Matrix Service Company (NASDAQ: MTRX) announced that America First Refining (AFR) has awarded the firm the front-end engineering and design (FEED) contract for the storage tank farm at its new refining facility in Brownsville, Texas.

The award marks a critical step toward AFR’s Final Investment Decision (FID) for the project, which is described as the first new major refinery to be constructed in the United States in more than 50 years.

Project Scope and Capacity

The AFR facility is designed to process approximately 60 million barrels of domestic crude annually. The storage tank farm serves as critical infrastructure, ensuring the safe, reliable, and efficient movement and storage of feedstocks and refined products.

According to the company, the facility will strengthen America’s energy supply chain and support the production of cleaner fuels. The refinery is specifically engineered to process 100% American light shale oil, which is characterized as lighter and cleaner than most imported crude.

Strategic Implications

Shawn P. Payne, President and Chief Executive Officer of Matrix, stated that the selection draws on the company’s expertise in storage terminals. He noted that delivering this essential infrastructure supports their commitment to building the foundation for America’s energy future.

John Calce, Founder and Chairman of America First Refining, welcomed Matrix as a partner. He emphasized that the collaboration continues the assembly of the team and infrastructure needed to build the historic project, aiming to strengthen energy independence and reinforce national energy leadership.

Operational Details

The refinery is expected to produce Ultra Low Sulfur Diesel, jet fuel, and specialized gasoline. The design leverages commercially proven technologies in an integrated approach to allow for lower-cost refining, higher product yields, and reduced emissions compared to facilities processing heavier imported crude.

Matrix Service Company (NASDAQ: MTRX), a leading provider of engineering and construction services to the energy and industrial markets, will release its fourth quarter and full-year Fiscal 2026 financial results after market close on Wednesday, September 2, 2026.

The company scheduled a conference call for Thursday, September 3, 2026, at 10:30 am Eastern time (9:30 am Central time) to present the results and discuss its forward outlook. Management will address questions from investors regarding the company's operational performance across its three key operating segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities.

Conference Call Access

Investors and interested parties can access the live audio-visual webcast through the company's website at www.matrixservicecompany.com under the Investors Relations page, specifically in the Events & Presentations section. A direct webcast link is also available for immediate access.

Participants are advised to allow extra time prior to the call to download any required streaming media software. The conference call will be recorded and available for replay within one hour of completion via the same link used for the live broadcast.

About Matrix Service Company

Matrix Service Company is a heavy industrial contractor that engineers, constructs, and maintains critical energy, power, and industrial infrastructure. The company maintains its principal executive offices in Houston, Texas, with additional offices throughout the United States and Canada, as well as in Sydney, Australia, and Seoul, South Korea. It is certified as a Great Place To Work®.