North American Construction Group Ltd. Announces Results for the Third Quarter Ended September 30, 2026

(TSX:NOA) North American Construction Group Ltd. announced financial and operational results for the third quarter ended September 30, 2026. Combined revenue for the quarter was $438.1 million, an increase of $47.3 million or 12% year-over-year, while reported revenue was $413.3 million, up $96.0 million or 30% from the prior year. Adjusted EBITDA reached $100.1 million, up $1.0 million year-over-year, with IMC contributing $8.2 million following its acquisition in April 2026. Adjusted net earnings were $6.6 million, down $13.0 million from the prior year, and the company reported a net loss of $24.2 million, a decrease of $41.5 million or 240% year-over-year, primarily due to the Fargo Project, higher general and administrative costs, and increased interest expense. Heavy Equipment - Australia revenue increased 42% to $267.8 million, including $73.6 million from IMC and $5.7 million organic growth from MacKellar and DGI. Heavy Equipment - Canada revenue rose 12% to $141.2 million, driven by increased demand at Syncrude and Millennium mines. Revenue from joint ventures and affiliates declined 66% to $24.8 million, reflecting the legacy Fargo Project. Combined gross profit was $51.6 million (11.8% margin), down from $56.8 million (14.5% margin) in the prior year. Free cash flow was an outflow of $28.3 million, as $100.1 million in adjusted EBITDA was offset by $76.5 million in sustaining capital spending, $20.5 million in cash interest, and $23.6 million in working capital changes. Sustaining maintenance capital in Canada totaled $35.7 million. The Fargo construction joint venture increased total project costs by approximately $150 million on a 100%-basis, or $45 million attributable to NACG's 30% interest, resulting in a contract loss position. The company declared a regular quarterly dividend of $0.12 per common share, payable January 8, 2027, to shareholders of record on November 25, 2026. Contractual backlog is above $3.2 billion, and the identified opportunity pipeline exceeds $14 billion. The company raised its full-year combined revenue outlook to $1.7 billion to $1.8 billion and tightened adjusted EBITDA guidance to $370 million to $400 million. Basic net income per share was a loss of $0.90, down from $0.59 in Q3 2025, and adjusted EPS was $0.25, down from $0.66. The company is preparing for an orderly CEO transition from Barry Palmer to Brad Rogers. Management will hold a conference call and webcast on November 5, 2026, at 8:00 a.m. Alberta Time to discuss the results.

North American Construction Group Ltd. Third Quarter Results Conference Call and Webcast Notification

(TSX:NOA) North American Construction Group Ltd. announced it will release its financial results for the third quarter ended September 30, 2026, on Wednesday, November 4, 2026, after markets close. The company will hold a conference call and webcast to discuss these results on Thursday, November 5, 2026, at 8:00 a.m. Alberta Time (9:00 a.m. Eastern Time). The conference call can be accessed by dialing toll free at 1-800-717-1738 and using Conference ID 01529. A replay of the call will be available through December 5, 2026, by dialing toll free at 1-888-660-6264, using Conference ID 01529 and Playback Passcode 01529#. A slide deck for the webcast will be available for download the evening prior to the call on the company’s website at www.nacg.ca/presentations/. The live presentation and webcast can be accessed via the North American Construction Group Ltd. Third Quarter Results Conference Call and Webcast Registration link. A replay of the webcast will also be available until December 5, 2026, using the provided link. The financial results pertain to the third quarter ended September 30, 2026. The announcement specifies the exact dates and times for both the release and the conference call. The company provides clear instructions for accessing both the live call and the replay. The slide deck will be made available in advance of the call for interested parties. The announcement covers all logistical details for investors and analysts wishing to participate.

North American Construction Group Ltd. Second Quarter Results Conference Call and Webcast Notification

(TSX:NOA) North American Construction Group Ltd. announced that it will release its financial results for the second quarter ended June 30, 2026 on Wednesday, August 12, 2026 after markets close. NACG will hold a conference call and webcast on Thursday, August 13, 2026, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). The call can be accessed by dialing Toll free: 1-800-717-1738 with Conference ID: 40245. A replay will be available through September 12, 2026, by dialing Toll Free: 1-888-660-6264, Conference ID: 40245, Playback Passcode: 40245. A slide deck for the webcast will be available for download the evening prior to the call and will be found on the company’s website at www.nacg.ca/presentations/. The live presentation and webcast can be accessed at North American Construction Group Ltd. Second Quarter Results Conference Call and Webcast Registration. North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S.

North American Construction Group Ltd. Announces Closing of Private Placement Offering of $200 Million Senior Unsecured Notes

(TSX:NOA / NYSE:NOA) North American Construction Group Ltd. announced that it has successfully closed its previously announced private placement offering of $200 million aggregate principal amount of 7.00% Senior Unsecured Notes due June 16, 2031. NACG will utilize the proceeds of the Offering to repay indebtedness under its existing Credit Agreement, and for general corporate purposes. The Notes were offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions. The Notes have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and were offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the U.S. Securities Act and applicable state securities laws and outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act. The Offering was underwritten by National Bank Financial Inc., including its U.S. affiliates, ATB Capital Markets Corp., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Canaccord Genuity Corp. and Raymond James Ltd. North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. The company anticipates the use of proceeds of the Offering, interest rates and market conditions, heavy equipment demand, and credit risks and existing indebtedness may impact actual results.

North American Construction Group Ltd. Announces Pricing of Private Placement Offering of $200 Million Senior Unsecured Notes

(TSX:NOA / NYSE:NOA) North American Construction Group Ltd. announced that it has entered into an underwriting agreement to sell $200 million aggregate principal amount of 7.00% Senior Unsecured Notes due June 16, 2031. The Notes will be issued at a price of $1,000 per $1,000 of Notes and will accrue interest at the rate of 7.00% per annum, payable in cash in equal payments semi-annually in arrears each June 16 and December 16, commencing on December 16, 2026. The Notes will be issued pursuant to an indenture to be entered into between NACG and Computershare Trust Company of Canada, as trustee. NACG intends to use the net proceeds of the Offering to repay indebtedness under its existing Credit Agreement, and for general corporate purposes. The Offering is being led by National Bank Financial Inc., including its U.S. affiliates, ATB Capital Markets Corp., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Canaccord Genuity Corp., and Raymond James Ltd. The closing of the Offering is expected to occur on or about June 16, 2026, subject to customary closing conditions. The Notes are being conditionally offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions.

North American Construction Group Ltd. First Quarter Results Conference Call and Webcast Notification

North American Construction Group Ltd. announced it will release its financial results for the first quarter ended March 31, 2026, on May 13, 2026, after markets close. A conference call and webcast to discuss the results will be held on May 14, 2026, at 7:00 a.m. Mountain Time. The company provides heavy civil construction and mining services in Australia, Canada, and the U.S. A slide deck for the webcast will be available for download the evening prior to the call. A replay of the call will be available through June 12, 2026.