Tutor Perini wins USD 315 million pier deal: what it means for Tutor Perini stock

Published on 10/07/2026 at 04:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tutor Perini won USD 315 million pier work on October 5, 2026. Tutor Perini stock posted USD 1.64 billion in second-quarter revenue, up 19.20 percent.

TPC, US9011091082, Illustration mit AI erstellt.

Tutor Perini (ISIN US9011091082) secured a USD 315 million Coast Guard fuel pier contract in Alaska on October 5, 2026. The award adds a large public infrastructure project to the contractor's third-quarter 2026 backlog, according to StockTitan.

Alaska contract expands backlog

Perini Management Services, a Tutor Perini subsidiary, will build a fuel pier at U.S. Coast Guard Base Kodiak. The USD 315 million project is designed to expand dock capacity to as many as two major cutter berths, while completion is anticipated in September 2030, the linked company release reported on October 5, 2026.

Design work began in late September, and the contract value will enter the company's backlog for the third quarter of 2026. That timing matters because backlog conversion, rather than the headline award alone, determines when the project can affect reported revenue.

Second-quarter revenue rose 19.20 percent

Tutor Perini reported USD 1.64 billion of revenue in the second quarter of 2026, up 19.20 percent from the prior-year quarter. According to MarketBeat on October 2, 2026, quarterly earnings per share reached USD 1.74 versus a USD 0.67 consensus estimate.

The same quarter's revenue exceeded the USD 1.57 billion estimate by USD 70 million, or 4.46 percent. MarketBeat also reported full-year 2026 adjusted earnings-per-share guidance of USD 5.15 to USD 5.45, giving the Alaska award a stronger operating backdrop than a standalone contract announcement.

Stock remains below its yearly high

On the NYSE, TPC was last at USD 89.06 on October 6, 2026 at 4:00 p.m. ET. The price stood 12.94 percent below the USD 102.30 52-week high and the company's market capitalization was USD 4.7 billion.

Lang & Schwarz lists a prior close of EUR 78.83 for October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Tutor Perini stock.