STN. Stantec Inc

Stantec awarded US$20 million contract for Gross Reservoir Expansion Project

Stantec awarded US$20 million contract for Gross Reservoir Expansion Project

The completed dam will be the tallest in Colorado and improve water reliability for more than 1.5 million people

EDMONTON, Alberta and DENVER, Oct. 06, 2022 (GLOBE NEWSWIRE) -- NYSE, TSX: STN

Stantec, a global leader in sustainable design and engineering, has been named Engineer of Record providing engineering support during construction for the second phase of the Gross Reservoir Expansion (GRE) Project in Boulder County, Colorado. The US$531 million project will raise the height of the existing concrete curved gravity dam by 131 feet, increasing the reservoir’s capacity to approximately 119,000 total acre-feet and making it the tallest dam in Colorado.

The GRE project aims to provide water security to more than 1.5 million residents in Denver Water’s service area. The expanded reservoir will help balance the Denver Water North (Fraser/Colorado River Basin via Moffat Tunnel) and South (South Platte and Colorado/Blue River Basin via the Roberts Tunnel) collection systems, ensuring greater resiliency and flexibility to provide water from multiple sources to serve the community. The project is also designed to prevent water shortfalls during droughts or extreme weather-related events.

“By raising Gross Reservoir, Denver Water is addressing one of the most pressing issues facing the Western United States: water resiliency,” said Mario Finis, executive vice president for Stantec’s Energy & Resources business. “We are providing a multi-solution approach, including water storage, as part of an overall plan to address the challenges facing our communities.”

Stantec was awarded the design services contract for the first phase of the project in 2017, and once expanded, the dam will be the largest dam raise using a roller-compact concrete system in the world. Stantec’s US$20 million construction phase contract will include owner support, contractor quality reviews, and regulatory compliance. The GRE project received approval from the Colorado State Engineer’s Office and Federal Energy Regulatory Commission in early 2022.

Stantec’s Energy & Resources team is creating complex infrastructure that serves communities for generations. Stantec and Municipal Subdistrict Northern Colorado Water Conservancy District (Northern Water) recently celebrated the groundbreaking of in Loveland, Colorado, which will provide water storage to meet the needs of growing populations across northern Colorado communities, including Broomfield, Longmont, Loveland, and Greely. To learn more, visit: .

About Stantec

Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That’s why at Stantec, we always design with community in mind.

We care about the communities we serve—because they’re our communities too. This allows us to assess what’s needed and connect our expertise, to appreciate nuances and envision what’s never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We’re designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements regarding the initiatives and projects described above. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. There is a risk that the initiatives and projects described above may be delayed, cancelled, suspended, or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided herein for the purpose of giving information about the initiatives and projects referred to above and their expected impact. Readers are cautioned that such information may not be appropriate for other purposes.

Media ContactInvestor Contact
Ashley WarnockJess Nieukerk
Stantec Media RelationsStantec Investor Relations
Ph: (403) 472-0122Ph: (587) 579-2086

Design with community in mind

 



EN
06/10/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Stantec Inc

Stantec Inc: 1 director

A director at Stantec Inc bought 350 shares at 94.865USD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

 PRESS RELEASE

Stantec awarded second phase of European Commission’s Global Technical...

Stantec awarded second phase of European Commission’s Global Technical Assistance Facility for Sustainable Energy BRUSSELS, Dec. 04, 2025 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, has been awarded the second phase of the European Commission’s Global Technical Assistance Facility (TAF) for Sustainable Energy. The €27.7 million (C$45.4 million) new assignment builds on the firm’s successful management of the previous initiative—Sustainable Energy for All—as well as . For more than 15 years, Stantec has been a key partner in advancing ...

 PRESS RELEASE

Stantec reports strong third quarter 2025 results, delivering over 17%...

Stantec reports strong third quarter 2025 results, delivering over 17% growth in adjusted earnings per share Highlights Net revenue of $1.7 billion, an increase of 11.8% compared to Q3 2024Adjusted EBITDA1 increase of 17.8% to $323.4 million and adjusted EBITDA margin1 of 19.0%, a 100 basis point increase over Q3 2024Diluted EPS of $1.32 and adjusted EPS1 of $1.53, up 46.7% and 17.7%, respectively, compared to Q3 2024Contract backlog increased to $8.4 billion, up 14.9% year-over-yearIncreases full year adjusted EBITDA margin guidance, reflecting the strong performance year-to-date and ex...

 PRESS RELEASE

Stantec to release third quarter 2025 results on November 13, 2025 and...

Stantec to release third quarter 2025 results on November 13, 2025 and host conference call on November 14, 2025 EDMONTON, Alberta, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Stantec, a global leader in sustainable design and engineering, will release its third quarter 2025 financial results after markets close on Thursday, November 13, 2025. On Friday, November 14, 2025, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, president and chief executive officer, and Vito Culmone, executive vice president and chief financial officer, will hold a webcast and conference call to discuss the...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch