- Coulson Excavating
- 2026
- 10
- 4
- 40.00%
- $12,454,540
- 11.27%
- 12.01%
- 9.14%
- $38,723,180
The major cash flow decline is expected when high-completion projects begin winding down and the large Peoria project becomes the primary revenue source.
Short-Term (Next 3-6 Months):
Cash flow is expected to remain stable or increase slightly as new projects continue ramping up.
Medium-Term (6-12 Months):
Several projects will approach completion, reducing revenue diversification.
Potential Major Risk Period:
Late 2026 through Mid-2027.
Recommended Action:
Begin securing additional work within the next 3-4 months.
How Much New Work Is Needed?
To maintain approximately $4.5M monthly cash flow, the contractor should maintain 18-24 months of active backlog.
Current remaining backlog is approximately $104M, representing about 22-23 months of work at the current burn rate.
Recommendation:
- Secure $40M-$60M in new backlog over the next 6-9 months.
- Target $20M-$30M of new work before year-end.
- Prioritize contracts that can start between Q4 2026 and Q2 2027.
- Maintain a minimum backlog of $80M-$100M to avoid significant cash flow reductions.
- 2026 Resurfacing Program PN ENM000126
- Larimer County
- $4,181,948
- 5/22/26
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- Loveland
- $922,887
- 5/7/26
- Roadway Patch 2026
- Windsor
- $258,930
- 4/30/26
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- Cleveland Avenue Revitalization SHO M430 006 CID No 25044
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- 3/20/26
- 2026 Roadway Sidewalk Improvements
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- $923,707
- 3/19/26
- Mill Overlay
- Milliken
- $179,444
- 3/16/26
- Roadway Improvement 2026
- Windsor
- $1,781,984
- 2/26/26
- Weld County Parking Lot Removal Replacement
- Weld County
- $1,555,000
- 1/21/26
- WCR 54 13 Roundabout Project
- Weld County
- $15,952,671
- 1/16/26
- 2026 Resurfacing Program PN ENM000126
- Larimer County
- $4,181,948
- 07/21/26
- 120
- 0%
- -
- $4,181,948
- Roadway Patch 2026
- Windsor
- $258,930
- 06/29/26
- 120
- 0%
- -
- $258,930
- WCR 54 13 Roundabout Project
- Wellington
- $6,231,678
- 05/19/26
- 120
- 24.2%
- $1,557,920
- $4,725,689
- WCR 54 13 Roundabout Project
- Windsor
- $1,781,984
- 04/27/26
- 120
- 42.5%
- $445,496
- $1,024,641
- $2,003,416
- $10,191,208

