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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
8-KRegulation FD Disclosure7 Aug
10-QQ2ended 30 Jun 202629 Jul
8-KResults of Operations and Financial Condition29 Jul
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
8-K1 Q1 | MAY 2026 | NASDAQ: MYRG INVESTOR PRESENTATION Q1 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 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 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 $2.08B 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 il li on s 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 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 Expansion12 We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. Clean Energy Transformation Partner13 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 $3.5M in last three years - Supported more than 130 non-profit organizations in last three years ▪ Operating Sustainably - GHG emissions tracking and goals - Waste recycling and reduction - Water and energy stewardship Online at myrgroup.com/sustainability Building a Sustainable Future with Corporate Responsibility14 MYRG - CAGR 35.21% EME - CAGR 50.22% PWR - CAGR 49.14% MTZ - CAGR 34.81% PRIM - CAGR 37.83% -100.0% 0.0% 100.0% 200.0% 300.0% 400.0% 500.0% 600.0% 700.0% 800.0% 900.0% Dividend-Adjusted Stock Return (01/04/2021 - 03/31/2026) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return PRIM Div. Adj.-Return Dividend Adjusted Stock Return Stock Price as of: MYRG EME PWR MTZ PRIM 1/4/2021 58.14$ 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 Return15 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 Total Revenue (1) $3.82B Net Income (1) $141.9M Earnings per Diluted Share (1) $9.07 EBITDA * (1) $264.1M Free Cash Flow * $230.6M * 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 Snapshot16 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 n s 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 il li o n s Liquidity Credit Facility Cash LOC Bank Debt Total Liquidity Well-Positioned to Support Additional Growth Balance Sheet Strength17 $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 ill io n 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 n s Revenue by Segment T&D C&I 10.5% CAGR18 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 years19 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 Value20 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 equipment21 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]14 May
10-QQ1ended 31 Mar 202629 Apr
8-KResults of Operations and Financial Condition29 Apr
8-KSubmission of Matters to a Vote of Security Holders28 Apr
ARSAnnual report to security holders4 Mar
DEF 14ADefinitive proxy statement4 Mar
8-K1 INVESTOR PRESENTATION Q4 | MARC H 2026 | NASDAQ: MYRG Q 4 2 0 2 52 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 STATEMENTS.3 65+ OFFICE LOCATIONS 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. MYR GROUP INC. - A MARKET LEADER IN ELECTRICAL CONSTRUCTION. CONTINUED GROWTH Strong presence in key markets with healthy organic and acquisitive growth opportunities SUPERIOR SAFETY CULTURE Performance that exceeds industry standards; 2025 stats: TCIR – 0.92 LTIR - 0.14 STRONG FINANCIALS Strong balance sheet to support future growth and projects of any magnitude with proven execution of corporate strategy EXTENSIVE RESOURCES & EXPERTISE Dedicated workforce of 9,000+ employees, centralized operations for greater efficiency and cross-collaboration and one of the largest centralized, specialized fleets in the industry LONG-STANDING CUSTOMERS Established client relationships and alliance partnerships across the U.S. and Canada (some held for 50+ years), and more than 90% return clients in both segments ESSENTIAL CLEAN ENERGY CONTRACTOR Superior electrical services that support the clean energy transformation and growing electricity demand EXPERIENCED LEADERSHIP Executive team that averages more than 30 years of industry experience Reportable Segments: T&D and C&I HEALTHCARE TRANSPORTATION WATER/WASTEWATER DATA CENTERS CLEAN ENERGY WAREHOUSING COMMERCIAL & INDUSTRIAL (C&I) TRANSMISSION DISTRIBUTION SUBSTATION STREET LIGHTING STORM RESTORATION ENERGY STORAGE TRANSMISSION & DISTRIBUTION (T&D) INVESTMENT HIGHLIGHTS4 $3.66B 2025 $2.25B 2020 $2.50B 2021 $3.01B 2022 $3.36B 2024 RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS 30 YEARS IN A ROW $3.64B 2023 CAGR 10.2%5 • 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 will 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 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 $408M in availability under our $490M credit facility, and debt to LTM