OUTLOOK 2026
The Dutra outlook
As the new year kicks off, we reflect on several momentous developments that position 2025 as one of the most pivotal years in The Dutra Group’s history and set the stage for what 2026 has in store. Over the past year, Dutra has taken several first steps in long-term
investments that are expanding our capacity and capabilities toward new horizons. With much to look forward to, we are pleased to share key milestones and outline what to expect from The Dutra Group over the coming year.
Capacity, Capability, Character
Safety
Safety is our top priority. No operation proceeds until safety has been fully addressed. The safety and health of all our employees is not only critical to our success, but it also reflects the collective commitment of every employee each and every day.
Integrity
We define integrity as acting with honesty, transparency, and trustworthiness in all aspects of our internal and external relationships. It embodies how we treat each other as employees, how we treat our customers, and how we represent ourselves to the subcontractors that work by our side.
Community
Dutra is committed to contributing to the communities we serve in a sustainable and environmentally friendly way. Dutra will always operate in the safest manner possible for the surrounding community. We believe a sense of community starts from within and is evident in the strong bond we have among our employees.
Relationships
Our relationships mean the world to us. It is critical that we treat our partners with integrity and honesty, holding ourselves accountable for our actions, decisions, and policies. Every day we strive to develop and foster a positive relationship with our employees, customers, suppliers, and subcontractors.
Quality
Dutra has many experienced and talented people who strive every day to be responsive and deliver the highest quality product possible. We take great pride in our consistency and effectiveness because we know that good business is about delivering high value to our customers.
Message from our President & CEO
As we look ahead to 2026, I am energized by the opportunities before us and confident in the strength of our organization. The momentum we built together continues to carry us forward, positioning The Dutra Group for another year of meaningful growth.
2026 will be shaped by strategic investments across the organization, including significant capital commitments and continued investment in employee development and leadership.
A centerpiece of our future is the construction of the Adele, which represents Dutra’s continued commitment to modernizing and strengthening our maritime fleet. Adele is more than a vessel, she is an investment in capability, efficiency, and the long-term needs of our customers and our nation’s waterways.
With 2025’s acquisition of Hanford ARC, Dutra has expanded its operational reach while enhancing our ability to serve critical infrastructure markets. As the ecological restoration and mitigation industry has rapidly evolved alongside our core business, we see tremendous potential in our now shared expertise.
Equally important is our focus on developing management and leadership. Strong leadership is essential to sustaining our culture, ensuring safe and effective execution, and preparing the next generation to guide Dutra forward. In 2026, we will continue to invest in our people through training, mentorship, and leadership development, reinforcing the foundation of excellence that defines The Dutra Group.
Nationally, infrastructure has never been more visible or more essential. Public attention and investment are increasingly focused on ports, waterways, and resilient infrastructure that supports commerce, security, and quality of life. Dutra is uniquely positioned to
answer this call. Our experience, assets, and people allow us to contribute meaningfully at a time when our nation needs reliable partners to deliver critical projects.
None of this progress is possible without the trust and collaboration of our partners. I extend my sincere appreciation to the US Army Corps of Engineers, Ports, our waterways customers, and our financial partners, banks, insurers, and surety, whose continued support enables our success.
To the entire Dutra team, your dedication, skill, and teamwork remain our greatest strength. Every role matters and every contribution moves us forward. I am proud of what we are building together.
As we move into 2026, let us do so with purpose, confidence, and a shared commitment to safety and excellence. The year ahead holds tremendous promise, and I am confident that together we will continue to build on Dutra’s legacy and reach new heights.
Here’s to a strong and successful year ahead.
Message from our Executive Chairman
As 2025 comes to a close, I am pleased to report exciting transitions in The Dutra Group’s up-and-coming management team. We have completed a Five-Year Strategic Business Plan that I truly believe is going to be a success in how we look at The Dutra Group moving forward. It is essential to have a Five-Year look ahead, giving everyone on the management team the ability to express their commitment and clarity of direction as Harry Stewart and Bill Dutra transfer leadership.
It is critical that, as this succession takes place, our new leaders find depth in their new roles and backfill their present responsibilities,
giving direction and support to all who work here at The Dutra Group. It is also of utmost importance that we continue the recapitalization of new equipment and invest in new and innovative technologies to meet the future challenges in our industry.
