# MasTec Sets Record With $24.5 Billion Backlog at Quarter End

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/45083
Published: 2026-10-30T20:06:08.000Z
Updated: 2026-10-30T20:06:08.000Z
Section: Business

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

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.