MasTec Reports Record Q3 2026 Results Driven by Power Delivery and Clean Energy Growth
MasTec (MTZ) delivered strong third-quarter 2026 financial results, headlined by a 30% year-over-year revenue increase to $5.15 billion and record adjusted EBITDA of $486 million. The company's performance was primarily propelled by the Power Delivery segment, which saw a 65% revenue surge following the acquisition of Superior, and significant growth in Clean Energy and Infrastructure. Despite these successes, MasTec faced headwinds in its Communications and Pipeline Infrastructure segments. Permitting delays impacted pipeline project utilization, while deferred capital spending from wireless customers pressured communications margins. However, a record 18-month backlog of $24.5 billion provides strong visibility for future growth, supported by new hyperscaler fiber awards and significant gas generation opportunities.
Topics: Backlog Clean Energy EBITDA EPS Infrastructure Revenue Growth