As we see the environment ever-changing and watch the growth in our sweet spot of dredging, mining and marine construction over the past 50 years, it is a tribute that we continue to apply and instill the Dutra culture of our 3 C’s: Capacity, Capability and Character. This common thread is showing great depth and continued value in making Dutra a great place to work, contributing to our successes, and elevating our responsibilities as we move forward in maintaining, repairing and improving facilities and the environment.
We must recognize and have pride in our accomplishments, the things our future leadership will bring us, and the depth and enthusiasm of our collective efforts to maintain the highest standards for our customers and our industry.
Let us move forward into 2026 and beyond with further commitment to retain and carry on the Dutra culture that we have established over many decades. Let us embrace and continue to strengthen the next generation as it carries on its responsibilities.
Executive promotions
capacity, capability, character
Dutra Ensures Long-Term Stability with Succession Plan
The Dutra Group is pleased to share several important leadership announcements that reflect the depth of talent within The Dutra Group and our continued commitment to long-term excellence.
project highlights
On March 20, 2025, The Dutra Group announced the issuance of a notice to proceed on the construction of a new cubic yard trailing suction hopper dredge. Christened the Adele, in honor of founder and executive chairman Bill Dutra’s mother, the Royal-IHC designed Beagle® is being constructed at Eastern Shipbuilding Group’s Allanton and Port St. Joe facilities in Florida.
Upon delivery, the Adele will join The Dutra Group’s 9,870 cubic yard Trailing Suction Hopper Dredge Stuyvesant in serving the United States’ essential waterways. The collaboration between The Dutra Group, Eastern Shipbuilding Group, Inc., and Royal IHC reflects a blend of expertise and innovation. Eastern‘s building experience in high-specification dredges in the U.S. complements Royal IHC’s advanced
design capabilities, state-of-the-art dredging equipment, automation, and environmental awareness.
“This state-of-the art, technically efficient new build vessel is designed to meet our nation’s maritime infrastructure needs, now and in the future, as the low-cost provider of dredging services, including channel deepening, maintenance dredging, beach nourishment and coastal restoration projects,” said Harry K. Stewart, President and CEO at The Dutra Group. “America’s military and consumers depend on our ability to keep our U.S. waterways open and safe.”
The IHC Beagle® Mk2 is a twin-screw trailing suction hopper dredge with a maximum hopper capacity of 10,464 yd³. The hopper’s V-shaped cross section and single row of bottom doors are designed for efficient offloading of dredged material. The design also incorporates a bow connection for high-efficiency material pump-off to service the shoreline and wetland material placement market. The hull shape is optimized with a bulbous bow to reduce drag and improve fuel efficiency.
Dutra’s announcement of the new hopper dredge is complimented by another substantial first: a historic contract between a joint venture of The Dutra Group and Griffith Company with International Transportation Service (ITS) to build the Pier G South Slip Fill, New Wharf at Berth 234, and Backland Development Project at the Port of Long Beach, California.
The contract marks the largest dollar amount that The Dutra Group has been commissioned for, setting a new high-water mark for Dutra’s scope of project.
In support of the project’s sustainability requirements, all dredging work will be powered by shore based electric power. To meet this need, the Dutra Group acquired a fully electrified 8300 Liebherr Crane. This exciting acquisition to Dutra’s fleet reinforces our commitment to supporting different California Ports’ aim to produce zero-emissions objectives.
Currently, The Dutra Group’s dredging department continues the deepening of Long Beach’s Pier J with several weeks of digging ahead. Coordinating around vessel traffic at the Port of Long Beach necessitates constant communication and strategy. It is, after all, part of the largest port facility in the western hemisphere.
Shortly thereafter, The Dutra Group issued another announcement: the acquisition of Hanford ARC, a general engineering and land management contractor specializing in wetland mitigation and restoration projects, with an impressive track record of stream construction, soil bioengineering, revegetation, park construction, and erosion control projects.
This expansion into ecological restoration extends the scope of Dutra’s delta and earthworks divisions to the quickly growing market within the Golden State and beyond. As public agencies ramp up their efforts to reconstitute degraded and disappearing ecosystems, the momentum for projects that rejuvenate natural systems capable of providing important civil and environmental functions is expected to remain strong.
The projected build timeline for the Adele anticipates the culmination of sea-trials in 2028. Between now and then, Dutra’s equipment department will continue to oversee the building process, serving as a touchstone between shipyard progress and The Dutra Group operations and estimating departments.
