Primoris Services (PRIM) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Primoris Services Corporation  (NYSE: PRIM)
    Sector  Capital Goods    Industry Construction Services

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Description of Primoris Services's Business Segments


Primoris Services Corporation operates through several distinct segments, each delivering a variety of specialized products, services, and solutions in the construction and engineering fields. The company is recognized for its extensive range of construction and maintenance services targeted primarily toward the energy, utilities, and industrial sectors. Below is an in-depth look at Primoris’ various segments and services, alongside its international operations.

Segments

1. West Segment:
- The West segment encompasses operations that focus on underground and industrial construction services, with several key subsidiaries, including ARB, ARB Structures, Inc. Rockford, Alaska Continental Pipeline, Inc. Q3C, Primoris Renewables, LLC, Juniper Rock Corporation, Stellaris, LLC, and Vadnais.
- Geographic Focus: While most operations are centered in California, Rockford operates extensively across the United States, and Q3C has a strong presence in Colorado and the upper Midwest.
- Services Offered:
- Installation of underground pipelines, cables, and conduits for the petroleum, petrochemical, and water industries.
- Construction management of various industrial facilities.
- Environmental construction services tailored to meet regulatory and ecological standards.

2. East Segment:
- The East segment is primarily represented by the JCG Heavy Civil division, JCG Infrastructure and Maintenance division, BW Primoris, and Cardinal Contractors, Inc.
- Geographic Focus: This segment operates mainly in the southeastern United States and the Gulf Coast region, focusing on heavy civil construction, infrastructure maintenance, and management.
- Services Offered:
- Highway and bridge construction projects that are essential for regional connectivity.
- Infrastructure maintenance services, including upgrades and replacement of existing structures to meet current demands.
- Specialized services for roadway construction, emphasizing durability and compliance with safety regulations.

3. Energy Segment:
- This segment features operations concentrated in the southeastern United States and Gulf Coast, including pipeline and gas facility construction and maintenance.
- Notable Subsidiaries: It includes the JCG Industrial division and recent acquisitions such as Surber and Ram-Fab. Furthermore, it covers OnQuest, Inc. and OnQuest Canada, ULC, dedicated to high-performance furnace and heater solutions.
- Services Offered:
- Construction and maintenance of energy pipelines and natural gas distribution systems.
- Design and installation services for industrial heating systems critical to operations in oil refining, petrochemical, and power generation industries.
- Maintenance support to ensure operational efficiency and safety compliance within energy facilities.

Products and Services

Primoris Services Corporation’s offerings span a wide array of specialized services designed to address the unique needs of each sector:

- Installation Services:
- Underground pipeline systems and related infrastructure for various utilities, including water and gas.
- Complex commercial and industrial structures, predominantly utilizing cast-in-place strategies for durability and reliability.

- Maintenance Services:
- Ongoing maintenance and repair services for gas distribution networks, ensuring effective service delivery and compliance with safety standards.
- Industrial facility maintenance, including routine checks and emergency services to minimize downtime.

- Construction Services:
- Heavy civil project management, encompassing the construction of highways and bridges.
- Environmental construction projects aimed at mitigating adverse ecological impacts while fulfilling industrial needs.

International Operations

While Primoris Services Corporation primarily focuses on the domestic U.S. market, it has established operations that extend into international territories through its subsidiary OnQuest, Inc. and OnQuest Canada, ULC. These operations are pivotal in serving clientele within the oil refining, petrochemical, and power generation sectors across the globe. By leveraging its experience and technological expertise, the company positions itself as a competitive entity capable of fulfilling international project specifications while adhering to local regulations and standards.

Conclusion

Primoris Services Corporation showcases its strength through a diverse portfolio of construction and maintenance services sharply focused on meeting the growing demands of the energy, utility, and industrial sectors. Its segmented approach allows for tailored solutions that cater to specific regional and industry needs, further supported by international capabilities in select operational areas. Through strategic acquisitions and a commitment to quality, Primoris continues to build its reputation as a reliable construction partner in both domestic and international markets.


