Cardinal Infrastructure (CDNL) reported Q1 earnings Tuesday of $0.23 per diluted share.

Two analysts polled by FactSet expected $0.18.

Revenue for the quarter ended March 31 was $167.5 million, compared with $81.8 million a year earlier.

Two analysts surveyed by FactSet expected $126.6 million.

For 2026, the company expects revenue of $675 million to $685 million, compared with its prior guidance of $665 million to $678 million. Two analysts polled by FactSet expect $672 million.

Shares of the company were up 3.2% in Tuesday's premarket activity.