MYR Group (MYRG) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and MYR Group published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• MYR Group acquired Valley Holdings I, Inc. (Valley Electric and Comet Electric), an electrical contractor based in Everett, Washington, on July 1, 2026, for total consideration of $324.8 million. Q3 2026 is the first quarter that includes it, mostly in the C&I segment.
• MYR Group reports in thousands of dollars; figures here are rounded to the nearest $0.1 million. It reports GAAP EPS only, with EBITDA as its main non-GAAP measure.

Source: MYR Group Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How MYR Group splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• MYR Group's Transmission & Distribution revenue was $555 million in Q3 2026, up 10% from $503 million in Q3 2025, 44% of total revenue.
• MYR Group's Commercial & Industrial revenue was $705 million in Q3 2026, up 58% from $447 million in Q3 2025, 56% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP contract revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for MYR Group's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

MYR Group reported record Q3 2026 contract revenues of $1,259.0 million, up $308.6 million from $950.4 million. Commercial & Industrial (C&I) revenue was a record $704.5 million, 56.0% of the total, up $257.5 million. Transmission & Distribution (T&D) revenue was $554.5 million, up $51.1 million. (MYR Group Q3 2026 release, Oct 28, 2026)

MYR Group is a holding company of specialty electrical contractors in the United States and Canada. Its T&D segment works on electric transmission and distribution networks, substations, clean energy projects and EV charging for utilities, cooperatives and developers. Its C&I segment installs and maintains wiring for data centers, airports, hospitals, manufacturing plants, transportation systems and other facilities. At the end of 2025 MYR Group had about 9,000 employees, about 7,200 of them craft employees, and about 85% of its craft employees were union members, mostly of the IBEW. (MYR Group Q3 2026 release, Oct 28, 2026; MYR Group Form 10-K, 2025, Feb 25, 2026)

MYR Group said the C&I increase came mainly from fixed price contracts, including revenue from Valley Electric and Comet Electric, which it acquired on July 1, 2026 for total consideration of $324.8 million. T&D grew on T&E, fixed price and unit price contracts. (MYR Group Q3 2026 release, Oct 28, 2026; MYR Group Form 10-Q, Q3 2026, Oct 28, 2026)

Fixed price contracts produced $809.7 million, 64.3% of MYR Group's Q3 2026 revenue, against 57.0% a year earlier. In C&I, fixed price work was 90.3% of segment revenue; in T&D the mix was 31.3% fixed price, 37.7% unit price and 31.0% T&E. (MYR Group Form 10-Q, Q3 2026, Oct 28, 2026)

MYR Group reports GAAP EPS only. Q3 2026 diluted EPS was a record $3.82, against $2.05, on net income of $60.0 million, against $32.1 million. Gross margin rose to 13.6% from 11.8%, which MYR Group attributed mainly to changes in estimated gross profit on certain projects from better-than-anticipated productivity and favorable job close outs. (MYR Group Q3 2026 release, Oct 28, 2026)

Changes in estimates on certain projects added 0.4 percent to MYR Group's gross margin in Q3 2026, after a 0.6 percent reduction a year earlier. Against that, SG&A rose to $81.5 million from $65.9 million, amortization of intangible assets to $6.1 million from $1.2 million, and interest expense to $3.6 million from $1.4 million, all partly because of Valley. (MYR Group Q3 2026 release, Oct 28, 2026)

The effective tax rate was 27.1%, against 28.3%. Diluted weighted average shares were 15,721 thousand, against 15,631 thousand. On October 28, 2026 the board approved a new program to repurchase up to $100.0 million of stock, effective November 4, 2026 and expiring November 3, 2027. (MYR Group Q3 2026 release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

MYR Group does not publish a revenue or earnings outlook in its release. The figures it gives for future work are backlog, which reached a record $3.68 billion at September 30, 2026, up 38.2% from $2.66 billion a year earlier, and remaining performance obligations of $3.37 billion in the 10-Q. (MYR Group Q3 2026 release, Oct 28, 2026; MYR Group Form 10-Q, Q3 2026, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover MYR Group, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones MYR Group's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MYRG is on is MYRG a buy or a sell?, what analysts expect next is on the MYRG forecast, and what the company does is on the MYR Group (MYRG) stock page.

Every number on this page can be traced to a document MYR Group published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.