---
schema_version: "secwatch.filing_event.v1"
accession: "0001361538-26-000014"
form_type: "8-K"
ticker: "PRIM"
cik: "0001361538"
company_name: "Primoris Services Corp"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:17:50.372463+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Primoris Q1 2026: revenue $1.6B (-5.4% YoY), adj EPS $0.59 ($0.98 prior), acquires PayneCrest Electric

## Summary
- Net income $17.4M ($0.32 diluted) down from $44.2M ($0.81) in Q1 2025; adjusted net income $32.2M ($0.59) down from $53.5M ($0.98).
- Revenue $1.6B, down 5.4% YoY from $1.7B; Energy segment decline partially offset by Utilities growth.
- Adjusted EBITDA $60.5M, down 39.1% from $99.4M in Q1 2025.
- Total backlog $11.6B, down $0.3B from Q4 2025; MSA backlog $7.5B.
- Completed acquisition of PayneCrest Electric, Inc. on May 1, 2026.

## SEC filing metadata
- accession: 0001361538-26-000014
- form_type: 8-K
- ticker: PRIM
- cik: 0001361538
- company_name: Primoris Services Corp
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361538/000136153826000014/0001361538-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361538/000136153826000014/prim-20260430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361538-26-000014
- JSON: https://secwatch.observer/filing/0001361538-26-000014.json
- Plain text: https://secwatch.observer/filing/0001361538-26-000014.txt

## Source-grounded claims
- claim_id: e043ae09bc9286d1a680be03fccdbd3d035d8636
  claim: Primoris Services Corp reported first quarter ended March 31, 2026 results: revenue $1.6 billion, net income $17.4 million, or $0.32 per diluted share, EPS $0.32 per diluted share.
  evidence_excerpt: For the first quarter of 2026, Primoris reported the following highlights (1) : ● Revenue of $1.6 billion, down $0.1 billion, or 5.4%, compared to the first quarter of 2025 primarily driven by lower revenue in the Energy segment, partially offset by growth in the Utilities segment; ● Net income of $17.4 million, or $0.32 per diluted share, down $26.8 million, or $0.49 per diluted share, from the first quarter of 2025;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153826000014/0001361538-26-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.