EBITDA leverage of 0.25x and $150M 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 OUTLOOK.6 ELECTRICAL CONSTRUCTION PROJECT DELIVERY DEPTH & BREADTH OF EXPERTISE. A person in a safety vest and helmet looking at a construction vehicle Description automatically generated MAINE POWER RELIABILITY PROG. Maine; $200M+; 4-year project 210 miles of 345kV & 115kV transm. line CENTRAL 70 TRANSPORTATION Colorado; $100M+; 4 ½ year project Electrical construction services CENTRAL EAST ENERGY CONNECT New York; $300M+; 3 ½ year project Nearly 100 miles of 345kV transmission INTUIT DOME California; $130M+ project 18,000-seat L.A. Clippers arena DEN CONCOURSE EXPANSIONS Colorado; $190M+ project 55-gate concourse expansion program Industry leader and trusted partner Strong, long-standing customer alliances 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, airports, and water treatment facilities7 • Full-year 2025 revenue of $2.00B • Backlog of $1.02B as of December 31, 2025* • Strong, long-standing relationships with a diverse customer base where approximately 60% of business is performed under Master Service Agreements • Acquired the Powerline Plus Companies in January 2022 BUSINESS SEGMENT UPDATE TRANSMISSION & DISTRIBUTION (T&D). REPRESENTATIVE CUSTOMERS *T&D backlog only includes 90 days of MSA work; typically, these agreements are multi-year in duration $1,154 $1,302 $1,746 $2,089 $1,881 $2,002 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $2,200 2020 2021 2022 2023 2024 2025 M il li on s T&D Revenue T&D Revenue 11.6% CAGR8Source: Power Insights, North American Electric Distribution Market Forecast and North American Electric Distribution Market Forecast, September and October 2025 STRONG LONG-TERM DRIVERS T&D MARKET OUTLOOK. 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) • An analysis by ICF International anticipates U.S. electricity demand will grow 25 percent by 2030 and 78 percent by 2050 from 2023 levels. (ICF.com, June 2025) • S&P Global forecasts aggregated energy utility investments will continue reaching new heights. They anticipate $227B will be spent in 2026, $233B in 2027, $214B in 2028, and $164B in 2029. Electric utilities will invest in infrastructure modernization, transmission expansion for new generation and customer growth, distribution investments to support reliability, and new energy technology. (SPGlobal.com, September 2025) • 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 DRIVERS9 • Full-year 2025 revenue of $1.66B • Backlog of $1.80B as of December 31, 2025 • 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 REPRESENTATIVE CUSTOMERS BUSINESS SEGMENT UPDATE COMMERCIAL & INDUSTRIAL (C&I). $1,093 $1,197 $1,263 $1,555 $1,482 $1,655 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2020 2021 2022 2023 2024 2025 M il li o n s C&I Revenue C&I Revenue 8.7% CAGR10 Data Centers Airport Projects Transportation Healthcare Clean Energy, Storage & EV Charging E-Commerce Water/Wastewater Facilities Industrial Facilities MYR GROUP CORE C&I MARKETS STRONG, DIVERSE CORE MARKETS C&I MARKET OUTLOOK. • FMI’s latest survey of nonresidential construction sentiment climbed to 54.5 in the first quarter of 2026 compared to 47.9 in the fourth quarter of 2025, as sentiment improved across all components. The backlog component made the strongest jump to 70.4 from 54.6. (FMIcorp.com, January 2026) • The Dodge Momentum Index (DMI) declined 6.3% to 272.7 (2000=100) in January from a downward revised reading of 291. However, the DMI was up 29% year over year compared to January 2025. “Planning momentum cooled in January across most commercial and institutional sectors,” Dodge’s spokesperson said. (construction.com, February 2026) • The Associated Builders and Contractors Association’s Construction Backlog Indicator fell to 8.0 months in January, but contractor confidence grew. The ABC’s Construction Confidence Index improved for all three categories profit margins, sales, and staffing levels (sales 64.7, profit margins 53.4, and staffing 61.2). All three components remained above 50, the threshold for expected growth over the next six months (ABC.org, February 2026) Source: The Dodge Momentum Index, February 6, 2026 MYR Group’s C&I segment sees steady bidding opportunities in its core markets and continues to be well diversified.11 MARKET OPPORTUNITIES FOR BOTH T&D AND C&I DATA CENTER MARKET EXPANSION. 