Progress on the Adele build continues to make headway with the first keel plates cut and laid. Dutra’s equipment division coordinates weekly with the shipbuilding team and designers to assure an on-time and high-quality finished ship.
The new hopper dredge’s design introduces Dutra to a world of new possibilities, including new markets across the country. As sea levels rise and coastal storms increase in frequency and power, the need for robust beaches extends beyond the economic and recreational benefits to an existential aspect of coastal resilience. The Dutra Group is eager to provide solutions to the escalating dangers of coastal land loss for coastal communities across the USA.
With their heavy civil season not yet started in earnest, Hanford’s operations are currently focused on estimating and creating a 2026 seasonal backlog, while focusing on refining their workflows and systems.
In late summer of 2025, Dutra began work at Cal Poly Maritime on a new pier designed to accommodate the academy’s anticipated training ship, the Golden State. Officially titled the Boat Basin and Pier Extension Project, this project represents one of Dutra’s first large-scale Design-Build contracts. Dutra is serving as one of the key architects on
the project, alongside GHD. Early contractor involvement throughout the design of the project helped prevent delays to the project schedule, decrease the cost of the project, and lower the overall risk to the owner. As of July 1, 2025, Cal Poly merged its administration with CSU Maritime into a single academic
administration, with plans to complete the merger one year later. Cal Poly Maritime Academy remains one of seven degree-granting maritime academies in the United States and the only one on the West Coast. Work is set to continue at Cal Poly Maritime through 2026.
Safety
Improving safety is a continuous process, not a one-time effort. The Dutra Group is committed to demonstrating measurable improvement in workplace safety, driven by consistent leadership expectations, tighter field-level controls, and an uncompromising focus on hazard recognition and accountability.
Despite dredging and marine construction ranking among the highest-risk sectors, Dutra’s sustained emphasis on safety as its number one core value has repeatedly produced results that outperform industry benchmarks. We know that these outcomes reflect disciplined execution in the field, stronger accountability at all levels, and a safety culture that translates policy into real-world risk reduction.
Looking ahead to 2026, the Safety Department is already advancing several key initiatives: including the formal rollout of the Compliance,
Learning, and Accountability for Safety Success (CLASS) program to reinforce personal accountability, learning, and corrective action implementation; continued expansion of our safety bench strength through additional SSHOs; a comprehensive review and update of both on-hire safety training and the short-service employee program; and consolidation of all safety training and certifications into a single, centralized platform.
Also, in addition to expanding its safety staff with additional Site Safety and Health Officers (SSHO), Designated Safety Representatives, and a dedicated Field Safety Advisor, Dutra recently equipped all field personnel with Type II hard hats and crush- and cut-resistant gloves. The company also strengthened hazard awareness and communication by implementing weekly safety alerts focused on lessons learned and corrective actions.
These initiatives represent the next phase in an ongoing effort, not an endpoint. The Dutra Group remains firmly committed to maintaining high awareness of workplace safety and reinforcing the principle that safety is our number one core value. As we enter 2026, we do so with a strengthening safety record and a clear mandate to convert lessons learned into lasting, field-level change. Above all, our priority is straightforward: every employee goes home safe and healthy at the end of every shift.
In the end, we understand that Dutra’s ability to remain competitive will ultimately be driven by its stellar safety metrics. Low Total Recordable
Incident Rates, Lost Time Incident Rates, and Experience Modifier Rates that are all strong indicators of a growing safety program and a workforce dedicated to safety. Dutra’s metrics have remained lower than the national average since 2018. This progress is supported by the fact that Dutra experienced 35% fewer total injuries company-wide compared to 2024, but positive safety metrics are only half the picture. Despite the challenges of an inherently dangerous field, Dutra must continue to pride itself on pushing its safety culture to the forefront and going the distance to protect both its employees and the public. Be sure to keep up to date on Dutra’s safety initiatives at our website: www.dutragroup.com/safety
a word from equipment
Before anything else, preparation is the key to starting a successful year and building successful projects. 2026 will be no different.
The Equipment team has already spent many months working hand-in-hand with the operations teams, the safety department, purchasing teams to acquire and prepare parts and equipment, accounting, and of course the executive team to develop and execute a winning strategy for getting it all done.
