Great Lakes Announces Receipt of Four Dredging Awards including Woodside Louisiana LNG

Core Viewpoint - Great Lakes Dredge & Dock Corporation has received four significant work awards, enhancing its role in the U.S. energy infrastructure and contributing to its revenue visibility for 2025 and beyond [5][7]. Group 1: Work Awards - The company has been awarded a dredging contract for the Woodside Louisiana LNG project, which includes the construction of a ship berthing basin for LNG carriers, with operations expected to start in early 2026 [1]. - The Galveston Entrance Channel and Houston Ship Channel maintenance project involves dredging to maintain operating depths, with work expected to commence in the third quarter of 2025 and complete by the fourth quarter of 2025 [2]. - The Mississippi River Hopper Dredge Contract No. 3 involves rental of a dredge for maintenance dredging on the Mississippi River, with work having started in May 2025 [3]. - The Charleston Entrance Channel project, awarded in the first quarter of 2025, has been completed in the second quarter of 2025 [4]. Group 2: Financial Aspects - The awarded projects include financial figures: Galveston Entrance Channel and Houston Ship Channel project is valued at $36.2 million, Mississippi River Hopper Dredge Contract No. 3 at $17.6 million, and Charleston Entrance Channel at $10.8 million [7]. Group 3: Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the U.S., with a history of completing significant international projects and a diverse fleet of approximately 200 specialized vessels [6]. - The company is expanding its core business into the offshore energy industry and employs experienced engineering staff for project management [6].