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 anticipates that nonresidential construction will grow by 4 percent this year and 3 percent in 2026, driven mostly by “continued strength in data center construction and groundbreakings on high-value megaprojects.” (DCN’s Outlook 2026 Ebook, September 2025) • McKinsey indicates that data centers in the U.S. are expected to add about 460 terawatt-hours of power demand from 2023- 2030. (McKinsey.com, August 2025) • 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. (C Three, Sept. 2024)12 We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. CLEAN ENERGY TRANSFORMATION PARTNER.13 BUILDING A SUSTAINABLE FUTURE WITH CORPORATE RESPONSIBILITY. VIEW REPORT Policy & Guidance - Established corporate policies - Promote honest and ethical conduct - Develop employee awareness and compliance 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 Reducing Our Impact On Projects - Recycling scrap material - Environmental compliance Clean Energy Transformation Partner - Clean energy interconnect work - Solar & energy storage projects - Electric vehicle charging installations Giving Back to our Communities - In the last three years: - Raised and donated more than $3.5M - Supported more than 130 non-profit organizations Operating Sustainably - GHG emissions tracking and goals - Waste recycling and reduction - Water and energy stewardship Investing in our People - 50,900+ workhours of training - 1,143 employee development courses completed - Robust benefits and wellness program Board Composition - Independent Chair of the Board - Committees comprised solely of independent directors - Majority voting standard for directors in uncontested elections Corporate Governance - Conduct annual evaluations - Effective executive compensation best practices Keeping Safety at Our Core - Behavioral commitment to safety - Strong culture built on leadership, employee dedication, top-notch training programs, industry involvement, and a focus on constant innovation and improvement Online at myrgroup.com/sustainability14 MYRG - CAGR 37.43% EME - CAGR 39.06% PWR - CAGR 47.76% MTZ - CAGR 22.70% DY - CAGR 38.97% -200.0% 0.0% 200.0% 400.0% 600.0% 800.0% 1000.0% 1200.0% Dividend-Adjusted Stock Return (01/02/2020 - 12/31/2025) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return DY Div. Adj.-Return DELIVERING STRONG RETURNS DIVIDEND-ADJUSTED STOCK RETURN. Dividend Adjusted Stock Return Stock Price as of: MYRG EME PWR MTZ DY 1/2/2020 32.43$ 84.56$ 40.54$ 63.69$ 46.90$ 12/31/2025 218.50$ 611.43$ 421.95$ 217.37$ 337.90$ Div. Adj. Stock Return 573.8% 623.0% 940.9% 241.3% 620.5%15 Q4 2025 RESULTS $36.5M Net Income (1) or $2.33 Per Diluted Share (1) $2.82B Backlog (1) $973.5M Revenue We closed out 2025 with strong fourth quarter financial results, delivering annual revenues of $3.66 billion. Fourth quarter net income was $36.5 million, representing a 129.1 percent increase over the fourth quarter of 2024, with revenues, consolidated gross profit, income from operations and EBITDA all increasing year over year. Backlog at the end of the fourth quarter totaled $2.82 billion, reflecting a steady bidding environment across both our T&D and C&I business segments. Overall, increased electrification demand and continued investment in electrical infrastructure remain encouraging and reinforce our confidence that our end markets are positioned for continued success in 2026 and beyond. Rick Swartz President and CEO DELIVERING STRONG RETURNS FINANCIAL SNAPSHOT. T&D $2.00B C&I $1.66B Business Segment Revenue Full-year 2025 Total Revenue $3.66B Net Income $118.4M Earnings per Diluted Share $7.53 EBITDA * $232.7M Free Cash Flow * $232.2M * See reconciliation of non-GAAP measures on slide 20 Full-year 2025 FINANCIAL OVERVIEW Total Revenue $3.66B (1) Record Highs16 56.0% 14.9% 14.0% 12.8% 8.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% EME DY MYRG PWR MTZ 3-Year Average ROIC WELL-POSITIONED TO SUPPORT ADDITIONAL GROWTH BALANCE SHEET STRENGTH. MYR, PWR, MTZ, and EME 3-year period is December 2022 – December 2025 DY 3-year period is October 2022 – October 2025 • Low debt leverage • Strong balance sheet with $408M in availability under our $490M credit facility and $150M cash and equivalents • Substantial bonding capacity • Investment in specialty equipment supports future organic growth $44.4 $52.4 $77.1 $84.7 $75.9 $94.4 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% $0 $20 $40 $60 $80 $100 2020 2021 2022 2023 2024 2025 M ill io n s CAPEX Investment CAPEX Spend CAPEX % of Rev $(150) $(100) $(50) $- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 2020 2021 2022 2023 2024 2025 M il li o n s Liquidity Credit Facility Cash LOC Bank Debt Total Liquidity17 $132.4 $164.2 $175.8 $188.2 $117.8 $232.7 $- $50 $100 $150 $200 $250 2020 2021 2022 2023 2024 2025 M ill io n s EBITDA * EBITDA 11.9% CAGR DEMONSTRATES STRONG, LONG-TERM EXECUTION FINANCIAL PERFORMANCE. * For reconciliation of EBITDA to net income, see page 20 