$BDGI.TO

Badger Infrastructure Solutions Closes C$300 Million Senior Unsecured Note Offering

Badger Infrastructure Solutions (BDGI.TO) closed a private-placement offering of $300 million aggregate principal amount of 5.375% senior unsecured notes due May 14, 2031, the company said on Thursday.The company will use proceeds to repay indebtedness under its credit facilities, including its term facility."We are very pleased with the strong support from our new Canadian fixed income investors in our inaugural note offering," said Rob Dawson, Badger's Chief Financial Officer. "With this successful financing complete, Badger remains well positioned to continue its strategy of investing for growth while maintaining a strong balance sheet."The company's shares were last seen up $1.19 to $82.11 on the Toronto Stock Exchange.Price: $82.05, Change: $+1.13, Percent Change: +1.40%

Prior to this appointment, Mellott Served as Senior Vice President, Operations, Strategic Initiatives and Fleet

Badger Infrastructure Solutions Appoints Logan Mellott as Chief Operating Officer, Effective Immediately

Badger Infrastructure Price Target Lifted to $94.00 at Stifel Canada

Stifel Canada raised its price target on the shares of Badger Infrastructure Solutions (BDGI.TO) to $94.00, from $82.00, while maintaining a buy rating on the company after it reported a first-quarter earnings beat.According to analyst Ian Gillies, Badger's revenue growth and EBITDA margins are two positive data points supporting his view that higher truck build is required to meet robust demand. His thesis that Badger's stock is a beneficiary of large construction capex in the U.S. is unchanged with strong demand across data centers, energy and infrastructure, he adds.Gillies is of the view that the underlying fundamentals of Badger's business support a P/E in the range of 22x-23x. Construction peers in Canada and the U.S. have seen valuations gap up into the range of 25x-30x 2027E P/E, and Badger should also participate in this trend given it has very similar exposure.Management's commentary also reaffirms Gillies' view that margins will continue to improve in the second half of this year and in 2027, to reach its target range of 25%-30% (Stifel 2027E: 26.2%).Price: $79.93, Change: $+1.57, Percent Change: +2.00%

Badger Infrastructure Solutions Upgraded at Raymond James

Badger Infrastructure Solutions Ltd. (BDGI.TO) was upgraded to Outperform from Market Perform at Raymond James.Analyst Frederic Bastien raised his price target on shares of the Canadian non-destructive excavating and related services provider to $77 from $73 following its Q1 results.The stock rose $12.66, or 19%, to $78.36 on the Toronto Stock Exchange on Friday."...With new truck builds stretching higher on accelerating demand and growth investments weighing less on profitability than expected, we see BDGI digging out from under the skepticism that followed its 4Q25 print," Bastien said in a note to clients.

Badger Infrastructure Solutions Upgraded To Outperform From Sector Perform, Target C$74 Unchanged at National Bank, With Bk "Using Current Downdraft To Go Long"

Earnings Flash (BDGI.TO) Badger Infrastructure Solutions Posts Q1 Adjusted EPS US$0.22 Per Share Basic and Diluted

Earnings Flash (BDGI.TO) Badger Infrastructure Solutions Ltd. Reports Q1 Revenue US$203.2M, Up 18%; 13% EBITDA Growth