MasTec Oil and Gas — Consolidated depreciation and amortization decreased by 21.8% to $27.90M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 31.4%, from $40.70M to $27.90M. Over 2 years (FY 2021 to FY 2023), Oil and Gas — Consolidated depreciation and amortization shows a downward trend with a -14.2% CAGR.
A steady increase often correlates with a growing asset base and ongoing capital investment in machinery and technology.
The total non-cash expense allocated to the systematic reduction of the value of tangible and intangible assets over the...
Standard expense item; peers with heavy equipment fleets typically report higher depreciation relative to revenue.
mtz_segment_oil_and_gas_consolidated_depreciation_and_amortization| 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 | $56.20M | $55.50M | $44.00M | $31.60M | $32.20M | $34.10M | $36.70M | $34.30M | $36.60M | $40.70M | $41.30M | $38.70M | $35.70M | $27.90M |
| QoQ Change | — | -1.2% | -20.7% | -28.2% | +1.9% | +5.9% | +7.6% | -6.5% | +6.7% | +11.2% | +1.5% | -6.3% | -7.8% | -21.8% |
| YoY Change | — | — | — | — | -42.7% | -38.6% | -16.6% | +8.5% | +13.7% | +19.4% | +12.5% | +12.8% | -2.5% | -31.4% |