MasTec Sets Record With $24.5 Billion Backlog at Quarter End

John Kim

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MasTec Sets Record With $24.5 Billion Backlog at Quarter End

The company expects more than $1 billion in gas-generation projects to enter its backlog over the next few quarters.

By John Kim

Published Oct 30, 2026, 4:06 PM EDT

A turbine housing sits beneath steel pipework in a power plant / TokenPost.ai

MasTec CEO Jose Mas said its backlog reached a record $24.5 billion at quarter end, while third-quarter revenue rose 30% year over year to $5.152 billion.

MasTec expects to convert more than $1 billion in gas-generation projects into backlog over the next few quarters.

Adjusted EBITDA increased 30% year over year to $486 million. Adjusted earnings per share rose 19% to $2.96.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.