Maybe projects happen, maybe they don't. Could you just remind us or kind of give us some thoughts on how you're prioritizing, basically, how you might allocate capital here as we look out over the next couple of years in terms of M&A, share repurchase etc? The machine has 1200 tons clamping force, which means that we expand our offer to be able to produce products from 1 gr up to 8 kg. Tesla CEO Elon Musk said this summer that it was time to bring the Semi truck to "volume production." I think we could have grown that business a lot faster had we had the people and talent in place. So we just want to thank everybody for participating today. First, we are highly confident that all of the projects in our current backlog will be built. I think that, historically, we've been talking about high single digits. And I was wondering if there's been any cross-over impact from these other segments of your business besides Oil and Gas? And I don't think anything's changed.
This does not represent a change in our shareholder engagement philosophy, and we expect to resume our in-person shareholder meetings next year. Adjusted EBITDA was $166 million.
I think we're getting a lot more comfort about being able to achieve double-digit margins in that segment over time. Thank you. Just given we've got some revenue pushing out of 2020 into 2021, just wanted to get a sense from you on what goes into that commentary from a contingency on project start, timing,etc? In order to attend the virtual Annual Meeting, shareholders of record as of the close of business on March 12, 2020 must register via the internet at www.virtualshareholdermeeting.com/MTZ2020. I was wondering if there's any particular change there. I think there will be some investments in the grid related to that. So I think our customers have gotten a lot smarter around that. We do expect an improvement in the market as conditions improve and demand increases in a post-COVID environment.
Within that, our Oil and Gas revenue expectation is that it will be down approximately $800 million in 2020 from 2019. I think there's going to be multiple opportunities to deliver those. Helpful (1) Flag as Inappropriate Flag as Inappropriate. Biden was leading in key Midwestern states in the race for the White House as votes were being counted on Wednesday afternoon, but President Donald Trump's Republican Party was poised to keep control of the Senate even as Democrats retained their majority in the House of the Representatives.
I think we're going to have a very good second half of the year in our Communications business. A free inside look at company reviews and salaries posted anonymously by employees.
Other tax hikes he has put forward include increasing the statutory corporate income tax rate from 21% to 28%. Aphria Inc. is jumping into the U.S. with the purchase of a craft-beer company that has been a part of stoners' lifestyle for decades. The regulatory system was stifling innovation and must be reformed to fuel growth, billionaire Ma told a summit in Shanghai on Oct. 24 attended by the great and the good of China's financial, regulatory and political establishment. The biggest risks to its guidance are associated with governmental permitting and crew social distancing mitigation, and the impact they may have on project schedules, along with any potential project delays.MasTec faces execution risk. And I think we're in a really advantageous position to have the confidence of our customers and the work of our customers that's going to keep us very healthy through that process. And NextEra Energy, NG, Duke Energy and Enterprise Products were each at 4%.
I also think the market is going to improve. I think it happens because so much of our work has been pushed from 2020 into 2021. 2020-09-16 INSTALLATION AT MASTEC GROUP OF A NEW INJECTION MOLDING MACHINE. just depends on what crew you were on. And this combination affords us full flexibility to invest in strategic opportunities as well as giving us a strong advantage as we navigate through the uncertain economic climate resulting from the COVID-19 pandemic. Here's what its stock chart and earnings show. We will remove this and make the changes needed. Just kind of curious how conservative maybe that next year flat oil and gas revenue might be.
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