MasTec — Jul 24, 2026 release

The addition of Superior further enhances our capabilities and our confidence in MasTec’s ability to significantly exceed our three-year financial objectives provided at our recent Investor Day.” Second Quarter 2026 Results Dollars in millions, except per share amounts 2Q'26 2Q'25 Change Revenue $ 4,374  $ 3,545  23.4  % Operating income $ 226  $ 158  43.1  % GAAP net income $ 146  $ 90  61.7  % GAAP net income margin 3.3  % 2.5  % 80 bps Adjusted net income $ 191  $ 122  57.0  % Adjusted EBITDA $ 384  $ 275  39.8% Adjusted EBITDA margin 8.8  % 7.8  % 100 bps GAAP diluted earnings per share $ 1.65  $ 1.09  51.0% Adjusted diluted earnings per share $ 2.22  $ 1.49  48.8% Cash provided by operating activities $ 21  $ 6  280.2  % Free cash flow $ (59) $ (45) (31.1) % 18-month backlog $ 21,391  $ 16,452  30.0  % Second Quarter 2026 Segment Highlights Communications Dollars in millions, unless noted 2Q'26 2Q'25 Change Revenue $ 888.9  $ 836.9  6.2  % EBITDA $ 73.1  $ 82.6  (11.6) % EBITDA margin % 8.2  % 9.9  % (170) bps Clean Energy and Infrastructure Dollars in millions, unless noted 2Q'26 2Q'25 Change Revenue $ 1,622.1  $ 1,131.4  43.4  % EBITDA $ 128.2  $ 83.3  53.9  % EBITDA margin % 7.9  % 7.4  % 50 bps Power Delivery Dollars in millions, unless noted 2Q'26 2Q'25 Change Revenue $ 1,245.8  $ 1,045.6  19.2  % EBITDA $ 113.0  $ 91.3  23.7  % EBITDA margin % 9.1  % 8.7  % 30 bps Pipeline Infrastructure Dollars in millions, unless noted 2Q'26 2Q'25 Change Revenue $ 642.8  $ 539.7  19.1  % EBITDA $ 118.5  $ 62.1  91.0  % EBITDA margin % 18.4  % 11.5  % 690 bps 2026 Financial Guidance Update Dollars in millions, except per share amounts 3Q'26E Full Year 2026E Revenue $ 4,930 $ 18,200 GAAP net income $ 176 $ 539 Adjusted net income $ 252 $ 785 Adjusted EBITDA $ 482 $ 1,600 Adjusted EBITDA margin  9.8% 8.8% GAAP diluted earnings per share $ 2.03 $ 6.20 Adjusted diluted earnings per share $ 2.98 $ 9.30 Conference Call MasTec will host a webcast of its quarterly earnings call to discuss these results on Friday, July 31, 2026 at 9:00 a.m. ET, which can be accessed through the Investors section of MasTec's website at www.mastec.com. A replay of the webcast also will be available following the live event. The slide presentation that accompanies the conference call will also be posted on the MasTec Investors page. About MasTec MasTec, Inc. is a leading North American infrastructure engineering and construction company focused primarily on engineering, building, installation, maintenance and upgrade of communications, energy and utility and other infrastructure. MasTec primarily operates under four business segments including Communications, serving both wireless and wireline/fiber infrastructure; Power Delivery, serving primarily utility customers in transmission and distribution markets; Pipeline Infrastructure serving energy and other customers with instal