Now, as we actually move into the year, turning another page in our calendars in support of some increasingly complex projects and technological advancements, no subject is more prevalent at Dutra right now than the Fleet Recapitalizations we have been undergoing in recent years, and those we look to build to support that future.
First, we have recently spent several years developing a suitable Trailing Suction Hopper Dredge with a World Class Builder and Equipment Provider, the Royal IHC Group. We have also partnered
with an Industry Giant, Eastern Shipbuilding Group that will build this state-of-the-art vessel to carry the Dutra Flag into the future with its ability to load, pump, maneuver and operate in a fuel-efficient and environmentally friendly manner named the ADELE.
The ADELE will be built at Eastern’s Panama City Allanton Yard and completed at their Port St. Joe Yard. She will have IHC’s latest advancements in Pump Technology, Mission Master human initiated autonomous dredging/sailing and Condition Monitoring Systems. We have added many crew amenities and Cranes/Trollies for ease of Service Work throughout the ship.
In another forward-facing development, we are building an electric Liebherr e8300, Duty Cycle Dredge. We developed this new asset with our partner Liebherr to manufacture this new 8300 similar to our Dredge Harry S, only with electric motors in lieu of internal combustion engines in order to meet project and environmental
requirements. We have also built an electrical infrastructure aboard our vessel “Morty” to payout cable to a shore-side substation or be operated by way of environmentally friendly diesel generators for future projects. These machines will come online in 2026 and are in accompaniment with other equipment we introduced in our fleets that will provide a low cost, high capacity, and maximum up-time to address the complex projects we will encounter for many years to come.
These are two of the highlights so far this year, but as in years past, our mission in Equipment stretches across three coasts, twenty-four hours a day, and a sprawling fleet of both floating and rolling stock. We anticipate what we can and prepare for the unexpected.
Everything is business as usual. Please watch for updates on our activities and more in-depth stories about the Equipment Division throughout the year at: www.dutragroup.com/equipment
Careers
2026 Career Advancement Programs
The Dutra Group is already looking ahead with excitement to the Summer Internship Program for 2026, anticipating another outstanding class of students from universities such as Chico State, Cal Poly, Sacramento State, Michigan State, and more.
What began as a primarily operations-focused initiative has now expanded significantly to include internship opportunities in Accounting, IT, Legal, and beyond. This broadening of disciplines has proven invaluable, creating strong candidate pipelines for hard-to-fill roles, enriching project teams with diverse skill sets, and deepening understanding of the full scope of our business among students considering long-term careers at Dutra.
The value of hands-on learning remains at the heart of the program. Interns gain real-world experience at active job sites and vessels, tour cornerstone operations, and build lasting relationships with their peers and mentors. The class of 2025 set a high bar with 17 students contributing to projects from Florida to Alabama to the Sacramento Delta, making it our most diverse and accomplished group to date.
With an average employee tenure of over 15 years, investing in future talent is essential to sustaining Dutra’s long-standing culture. The internship program continues to be one of the company’s most effective hiring tools, introducing students to our work, our people, and our values.
Vice President of Human Resources Patty Dutra Bruce credits its success to strong outreach and growing reputation.
“Over the past decade Dutra’s intern program has tripled in size. The commitment of our students matches our own, and the results have been inspiring.”
Climb Program
Investing in existing employees also remains a high priority. In March 2026, Dutra will proudly launch the fourth class of its CLIMB Program, Continued Leadership Instruction for Managing Business. After a three-year break, CLIMB returns with renewed focus, offering customized
leadership and business development training. With 50 graduates to date, including all current Vice Presidents and nearly all Division and Department Managers, the program remains central to Dutra’s commitment to developing leaders from within.
Also What's Happening in 2026
Throughout the year, The Dutra Group will also continue to recognize the contributions of Women in Construction and the impact our talented women employees make in the heavy civil industry. By attending and hosting WIHC networking events open to all Dutra colleagues, the women of Dutra are advancing their own opportunities and putting their stamp on the industry.
And once again this year, everyone is looking forward to participating in the 10th annual Dutra Museum Foundation Golf outing. The event aims to raise funds for Dutra’s higher education scholarships awarded annually through the Portuguese Historical Society and Rio Vista High School and partners with the North Bay Children’s Center (NBCC) as its charity beneficiary. This year’s outing takes place on Aug 17.
Year in Review
