciation and Amortization. Free cash flow is a non-GAAP measure that is defined as cash flow provided by operating activities minus cash flow used in purchasing property and equipment22 NASDAQ: MYRG myrgroup.com JENNIFER HARPER MYR Group Inc., Vice President, Investor Relations and Treasurer [email protected] HEADQUARTERS 12121 Grant Street, Suite 610 Thornton, CO 80241 [email protected]28 May
  • 8-KRegulation FD Disclosure27 May
  • SC 13G/AMYR GROUP INC.15 May

News

  • MYR Group Q3 Earnings Call Highlights 2027 Growth & Margin Outlook4 Nov
  • MYR Group Inc. to Attend UBS Global Industrials and Transportation Conference in December2 Nov
  • MYR Group Inc. (MYRG) Q3 2026 Earnings Call Transcript29 Oct
  • What MYR Group (MYRG) Said on Its Q3 Earnings Call29 Oct
  • MYR Group (MYRG) Beats Q3 Earnings and Revenue Estimates28 Oct
  • MYR Group Inc. Announces Third-Quarter and First Nine-Months 2026 Results - Board Approves New $100 Million Share Repurchase Program28 Oct
  • Inspire Investing LLC Buys 5,060 Shares of MYR Group, Inc. $MYRG25 Oct
  • MYR Group Inc. Announces Third Quarter 2026 Earnings Release and Conference Call Schedule14 Oct
  • MYR Group Inc. to Attend Baird 2026 Global Industrial Conference in November13 Oct
  • MYR Group Inc. to Attend Cantor Convergence: 4th Annual Crypto, FinTech, AI & Energy Infrastructure Conference in November12 Oct
  • Financial Review: Everus Construction Group (NYSE:ECG) and MYR Group (NASDAQ:MYRG)12 Oct
  • INNOVATE (NYSE:VATE) and MYR Group (NASDAQ:MYRG) Critical Contrast12 Oct
  • MYR (MYRG) Upgraded to Strong Buy: What Does It Mean for the Stock?30 Sep
  • MYRG's T&D Segment 1H26 Revenues Up 10%: More Upside Ahead?30 Sep
  • Will MYR Group's Net Income Continue Its Eight-Quarter Growth Streak?24 Sep
  • MYR Group: A Change In Revenue Types Is Benefitting Margins22 Sep
  • Argan vs. MYR Group: Which Power Infrastructure Stock Is a Better Buy?21 Sep
  • Is the Options Market Predicting a Spike in MYR Group Stock?15 Sep
  • MYR Group's Backlog Hits Record in Q2: Can the Growth Trend Continue?15 Sep
  • MYR Group Gains 59% in a Year: Time to Buy, Sell or Hold the Stock?11 Sep

Mentions in Filings

  • … r Systems, Inc., a TSX listed telecommunications software company, from June 2008 until its sale to Amdocs in August 2011; Imvescor Restaurant Group, a TSX listed restaurant franchisor, from March 2016 until its sale to <strong>MYR Group</strong> in February 2018; and COM DEV International Ltd., a global designer and manufacturer of space hardware from April 2013 to February 2016. From August 2003 to May 2005, Mr. Sgro attended Columbia Business School. From June …
    Legato Merger Corp. IVMyr Group Inc.·10-K - Annual report FY 2026·FY26·04:30PM
  • … ondition, using a peer group of comparable companies selected by that firm. The peer group currently consists of: ABM Industries Incorporated; Comfort Systems USA, Inc.; Dycom Industries, Inc.; FirstService Corporation; <strong>MYR Group</strong>, Inc.; Quanta Services, Inc.; Rollins, Inc.; and Scotts Miracle-Gro Company. The semiannual valuations are effective for a period of six months and the per-share price established by those valuations is the price at whic …
    DAVEY TREE EXPERT COMyr Group Inc.·10-Q - Quarterly report Q3·Q3 26·10 Nov
  • … s the following businesses and entities, or individuals: Quanta Services, Inc., EMCOR Group, Inc., MasTec, Inc., APi Group Corporation, Comfort Systems USA, Inc., Primoris Services Corporation, Dycom Industries, Inc., <strong>MYR Group Inc.</strong>, IES Holdings, Inc., and Centuri Holdings, Inc. Nothing in this Award Agreement shall prohibit the Participant from purchasing or owning less than five percent (5%) of the publicly traded securities of any corporation …
    Everus Construction Group, Inc.Myr Group Inc.·EX-10.3 - 10-Q - Quarterly report Q3·Q3 26·6 Nov
  • … g Holdings, Inc., Dycom Industries, Inc., EMCOR Group, Inc., Granite Construction, Inc., Great Lakes Dredge & Dock Corporation, IES Holdings, Inc., KBR, Inc., Limbach Holdings, Inc., MasTec, Inc., Mistras Group, Inc., <strong>MYR Group Inc.</strong>, NPK International Inc., Northwest Pipe Company, Orion Group Holdings, Inc., Primoris Services Corporation, and Sterling Infrastructure, Inc. The Company will be included in the array when calculating the Company’s pe …
    MATRIX SERVICE COMyr Group Inc.·EX-10.22 - 10-K - Annual report FY 2026·FY26·3 Sep
  • “Peer Group” shall mean Ameresco, Inc., Arcosa, Inc., Argan, Inc., Babcock & Wilcox Enterprises, Inc., Concrete Pumping Holdings, Inc., Dycom Industries, Inc., EMCOR Group, Inc., Granite Construction, Inc., IES Holdings, Inc., KBR, Inc., Limbach Holdings, Inc., MasTec, Inc., Mistras Group, Inc., MYR Group Inc., NPK International Inc., NWPX Infrastructure, Inc., Orion Group Holdings, Inc., Primoris Services Corporation, Shimmick Corporation, Ster …
    MATRIX SERVICE COMyr Group Inc.·EX-10.23 - 10-K - Annual report FY 2026·FY26·3 Sep
  • … 404 | Mitek Systems, Inc. | 39,328 | 0.01 | | 55,346 | Montrose Environmental Group, Inc. | 1,417,965 | 0.47 | | 9,962 | Moog, Inc. Class A | 2,271,834 | 0.76 | | 43,570 | Movado Group, Inc. | 904,077 | 0.30 | | 4,763 | <strong>MYR Group</strong>, Inc. | 1,059,339 | 0.35 | | 53,530 | Myriad Genetics, Inc. | 406,828 | 0.14 | | 34,109 | NCR Atleos Corp. | 1,261,692 | 0.42 | | 134,141 | Nerdy, Inc. | 177,066 | 0.06 | | 10,555 | New Jersey Resources Corp. | 506,851 | …
    ゴールドマン・サックス・アセット・マネジメント株式会社Myr Group Inc.·Annual Report - Annual Securities Report (2026.02.11-2026.08.10)·10 Nov·9 Nov

