EL7.AI
StocksMedium•28 October 2026•
2 min read

MYR Group Shares Close at $266.64 Ahead of Third-Quarter Earnings Call

Key Facts

1MYRG shares closed at $266.64 on October 27, 2026, according to EL7 data.
2Second-quarter 2026 revenue was about $1.08 billion, net income was $49.9 million and diluted earnings per share were $3.17.
3Backlog totaled $3.16 billion on June 30, 2026, up 19.6% year over year.
4The company scheduled its third-quarter results call for October 29, 2026, at 8 a.m. Mountain Time.

MYR Group shares closed at $266.64 on October 27, according to EL7 data, ahead of a scheduled call to discuss third-quarter results. The company scheduled the call for October 29 at 8 a.m. Mountain Time, according to its investor relations website. It had announced that third-quarter results would be released after the market close on October 28. The call follows a second quarter in which the company posted record revenue and net income. Its backlog totaled $3.16 billion at the end of June.

MYR Group revenue in the second quarter of 2026 was about $1.08 billion, compared with $900.325 million in the same period of 2025. Net income rose to $49.851 million from $26.466 million, according to the company’s filing with the U.S. Securities and Exchange Commission. Diluted earnings per share were $3.17 in the second quarter of 2026. The company described revenue, net income and earnings per share as quarterly records. The results provide context for the upcoming call, which the company scheduled to discuss third-quarter performance.

Backlog totaled $3.16 billion on June 30, 2026, up $518.4 million, or 19.6%, year over year. The total included $1.27 billion in transmission and distribution work and $1.89 billion in commercial and industrial work. The company had reported $2.64 billion in backlog on June 30, 2025. The figure measures the volume of work recorded in the company’s books at the end of the second quarter. The second-quarter backdrop also includes MYR Group’s acquisitions of Valley Electric and Comet Electric, which closed on July 1, 2026.

The acquired companies generated combined annual revenue of more than $400 million during 2024 and 2025, according to a MYR Group announcement. The company had previously authorized a $75 million share repurchase program on July 30, 2025. That program ended on February 4, 2026, after replacing an earlier program whose available funds had been largely exhausted. The annual filing provides these details as part of the company’s record of prior repurchase programs. MYR Group is scheduled to discuss third-quarter results on its October 29 call at 8 a.m. Mountain Time.

Open on chart