Discontinued — last reported Q3 '24
Oil and Gas — Revenue
MasTec Oil and Gas — Revenue decreased by 13.0% to $497.80M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 26.0%, from $672.30M to $497.80M. Over 2 years (FY 2021 to FY 2023), Oil and Gas — Revenue shows a downward trend with a -9.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates higher demand for infrastructure services or successful project execution in the energy sector.
Detailed definition
Total gross income generated from engineering, construction, and maintenance services provided to the oil and gas indust...
Peer comparison
Standard segment revenue metric; peers in the energy infrastructure sector report this to show market share and activity levels.
mtz_segment_oil_and_gas_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $621.40M | $858.40M | $335.20M | $211.00M | $341.20M | $375.80M | $291.60M | $256.50M | $341.80M | $672.30M | $802.20M | $633.80M | $572.40M | $497.80M |
| QoQ Change | — | +38.1% | -61.0% | -37.1% | +61.7% | +10.1% | -22.4% | -12.0% | +33.3% | +96.7% | +19.3% | -21.0% | -9.7% | -13.0% |
| YoY Change | — | — | — | — | -45.1% | -56.2% | -13.0% | +21.6% | +0.2% | +78.9% | +175.1% | +147.1% | +67.5% | -26.0% |
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Frequently Asked Questions
- What is MasTec's oil and gas — revenue?
- MasTec (MTZ) reported oil and gas — revenue of $497.80M in Q3 2024.
- How has MasTec's oil and gas — revenue changed year-over-year?
- MasTec's oil and gas — revenue decreased by 26.0% year-over-year, from $672.30M to $497.80M.
- What is the long-term trend for MasTec's oil and gas — revenue?
- Over 2 years (2021 to 2023), MasTec's oil and gas — revenue has grown at a -9.7% compound annual growth rate (CAGR), from $2.54B to $2.07B.
- What does oil and gas — revenue mean?
- Total sales generated by the oil and gas business segment.