Key Stats

Trading

Px/Chg 1D$304.77 / +2.30%
Avg Volume299.11K
Beta1.21
Mkt Cap4.75B
FD Mkt Cap4.55B

Float

Shrs Out/Float15.57M / 15.28M
Short Float0.06%
Days to Cover2.23
Stock Repurchased$0.00

Current Valuation

EV4.64B
EV/EBITDA17.50
EV/Sales1.21
P/B6.75
P/S1.24
FCF Yield1.45%
ROE6.66%
ROA2.80%
Current Ratio1.31

Estimates

P/E33.44
Est P/E0.00
Est EPS2.09
Est PEG0.00

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings73.0124.1630.5268.36140.62101.39
Price / Sales2.410.670.760.625.284.74
Price / Book Value5.173.604.263.457.786.75
Price / Free Cash Flow26.9222.27-202.43185.0960.5269.15
ENTERPRISE VALUE METRICS
Enterprise Value3,357.02,037.72,826.12,185.35,092.74,643.4
Enterprise Value / Sales2.400.680.780.655.234.64
Enterprise Value / EBITDA36.0511.5814.9518.4978.9456.32
Enterprise Value / EBIT51.9517.3021.7541.22107.7171.79

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue10%2,498.33,008.53,643.93,362.33,657.9
Gross Income6.6%325.0344.0364.4290.3419.0
EBITDA9.2%164.3175.9189.1118.2233.4
EBIT9%118.1117.8129.953.0166.9
Net Income8.6%85.083.491.030.3118.4
EPS (Diluted)11.1%4.954.915.401.837.53
BALANCE SHEET
Cash & ST Inv16.3%82.151.024.93.5150.2
Total Assets10%1,121.11,398.91,578.71,574.11,644.1
Total Liabilities13.1%602.0838.7927.5973.7983.7
Total Shareholder Equity6.2%519.1560.2651.2600.4660.4
CASH FLOW
Net Operating Cash Flow24.2%137.2167.571.087.1326.6
Cap Ex15.9%-52.4-77.1-84.7-75.9-94.4
Free Cash Flow28.6%84.990.4-13.711.2232.2

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)274.33
Basic Shares15.57
Market Cap4,271.1
Diluted Shares15.72
Fully Diluted Shares Outstanding15.72
Fully Diluted Market Cap4,312.7
+Consolidated Debt281.1
−In-the-Money Convertible Debt—
+Capital Leases65.3
+Operating Leases—
−Cash & Equivalents-26.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value4,526.2

Segment data

Revenue

by Products and services

  • Transmission And Distribution53%
  • Commercial And Industrial47%

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Primoris Services Corp

PRIM US

Patterson Uti Energy Inc

PTEN US

Helmerich & Payne, Inc.

HP US

Baytex Energy Corp.

BTE US

Seadrill Ltd

SDRL US

Odfjell Drilling Ltd.

ODL NO