QTR YEAR $2,247 $2,498 $3,009 $3,644 $3,362 $3,658 $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 2020 2021 2022 2023 2024 2025 M ill io n s Revenue by Work Type Trans. Dist. C&I 10.2% CAGR $1,649 $1,789 $2,502 $2,512 $2,576 $2,824 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 4 4 4 4 4 4 2020 2021 2022 2023 2024 2025 M il li o n s Backlog Backlog > 12 Mo 12 Mo. Backlog 11.3% CAGR $3.48 $4.95 $4.91 $5.40 $1.83 $7.53 $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 $6.00 $6.50 $7.00 $7.50 $8.00 2020 2021 2022 2023 2024 2025 Diluted EPS - Attributable to MYR Group Inc. Diluted EPS 16.7% CAGR18 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 select individuals who bring extensive experience and unique perspectives to both our Company and our Board. 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 years 30 Years Industry Experience 38% Female 88% Majority Independent 25% Racially / Ethnically Diverse Directors BOARD OF DIRECTORS STATISTICS 5:3 Varied Tenure 5 of 8 have 0-8 years 3 of 8 have 9+ years EXECUTIVES & BOARD OF DIRECTORS EXPERIENCED LEADERSHIP TEAM.19 CREATING SHAREHOLDER VALUE. 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 $117 under multiple repurchase programs20 Note: EBITDA is not recognized under GAAP and does not purport to be an alternative to net income as a measure of operating performance or to net cash flows provided by operating activities as a measure of liquidity. EBITDA is a component of the debt to EBITDA covenant that we must report to our bank on a quarterly basis. In addition, management considers EBITDA a useful measure because it eliminates differences which are caused by different capital structures as well as different tax rates and depreciation schedules when comparing our measures to our peers’ measures. Free cash flow is not recognized under GAAP and does not purport to be an alternative to net income attributable to MYR Group Inc., cash flow from operations or the change in cash on the balance sheet. Management views free cash flow as a measure of operational performance, liquidity, and financial health. ROIC Definition Net Income (LTM) [A] + [(Net Interest Expense + Amortization of Intangibles) * (1-Effective Tax Rate)] [A] Net Income excludes noncontrolling interest and discontinued operations ÷ [Book Value (Total Stockholders’ Equity [B] + Net Debt] @ beginning and ending period average [B] Total Stockholders’ Equity excludes minority interests and discontinued operations = Return on Invested Capital Three-year averages are derived from calculating the return metric for each twelve-month period and then averaging the three-period metrics EBITDA FREE CASH FLOW DEMONSTRATES STRONG LONG-TERM EXECUTION RECONCILIATION OF NON-GAAP MEASURES. ($ In Mi l l ions , Except Per Share Amounts)* FY FY 2020 2021 2022 2023 2024 2025 2025 Net Income 58.8$ 85.0$ 83.4$ 91.0$ 30.3$ 118.4$ Net cash flow from operating activities 326.6$ Interest Expense, net 4.6 1.7 3.4 4.1 6.1 4.9 Less: cash used in purchasing property and equipment (94.4) Income Tax Expense 22.6 31.3 30.8 34.0 16.2 42.9 Free Cash Flow 232.2$ Depreciation and Amortization 46.4 46.2 58.2 59.1 65.2 66.5 EBITDA 132.4$ 164.2$ 175.8$ 188.2$ 117.8$ 232.7$ 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 equipment21 JENNIFER HARPER MYR Group Inc., Vice President, Investor Relations and Treasurer [email protected] NASDAQ: MYRG 12121 Grant Street, Suite 610 Thornton, CO 80241 [email protected] HEADQUARTERS myrgroup.com3 Mar
10-KFY 2025ended 31 Dec 202525 Feb
8-KResults of Operations and Financial Condition25 Feb
8-K1 INVESTOR PRESENTATION Q3 | NO VEMBER 2025 | NASDAQ: MYRG Q 3 2 0 2 52 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 STATEMENTS.3 65+ OFFICE LOCATIONS 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. MYR GROUP INC. - A MARKET LEADER IN ELECTRICAL CONSTRUCTION. CONTINUED GROWTH Strong presence in key markets with healthy organic and acquisitive growth SUPERIOR SAFETY CULTURE Performance that exceeds industry standards; 2024 stats: TCIR – 0.78 LTIR - 0.10 STRONG FINANCIALS Strong balance sheet to support future growth and projects of any magnitude with proven execution of corporate strategy EXTENSIVE RESOURCES & EXPERTISE Dedicated workforce of 8,500+ employees, centralized operations for greater efficiency and cross-collaboration and one of the largest centralized, specialized fleets in the industry LONG-STANDING CUSTOMERS Established client relationships and alliance partnerships across the U.S. and Canada (some held for 50+ years), and more than 90% return clients in both segments ESSENTIAL CLEAN ENERGY CONTRACTOR Superior electrical services that support the clean energy transformation