MasTec is trading 7.03% down now at $155.83 after a reduced 2026 profit outlook; pipeline-project permitting delays averaging about 60 days pushed work into 2027, pressuring near-term utilization and margins.
- Third-quarter revenue reached a record $5.15 billion, while adjusted EPS of $2.96 slightly missed the $2.97 estimate.
- Updated adjusted EPS outlook is $8.92–$9.30.
- The sharp selloff began November 4 and continued in early trading on November 5.