Key Stats for Argan Stock
- Pre-market price change for Argan stock: 10%
- $AGX Share Price as of Mar. 26: $411
- 52-Week High: $493
- $AGX Stock Price Target: $374
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What Happened?
Argan (AGX) stock surged more than 10% in a pre-market move on Friday after the company posted Q4 results that left analyst expectations in the dust.
The numbers were hard to argue with.
- Argan earned $3.47 per share on revenue of $262.1 million.
- Analysts had forecast just $1.98 per share on $255.3 million in revenue.
- That’s a 75% earnings beat — not a rounding error.
- Full-year revenue came in at $944.6 million, up 8.1% from the prior year.
- Net income for the full year hit $137.8 million, or $9.74 per diluted share, compared to $6.15 per share the year before.
- Gross margins also expanded — from 16.1% in fiscal 2025 to 20.5% for fiscal 2026.
A big part of that came from the Trumbull Energy Center project being completed ahead of schedule, which reduced costs and boosted margins in the quarter.
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What the Market Is Telling Us About Argan Stock
Argan stock has a straightforward story right now: power demand is surging, and Argan is one of the very few companies capable of building the large, complex gas-fired plants needed to meet it.
- The company ended the year with a $2.9 billion backlog — its strongest ever — after adding $2.5 billion in new contracts during fiscal 2026, including three U.S. gas-fired power plants totaling more than 3.4 gigawatts.
- That backlog is expected to convert to revenue over the next three-plus years, giving Argan strong forward visibility.
The balance sheet is equally impressive.
- Argan closed the year with $895 million in cash and investments and zero debt.
- Management raised the quarterly dividend to $0.50 per share — the third consecutive annual increase — and has a $150 million buyback authorization in place.
CEO David Watson noted that the company currently has capacity to take on additional projects, with only 9 of the possible 10-12 simultaneous jobs underway.
That’s a meaningful signal that growth isn’t done.
For investors watching Argan stock, the combination of record earnings, a massive backlog, and a debt-free balance sheet makes this a compelling setup heading into fiscal 2027.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
