Financial Highlights - Q3 2026 consolidated revenues reached $251 million, a 2% decrease year-over-year but a 6% increase sequentially compared to Q2 2026[5] - Q3 2026 earnings per diluted share increased by 9% year-over-year to $2.17[5] - Q3 2026 EBITDA was $40.3 million, representing 16% of revenue[5] - The quarterly dividend increased by 33% to $0.50 per common share[5] Backlog and Projects - The project backlog reached a record of approximately $3.0 billion as of October 31, 2025[5] - The current backlog represents approximately 6GW in new energy builds[5] - Recent additions to the backlog include a 1,350 MW combined cycle power plant and an 860 MW natural gas-fired power plant, both in Texas[5] - Natural Gas projects account for 79% of the backlog, Renewable projects 16%, and Industrial projects 5%[20] Market Drivers and Growth - Electricity demand is projected to increase by 25% by 2030 and 78% by 2050[21, 40] - Data center power demand is projected to double to 945 TWh by 2030[14] - Electricity demand from EVs is projected to reach 780 TWh in 2030, increasing from 180 TWh in 2024[16] Balance Sheet and Capital Allocation - Cash, cash equivalents, and investments totaled $727 million as of October 31, 2025[28] - Net liquidity was $377 million as of October 31, 2025[28] - $109.6 million has been returned to shareholders through share repurchases since November 2021[33]

Financial Performance - For the three months ended October 31, 2025, total revenues decreased by 2.3% to $251.2 million compared to $257.0 million for the same period in 2024 [103]. - Revenues from the Power Industry Services segment decreased by 7.8% to $195.5 million, representing approximately 77.8% of consolidated revenues for the quarter [104]. - The Industrial Construction Services segment saw a revenue increase of 19.4%, reaching $49.4 million for the three months ended October 31, 2025 [106]. - The net income for the three months ended October 31, 2025, was $30.7 million, reflecting a 9.7% increase from $28.0 million in the same period of 2024 [103]. - The diluted earnings per share increased by 8.5% to $2.17 for the three months ended October 31, 2025, compared to $2.00 for the same period in 2024 [103]. - For the nine months ended October 31, 2025, consolidated revenues were $682.6 million, a 6.4% increase from $641.7 million in 2024 [114]. - Power Industry Services revenues increased by 11.4%, or $56.7 million, to $552.8 million for the nine months ended October 31, 2025, representing 81.0% of consolidated revenues [115]. - Industrial Construction Services revenues decreased by 14.9%, or $20.1 million, to $114.6 million for the nine months ended October 31, 2025, representing 16.8% of consolidated revenues [117]. - Telecommunications Infrastructure Services revenues for the nine-month period ended October 31, 2025, were $15.1 million, an increase of 38.8% from $10.9 million in 2024 [119]. - Consolidated gross profit for the three months ended October 31, 2025, was approximately $46.9 million, with a gross profit percentage of 18.7%, compared to $44.3 million and 17.2% for the same period in 2024 [109]. - Consolidated gross profit for the nine months ended October 31, 2025, was approximately $128.1 million, with a gross profit percentage of 18.8%, compared to $93.4 million and 14.6% in 2024 [121]. - For the three months ended October 31, 2025, EBITDA was $40.3 million, compared to $37.5 million for the same period in 2024, reflecting a year-over-year increase of 4.8% [148]. - For the nine months ended October 31, 2025, EBITDA was $106.8 million, up from $74.2 million in 2024, representing a year-over-year increase of 43.8% [148]. - Net income for the nine months ended October 31, 2025, was $88.6 million, a 63.7% increase from $54.1 million in 2024 [114]. Project Backlog and Future Opportunities - As of October 31, 2025, the consolidated project backlog amounts to $3.0 billion, significantly up from $1.4 billion on January 31, 2025, primarily driven by the Power Industry Services segment [89]. - The Industrial Construction Services segment's project backlog increased to approximately $158.8 million as of October 31, 2025, up from $53.2 million on January 31, 2025 [102]. - The company is committed to constructing state-of-the-art natural gas-fired power plants, targeting opportunities in the U.S., Ireland, and the U.K. [91]. - The company has received full notice to proceed for multiple significant projects, including an 860 MW natural gas-fired power plant and a 1.4 GW combined-cycle natural gas-fired power plant, both expected to begin construction in the fourth quarter of Fiscal 2026 [92][93]. Cash and Financial Position - As of October 31, 2025, cash and cash equivalents were $306.3 million, an increase of $161.0 million from January 31, 2025 [126]. - The company is in compliance with the financial covenants of its Credit Agreement as of October 31, 2025 [138]. - The company has no remaining cash investment commitments related to solar tax credit entities as of October 31, 2025 [143]. - A loan of $5.0 million was funded to support the development phase of a natural gas-fired power plant, which remains outstanding as of October 31, 2025 [145]. Expenses and Market Risks - Selling, General and Administrative Expenses were $14.3 million for the three months ended October 31, 2025, representing 5.7% of consolidated revenues, compared to $14.0 million and 5.4% in 2024 [110]. - Recent changes in U.S. trade policy may introduce cost and supply chain uncertainties, particularly affecting construction materials and equipment, which could impact project costs and timelines [87]. - There have been no material changes in the company's exposure to market risk during the nine months ended October 31, 2025 [151]. Contributions and Tax Credits - The company made cash contributions of $11.5 million to solar tax credit entities during the nine months ended October 31, 2025 [143]. - The company believes that EBITDA is a meaningful measure for assessing operating performance, although it is not calculated in accordance with U.S. GAAP [146].

