Argan, Inc. (AGX) Q3 2026 Earnings Call Transcript
Argan (AGX) came out with quarterly earnings of $2.17 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $2 per share a year ago.
Does Argan (AGX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how Argan (AGX) and Amentum Holdings (AMTM) have performed compared to their sector so far this year.
Argan (AGX) possesses solid growth attributes, which could help it handily outperform the market.
KMT, OII and AGX made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on Dec. 3, 2025.
Amid volatile markets, AGX, UI and PAHC show strong long-term momentum despite recent pullbacks.
Argan (AGX) possesses solid growth attributes, which could help it handily outperform the market.
Here is how Argan (AGX) and MasTec (MTZ) have performed compared to their sector so far this year.
Argan remains a 'buy' due to robust growth in its Power Industry Services segment and a surging project backlog. AGX reported Q2 revenue up 4.7% year-over-year, with net income rising from $18.2M to $25.3M and EBITDA up to $36.2M. Backlog soared to $1.95B, up 88.7% year-over-year, driven by demand from AI, data centers, EV infrastructure, and renewable energy projects.
A $1.9 billion project backlog will be key for Argan to meet the rising demands for power infrastructure from the data center, EV, and solar & battery markets. The Sandow Lakes Power Station project will be key for Argan gaining a footprint in one of North America's largest data center hubs and securing future contracts in the data center market. Despite the expensive valuation, a debt-free balance sheet and robust long-term growth potential present the company as a great long-term investment opportunity.
US power demand is surging due to AI data centers and EV charging, creating a major opportunity for Argan, Inc. AGX specializes in natural gas and renewable power plant construction, with strong revenue growth potential if it secures new, large contracts. The investment is high-risk, high-reward: AGX's future depends on winning new contracts, with significant upside or downside possible.