Badger Announces Pricing of C$200 Million Senior Unsecured Notes

(TSX:BDGI) Badger Infrastructure Solutions Ltd. announced that it has successfully priced a private placement offering of C$200 million aggregate principal amount of senior unsecured notes due 2033. The notes will be issued at a price of C$1,000 per C$1,000 principal amount, with an interest rate of 6.000% per annum. The offering is being made through a syndicate of underwriters led by TD Securities Inc. and CIBC World Markets Inc., acting as joint bookrunners. The net proceeds from the offering are intended to be used to repay certain existing indebtedness and for general corporate purposes. The offering is expected to close on or about November 19, 2026, subject to customary closing conditions. The notes are being offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions. The notes have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to any U.S. persons. Badger is described as North America's largest provider of non-destructive excavation and related services, serving a broad customer base across construction, utility, transportation, industrial, and other critical infrastructure markets. The company's key system is the Badger Hydrovac, which uses a pressurized water stream to liquify soil, which is then removed by vacuum and deposited into a storage tank. Badger designs and manufactures its Hydrovac fleet at its facility in Red Deer, Alberta, with an annual production capacity of more than 350 units. This vertically integrated model allows Badger to produce units at a lower cost compared to purchasing from third parties and provides direct control over equipment specifications, fleet availability, and lifecycle management. Badger operates across Canada and the United States. The company also operates a select number of specialty units, including combo trucks, sewer and flusher units, dump trucks, rock slingers, and airvacs.

Badger Confirms Release Date for Q3 2026 Results

(TSX:BDGI) Badger Infrastructure Solutions Ltd. confirms the release date for its Q3 2026 results. The company expects to release its Q3 2026 results on Thursday, November 5, 2026, after markets close. A conference call and webcast for investors, analysts, and brokers to discuss the Q3 2026 results is scheduled for 9:00 a.m. EST on Friday, November 6, 2026. Participants can join the call and ask questions during the live Q&A session or join with audio only via the provided webcast link. A replay of the call will be available and archived on Badger's investor relations website under the Events & Presentations section. Badger is described as North America's largest provider of non-destructive excavation and related services, serving a broad customer base across construction, utility, transportation, industrial, and other critical infrastructure markets. The company's customers typically operate near high concentrations of underground power, communication, water, gas, and sewer lines, where non-destructive excavation provides a safe alternative for certain excavation requirements. Badger's key system is the Badger Hydrovac, which uses a pressurized water stream to liquify soil cover, then removes it with a vacuum and deposits it into a storage tank. Badger operates a vertically integrated business model, designing and manufacturing its Badger Hydrovac fleet at its facility in Red Deer, Alberta. This facility has an annual production capacity of more than 350 units. The vertical integration enables Badger to produce units at a lower cost compared to purchasing from third parties. This approach provides Badger with direct control over equipment specifications, fleet availability, and lifecycle management, supporting operational consistency across its Canadian and U.S. operations. To complement the Badger Hydrovac and expand service offerings, Badger has a select number of specialty units, mainly combo trucks, sewer and flusher units, dump trucks, rock slingers, and airvacs.

Badger Announces Acceptance of Its Notice of Intention to Renew Its Normal Course Issuer Bid

(TSX: BDGI) Badger Infrastructure Solutions Ltd. announced its intention to file with the Toronto Stock Exchange a notice of intention to renew its normal course issuer bid, providing for the purchase and cancellation by Badger of up to 2,959,178 common shares during the period commencing on August 27, 2026 and ending on the earlier of August 26, 2027, the date on which the number of Common Shares that Badger intends to acquire under its bid have been purchased, or the date on which the Company terminates its bid at its option. The maximum number of Common Shares that may be purchased and cancelled under the NCIB represents 10.0% of the Company's public float as at August 19, 2026, or approximately 8.8% of the Company's 33,659,562 issued and outstanding Common Shares as at such date. The aggregate number of Common Shares that the Company may purchase under the NCIB on any trading day is subject to a maximum daily purchase limit of 43,868 Common Shares, being 25% of the average daily trading volume on the Exchange for the six calendar months preceding the date of the acceptance of the Notice, which was equal to 175,473 Common Shares. Under its normal course issuer bid which commenced August 26, 2025 and expires August 25, 2026, the Company had obtained approval from the Exchange to purchase and cancel up to 2,910,453 Common Shares, and the Company has actually purchased and cancelled 65,162 Common Shares entirely through open market transactions at a weighted average price of CAD$63.18 per Common Share. The Exchange also approved the implementation of an automatic securities purchase plan, pursuant to which Badger's broker may facilitate purchases of Common Shares during blackout periods within certain parameters set by Badger and as prescribed by the Exchange, applicable Canadian securities laws, and the terms of the parties' written agreement. Badger operates a vertically integrated business model, designing and manufacturing its Badger Hydrovac fleet at its facility in Red Deer, Alberta, which has an annual production capacity of more than 350 units.

