-

Centennial Asphalt Company Acquires Liquid Asphalt Terminal in Bakersfield

WATSONVILLE, Calif.--(BUSINESS WIRE)--Centennial Asphalt Company, a wholly owned subsidiary of Granite Construction Incorporated (NYSE:GVA), has completed the purchase of a liquid asphalt terminal. The facility, located in Bakersfield, California, provides 170,000 barrels of liquid asphalt storage.

“Centennial Asphalt will support customers across California,” said Brad Estes, vice president of construction materials. “This liquid asphalt terminal will enhance our Home Market Strategy by expanding into high-quality polymer modified asphalt, emulsions, and neat asphalt.”

“Our Bakersfield terminal’s central location is a huge asset for Centennial Asphalt and the asphalt market,” added Rob Carter, director of asphalt and emulsions.

The terminal is accessible by both truck and rail. The additional flexibility provided by the terminal is also expected to allow Centennial to expand into new, more sustainable product offerings such as asphalt modified with recycled materials.

About Granite

Granite Construction Incorporated (together with its wholly-owned and consolidated subsidiaries, “Granite”, “Company”, “we”, “our” or “us”) is America’s Infrastructure Company™. Our Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. We are an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

Contacts

Media
Erin Kuhlman - 831-768-4111

Investors
Wenjun Xu - 831-761-7861

Industry:

Granite Construction Incorporated

NYSE:GVA
Release Versions
English

Contacts

Media
Erin Kuhlman - 831-768-4111

Investors
Wenjun Xu - 831-761-7861

More News From Granite Construction Incorporated

Granite Declares Quarterly Dividend

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on October 15, 2026, to all shareholders of record at the close of business on September 30, 2026. About Granite Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States...

Granite Awarded Two Medicine Road Rehabilitation Project in Glacier National Park

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded a contract by the Federal Highway Administration’s Western Federal Lands Highway Division (WFL) to rehabilitate Two Medicine Road in Glacier National Park, Montana. The contract is a partnership between WFL, the National Park Service, and the Blackfeet Nation, and is valued at approximately $23.7 million, and will be included in Granite’s third quarter CAP. This project will rehabilitate 7.22 miles...

Granite Awarded Burke-Gilman Trail Project in Seattle

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded a progressive design build (PDB) contract by the University of Washington (UW) for the Burke-Gilman Trail Transit Access, Safety Efficiency Improvements Project. The total construction value is approximately $12.3 million. The project was included in Granite’s second quarter 2026 CAP. The Burke-Gilman Trail is a popular recreational trail stretching roughly 20 miles through Seattle. The project wil...
Back to Newsroom