North American Construction Group Ltd. Announces $2.0 Billion, Five-Year Contract in Queensland, Australia
North American Construction Group (NYSE:NOA) has secured its largest-ever contract through its subsidiary MacKellar Group, signing a $2.0 billion five-year extension with a leading coal producer in Queensland, Australia. The contract, extending through April 30, 2030, adds $800 million to the original contract value.
The amended agreement includes risk and reward mechanisms for operational alignment and brings NACG's total contractual backlog to $4.0 billion as of March 31, 2025, with Australian operations accounting for $3.0 billion. This represents a significant increase from the previous record of $3.5 billion reported on December 31, 2024.
North American Construction Group (NYSE:NOA) ha ottenuto il suo contratto pi霉 grande di sempre tramite la sua controllata MacKellar Group, firmando un prolungamento quinquennale da 2,0 miliardi di dollari con un importante produttore di carbone nel Queensland, Australia. Il contratto, esteso fino al 30 aprile 2030, aggiunge 800 milioni di dollari al valore originario del contratto.
Il nuovo accordo modificato include meccanismi di rischio e ricompensa per l'allineamento operativo e porta il totale degli ordini contrattuali di NACG a 4,0 miliardi di dollari al 31 marzo 2025, con le operazioni australiane che rappresentano 3,0 miliardi di dollari. Questo rappresenta un aumento significativo rispetto al precedente record di 3,5 miliardi di dollari riportato al 31 dicembre 2024.
North American Construction Group (NYSE:NOA) ha asegurado su contrato m谩s grande hasta la fecha a trav茅s de su subsidiaria MacKellar Group, firmando una extensi贸n quinquenal de 2.000 millones de d贸lares con un importante productor de carb贸n en Queensland, Australia. El contrato, que se extiende hasta el 30 de abril de 2030, a帽ade 800 millones de d贸lares al valor original del contrato.
El acuerdo enmendado incluye mecanismos de riesgo y recompensa para la alineaci贸n operativa y eleva el total de la cartera contractual de NACG a 4.000 millones de d贸lares al 31 de marzo de 2025, con las operaciones australianas representando 3.000 millones de d贸lares. Esto representa un aumento significativo respecto al r茅cord anterior de 3.500 millones reportado el 31 de diciembre de 2024.
North American Construction Group (NYSE:NOA)電� 鞛愴殞靷� MacKellar Group鞚� 韱淀暣 靷儊 斓滊寑 攴滊鞚� 瓿勳暯鞚� 觳搓舶頄堨溂氅�, 順胳＜ 韤胳霝滊摐鞚� 欤检殧 靹濏儎 靸濎偘鞐呾泊鞕� 20鞏� 雼煬 攴滊鞚� 5雲� 鞐办灔 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 瓿勳暯鞚� 2030雲� 4鞗� 30鞚�旯岇 鞐办灔霅橂┌, 鞗愲灅 瓿勳暯 旮堨暋鞐� 8鞏� 雼煬臧� 於旉皜霅橃棃鞀惦媹雼�.
靾橃爼霅� 瓿勳暯鞐愲姅 鞖挫榿 臁办爼鞚� 鞙勴暅 鞙勴棙 氚� 氤挫儊 氅旍护雼堨鞚� 韽暔霅橃柎 鞛堨溂氅�, NACG鞚� 齑� 瓿勳暯 鞛旍暋鞚� 2025雲� 3鞗� 31鞚� 旮办 40鞏� 雼煬鞐� 鞚措ゴ氅�, 鞚� 欷� 順胳＜ 靷梾鞚� 30鞏� 雼煬毳� 彀頃╇媹雼�. 鞚措姅 2024雲� 12鞗� 31鞚� 氤搓碃霅� 鞚挫爠 旮半鞚� 35鞏� 雼煬鞐愳劀 韥矊 歃濌皜頃� 靾橃箻鞛呺媹雼�.
North American Construction Group (NYSE:NOA) a obtenu son plus gros contrat 脿 ce jour via sa filiale MacKellar Group, en signant une extension de cinq ans d'une valeur de 2,0 milliards de dollars avec un important producteur de charbon dans le Queensland, en Australie. Le contrat, prolong茅 jusqu'au 30 avril 2030, ajoute 800 millions de dollars 脿 la valeur initiale du contrat.
L'accord modifi茅 comprend des m茅canismes de risque et de r茅compense pour un alignement op茅rationnel et porte le carnet de commandes total de NACG 脿 4,0 milliards de dollars au 31 mars 2025, les op茅rations australiennes repr茅sentant 3,0 milliards de dollars. Cela repr茅sente une augmentation significative par rapport au pr茅c茅dent record de 3,5 milliards de dollars au 31 d茅cembre 2024.