and growing electricity demand EXPERIENCED LEADERSHIP Executive team that averages more than 30 years of industry experience Reportable Segments: T&D and C&I HEALTHCARE TRANSPORTATION WATER/WASTEWATER DATA CENTERS CLEAN ENERGY WAREHOUSING COMMERCIAL & INDUSTRIAL (C&I) TRANSMISSION DISTRIBUTION SUBSTATION STREET LIGHTING STORM RESTORATION STORAGE & SOLAR TRANSMISSION & DISTRIBUTION (T&D) INVESTMENT HIGHLIGHTS4 $3.51B 09/30/2025 LTM $2.25B 2020 $2.50B 2021 $3.01B 2022 $3.36B 2024 RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS 29 YEARS IN A ROW $3.64B 2023 CAGR 9.9%5 • 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 will 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 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 pose additional opportunities for our T&D segment. • Strong balance sheet with $400M in availability under our $490M credit facility and debt to LTM EBITDA leverage of 0.34x, which management believes will enable us to meet our working capital needs, support organic growth, pursue acquisitions, and opportunistically repurchase shares. WHAT WE SEE OUTLOOK.6 ELECTRICAL CONSTRUCTION PROJECT DELIVERY DEPTH & BREADTH OF EXPERTISE. A person in a safety vest and helmet looking at a construction vehicle Description automatically generated MAINE POWER RELIABILITY PROG. Maine; $200M+; 4-year project 210 miles of 345kV & 115kV transm. line CENTRAL 70 TRANSPORTATION Colorado; $100M+; 4 ½ year project Electrical construction services CENTRAL EAST ENERGY CONNECT New York; $300M+; 3 ½ year project Nearly 100 miles of 345kV transmission INTUIT DOME California; $130M+ project 18,000-seat L.A. Clippers arena DEN CONCOURSE EXPANSIONS Colorado; $190M+ project 55-gate concourse expansion program Industry leader and trusted partner Strong, long-standing customer alliances 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, airports, and water treatment facilities7 • LTM revenue of $1.92B as of September 30, 2025 • Backlog of $929M as of September 30, 2025* • Strong, long-standing relationships with a diverse customer base where approximately 60% of business is performed under Master Service Agreements • Acquired the Powerline Plus Companies in January 2022 BUSINESS SEGMENT UPDATE TRANSMISSION & DISTRIBUTION (T&D). REPRESENTATIVE CUSTOMERS *T&D backlog only includes 90 days of MSA work; typically, these agreements are multi-year in duration $1,154 $1,302 $1,746 $2,089 $1,881 $1,921 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $2,200 2020 2021 2022 2023 2024 09/30/25 LTM M il li o n s T&D Revenue T&D Revenue 11.3% CAGR8Source: Power Insights, North American Electric Distribution Market Forecast and North American Electric Distribution Market Forecast, September and October 2025 STRONG LONG-TERM DRIVERS T&D MARKET OUTLOOK. Source: Edison Electric Institute, updated January 2025 Actual and Projected Transmission Investment by Investor-Owned Electric Companies • Power consumption is expected to reach record highs in 2025 and 2026. The Energy Information Administration projected consumption would hit 4,189 billion kilowatt hours in 2025 and 4,278 billion kilowatt hours in 2026. (Reuters.com and EIA.gov, July 2025) • An analysis by ICF International anticipates U.S. electricity demand will grow 25 percent by 2030 and 78 percent by 2050 from 2023 levels. (ICF.com, June 2025) • S&P Global forecast aggregated energy utility investments to continue reaching new heights. They projected $222B will be spent in 2026, $228B in 2027, and $208B in 2028 driven by infrastructure modernization, new generation and technology. Electric transmission and distribution were expected to make up more than 50 percent of the spending. (SPGlobal.com, April 2025) • Investor-owned utilities spent $30.0 billion on transmission investment in 2023, compared to $26.7 billion in 2022, and are planning to invest approximately $158 billion on transmission construction between 2024 and 2027. A July update indicated they are expected to spend more than $1.1 trillion between 2025 and 2029 on capital expenditures. (eei.org; January and July 2025) System Reliability & Resiliency Programs Aging Electric Grid Connecting New Generation Sources Plant Retirements System Hardening Electrification Data Centers & Reshoring Distributed Energy Resources INVESTMENT DRIVERS +5.4% CAGR +9.7% CAGR9 • LTM revenue of $1.59 billion as of September 30, 2025 • Backlog of $1.73B as of September 30, 2025 • 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 REPRESENTATIVE CUSTOMERS BUSINESS SEGMENT UPDATE COMMERCIAL & INDUSTRIAL (C&I). $1,093 $1,197 $1,263 $1,555 $1,482 $1,593 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2020 2021 2022 2023 2024 