Exhibit 99.1 Argan, Inc. Reports Third Quarter Fiscal 2026 Results Reports Record Backlog of $3.0 Billion December 4, 2025 – ARLINGTON, VA – Argan, Inc. (NYSE: AGX) ("Argan" or the "Company") today announces financial results for its third quarter of fiscal year 2026 ended October 31, 2025. The Company will host an investor conference call today, December 4, 2025, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data) | For the Quarter Ended: | October 31, | | | | | --- | ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Argan (AGX) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.Argan is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank considers 16 different s ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, Dec. 3: Kennametal Inc. (KMT) : This specialty materials company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 25% over the last 60 days. Kennametal’s shares gained 27.6% over the last three months compared with the S&P 500’s decline of 5.4%. The company possesses aMomentum Score of A.Oceaneering International, Inc. (OII) : This industrial robotic ...

Core Insights - The U.S. equity markets experienced significant volatility recently, with a five-day winning streak interrupted by a decline in cryptocurrencies, particularly Bitcoin, which struggled to maintain a value above $90,000 [1][2] - Concerns regarding the high valuations of AI firms are prevalent, with expectations of a market correction due to growth not matching substantial investments [2] - The likelihood of the Federal Reserve reducing its benchmark borrowing rate has increased, with markets pricing in an approximately 89% chance of a rate cut at the upcoming meeting [2] Momentum Investing Strategy - Momentum investing is characterized by the strategy of "buying high and selling higher," capitalizing on established trends in stock prices [3] - This investment approach is based on the human tendency to project current trends into the future, allowing investors to profit before prices revert to their mean [3][4] - Momentum strategies have historically generated alpha across various market conditions, although identifying trends can be challenging [4] Screening Parameters for Momentum Stocks - The screening process identifies the top 50 stocks with the highest percentage price change over the past 52 weeks, ensuring selection of stocks with consistent appreciation [5] - From these, the 10 worst performers over the past week are chosen to identify those experiencing short-term pullbacks [6] - Stocks are further filtered by Zacks Rank 1 (Strong Buy) and a Momentum Style Score of B or better, indicating strong potential for success [7] Selected Momentum Stocks - Phibro Animal Health Corporation (PAHC) has seen a 74.9% increase over the past year but a recent decline of 8.2%, holding a Momentum Score of B [11] - Argan, Inc. (AGX) has surged 138.5% in the past year with a recent drop of 4.2%, achieving a Momentum Score of A [13] - Ubiquiti Inc. (UI) has increased by 56.6% over the past year but lost 2% in the last week, also holding a Momentum Score of A [15]

Argan, Inc. (AGX) Earnings Preview and Financial Health AnalysisArgan, Inc. (NYSE: AGX) is a prominent player in the engineering and construction industry, specializing in services for the power and industrial sectors. As a significant contributor to energy infrastructure development, AGX competes with leading engineering and construction firms to deliver high-quality projects and maintain robust financial health.On December 4, 2025, AGX is set to release its quarterly earnings, with analysts projecting an ...

AI demand is making energy stocks attractive. Navellier & Associates increased its position in Argan (AGX 1.46%) by 12,040 shares. The value of its holdings increased by an estimated $4.56 million in Q3, according to its SEC filing dated November 6, 2025.What happenedNavellier & Associates bought an additional 12,040 shares in Argan, taking its total holdings to 38,442 shares. According to a Nov. 6 SEC filing, Navellier's position was worth $10.38 million at the end of Q3, up from $5.82 million in Q2. What ...