Badger Delivers 23% Organic Revenue Growth and 25% Adjusted EBITDA Growth in the Second Quarter of 2026

(TSX: BDGI) Badger Infrastructure Solutions Ltd. reported second quarter revenue of $257.1 million, up 23% from $208.2 million in the second quarter of 2025. Adjusted EBITDA improved to $66.1 million, a 25% increase from $52.7 million in the prior year period, and revenue per truck per month (RPT) was $47,731, up 14% from $41,867. The company purchased 33,303 common shares under its NCIB at a weighted average price per share of CAD$63.04 for a total of $1.5 million, and issued CAD$300.0 million of 5.375% senior unsecured notes due May 14, 2031. Capital expenditures for the quarter were $60,200,000, and the hydrovac truck count reached 1,822 units. The board approved a quarterly cash dividend of CAD$0.195 per common share for the third fiscal quarter of 2026, payable on or after October 15, 2026. The company projects 2026 fleet growth to be on the high end of the planned 7% to 10% range, with new builds of 270 to 310 units, retirements of 130 to 150 units, refurbishments of 30 to 50 units, and total capital spend of $188 million to $230 million.

Badger Confirms Release Date for Q2 2026 Results

(TSX: BDGI) Badger Infrastructure Solutions Ltd. confirms the release date for its Q2 2026 results. Badger expects to release its Q2 2026 results on Thursday, July 30, 2026, after markets close. A conference call and webcast to discuss the Q2 2026 results is scheduled for 7:00 a.m. MDT on Friday, July 31, 2026. Badger operates a vertically integrated business model, designing and manufacturing its Badger Hydrovac fleet at its facility in Red Deer, Alberta which has an annual production capacity of more than 350 units. Badger is North America's largest provider of non-destructive excavation and related services, serving a broad customer base across a diverse range of construction, utility, transportation, industrial and other end-use markets. The company projects the release of Q2 2026 results on July 30, 2026. Badger's key system is the Badger Hydrovac™, which uses a pressurized water stream to liquify the soil cover, which is then removed with a powerful vacuum and deposited into a storage tank.

Badger Announces Closing of C$300 Million Senior Unsecured Note Offering

Badger Infrastructure Solutions Ltd. (TSX: BDGI) announced the closing of its previously announced private placement offering of $300 million aggregate principal amount of 5.375% senior unsecured notes due May 14, 2031. The net proceeds from the Offering will be used to repay indebtedness under its credit facilities, including its term facility. The Notes were offered for sale in Canada on a private placement basis and have not been and will not be registered under the U.S. Securities Act of 1933. Badger is North America’s largest provider of non-destructive excavation and related services, operating a vertically integrated business model with an annual production capacity of more than 350 units at its facility in Red Deer, Alberta. The company remains well positioned to continue its strategy of investing for growth while maintaining a strong balance sheet.

Badger Announces Pricing of C$300 Million Senior Unsecured Notes

Badger Infrastructure Solutions Ltd. (TSX:BDGI) announced the successful pricing of a private placement offering of C$300 million aggregate principal amount of senior unsecured notes due 2031 at a price of C$1,000 per C$1,000 principal amount, with an interest rate of 5.375% per annum. The net proceeds from the Offering are intended to be used to repay indebtedness under its credit facilities, including its term facility. The Offering is expected to close on or about May 14, 2026, subject to customary closing conditions. The Notes are being offered for sale in Canada on a private placement basis and will not be registered under the Securities Act of 1933 or any state securities laws. Badger is North America’s largest provider of non-destructive excavation and related services.

Badger's Commercial Execution Delivers 18% Revenue and 13% EBITDA Growth as Infrastructure End Markets Continue to Increase Demand

Badger Infrastructure Solutions Ltd. (TSX:BDGI) reported first quarter 2026 results, achieving revenue of $203.2 million, an 18% increase from $172.6 million in Q1 2025. Adjusted EBITDA rose 13% to $38.1 million, and revenue per truck per month increased 11% to $39,009. The company purchased 47,373 common shares under its NCIB at a weighted average price of CAD$63.27 and declared a quarterly cash dividend of CAD$0.195 per share. Badger plans capital expenditures of $170 million to $200 million in 2026, with total capital spend expected between $198 million and $230 million, including $15 million to $25 million for launching two new service lines.