Tutor Perini Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting third-quarter revenue of $1,720,256 thousand and net income attributable to the company of $20,701 thousand.

Key Highlights

  • Revenue: Third-quarter revenue was $1,720,256 thousand, up from $1,415,360 thousand in the same period of 2025, according to the filing.
  • Net Income Attributable to Tutor Perini: $20,701 thousand for the three months ended September 30, 2026, compared with $3,631 thousand in the prior-year quarter.
  • Nine-Month Revenue: Revenue for the nine months ended September 30, 2026 was $4,746,761 thousand, versus $4,035,674 thousand for the same period in 2025.
  • Diluted EPS: Diluted earnings per common share for the nine months ended September 30, 2026 was $2.09, compared with $0.97 for the same period in 2025.
  • Debt Extinguishment Loss: The company reported a loss on extinguishment of debt of $51,386 thousand during the third quarter of 2026, with no comparable charge in 2025.
  • Pension Settlement Charge: A pension settlement charge of $33,753 thousand was recorded in the third quarter of 2026, with no comparable charge in the prior-year period.
  • Total Assets: Total assets as of September 30, 2026 were $5,739,669 thousand, compared with $5,160,422 thousand as of December 31, 2025.

Tutor Perini's Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Tutor Perini Corporation (NYSE:TPC) reported third-quarter 2026 revenue of $1,720,256 thousand, an increase from $1,415,360 thousand in the third quarter of 2025. Gross profit for the quarter was $221,462 thousand, compared with $169,395 thousand in the year-ago period. Income from construction operations rose to $125,419 thousand from $40,094 thousand, with general and administrative expenses declining to $96,043 thousand from $129,301 thousand in the prior-year quarter.

The company disclosed two notable one-time charges in the quarter: a loss on extinguishment of debt of $51,386 thousand and a pension settlement charge of $33,753 thousand, both with no comparable items in the third quarter of 2025. Net income for the quarter was $37,879 thousand in total, of which $17,178 thousand was attributable to noncontrolling interests, leaving $20,701 thousand attributable to Tutor Perini Corporation. For the nine-month period, net income attributable to the company was $112,139 thousand, versus $51,603 thousand for the first nine months of 2025.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $5,739,669 thousand, up from $5,160,422 thousand at December 31, 2025. Cash and cash equivalents increased to $1,111,049 thousand from $734,553 thousand over the same interval. Long-term debt, net of current maturities and unamortized discount and issuance costs of $7,444 thousand, stood at $399,078 thousand. Total stockholders' equity was $1,301,304 thousand, with retained earnings of $126,244 thousand as of September 30, 2026. Shares issued and outstanding as of that date were 52,569,117, the filing stated.

What Was Disclosed

Tutor Perini's 10-Q for the quarter ended September 30, 2026 disclosed revenue, earnings, balance sheet data, and cash flow results for the three and nine months ended September 30, 2026, including a loss on debt extinguishment and a pension settlement charge, both recorded in the third quarter.