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Released March 26, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Stantec Incorporated (NYSE:STN) (Edmonton, Alberta) is optimistic about its near-term prospects in both Canada and the U.S. The engineering, design and consulting giant is working on some of Canada's largest energy projects, while sidestepping any negative impact from U.S. President Donald Trump's recent moves on tariffs and public investment. Industrial Info is tracking about US$94 billion worth of active and planned projects in Canada and the U.S. featuring Stantec's services, more than 60% of which is attributed to projects in the Oil & Gas and Industrial Manufacturing industries.
Click on the image at right for a graph detailing active and planned projects involving Stantec, by industry.
While Stantec's Canadian projects are led by Shell plc's (NYSE:SHEL) (London, England) US$15.65 Canada LNG project in Kitimat, British Columbia, one of the largest energy investments in Canadian history, the company also is at work on a series of pipeline and terminal projects for TC Energy Corporation (NYSE:TRP) (Calgary, Alberta). These include the multi-phase Valhalla North and Berland River Project, an expansion of its NOVA Gas Transmission Limited system in Alberta.
Stantec is serving as an environmental consultant on the Valhalla project, which involves the construction of a 20.5-mile, US$45 million pipeline loop from Fairview to Grand Prairie, Alberta, which will carry up to 150 million standard cubic feet per day of natural gas, and a US$55 million compressor station in Fox Creek, Alberta. Both projects are set to wrap up toward the end of the year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can read detailed reports on the pipeline loop and compressor station.
Meanwhile, the LNG Canada project, on which Stantec is one of many consultants, is set to receive its first cargo of liquefied natural gas (LNG) as part of its commissioning and start-up phase. Shell recently said it expects to begin exporting natural gas from LNG Canada to Asian markets later this year. Subscribers can learn more from a detailed project report.
Regarding U.S.-based businesses, company executives said they are optimistic that Stantec will avoid any major shocks from Trump's policies. In a recent quarterly earnings-related conference call, Gord Johnston, the chief executive officer of Stantec, said the Trump administration's attempts to reduce U.S. federal spending are not expected to have a major effect on the company's outlook. "The work that we do today for the U.S. federal government is roughly 5% of our overall net revenues and is spread amongst various federal departments," he said. "This work is almost entirely in support of U.S. infrastructure, and this work continues today."
He added: "While there may be some minor disruptions to projects to ensure funding is directed to the new administration's priorities, we have not seen any material impacts to our projects to date. To drive economic growth, we believe addressing macro factors of aging infrastructure, water infrastructure, data centers and energy infrastructure will all still be needed."
Data center infrastructure is becoming a focal point for Stantec's U.S. portfolio, driven by nearly US$7 billion worth of projects for Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington). These include the US$360 million MNZ01 Data Center in Manassas, Virginia, which started construction about one year ago and is expected to wrap up toward the end of this year. Microsoft and Stantec already are preparing the site for a US$360 million second phase, which could be completed as early as next summer. Subscribers can read detailed reports on Phase I and Phase II.
Johnson said he and other executives expect the impact of Trump's proposed tariffs on Canadian products would have a "minimal" effect on Stantec: "A lot of the segments that might be the most impacted aren't segments that we are particularly active in--steel, aluminum, some of the big auto manufacturing, and so on."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of active and planned projects in Canada and the U.S. featuring Stantec's services.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing active and planned projects involving Stantec, by industry.While Stantec's Canadian projects are led by Shell plc's (NYSE:SHEL) (London, England) US$15.65 Canada LNG project in Kitimat, British Columbia, one of the largest energy investments in Canadian history, the company also is at work on a series of pipeline and terminal projects for TC Energy Corporation (NYSE:TRP) (Calgary, Alberta). These include the multi-phase Valhalla North and Berland River Project, an expansion of its NOVA Gas Transmission Limited system in Alberta.
Stantec is serving as an environmental consultant on the Valhalla project, which involves the construction of a 20.5-mile, US$45 million pipeline loop from Fairview to Grand Prairie, Alberta, which will carry up to 150 million standard cubic feet per day of natural gas, and a US$55 million compressor station in Fox Creek, Alberta. Both projects are set to wrap up toward the end of the year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can read detailed reports on the pipeline loop and compressor station.
Meanwhile, the LNG Canada project, on which Stantec is one of many consultants, is set to receive its first cargo of liquefied natural gas (LNG) as part of its commissioning and start-up phase. Shell recently said it expects to begin exporting natural gas from LNG Canada to Asian markets later this year. Subscribers can learn more from a detailed project report.
Regarding U.S.-based businesses, company executives said they are optimistic that Stantec will avoid any major shocks from Trump's policies. In a recent quarterly earnings-related conference call, Gord Johnston, the chief executive officer of Stantec, said the Trump administration's attempts to reduce U.S. federal spending are not expected to have a major effect on the company's outlook. "The work that we do today for the U.S. federal government is roughly 5% of our overall net revenues and is spread amongst various federal departments," he said. "This work is almost entirely in support of U.S. infrastructure, and this work continues today."
He added: "While there may be some minor disruptions to projects to ensure funding is directed to the new administration's priorities, we have not seen any material impacts to our projects to date. To drive economic growth, we believe addressing macro factors of aging infrastructure, water infrastructure, data centers and energy infrastructure will all still be needed."
Data center infrastructure is becoming a focal point for Stantec's U.S. portfolio, driven by nearly US$7 billion worth of projects for Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington). These include the US$360 million MNZ01 Data Center in Manassas, Virginia, which started construction about one year ago and is expected to wrap up toward the end of this year. Microsoft and Stantec already are preparing the site for a US$360 million second phase, which could be completed as early as next summer. Subscribers can read detailed reports on Phase I and Phase II.
Johnson said he and other executives expect the impact of Trump's proposed tariffs on Canadian products would have a "minimal" effect on Stantec: "A lot of the segments that might be the most impacted aren't segments that we are particularly active in--steel, aluminum, some of the big auto manufacturing, and so on."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of active and planned projects in Canada and the U.S. featuring Stantec's services.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
