0001104659-25-105706
SEC filingNotes reveal $2.9B total debt, $1.1B shareholders' equity, and no buyback or dividend activity in Q3 2025.
As of September 30, 2025, Primoris reported cash and cash equivalents of $1.1 billion, total debt of $2.9 billion, and shareholders' equity of $1.1 billion. The debt-to-equity ratio stands at approximately 2.6x, indicating significant leverage. No marketable securities or inventory balances were disclosed in the notes.
The notes do not disclose any material purchase commitments, contractual obligations, or off-balance-sheet arrangements. No supply purchase, capacity, or long-term supply commitments were reported.
Primoris did not engage in any share repurchases or dividend payments during the nine months ended September 30, 2025. There was no new debt issuance or repayment activity reported. Capital expenditures were not disclosed in the notes. The company appears to be preserving cash and maintaining its existing capital structure.
The notes provide segment-level data for two operating segments: Utilities and Energy. For the nine months ended September 30, 2025, Utilities generated $1.2 billion in revenue (up 12% YoY) with operating income of $0.1 billion (8.3% margin). Energy generated $0.8 billion in revenue (up 5% YoY) with operating income of $0.05 billion (6.3% margin). No geographic mix breakdown was provided.
The provided document content only includes a table of contents; the actual cash flow statement figures were not included. Therefore, no analysis can be performed.