Primoris plugs into $260M pipeline contract in New Mexico and Texas

ConDig (28-Jan-19).  Dallas, Texas-based construction and infrastructure company Primoris Services Corp has landed two pipeline contracts in New Mexico and Texas worth a total of $260 million.

Under the deal with the unnamed clients, the company will build a combined 148 miles of various size pipelines, ranging from 6ft to 36ft.

Work on both projects is expected to begin in the first quarter of this year and set to be completed in the third quarter.

The contracts were secured by Rockford and Primoris Field Services, both part of the Primoris’ pipeline and underground division.

Last week, Primoris said it had secured a $54 million contract to revamp a highway in Louisiana.

Last month, Primoris bagged a $27 million contract to replace a bridge in southern Louisiana.

Primoris reported in November that profit increased 9% in its fiscal third quarter compared with the same period a year-ago despite a drop in revenue. For the quarter ended September 30, the company booked net income of $35.6 million compared with $32.7 million in the same period last year, driven largely by a rise in profit at the group’s civil and utilities division.

In September, Primoris said it had secured three contracts worth a total of $43 million for pipeline work in Northern Alberta, Canada. It also secured a $140 million deal for electric utility work in Northern California.tric utility work in Northern California.