DISAGGREGATION OF REVENUE

9 Months Ended

Jun. 30, 2026

DISAGGREGATION OF REVENUE

DISAGGREGATION OF REVENUE

6.  DISAGGREGATION OF REVENUE

The Company disaggregates revenue based on the following lines of service: (1) Gas & Water Distribution, (2) Gas & Petroleum Transmission, and (3) Electrical, Mechanical, & General services and construction. Our contract types are: Lump Sum, Unit Price, Cost Plus and T&M. The following tables present our disaggregated revenue for the three and nine months ended June 30, 2026 and 2025:

	Three Months Ended June 30, 2026
					Electrical,
	Gas & Water		Gas & Petroleum		Mechanical, &		Total revenue
	Distribution		Transmission		General		from contracts
Lump sum contracts	$	—	$	—	$	44,175,946	$	44,175,946
Unit price contracts		37,435,062		21,230,426		1,276,792		59,942,280
Cost plus and T&M contracts		10,833,745		—		15,053,957		25,887,702
Total revenue from contracts		48,268,807		21,230,426		60,506,695		130,005,928
Earned over time		48,268,807		21,230,426		60,506,695		130,005,928
Earned at point in time		—		—		—		—
Total revenue from contracts	$	48,268,807	$	21,230,426	$	60,506,695	$	130,005,928

	Nine Months Ended June 30, 2026
					Electrical,
	Gas & Water		Gas & Petroleum		Mechanical, &		Total revenue
	Distribution		Transmission		General		from contracts
Lump sum contracts	$	—	$	—	$	111,513,581	$	111,513,581
Unit price contracts		88,784,350		56,379,242		3,014,955		148,178,547
Cost plus and T&M contracts		31,432,533		—		46,166,909		77,599,442
Total revenue from contracts		120,216,883		56,379,242		160,695,445		337,291,570
Earned over time		62,810,583		24,727,176		135,648,417		223,186,176
Earned at point in time		57,406,300		31,652,066		25,047,028		114,105,394
Total revenue from contracts	$	120,216,883	$	56,379,242	$	160,695,445	$	337,291,570

	Three Months Ended June 30, 2025
					Electrical,
	Gas & Water		Gas & Petroleum		Mechanical, &		Total revenue
	Distribution		Transmission		General		from contracts
Lump sum contracts	$	—	$	—	$	34,447,972	$	34,447,972
Unit price contracts		38,566,422		9,669,098		781,248		49,016,768
Cost plus and T&M contracts		—		5,656,852		14,479,993		20,136,845
Total revenue from contracts		38,566,422		15,325,950		49,709,213		103,601,585
Earned over time		38,566,422		15,325,950		49,709,213		103,601,585
Earned at point in time		—		—		—		—
Total revenue from contracts	$	38,566,422	$	15,325,950	$	49,709,213	$	103,601,585

	Nine Months Ended June 30, 2025
					Electrical,
	Gas &Water		Gas & Petroleum		Mechanical, &		Total revenue
	Distribution		Transmission		General		from contracts
Lump sum contracts	$	—	$	—	$	106,377,171	$	106,377,171
Unit price contracts		96,967,546		31,204,196		2,745,569		130,917,311
Cost plus and T&M contracts		—		5,973,029		37,659,339		43,632,368
Total revenue from contracts		96,967,546		37,177,225		146,782,079		280,926,850
Earned over time		76,527,417		36,861,048		124,203,026		237,591,491
Earned at point in time		20,440,129		316,177		22,579,053		43,335,359
Total revenue from contracts	$	96,967,546	$	37,177,225	$	146,782,079	$	280,926,850

The Company’s disaggregated revenue does vary slightly from the Company’s segment reporting due to combining the Industrial and Building Construction into Electrical, Mechanical, & General, and one legal entity in the Underground Infrastructure Construction segment that performs services other than underground construction that are included in Electrical, Mechanical, & General. The volume of these services is not material to the Company’s segment reporting.