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via seekingalpha.comBusiness & Companies

MasTec expects to convert over $1B of gas generation projects into backlog over the next few quarters

FROM THE WIRE · SEEKINGALPHA.COM

MasTec Q3 2026 earnings: record revenue, EBITDA and backlog, with Power Delivery strength offsetting Communications risk.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA record $24.5B backlog and Power Delivery strength support the outlook, partly offset by Communications risk.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01MasTec reported record revenue, EBITDA and backlog in the third quarter of 2026.
  2. 02The backlog reached a record $24.5 billion.
  3. 03The company anticipates converting over $1 billion of gas generation projects into backlog over the next few quarters.
  4. 04Power Delivery strength offsets risk in the Communications segment.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
MasTec, Inc.MTZStock186.21 USDMarket closedtoday +4.72%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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