North American Construction Group (NYSE:NOA) hat 眉ber seine Tochtergesellschaft MacKellar Group den bislang gr枚脽ten Auftrag gesichert und einen f眉nfj盲hrigen Verl盲ngerungsvertrag 眉ber 2,0 Milliarden US-Dollar mit einem f眉hrenden Kohleproduzenten in Queensland, Australien, unterzeichnet. Der Vertrag, der bis zum 30. April 2030 l盲uft, erh枚ht den urspr眉nglichen Vertragswert um 800 Millionen US-Dollar.
Die ge盲nderte Vereinbarung beinhaltet Risiko- und Belohnungsmechanismen zur operativen Abstimmung und bringt den gesamten Vertragsr眉ckstand von NACG zum 31. M盲rz 2025 auf 4,0 Milliarden US-Dollar, wobei die australischen Operationen 3,0 Milliarden US-Dollar ausmachen. Dies stellt eine deutliche Steigerung gegen眉ber dem bisherigen Rekord von 3,5 Milliarden US-Dollar zum 31. Dezember 2024 dar.
- Secured largest contract in company history worth $2.0 billion
- Record-high total backlog of $4.0 billion provides revenue visibility through 2029
- Australian operations contribute $3.0 billion to total backlog
- $800 million increase to original contract value
- Contract includes performance-based risk and reward mechanisms
- Heavy exposure to coal industry and single geographic market (Queensland)
- Contract does not include provisions for growth capital
- Revenue dependent on existing mine run-rate performance
Insights
NACG secures historic $2B contract, boosting backlog to record $4B with strong revenue visibility through 2029.
North American Construction Group's announcement represents a transformative development for the company's growth trajectory and financial stability. The
The strategic significance of this deal cannot be overstated. With
The risk-reward mechanisms included in the contract amendments demonstrate sophisticated contract structuring that aligns NACG's incentives with their client's operational efficiency goals. This approach typically results in more sustainable client relationships and potential for margin improvement if performance targets are met.
Particularly noteworthy is that this contract extension requires no additional growth capital investment, as it's based on the existing run-rate of the mine. This capital-light expansion of contracted revenue is financially efficient, likely supporting strong free cash flow generation without diluting return on invested capital metrics.
The extension with an existing client since 2022 signals strong operational execution and client satisfaction in the Australian market, validating NACG's international expansion strategy through the MacKellar acquisition and suggesting potential for further contract extensions or expansions in this region.
Largest Signed Contract in Company鈥檚 History Drives Record-High Backlog
ACHESON, Alberta, Aug. 06, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (鈥淣ACG鈥� or 鈥渢he Company鈥�) (TSX:NOA.TO/NYSE:NOA) today announced that the MacKellar Group (鈥淢acKellar鈥�), a wholly owned subsidiary of NACG, has been awarded an amended and extended five-year contract by an existing client, a leading coal producer in the state of Queensland, Australia.
The extended mine services contract has an expiry date of April 30, 2030, provides total backlog of approximately
This incremental value results in total contractual backlog for the Company of
鈥淪igning the largest contract in our history is a testament to the consistent execution and trusted partnerships we鈥檝e built,鈥� stated Joe Lambert, President and CEO of NACG. 鈥淲ith record-high backlog, including over
鈥淭his is an exciting extension for the MacKellar Group with it being a tangible demonstration of the successful and productive relationship we鈥檝e had with this customer since inception in 2022,鈥� stated Barry Palmer, COO of NACG. 鈥淲e are devoted to and aligned with this customer鈥檚 continued success and look forward to delivering tangible results on site.鈥�
About the MacKellar Group
Operating since 1966, and as a wholly owned subsidiary of NACG since 2023, MacKellar has an enviable reputation in Australia for performance and reliability. MacKellar specializes in heavy earthmoving equipment solutions and has a proud history of working on major mining and civil earthwork projects.
About NACG
NACG is one of Australia and Canada鈥檚 largest providers of heavy construction and mining services. For over 70 years, NACG has provided services to mining, resource, and infrastructure construction markets.聽聽
Jason Veenstra, CPA, CA
Chief Financial Officer
P: 780.960.7171
E: [email protected]
The information provided in this release contains forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words 鈥渆xpected鈥�, 鈥渆stimated鈥� or similar expressions, including the anticipated revenues and backlog to be generated by the contract. The material factors or assumptions used to develop the above forward-looking statements and the risks and uncertainties to which such forward-looking statements are subject are highlighted in the Company鈥檚 MD&A for the year ended December 31, 2024 and quarter ending March 31, 2025. Actual results could differ materially from those contemplated by such forward-looking statements because of any number of factors and uncertainties, many of which are beyond NACG鈥檚 control. Undue reliance should not be placed upon forward-looking statements and NACG undertakes no obligation, other than those required by applicable law, to update or revise those statements. For more complete information about NACG, please read our disclosure documents filed with the SEC and the CSA. These free documents can be obtained by visiting EDGAR on the SEC website at 聽or on the CSA website at .
FAQ
What is the value and duration of NOA's new contract in Queensland?
How much did the contract extension increase NOA's backlog?
What is NOA's current backlog from Australian operations?
Who is the client for NOA's new Australian contract?
What makes this contract significant for North American Construction Group?
