- Kilgore - UT
- 2026
- 49
- 12
- 24.49%
- $19,365,426
- 3.97%
- 17.34%
- 9.15%
- $83,958,264
- Kilgore - CO
- 2026
- 5
- 2
- 40.00%
- $16,579,659
- 8.38%
- 0.00%
- 0.00%
- $36,887,523

Current **$15.7M** remaining backlog across three active projects supports steady cash flow through mid-year as resurfacing and surface treatment work advances. Recent 2026 awards totaling **$16.6M** at a **40%** success rate provide near-term revenue visibility, though average left on low of **8.38%** signals modest margin pressure.
Medium-term Outlook (6-12 months)
Bidding volume declined to **$36.9M** in 2026 from **$91.6M** in 2025, with only **$16.6M** secured so far, requiring accelerated wins to rebuild pipeline beyond current backlog. Sustained **30-40%** success rates and **6.43-8.38%** margins indicate stable but limited growth potential without increased bid submissions.
Key Risk Period
The 6-12 month window presents elevated risk as existing projects wind down with no substantial new backlog additions, potentially creating cash flow gaps if 2026 bidding momentum does not accelerate.
Recommendations
Increase bid submissions in high-probability segments to target at least **$40M** in new awards by year-end. Monitor project durations closely and negotiate progress payments to protect liquidity during the transition period.
- Region 3 SH 386 US 50 Resurfacing STR 348A-001 (25237Combo)
- CDOT
- $12,165,544
- 6/18/26
- Region 3 I70 Resurfacing NHPP 0701-263 (27298)
- CDOT
- $5,351,755
- 5/7/26
- Region 3 US 6 HMA Resurfacing NHPP 006A-080 (27237)
- CDOT
- $3,276,579
- 3/19/26
- Region 3 US 40 HMA Resurfacing Guardrail Improvements NHPP 0403-072 (26449)
- CDOT
- $4,865,741
- 2/19/26
- Region 5 US 160 Surface Treatment NHPP 1602-184 (24662)
- CDOT
- $11,227,904
- 1/8/26
- Region 5 US 160 Surface Treatment NHPP 1602-184 (24662)
- CDOT
- $5,351,755
- 07/06/26
- 90
- 91.1%
- $1,783,918
- $475,712
- Region 5 US 160 Surface Treatment NHPP 1602-184 (24662)
- CDOT
- $11,227,904
- 03/09/26
- 240
- 83.3%
- $1,403,488
- $1,871,317
- Region 5 US 160 Surface Treatment NHPP 1602-184 (24662)
- CDOT
- $18,121,443
- 02/02/26
- 365
- 64.4%
- $1,489,434
- $6,454,213
- $4,676,840
- $8,801,242

