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North American Construction Group posts $99.5M Q1 adjusted EBITDA, boosts Australian revenue 17%, and completes Iron Mine Contracting acquisition.

Company Fundamentals
13 May 2026
GlobeNewsWire
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Bullish
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North American Construction Group Ltd. reported a Q1 2026 adjusted EBITDA of $99.5 million, stable year-over-year and up 28% sequentially, driven by strong Australian operations with 17% revenue growth and the recent acquisition of Iron Mine Contracting. Despite a 6% year-over-year decline in reported revenue to $319.2 million, combined revenue rose 8% to $422.5 million. The company improved margins through operational discipline and fleet optimization, particularly in the oil sands region. NACG declared a quarterly dividend of $0.12 per share and projects 2026 combined revenue between $1.5 billion and $1.7 billion, with adjusted EBITDA of $380 million to $420 million, supported by a $3.9 billion backlog and strategic growth in Australia and North America.

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