Risk Sleuth
AGX · 10-K filed 26 Mar 2026 · year to 31 Jan 2026

Argan

26 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Power segment customer concentration (three customers)

concentrated in · approximately 23%, 16% and 11% of consolidated revenuesnamed as a risk
For Fiscal 2026, our most significant customer relationships included three Power segment customers, which accounted for approximately 23%, 16% and 11% of consolidated revenues.Business (Item 1)

Data centers

earns from
Forecasts generally indicate a significant increase in electricity demand in the United States for the foreseeable future, driven largely by the expansion in the number of data centers, the increase in electric vehicle sales, and the onshoring of manufacturing facilities.Risk factors (Item 1A)

Also named by AESI, BKR, BSM, CBRE, CEG, CMI, CNP, CTOS and 26 more

Suppliers

Gas turbine manufacturers

depends onnamed as a risk
We are not dependent upon any one source for major equipment components or any other construction materials we use to complete a particular power project, although in certain cases the number of suppliers providing such equipment is limited.Business (Item 1)

Partners and platforms

Bank of America, N.A.

depends on · $35.0 million
The Credit Agreement has a base lending commitment amount of $35.0 million and establishes the interest rate for revolving loans at the Secured Overnight Financing Rate (“SOFR”) plus 1.85%.Business (Item 1)

Also named by DORM, GSBD, OCSL, VICR, VRSK, WDFC, ZETA

Surety bonding providers

depends onnamed as a risk
Our construction contracts frequently require payment and/or performance bonds from surety companies as a condition of contract award.Risk factors (Item 1A)

Also named by MYRG

Other companies

Natural gas-fired power plant EPC market

earns from · 80.1%, 79.3% and 72.6% of consolidated revenuesnamed as a risk
Most of our consolidated revenues are generated by the Power segment, which represented 80.1%, 79.3% and 72.6% of consolidated revenues for Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively.Risk factors (Item 1A)

U.S. Treasury notes

exposed to its price · $402.5 million
The weighted average annual interest rate of our certificates of deposit of $150.0 million, the money market funds balance of $149.6 million, and the U.S. Treasury notes with face value of $402.5 million was 3.7%.Market risk (Item 7A)

Places

Southeastern United States

concentrated in · approximately 17.7%, 19.2%, and 24.9% of our consolidated revenues
The segment serves industrial customers primarily in the Southeastern United States.Business (Item 1)

Also named by BWIN, IMKTA, STWD

Greenville, North Carolina

operates in · over 90,000 square feet
Its fabrication facility and warehouse, which totals over 90,000 square feet, and offices are located near Greenville, North Carolina.Business (Item 1)

United Kingdom

operates innamed as a risk
A portion of our business is conducted outside the United States, primarily in Ireland and the U.K.Risk factors (Item 1A)

Also named by AJG, AMP, BAC, BF/B, BGC, BRO, C, CACI and 59 more

Ireland

operates innamed as a risk
A portion of our business is conducted outside the United States, primarily in Ireland and the U.K.Risk factors (Item 1A)

Also named by AAPL, ACN, ADI, BEN, CDNS, CELH, COR, DDOG and 13 more

Mid-Atlantic United States

concentrated in
Our Teledata segment provides utility construction services and comprehensive technology wiring solutions to customers primarily in the Mid-Atlantic region of the U.S., with additional operations in markets across New England and the Southeast.Business (Item 1)

Also named by TLN

Hazards

War in Ukraine

named as a risk
For example, the war in Ukraine and other international conflicts have contributed to volatility in global energy supply and pricing, increased transportation costs, shipping disruptions, and delays in the delivery of materials and equipment.Risk factors (Item 1A)

Also named by RS

Iran conflict / LNG shipping disruption

named as a risk
In addition, escalation of military conflict involving Iran could disrupt global oil and liquefied natural gas (“LNG”) markets, including potential impacts to shipping through key transit routes.Risk factors (Item 1A)

Commodities and inputs

Natural gas

exposed to its pricenamed as a risk
If natural gas prices increase or become more volatile, developers may delay, reduce, or cancel new natural gas-fired generation projects or may be unable to obtain construction or permanent financing on acceptable terms.Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, ALB, AMRC and 132 more

Steel

exposed to its pricenamed as a risk
We are also subject to fluctuations in commodity prices, including steel products, copper, concrete, and fuel.Market risk (Item 7A)

Also named by AAON, ALSN, AM, AME, AMRC, AOS, APD, APG and 104 more

Copper

exposed to its pricenamed as a risk
We are also subject to fluctuations in commodity prices, including steel products, copper, concrete, and fuel.Market risk (Item 7A)

Also named by AAON, AMKR, APG, APH, APLD, BMI, BWA, CARR and 58 more

Concrete

exposed to its pricenamed as a risk
We are also subject to fluctuations in commodity prices, including steel products, copper, concrete, and fuel.Market risk (Item 7A)

Also named by HHH, PHM, STRL

British Pound and Euro

exposed to its pricenamed as a risk
Our foreign subsidiaries operate in either the British Pound or the Euro.Market risk (Item 7A)

Also named by BLK

Spark spreads and capacity market pricing

exposed to its pricenamed as a risk
Declines in spark spreads resulting from lower power prices, higher fuel costs, or other market conditions, as well as decreases in capacity market prices or changes to capacity market rules that reduce expected revenues, could reduce the expected returns on new power generation projects and discourage or delay project development.Risk factors (Item 1A)

Regulators

OSHA

subject tonamed as a risk
Further, regulatory changes implemented by OSHA or similar government agencies could impose additional costs on us.Risk factors (Item 1A)

Also named by WOR

Laws and programs

General Data Protection Regulation (GDPR)

subject tonamed as a risk
We are subject to privacy and data protection laws and regulations in the United States and internationally, including the General Data Protection Regulation (“GDPR”) in the European Union, as well as contractual obligations requiring the protection of confidential and proprietary information.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AIOT, AJG, AVAV and 100 more

Hydraulic fracturing regulation

subject tonamed as a risk
A significant portion of U.S. natural gas supply is produced using hydraulic fracturing and horizontal drilling, which remain subject to evolving federal, state, and local regulation and public opposition.Risk factors (Item 1A)

Also named by AESI, AM, COP, CVX, DTM, EPD, EXE, HESM and 7 more

U.S. tariffs on steel and aluminum

subject tonamed as a risk
Tariffs or similar measures affecting imported materials, including steel and aluminum, could increase project costs and create uncertainty in budgeting, contract negotiations and project scheduling.Business (Item 1)

Also named by CTOS, ENB, HUBB

U.K. Bribery Act of 2010

subject tonamed as a risk
The U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act of 2010 and similar anti-bribery laws in other jurisdictions generally prohibit companies and their intermediaries from making improper payments to officials or others for the purpose of obtaining or retaining business.Risk factors (Item 1A)

Also named by FLR, J

Natural gas pipeline approvals

subject tonamed as a risk
Delays, opposition, or legal challenges affecting pipeline projects could further delay or prevent the development of power plants.Risk factors (Item 1A)