Perma-Pipe Secures $28 Million in North American Orders
The company lands new contracts across heating, energy, and data sectors in its third fiscal quarter.
Updated on Oct. 20, 2026 in Oil and Gas
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Perma-Pipe International Holdings has secured over $28 million in new orders throughout North America during the first two months of its fiscal third quarter of 2026. The new projects span Canadian oil and gas, district heating, and U.S. data center markets.
Why it matters
These contract wins reflect ongoing demand for energy infrastructure and a strengthening outlook for the Canadian oil and gas sector this winter. Expanding operations into Jordan further signals the firm's strategic focus on international water infrastructure initiatives.
Perma-Pipe secured $28 million in new North American orders during the first two months of the fiscal third quarter. This figure captures contracts across three distinct sectors, with specific values per project currently undisclosed.
The players
Perma-Pipe International Holdings
The company is a global leader in pre-insulated piping and leak detection systems headquartered in The Woodlands, Texas.
Welspun
The conglomerate operates diverse businesses including large-diameter line pipes and infrastructure solutions.
The details
The firm is leveraging its existing manufacturing and service network to manage the influx of regional projects. Additionally, the company is finalizing a joint venture in Jordan through a Memorandum of Understanding signed with Welspun.
Timeline
August 2026 - September 2026: The company secured $28 million in new orders.
Winter 2026: The firm expects increased activity from Canadian oil and gas customers.
End of Q3 2026: The company expects to establish the joint venture in Jordan.
Market Landscape
This growth aligns with broader industry trends in specialized infrastructure, where firms are increasingly hedging between mature North American energy markets and emerging global water initiatives. The expansion into Jordan positions Perma-Pipe to diversify beyond traditional oil and gas reliance.
These contracts bolster the operational stability of the firm, which may lead to more consistent service availability for regional energy and heating projects. Customers in the Canadian oil and gas sector should anticipate more active infrastructure development as winter operations commence.
The takeaway
Securing significant regional orders ahead of the winter season provides the firm with a clear pipeline for the remainder of the fiscal year. Diversifying into international water infrastructure serves as a strategic hedge against the cyclical nature of North American energy demands.
What happens next
The company expects to formally establish its joint venture in Jordan by the conclusion of the third quarter of 2026.
Further reading
For more information on market trends, visit the Oil and Gas section.
More information
View official financial updates at the Perma-Pipe Investor Center.
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Does consistent growth in industrial orders make you feel more confident about the national economy?
