Argan Inc Stock Price, News & Analysis

Argan (NYSE: AGX) reported strong Q2 FY2026 financial results with record-breaking performance. The company achieved revenues of $237.7 million, up 4.7% year-over-year, and record diluted EPS of $2.50, nearly doubling from $1.31 in the previous year.

Key highlights include a significant improvement in gross margin to 18.6% (up from 13.7%), EBITDA of $36.2 million (up from $24.8 million), and a record project backlog of $2.0 billion. The company maintains a strong financial position with $572.2 million in cash and investments, with no debt.

Notable operational achievements include completing an LNG project in Louisiana, achieving first fire at both Trumbull units, and securing a new contract for the 170 MW Platin Power Station in Ireland.

Argan (NYSE:AGX) has scheduled its second quarter fiscal 2026 financial results announcement for Thursday, September 4, 2025, after market close. The company will host a conference call and webcast with slide presentation at 5:00 p.m. ET the same day.

Investors can access the live webcast through a provided link, or join via phone using specific dial-in numbers. A replay will be available until September 18, 2025 for the teleconference and until September 4, 2026 for the webcast.

Argan (NYSE:AGX) announced that its subsidiary Atlantic Projects Company (APC) has secured an engineering, procurement and construction contract with SSE Thermal for the Platin Power Station in County Meath, Ireland. The project will feature three Siemens Energy SGT-800 turbines with a total generation capacity of 170 MW.

The power station will provide backup power during high demand periods and renewable energy shortfalls. The project is scheduled for completion in 2028 and marks APC's second project with SSE this year, strengthening their partnership in delivering sustainable energy solutions.

Argan (NYSE: AGX) has declared a regular quarterly cash dividend of $0.375 per share of common stock, payable on July 31, 2025, to stockholders of record as of July 23, 2025. The company has maintained a consistent dividend payment history since 2011, returning over $217 million to shareholders. The quarterly dividend has seen a significant 50% increase from $0.25 to $0.375 per share over the past two years. CEO David Watson highlighted the company's strong balance sheet and confidence in future earnings growth. Additionally, the company announced that founder and former CEO/Chairman Rainer Bosselmann has completed his final term as a director.

Argan (NYSE: AGX) reported strong Q1 FY2026 results with revenues reaching $193.7M, up 23% YoY. Net income surged to $22.6M ($1.60 per diluted share) from $7.9M ($0.58) in Q1 FY2025. The company achieved a gross margin of 19.0% and EBITDA of $30.3M. Notably, Argan secured the Sandow Lakes Power Station project, a 1.2 GW natural gas-fired plant in Texas, pushing its backlog to a record $1.9B. The company maintains strong liquidity with $546.5M in cash and investments, and zero debt. Management highlighted growing opportunities in power infrastructure driven by increasing energy demand from data centers, manufacturing, and EV charging, positioning Argan well for future growth in energy infrastructure construction.

Argan (NYSE: AGX) has appointed Lisa Larroque Alexander to its Board of Directors. Alexander currently serves as Senior Vice President at Sempra (NYSE: SRE), a major energy infrastructure company with a $43 billion market capitalization and 22,000 employees. At Sempra, she leads global corporate affairs and enterprise human resources, managing public policy, stakeholder engagement, talent development, pensions and trusts, corporate ethics, sustainability, and HR. Her extensive experience includes leadership roles in strategy, R&D, public policy, industrial customer operations, and service delivery. The appointment brings valuable energy sector expertise to Argan's board.

Argan (NYSE: AGX) has scheduled its first quarter fiscal 2026 financial results announcement for Wednesday, June 4, 2025, after market close. The company will host a webcast and conference call with management at 5:00 p.m. ET on the same day, featuring an accompanying slide presentation.

Participants can join via webcast or phone using the following dial-in numbers: Domestic (888-506-0062) and International (973-528-0011) with access code 698123. A replay will be available until June 18, 2025, via phone (877-481-4010 domestic, 919-882-2331 international) with replay code 52474, while the webcast replay will be accessible until June 4, 2026.

Argan (NYSE: AGX) announced a leadership transition at its wholly-owned subsidiary, The Roberts Company (TRC). Bobby Foister, Jr., TRC's CEO, stepped down effective April 30, 2025, transitioning to a reduced supporting role while maintaining his position as Chairman of TRC's Board. Sean Terrell, who has served as TRC's President since 2023, has assumed the additional role of CEO.

Terrell brings over 30 years of leadership experience, including senior positions at Overland Contracting Inc. (OCI) and previous experience with Argan's subsidiary Gemma Power Systems. His background includes managing major infrastructure projects, notably the Kusile Power Station project in South Africa. Terrell holds a BS in Construction Engineering from Iowa State University.

Argan Inc (NYSE: AGX) announced that its subsidiary Gemma Renewable Power has received Vistra's 2025 Nexus Award for Partner of the Year. The award recognizes Gemma's excellence in maintaining an inclusive supply chain and resilient business practices.

Gemma has been providing Engineering, Procurement, and Construction (EPC) services to Vistra for over three years, demonstrating significant expertise in large-scale power projects. The company has exceeded expectations in helping Vistra achieve its supply chain diversity goals while enhancing business value.