- Morrow Enterprises
- 2026
- 5
- 1
- 20.00%
- $10,549,360
- 0.00%
- 51.03%
- 10.19%
- $30,463,316

Morrow Enterprises begins work on its sole **$10.5M** Lovington Wastewater Treatment Facility project awarded in July 2026. Early-stage mobilization and permitting will generate limited cash inflows over the next several months given the 120-month contract duration. No other backlog exists to offset operating costs.
Medium-term Outlook (6-12 months)
Steady but modest progress billings on the **$10.5M** project are expected as construction ramps up, supporting positive but thin cash flow. Historical bidding results show zero wins in 2024-2025, leaving the firm reliant on this single contract for revenue.
Key Risk Period
The extended 10-year duration creates a prolonged cash-flow stretch with high dependency on one project, increasing vulnerability to payment delays or cost overruns beyond 12 months.
Recommendations
Prioritize aggressive bidding to rebuild backlog diversity and implement milestone-based cash monitoring to maintain liquidity through the long contract cycle.
- LC00382 Dona Ana
- NMDOT
- $11,977,882
- 8/21/26
- Lovington Wastewater Treatment Facility Improvements Aeration Replacement
- Lovington
- $10,549,360
- 7/30/26
- Water System Performance Improvements 1
- Truth Consequences
- $5,930,577
- 3/19/26
- Water Meter Replacement
- Truth Consequences
- $776,921
- 3/12/26
- 4283 Arrowhead Park Multi Use Trail
- New Mexico State University
- $1,228,576
- 1/29/26