Composition of Primoris Services Corporation Revenues by Segments

 
Revenue recognized over time    70.53 % of total Revenue
Fixed Price    44.97 % of total Revenue
Unit Price    35.73 % of total Revenue
Cost Reimbursable    19.31 % of total Revenue
MSA    35.89 % of total Revenue
Non-MSA    64.12 % of total Revenue
Intereliminations    -1.82 % of total Revenue
Intereliminations Fixed Price    -1.65 % of total Revenue
Intereliminations Unit Price    -0.1 % of total Revenue
Intereliminations Cost Reimbursable    -0.07 % of total Revenue
Intereliminations Non-MSA    -1.82 % of total Revenue
Utilities Segment    40.58 % of total Revenue
Utilities Fixed Price    7.19 % of total Revenue
Utilities Unit Price    25.59 % of total Revenue
Utilities Cost Reimbursable    7.8 % of total Revenue
Utilities MSA    30.36 % of total Revenue
Utilities Non-MSA    10.21 % of total Revenue
Utilities Intereliminations    1.82 % of total Revenue
Energy Segment    61.26 % of total Revenue
Energy Fixed Price    39.43 % of total Revenue
Energy Unit Price    10.25 % of total Revenue
Energy Cost Reimbursable    11.58 % of total Revenue
Energy MSA    5.53 % of total Revenue
Energy Non-MSA    55.73 % of total Revenue
Utilities    40.58 % of total Revenue
Energy    61.26 % of total Revenue
Intereliminations Utilities    1.82 % of total Revenue
Non-United States    0 % of total Revenue

Q1 three months ended (Mar 31 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Revenue recognized over time 1,100.00 70.53 %
Fixed Price 701.40 44.97 %
Unit Price 557.30 35.73 %
Cost Reimbursable 301.20 19.31 %
MSA 559.80 35.89 %
Non-MSA 1,000.10 64.12 %
Intereliminations -28.40 -1.82 %
Intereliminations Fixed Price -25.70 -1.65 %
Intereliminations Unit Price -1.60 -0.1 %
Intereliminations Cost Reimbursable -1.10 -0.07 %
Intereliminations Non-MSA -28.40 -1.82 %
Utilities Segment 632.90 40.58 %
Utilities Fixed Price 112.10 7.19 %
Utilities Unit Price 399.10 25.59 %
Utilities Cost Reimbursable 121.70 7.8 %
Utilities MSA 473.60 30.36 %
Utilities Non-MSA 159.30 10.21 %
Utilities Intereliminations 28.40 1.82 %
Energy Segment 955.40 61.26 %
Energy Fixed Price 615.00 39.43 %
Energy Unit Price 159.80 10.25 %
Energy Cost Reimbursable 180.60 11.58 %
Energy MSA 86.20 5.53 %
Energy Non-MSA 869.20 55.73 %
Utilities 632.90 40.58 %
Energy 955.40 61.26 %
Intereliminations Utilities 28.40 1.82 %
Non-United States 0.00 0 %
Total 1,559.70 100 %




Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Revenue recognized over time -8.33 % -
Fixed Price - -
Unit Price - -
Cost Reimbursable - -
MSA 14.24 % -
Non-MSA -13.64 % -
Intereliminations - -
Intereliminations Fixed Price - -
Intereliminations Unit Price - -
Intereliminations Cost Reimbursable - -
Intereliminations Non-MSA - -
Utilities Segment 12.34 % -
Utilities Fixed Price - -
Utilities Unit Price - -
Utilities Cost Reimbursable - -
Utilities MSA 4.76 % -
Utilities Non-MSA 43.13 % -
Utilities Intereliminations 20.34 % -
Energy Segment -13.8 % -
Energy Fixed Price - -
Energy Unit Price - -
Energy Cost Reimbursable - -
Energy MSA 124.48 % -
Energy Non-MSA -18.76 % -
Utilities 12.34 % -
Energy -13.8 % -
Intereliminations Utilities 20.34 % -
Non-United States 27.27 % -
Total -5.34 % -79.41 %




Q1 three months ended (Mar 31 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 17.40 1.12 %




Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total -60.67 % -93.67 %




Annual Report on Primoris Services Corporation Divisions, Sales by Country

 
Non-United States   Non-United States Segment contribution to total sales 0 % of total Revenue


Twelve months ended 2025
PRIM s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Non-United States 0.00 0 %
Total 7,574.10 100 %


Twelve months ended 2025
PRIM s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total 274.90 3.63 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Non-United States -50 % -
Total 18.97 % 51.97 %



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