09/30/25 LTM M il li o n s C&I Revenue C&I Revenue 8.2% CAGR10 Data Centers Airport Projects Transportation Healthcare Clean Energy, Storage & EV Charging E-Commerce Water/Wastewater Facilities Industrial Facilities MYR GROUP CORE C&I MARKETS STRONG, DIVERSE CORE MARKETS C&I MARKET OUTLOOK. • FMI’s latest survey of nonresidential construction sentiment rose to 58.7 compared to 38.4 in the second quarter of 2025. Nonresidentional continues to be seen as stronger than residential, with one third of survey respondents expecting improvement in the nonresidential construction sector. (FMIcorp.com, September 2025) • The Dodge Momentum Index (DMI) grew 3.4% to 304.6 (2000=100) in September from a downward revised reading of 294.7. This brought the DMI up 33% above the average reading over the same period in 2024. “Planning momentum remained steadfast for data centers, healthcare, and public buildings throughout September and will correlate to stronger construction spending in early 2027,” Dodge’s Sara Martin said. (construction.com, October 2025) • The Associated Builders and Contractors Association’s Construction Backlog Indicator fell to 8.5 months in August. The ABC’s Construction Confidence Index improved slightly for profit margins, remained unchanged for sales, and declined for staffing levels (sales 60.4, profit margins 51.9, and staffing 59.9). All three components remained above 50, the threshold for expected growth over the next six months. (ABC.org, September 2025) Source: The Dodge Momentum Index, October 7, 2025 MYR Group’s C&I segment sees steady bidding opportunities in its core markets and continues to be well diversified.11 MARKET OPPORTUNITIES FOR BOTH T&D AND C&I DATA CENTER MARKET EXPANSION. 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 were the highest growth segment in FMI’s third quarter engineering and construction outlook. They estimated that data center market spending will be 32% higher this year than last year and continue growing over the next four years by 19%, 15%, 11% and 9%, respectively. The deceleration of annual growth rates is “partly due to power and labor constraints” and political and trade policy disruption. (FMI 2025 North American Engineering and Construction Outlook, July 2025) • Dodge Construction Network anticipates that nonresidential construction will grow by 4 percent this year and 3 percent in 2026, driven mostly by “continued strength in data center construction and groundbreakings on high-value megaprojects.” (DCN’s Outlook 2026 Ebook, September 2025) • McKinsey indicates that data centers in the U.S. are expected to add about 460 terawatt-hours of power demand from 2023- 2030. (McKinsey.com, August 2025) • According to The U.S. Department of Energy (DOE), data center deployment, partly driven by the need to power new AI applications, is a significant factor of near-term electricity demand growth. The Electric Power Research Institute (EPRI) estimates that data centers could grow to consume up to 9% of U.S. electricity generation annually by 2030, up from 4% of total load in 2023. (energy.gov, August 2024) 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 has been providing utilities with the construction services needed to support new electrical infrastructure for more than a century. 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. (C Three, Sept. 2024)12 MARKET OPPORTUNITIES FOR BOTH T&D AND C&I CLEAN ENERGY GENERATION MIX. New Generation to Support Load Growth Renewable Portfolio Standards State Tax Incentives Federal Tax Credits Clean Power Portfolios Customer Demand for Clean Power CLEAN ENERGY DRIVERS UTILITY-SCALE SOLAR INSTALLATIONS AND FORECAST SOURCE: SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight Q3 2025 In the second quarter, the U.S. solar industry installed 7.5 gigawatts direct current (GWdc) of capacity, a 24% decline from the second quarter of 2024. The utility-scale segment installed 5.7 GWdc during the quarter, a 28% year-over-year decline. Policy changes including the One Big Beautiful Bill Act led SEIA and Wood Mackenzie to adjust the 2025-2050 base case outlook down 4% to 246 GWdc of solar deployments. (seia.org, September 2025) The generation mix across the U.S. and Canada is changing as traditional baseload generation resources retire and clean energy provides an increasingly large percentage of demand. • The U.S. energy storage market grew at a record pace in the second quarter of 2025, with 5.6 GW of installations. Utility-scale storage led the market installing 4.9 GW and Wood Mackenzie noted “activity across the country shows clear demand for utility-scale energy storage.” However, installations could slow by 2027 due to