Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) saw its stock price surge 5.36% in pre-market trading on Tuesday, following the release of its impressive third-quarter 2025 financial results. The dredging services provider significantly outperformed analyst expectations on earnings per share, despite a slight miss on revenue.

The company reported quarterly earnings of $0.26 per share, handily beating the analyst consensus estimate of $0.17 by 54.76%. This represents a remarkable 100% increase from the $0.13 per share reported in the same period last year. Great Lakes Dredge & Dock's net income for Q3 stood at $17.724 million, while adjusted EBITDA came in at $39.3 million, surpassing the IBES estimate of $31.1 million. The quarterly revenue of $195.205 million, although slightly below expectations, still showed a 2.11% year-over-year increase.

Despite the ongoing government shutdown, Great Lakes Dredge & Dock assured investors that their operations remain unaffected, with full project activities continuing as usual. The company also highlighted its expanding focus, which now includes pipeline and cable protection projects, as well as international offshore wind opportunities. Additionally, Great Lakes announced that the Woodside Louisiana LNG project is expected to commence in early 2026, potentially providing a significant boost to future earnings.