Primoris Services Corporation (PRIM) reported second-quarter 2026 revenue of $1.688 billion, down 10.7% from the prior-year quarter, and a net loss of $24.2 million, or $0.45 per diluted share. The company cited lower revenue in the Energy segment and margin pressure tied to renewables projects.
Primoris said total backlog reached a record $13.9 billion at June 30, 2026, including $8.2 billion of MSA backlog. The company maintained its 2026 outlook for net income of $71 million to $101 million, or $1.30 to $1.85 per fully diluted share.
- Second-quarter revenue was $1.688 billion, compared with $1.891 billion a year earlier.
- Net loss was $24.2 million, compared with net income of $84.3 million in the prior-year period.
- Energy segment revenue fell 19.2% to $999.9 million.
- Utilities segment revenue rose 2.8% to $712.6 million.
- Total backlog was $13.856 billion at June 30, 2026.
- The board declared a quarterly cash dividend of $0.08 per share.
$PRIM Insider Trading Activity
$PRIM insiders have traded $PRIM stock on the open market 11 times in the past 6 months. Of those trades, 2 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $PRIM stock by insiders over the last 6 months:
- JOHN M. PERISICH (CHIEF LEGAL AND ADMIN OFFICER) has made 0 purchases and 6 sales selling 29,707 shares for an estimated $3,798,225.
- DAVID LEE KING has made 0 purchases and 3 sales selling 20,000 shares for an estimated $2,381,801.
- TERRY D MCCALLISTER has made 2 purchases buying 29 shares for an estimated $3,357 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PRIM Hedge Fund Activity
We have seen 215 institutional investors add shares of $PRIM stock to their portfolio, and 270 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST TRUST ADVISORS LP added 928,155 shares (+47.4%) to their portfolio in Q1 2026, for an estimated $132,763,291
- ARTEMIS INVESTMENT MANAGEMENT LLP removed 879,580 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $87,183,969
- CONGRESS ASSET MANAGEMENT CO removed 812,154 shares (-99.3%) from their portfolio in Q2 2026, for an estimated $80,500,704
- BOSTON PARTNERS removed 420,475 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $60,144,744
- MILLENNIUM MANAGEMENT LLC added 399,037 shares (+22582.7%) to their portfolio in Q1 2026, for an estimated $57,078,252
- J. SAFRA SARASIN HOLDING AG added 374,968 shares (+inf%) to their portfolio in Q2 2026, for an estimated $37,166,828
- VONTOBEL HOLDING LTD. added 337,666 shares (+inf%) to their portfolio in Q2 2026, for an estimated $33,469,453
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$PRIM Congressional Stock Trading
Members of Congress have traded $PRIM stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $PRIM stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 1 purchase worth up to $15,000 on 03/03 and 2 sales worth up to $30,000 on 05/08, 02/18.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
