Tutor Perini (TPC) Stock

Recently, Zacks.com users have been paying close attention to Tutor Perini (TPC). This makes it worthwhile to examine what the stock has in store.

Shares of Tutor Perini (TPC) advanced Thursday as the construction firm's new CEO took over.

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that Gary Smalley has become the Company's Chief Executive Officer and a member of its Board of Directors. Mr. Smalley, formerly President, succeeds Ronald N. Tutor who has transitioned to the role of Executive Chairman of Tutor Perini's Board of Directors after serving as Chairman and CEO since 2008. Prior to today's announcement, Mr.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES CALGARY, AB / ACCESSWIRE / December 31, 2024 / Tenth Avenue Petroleum Corp. ("TPC" or the "Company") (TSXV:TPC) is pleased to announce that further to its press release dated October 29, 2024, the Company has closed the acquisition (the "Acquisition") of approximately 82 boe/d (492 mcf/d) of low decline, long-life producing natural gas assets located northeast of Brooks, Alberta. The Acquisition provides multi-zone and low-cost optimization upside while capitalizes on an opportunity to consolidate high-quality, gas weighted assets with existing infrastructure over a contiguous 32 section (16 net) of land position within our core area in Southern Alberta.

Recently, Zacks.com users have been paying close attention to Tutor Perini (TPC). This makes it worthwhile to examine what the stock has in store.

In 2024, there have been plenty of winners in the stock market. While tech stocks have gotten much of the attention from investors, other sectors have also performed well.

Tutor Perini has faced significant disputes impacting earnings but aims for profitability in 2025 through higher-margin contracts and dispute resolution. The company reported a Q3-2024 net loss due to adverse arbitration decisions but achieved record operating cash flow. With a $14 billion backlog and improved contract terms, Tutor Perini is positioned for strong revenue and earnings growth.

Zacks.com users have recently been watching Tutor Perini (TPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company has pre-paid an additional $100 million of its Term Loan B debt. Building on the paydown of $50 million of the Term Loan B debt that was disclosed in the Company's November 6, 2024 earnings release, Tutor Perini has now successfully deleveraged its balance sheet by $150 million in the last month, representing the upper.