ARGAN, Inc.

ARGAN, Inc. is a holding company primarily engaged in providing comprehensive engineering, procurement, and construction (EPC) services, alongside commissioning, maintenance, project development, and technical consulting. The company's mission is to be a critical partner in building essential energy infrastructure, with a focus on both natural gas power and the expanding renewable energy sector. Its corporate headquarters are located in Arlington, Virginia, having relocated there in March 2025.

ARGAN operates through three main segments: Power Services, Industrial Services, and Telecommunications Services. The Power Services segment, its primary revenue driver, offers full-scope, turnkey EPC solutions for combined-cycle natural gas, solar, wind, battery storage, hydropower, and geothermal projects. The Industrial Services segment provides construction, maintenance, and fabrication for industrial facilities, including pipelines and process plants. The Telecommunications Services segment delivers technical consulting, construction, and maintenance for wireless and wireline communication infrastructure.

Led by President and CEO David H. Watson, ARGAN, Inc. is strategically positioned as a high-margin specialty contractor in the U.S. power generation market, driven by increasing demand from data centers and electrification. The company reported strong financial results for fiscal year 2026, with revenues of $944.6 million and a net income of $137.8 million. As of Q4 2026, ARGAN boasts a robust project backlog of approximately $2.9 billion, providing significant revenue visibility for the coming years. The company has also demonstrated its commitment to shareholder value by increasing its quarterly cash dividend to $0.50 per share and expanding its share repurchase program to $200 million.