EMCOR Group, Inc. (NYSE:EME) Q3 2023 Earnings Call Transcript

Anthony Guzzi: Well, I think one is where we’re positioned, right? We’re positioned on the Gulf Coast, where the refining capacity has the most advantages. I think the second secular driver will be when we can get some renewable work back in the business on the electrical side. We’ve proven we had network really well, electrically. We’re not putting panels in that, but we’re actually connecting that field to the substation to the grid. So that would be one. Another one would be upstream. We’re positioned well in the Permian and Bakken specifically. And we expect both of them to have more robust opportunities here 1 to 3 years out. And then there are some interesting opportunities around also how they’re helping start to think about methane management for lack of a better word and what we can do to participate in that.

And we are doing some things right now to do that as they start to think about how they bring more electrification into the well instead of using diesel generators.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Tony Guzzi for any closing remarks.

Anthony Guzzi: All right. Thank you all very much. I guess we all won’t talk together until February. So be well, have a great holiday season, and everybody be safe. And I guess, Happy Halloween, not one of my favorite holidays, but Happy Halloween.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.