| Schedule of Financial Information by Reportable Segment |
Summarized financial information for MasTec’s reportable segments is presented and reconciled to consolidated financial information for total MasTec in the following tables, including a reconciliation of consolidated income before income taxes to EBITDA, all of which are presented in millions. The tables below may contain slight summation differences due to rounding. | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | Revenue: | 2024 | | 2023 | | 2024 | | 2023 | Communications (a) | $ | 927.2 | | | $ | 824.4 | | | $ | 2,484.7 | | | $ | 2,499.6 | | Clean Energy and Infrastructure | 1,138.4 | | | 1,099.9 | | | 2,834.2 | | | 2,894.5 | | Power Delivery | 712.5 | | | 665.0 | | | 1,920.1 | | | 2,077.1 | | Oil and Gas | 497.8 | | | 672.3 | | | 1,704.0 | | | 1,270.6 | | Other | — | | | — | | | — | | | — | | Eliminations | (23.5) | | | (4.5) | | | (42.6) | | | (25.9) | | | Consolidated revenue | $ | 3,252.4 | | | $ | 3,257.1 | | | $ | 8,900.4 | | | $ | 8,715.9 | |
(a) Revenue generated primarily by utilities customers represented 23.0% and 25.0% of Communications segment revenue for the three month periods ended September 30, 2024 and 2023, respectively, and represented 25.1% and 24.1% for the nine month periods ended September 30, 2024 and 2023, respectively. | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | EBITDA: | 2024 | | 2023 | | 2024 | | 2023 | Communications | $ | 106.6 | | | $ | 73.4 | | | $ | 237.3 | | | $ | 215.7 | | Clean Energy and Infrastructure | 85.0 | | | 42.4 | | | 152.8 | | | 80.9 | | Power Delivery | 54.5 | | | 56.5 | | | 133.2 | | | 161.0 | | Oil and Gas | 103.1 | | | 97.3 | | | 330.9 | | | 188.9 | | Other | 7.4 | | | 4.4 | | | 17.2 | | | 18.2 | | | Segment EBITDA | $ | 356.6 | | | $ | 274.0 | | | $ | 871.4 | | | $ | 664.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | Depreciation and Amortization: | 2024 | | 2023 | | 2024 | | 2023 | Communications | $ | 24.5 | | | $ | 37.0 | | | $ | 90.2 | | | $ | 105.6 | | Clean Energy and Infrastructure | 30.2 | | | 37.1 | | | 93.7 | | | 107.3 | | Power Delivery | 29.3 | | | 39.9 | | | 97.7 | | | 119.4 | | Oil and Gas | 27.9 | | | 40.7 | | | 102.2 | | | 111.6 | | Other | — | | | — | | | — | | | — | | Corporate | 2.7 | | | 2.6 | | | 7.6 | | | 7.7 | | | Consolidated depreciation and amortization | $ | 114.6 | | | $ | 157.3 | | | $ | 391.4 | | | $ | 451.6 | |
| | | | | | | | | | | | | Assets: | September 30,
2024 | | December 31,
2023 | Communications | $ | 2,203.9 | | | $ | 2,332.2 | | Clean Energy and Infrastructure | 2,686.3 | | | 2,978.8 | | Power Delivery | 1,858.8 | | | 1,837.1 | | Oil and Gas | 1,583.1 | | | 1,758.0 | | Other | 309.6 | | | 305.0 | | Corporate | 121.3 | | | 162.4 | | | Consolidated assets | $ | 8,763.0 | | | $ | 9,373.5 | |
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