North American Construction Expands Contract with Australian Coal Producer, Expected Incremental Revenue of $125M
North American Construction announced earlier that its subsidiary MacKellar amended and expanded an existing five-year contract with a "leading metallurgical coal producer" in the state of Queensland, Australia. The previous contract, announced in August 2024, had transitioned equipment under contract from dry rental to fully maintained fleets and awarded the construction of an on-site maintenance facility. The amended and expanded five-year contract maintains the expiry date of September 30, 2029 and continues to qualify as contractual backlog based on minimum hour commitments in the agreement. The expanded scope, which includes additional fully maintained equipment and related services, is expected to generate $125M of incremental revenue and increases MacKellar's scope at that mine site by approximately 50%, North American Construction said. The company said the contract is consistent with its 2026 financial outlook previously contemplated. The expanded scope is set to commence May 1, and reach full run rate by August.. Of the thirteen additional units supporting this growth, eight Komatsu 240-ton haul trucks were already purchased in December 2025. The remaining five units are expected to be acquired as growth capital during the second and third quarters of 2026 at an estimated cost of approximately $25M.
