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Tutor Perini Wins $315M Coast Guard Base Kodiak Contract
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Key Takeaways
Tutor Perini secured a $315M Coast Guard contract for a new fuel pier at Base Kodiak in Alaska.
The project expands dock capacity for two major cutter berths and includes key waterfront upgrades.
Tutor Perini expects the award to enter its backlog in Q3 2026, with completion set for September 2030.
Tutor Perini Corporation (TPC - Free Report) has strengthened its federal infrastructure portfolio after its subsidiary, Perini Management Services, Inc., secured an approximately $315 million contract from the U.S. Coast Guard for work at Coast Guard Base Kodiak in Alaska.
The project calls for the construction of a new fuel pier to support major cutter operations under the Coast Guard’s accelerated design-build-to-budget delivery method. The offshore development is intended to expand dock capacity to accommodate up to two major cutter berths, enhancing the base’s maritime infrastructure and operational capabilities.
The scope also includes unexploded ordnance removal, waterfront improvements, a new fueling utility building, utility work, cutter shore ties and other supporting site amenities. Design activities began in late September 2026, while substantial completion is expected in September 2030. Tutor Perini expects the contract value to be added to its backlog in the third quarter of 2026.
TPC Strengthens Federal Infrastructure Portfolio
The Kodiak award further expands Tutor Perini’s exposure to federally funded infrastructure and military work. During the second quarter of 2026, the company booked approximately $1.7 billion of new awards and contract adjustments and ended the period with a near-record backlog of $19.9 billion. Major additions included a military infrastructure project in Guam and two U.S. Coast Guard projects in Alaska.
The latest win should further support Tutor Perini’s long-term revenue visibility. As of June 30, 2026, remaining performance obligations stood at $9.4 billion for the Civil segment, $5.1 billion for Building and $2.1 billion for Specialty Contractors. Civil projects are generally recognized over three to five years, highlighting the multi-year nature of the company’s project pipeline.
TPC’s Stock Performance
Tutor Perini stock has gained 11.8% in the past six months, outperforming the Zacks Building Products - Heavy Construction industry and the broader Zacks Construction sector, but underperforming the S&P 500 Index.
Image Source: Zacks Investment Research
Tutor Perini is benefiting from robust demand across public infrastructure, military, transportation and other large-scale construction markets. A near-record backlog and a more than $200 billion opportunity pipeline support growth. Disciplined bidding, favorable contract terms and a focus on higher-margin projects are also aiding profitability.
Nonetheless, the company faces execution risks tied to large, complex projects, including cost inflation, project timing and contract disputes. Still, recent refinancing has lowered borrowing costs and strengthened financial flexibility.
TPC’s Zacks Rank & Key Picks
Currently, Tutor Perini carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Construction sector are:
Everus Construction Group (ECG - Free Report) presently sports a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 57%, on average. ECG stock has jumped 47.6% year to date. You can seethe complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ECG’s 2026 sales and EPS indicates growth of 23.4% and 32.9%, respectively, from the year-ago period’s levels.
EMCOR Group, Inc. (EME - Free Report) has a Zacks Rank #2 (Buy) at present. It has a trailing four-quarter earnings surprise of 12.2%, on average. Shares of EMCOR have climbed 27.4% year to date.
The Zacks Consensus Estimate for EMCOR’s 2026 sales and EPS indicates growth of 19.6% and 27.5%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (STRL - Free Report) carries a Zacks Rank of 2 at present. The company delivered a trailing four-quarter earnings surprise of 27.2%, on average. Sterling Infrastructure stock has surged 70.9% year to date.
The Zacks Consensus Estimate for STRL’s 2026 sales and EPS indicates growth of 65.1% and 84%, respectively, from the prior-year levels.
View the Zacks #1 Rank List
Image: Bigstock
Tutor Perini Wins $315M Coast Guard Base Kodiak Contract
Key Takeaways
Tutor Perini Corporation (TPC - Free Report) has strengthened its federal infrastructure portfolio after its subsidiary, Perini Management Services, Inc., secured an approximately $315 million contract from the U.S. Coast Guard for work at Coast Guard Base Kodiak in Alaska.
The project calls for the construction of a new fuel pier to support major cutter operations under the Coast Guard’s accelerated design-build-to-budget delivery method. The offshore development is intended to expand dock capacity to accommodate up to two major cutter berths, enhancing the base’s maritime infrastructure and operational capabilities.
The scope also includes unexploded ordnance removal, waterfront improvements, a new fueling utility building, utility work, cutter shore ties and other supporting site amenities. Design activities began in late September 2026, while substantial completion is expected in September 2030. Tutor Perini expects the contract value to be added to its backlog in the third quarter of 2026.
TPC Strengthens Federal Infrastructure Portfolio
The Kodiak award further expands Tutor Perini’s exposure to federally funded infrastructure and military work. During the second quarter of 2026, the company booked approximately $1.7 billion of new awards and contract adjustments and ended the period with a near-record backlog of $19.9 billion. Major additions included a military infrastructure project in Guam and two U.S. Coast Guard projects in Alaska.
The latest win should further support Tutor Perini’s long-term revenue visibility. As of June 30, 2026, remaining performance obligations stood at $9.4 billion for the Civil segment, $5.1 billion for Building and $2.1 billion for Specialty Contractors. Civil projects are generally recognized over three to five years, highlighting the multi-year nature of the company’s project pipeline.
TPC’s Stock Performance
Tutor Perini stock has gained 11.8% in the past six months, outperforming the Zacks Building Products - Heavy Construction industry and the broader Zacks Construction sector, but underperforming the S&P 500 Index.
Image Source: Zacks Investment Research
Tutor Perini is benefiting from robust demand across public infrastructure, military, transportation and other large-scale construction markets. A near-record backlog and a more than $200 billion opportunity pipeline support growth. Disciplined bidding, favorable contract terms and a focus on higher-margin projects are also aiding profitability.
Nonetheless, the company faces execution risks tied to large, complex projects, including cost inflation, project timing and contract disputes. Still, recent refinancing has lowered borrowing costs and strengthened financial flexibility.
TPC’s Zacks Rank & Key Picks
Currently, Tutor Perini carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Construction sector are:
Everus Construction Group (ECG - Free Report) presently sports a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 57%, on average. ECG stock has jumped 47.6% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ECG’s 2026 sales and EPS indicates growth of 23.4% and 32.9%, respectively, from the year-ago period’s levels.
EMCOR Group, Inc. (EME - Free Report) has a Zacks Rank #2 (Buy) at present. It has a trailing four-quarter earnings surprise of 12.2%, on average. Shares of EMCOR have climbed 27.4% year to date.
The Zacks Consensus Estimate for EMCOR’s 2026 sales and EPS indicates growth of 19.6% and 27.5%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (STRL - Free Report) carries a Zacks Rank of 2 at present. The company delivered a trailing four-quarter earnings surprise of 27.2%, on average. Sterling Infrastructure stock has surged 70.9% year to date.
The Zacks Consensus Estimate for STRL’s 2026 sales and EPS indicates growth of 65.1% and 84%, respectively, from the prior-year levels.