Argan kicked off FY26 with nearly 23% YoY revenue growth and a sharp EPS beat, driven by strong execution in its Power Services segment. Multiple large-scale projects underway and a record $1.9B backlog provide strong visibility for continued top line momentum in the quarters ahead. Secular tailwinds from AI-driven power demand, reshoring, and energy transition position AGX for multi-year growth.
Argan Inc (AGX) Q1 earnings were a beat and a success, a solid win for shareholders rewarded with a pop in share price, up 8% on the announcement. The company continues to hold no debt, practice prudent cash management, and build its backlog, now at a record and headline-worthy $2B. I continue to hold my shares of Argan steadfastly, not trimming here (though I'm not buying any stocks at the moment), and am a believer in their operations' continued efficiency.
Argan is enjoying strong fundamental momentum, with record order book growth and robust results driven by power sector tailwinds. AGX's valuation is stretched, with a forward PE ratio far above sector and historical averages, leaving little margin for error. The company's lack of a true economic moat makes its extraordinary growth unsustainable, as rising competition will likely erode margins and returns over time.
![]() AGX In 1 month Estimated | Quarterly | $0.38 Per Share |
![]() AGX 1 month ago Paid | Quarterly | $0.38 Per Share |
![]() AGX 4 months ago Paid | Quarterly | $0.38 Per Share |
![]() AGX 7 months ago Paid | Quarterly | $0.38 Per Share |
![]() AGX 10 months ago Paid | Quarterly | $0.3 Per Share |
![]() AGX 19 Apr 2024 Paid | Quarterly | $0.3 Per Share |
4 Jun 2025 Date | | 1.09 Cons. EPS | 1.6 EPS |
9 Apr 2025 Date | | 1.15 Cons. EPS | 2.22 EPS |
4 Dec 2024 Date | | 1.26 Cons. EPS | 2 EPS |
5 Sep 2024 Date | | 0.97 Cons. EPS | 1.31 EPS |
4 Sep 2024 Date | | 0.97 Cons. EPS | - EPS |
![]() AGX In 1 month Estimated | Quarterly | $0.38 Per Share |
![]() AGX 1 month ago Paid | Quarterly | $0.38 Per Share |
![]() AGX 4 months ago Paid | Quarterly | $0.38 Per Share |
![]() AGX 7 months ago Paid | Quarterly | $0.38 Per Share |
![]() AGX 10 months ago Paid | Quarterly | $0.3 Per Share |
![]() AGX 19 Apr 2024 Paid | Quarterly | $0.3 Per Share |
4 Jun 2025 Date | | 1.09 Cons. EPS | 1.6 EPS |
9 Apr 2025 Date | | 1.15 Cons. EPS | 2.22 EPS |
4 Dec 2024 Date | | 1.26 Cons. EPS | 2 EPS |
5 Sep 2024 Date | | 0.97 Cons. EPS | 1.31 EPS |
4 Sep 2024 Date | | 0.97 Cons. EPS | - EPS |
Engineering & Construction Industry | Industrials Sector | Mr. David Hibbert Watson CPA CEO | XSTU Exchange | US04010E1091 ISIN |
US Country | 1,595 Employees | 22 Apr 2025 Last Dividend | 9 Oct 2001 Last Split | 18 Aug 1995 IPO Date |
Argan, Inc. is a diversified company that specializes in providing a broad range of engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services, specifically targeting the power generation market. With its roots going back to 1961 and a headquarters in Rockville, Maryland, Argan operates through its subsidiaries across various segments including Power Services, Industrial Services, and Telecom Services. The company’s expertise spans from the development of large-scale energy projects involving alternative energy facilities such as biomass plants, wind farms, and solar fields, to industrial construction and telecommunications infrastructure. By serving a wide array of clients including independent power project owners, public utilities, industrial companies, and government agencies, Argan plays a pivotal role in the construction and maintenance of significant infrastructure across the United States.
This segment delivers comprehensive solutions for the energy sector, focusing on engineering, procurement, and construction (EPC) services. Argan helps in designing, building, and commissioning major energy projects, catering to the needs of the alternative energy facilities, including biomass, wind, and solar projects. With a portfolio that includes projects totaling around 18 gigawatts of generating capacity, the company serves a variety of stakeholders such as independent power project owners, public utilities, and equipment suppliers.
The Industrial Services segment offers a wide range of services including industrial construction, field services, and vessel fabrication, primarily targeting clients in the fertilizer, engineering and construction, and forest products sectors, among others. Operating mainly in the southeastern United States, this segment provides specialized services for the efficient completion and operational success of industrial projects.
Argan's Telecom Services segment addresses the growing need for telecommunications infrastructure through services such as trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services. It also specializes in the installation of buried cable, high and low voltage electric lines, and outdoor lighting systems, alongside providing structured cabling services essential for the physical transport of high-speed data, voice, video, and security networks. Serving a diverse client base, including electricity cooperatives, state and local government agencies, and federal government facilities, this segment ensures robust telecommunication networks across the mid-Atlantic region of the United States.