Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Revenue

Schedule of contract assets

Contract assets consist of the following (in thousands):

	June 30,		December 31,
	2024		2023
Unbilled revenue	$	609,247	$	604,166
Retention receivable		217,971		202,358
Contract materials (not yet installed)		45,790		39,652
	$	873,008	$	846,176

Schedule of contract liabilities

Contract liabilities consist of the following (in thousands):

	June 30,		December 31,
	2024		2023
Deferred revenue	$	482,014	$	363,159
Accrued loss provision		1,864		3,317
	$	483,878	$	366,476

Schedule of revenue disaggregation by various categories

MSA and Non-MSA revenue was as follows (in thousands):

	For the three months ended June 30, 2024
Segment	MSA		Non-MSA		Total
Utilities	$	496,458	$	124,340		620,798
Energy		77,952		895,540		973,492
Intersegment Eliminations		(44)		(30,531)		(30,575)
Total	$	574,366	$	989,349	$	1,563,715

	For the six months ended June 30, 2024
Segment	MSA		Non-MSA		Total
Utilities	$	877,956	$	230,766	$	1,108,722
Energy		170,718		1,750,352		1,921,070
Intersegment Eliminations		(238)		(53,132)		(53,370)
Total	$	1,048,436	$	1,927,986	$	2,976,422

	For the three months ended June 30, 2023
Segment	MSA		Non-MSA		Total
Utilities	$	480,131	$	169,107	$	649,238
Energy		67,206		711,509		778,715
Intersegment Eliminations		(2,950)		(11,626)		(14,576)
Total	$	544,387	$	868,990	$	1,413,377

	For the six months ended June 30, 2023
Segment	MSA		Non-MSA		Total
Utilities	$	853,767	$	329,234	$	1,183,001
Energy		144,356		1,362,015		1,506,371
Intersegment Eliminations		(4,617)		(14,482)		(19,099)
Total	$	993,506	$	1,676,767	$	2,670,273

Revenue by contract type was as follows (in thousands):

	For the three months ended June 30, 2024
Segment	Fixed-price		Unit-price		Cost reimbursable (1)		Total
Utilities	$	93,571	$	387,980	$	139,247	$	620,798
Energy		539,406		164,600		269,486		973,492
Intersegment Eliminations		(30,536)		(12)		(27)		(30,575)
Total	$	602,441	$	552,568	$	408,706	$	1,563,715

(1) Includes time and material and cost reimbursable plus fee contracts.

	For the six months ended June 30, 2024
Segment	Fixed-price		Unit-price		Cost reimbursable (1)		Total
Utilities	$	180,571	$	685,405	$	242,746	$	1,108,722
Energy		1,142,706		307,389		470,975		1,921,070
Intersegment Eliminations		(51,485)		(1,765)		(120)		(53,370)
Total	$	1,271,792	$	991,029	$	713,601	$	2,976,422

(1) Includes time and material and cost reimbursable plus fee contracts.

	For the three months ended June 30, 2023
Segment	Fixed-price		Unit-price		Cost reimbursable (1)		Total
Utilities	$	101,738	$	411,594	$	135,906	$	649,238
Energy		484,996		153,892		139,827		778,715
Intersegment Eliminations		(3,310)		(11,008)		(258)		(14,576)
Total	$	583,424	$	554,478	$	275,475	$	1,413,377

(1) Includes time and material and cost reimbursable plus fee contracts.

	For the six months ended June 30, 2023
Segment	Fixed-price		Unit-price		Cost reimbursable (1)		Total
Utilities	$	187,685		734,965	$	260,351	$	1,183,001
Energy		1,014,560		280,219		211,592		1,506,371
Intersegment Eliminations		(6,059)		(11,866)		(1,174)		(19,099)
Total	$	1,196,186	$	1,003,318	$	470,769	$	2,670,273

(1) Includes time and material and cost reimbursable plus fee contracts.