uncertainty over new Foreign Entity of Concern regulations for battery sourcing. (woodmac.com, September 2025) • Wood Mackenzie expects utility-scale storage to drop 10 percent year-over-year in 2027 but reach 72GW of cumulative installations through 2029. The One Big Beautiful Bill Act preserved tax credits for most storage but because of added sourcing requirements, they anticipate a rush to start construction before those restrictions take effect. (woodmac.com, September 2025) • Jeffries analysts expect utilities “with renewables-heavy plans” to accelerate the development of those projects to qualify for the Inflation Reduction Act (IRA) tax credits before they are phased out by the budget bill signed into law on July 4. The law requires wind and solar projects to start construction within a year of the law’s enactment to qualify for clean electricity production and investment tax credits OR to be placed in service by the end of 2027. (Utility Dive, July 2025)13 We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. CLEAN ENERGY TRANSFORMATION PARTNER.14 BUILDING A SUSTAINABLE FUTURE WITH CORPORATE RESPONSIBILITY. VIEW REPORT Policy & Guidance - Established corporate policies - Promote honest and ethical conduct - Develop employee awareness and compliance 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 Reducing Our Impact On Projects - Recycling scrap material - Environmental compliance Clean Energy Transformation Partner - Clean energy interconnect work - Solar & energy storage projects - Electric vehicle charging installations Giving Back to our Communities - In the last three years: - Raised and donated more than $3.5M - Supported more than 130 non-profit organizations Operating Sustainably - GHG emissions tracking and goals - Waste recycling and reduction - Water and energy stewardship Investing in our People - 50,900+ workhours of training - 1,143 employee development courses completed - Robust benefits and wellness program Board Composition - Independent Chair of the Board - Committees comprised solely of independent directors - Majority voting standard for directors in uncontested elections Corporate Governance - Conduct annual evaluations - Effective executive compensation best practices Keeping Safety at Our Core - Behavioral commitment to safety - Strong culture built on leadership, employee dedication, top-notch training programs, industry involvement, and a focus on constant innovation and improvement Online at myrgroup.com/sustainability15 MYRG - CAGR 38.17% EME - CAGR 42.55% PWR - CAGR 49.83% MTZ - CAGR 23.35% DY - CAGR 37.44% -200.0% 0.0% 200.0% 400.0% 600.0% 800.0% 1000.0% Dividend-Adjusted Stock Return (01/02/2020 - 09/30/2025) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return DY Div. Adj.-Return DELIVERING STRONG RETURNS DIVIDEND-ADJUSTED STOCK RETURN. Dividend Adjusted Stock Return Stock Price as of: MYRG EME PWR MTZ DY 1/2/2020 32.43$ 84.65$ 40.55$ 63.69$ 46.90$ 9/30/2025 208.03$ 649.54$ 414.32$ 212.81$ 291.76$ Div. Adj. Stock Return 541.5% 667.4% 921.9% 234.1% 522.1%16 Q3 2025 RESULTS $32.1M Net Income or $2.05 Per Diluted Share $2.66B Backlog $950.4M Revenue Our third quarter performance resulted in quarterly revenues of $950 million and year-over-year increases in net income, consolidated gross profit, gross margin, and EBITDA.” Mr. Swartz continued, “By enhancing relationships with our preferred customers and expanding work in our core markets, we continue to capitalize on strong long-term growth opportunities. The accelerating pace of electrification, future project demand, load growth, and the need for resilient infrastructure are driving investment in electrical infrastructure, which positions us well for continued success in the future. Rick Swartz President and CEO DELIVERING STRONG RETURNS FINANCIAL SNAPSHOT. T&D $1.92B C&I $1.59B Business Segment Revenue September 30, 2025 LTM Total Revenue $3.51B Net Income $97.8M Earnings per Diluted Share $6.19 EBITDA * $214.0M Free Cash Flow * $156.1M * See reconciliation of non-GAAP measures on slide 20 September 30, 2025 LTM FINANCIAL OVERVIEW Total Revenue $3.51B17 46.8% 15.3% 13.0% 11.8% 7.9% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% EME DY MYRG PWR MTZ 3-Year Average ROIC WELL-POSITIONED TO SUPPORT ADDITIONAL GROWTH BALANCE SHEET STRENGTH. MYR, PWR, MTZ, and EME 3-year period is September 2022 – September 2025 DY 3-year period is July 2022 – July 2025 • Low debt leverage • Strong balance sheet with $400M in availability under our $490M credit facility • Substantial bonding capacity • Investment in specialty equipment supports future organic growth $44.4 $52.4 $77.1 $84.7 $75.9 $76.8 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% $0 $20 $40 $60 $80 $100 2020 2021 2022 2023 2024 09/30/25 LTM M ill io n s CAPEX Investment CAPEX Spend CAPEX % of Rev $(150) $(100) $(50) $- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 2020 2021 2022 2023 2024 09/30/25 M ill io n s Liquidity Credit Facility Cash LOC Bank Debt Total Liquidity18 $132.4 $164.2 $175.8 $188.2 $117.8 $214.0 $- $50 $100 $150 $200 $250 2020 2021 2022 2023 2024 09/30/25 LTM M ill io n s EBITDA * EBITDA 10.6% CAGR DEMONSTRATES STRONG, LONG-TERM EXECUTION FINANCIAL PERFORMANCE. * For reconciliation of EBITDA to net income, see page 20 QTR YEAR $2,247 $2,498 $3,009 $3,644 $3,362 $3,514 $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 2020 2021 2022 2023 2024 09/30/25 LTM M ill io n s Revenue by Work Type Trans. Dist. C&I 9.9% CAGR $1,649 $1,789 $2,502 $2,512 $2,576 $2,663 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 4 4 4 4 4 3 2020 2021 2022 2023 2024 2025 M il li o n s Backlog Backlog > 12 Mo 12 Mo. Backlog 10.6% CAGR $3.48 $4.95 $4.91 $5.40 $1.83 $6.19 $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 $6.00 $6.50 2020 2021 2022 2023 2024 09/30/25 LTM Diluted EPS - Attributable to MYR Group Inc. Diluted EPS 12.9% 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 select individuals who bring extensive experience and unique perspectives to both our Company and our Board. Kelly Huntington, CFO MYRG: 2 years Industry: 22 years Brian Stern, COO - T&D MYRG: 20 years Industry: 24 years Don Egan, COO - C&I MYRG: 34 years Industry: 34 years William Fry, CLO MYRG: 6 years Industry: 27 years 30 Years Industry Experience 38% Female 88% Majority Independent 25% Racially / Ethnically Diverse Directors BOARD OF DIRECTORS STATISTICS * 5:3 Varied Tenure 5 of 8 have 0-8 years 3 of 8 have 9+ years EXECUTIVES & BOARD OF DIRECTORS EXPERIENCED LEADERSHIP TEAM.20 CREATING SHAREHOLDER VALUE. 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 Year to date, the Company repurchased $75.0M worth of shares Authorized new $75.0M share repurchase program on July 30, 2025. The new program expires on February 4, 2026, or when the authorized funds are exhausted, whichever is earlier As of September 30, 2025, no shares have been repurchased under the new plan21 Note: EBITDA is not recognized under GAAP and does not purport to be an alternative to net income as a measure of operating performance or to net cash flows provided by operating activities as a measure of liquidity. EBITDA is a component of the debt to EBITDA covenant that we must report to our bank on a quarterly basis. In addition, management considers EBITDA a useful measure because it eliminates differences which are caused by different capital structures as well as different tax rates and depreciation schedules when comparing our measures to our peers’ measures. Free cash flow is not recognized under GAAP and does not purport to be an alternative to net income attributable to MYR Group Inc., cash flow from operations or the change in cash on the balance sheet. Management views free cash flow as a measure of operational performance, liquidity, and financial health. ROIC Definition Net Income (LTM) [A] + [(Net Interest Expense + Amortization of Intangibles) * (1-Effective Tax Rate)] [A] Net Income excludes noncontrolling interest and discontinued operations ÷ [Book Value (Total Stockholders’ Equity [B] + Net Debt] @ beginning and ending period average [B] Total Stockholders’ Equity excludes minority interests and discontinued operations = Return on Invested Capital Three-year averages are derived from calculating the return metric for each twelve-month period and then averaging the three-period metrics EBITDA FREE CASH FLOW DEMONSTRATES STRONG LONG-TERM EXECUTION RECONCILIATION OF NON-GAAP MEASURES. ($ In Millions, Except Per Share Amounts)* FY LTM LTM 2020 2021 2022 2023 2024 9/30/2025 9/30/2025 Net Income 58.8$ 85.0$ 83.4$ 91.0$ 30.3$ 97.8$ Net cash flow from operating activities 232.9$ Interest Expense, net 4.6 1.7 3.4 4.1 6.1 6.4 Less: cash used in purchasing property and equipment (76.8) Income Tax Expense 22.6 31.3 30.8 34.0 16.2 44.1 Free Cash Flow 156.1$ Depreciation and Amortization 46.4 46.2 58.2 59.1 65.2 65.7 EBITDA 132.4$ 164.2$ 175.8$ 188.2$ 117.8$ 214.0$ 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 JENNIFER HARPER MYR Group Inc., Vice President, Investor Relations and Treasurer [email protected] NASDAQ: MYRG 12121 Grant Street, Suite 610 Thornton, CO 80241 [email protected] HEADQUARTERS myrgroup.com10 Nov 2025
8-KResults of Operations and Financial Condition29 Oct 2025

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Myr Group Inc.(MYRG US)

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