NACG Q2 Combined Revenue $456.1M, Raises FY26 Guidance
North American Construction Group Ltd. reported strong second-quarter 2026 results, with combined revenue increasing 23% year-over-year to $456.1 million and adjusted EBITDA rising 17% to $93.5 million. The company also significantly improved adjusted net earnings to $8.5 million and achieved a free cash flow inflow of $23.0 million. These results were driven by the acquisition of Iron Mine Contracting (IMC) and robust growth in Australian operations. Consequently, NACG raised its full-year 2026 combined revenue guidance to $1.6-$1.8 billion.
Key Highlights
- Combined revenue increased 23% YoY to $456.1 million in Q2 2026.
- Adjusted EBITDA rose 17% YoY to $93.5 million for the quarter.
- Adjusted net earnings significantly improved to $8.5 million from $0.8 million YoY.
- Free cash flow was an inflow of $23.0 million, up $23.4 million YoY.
- Full-year 2026 combined revenue guidance raised to $1.6-$1.8 billion.
- Australian operations revenue grew approximately 65% year-over-year.
- Quarterly dividend of $0.12 per common share declared.
- Contractual backlog stands at $3.8 billion.
Price Impact
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NACG Q2 Combined Revenue $456.1M (+23%); Raises 2026 Revenue Guidance