Earnings summaries and quarterly performance for QUANTA SERVICES.
Executive leadership at QUANTA SERVICES.
Earl C. (Duke) Austin, Jr.
Detailed
Chief Executive Officer
CEO
Donald C. Wayne
Detailed
Executive Vice President and General Counsel
Gerald A. (BJ) Ducey, Jr.
Detailed
President – Strategic Operations
Jayshree S. Desai
Detailed
Chief Financial Officer
Karl W. Studer
Detailed
President – Electric Power
Paul M. Nobel
Detailed
Senior Vice President and Chief Accounting Officer
Board of directors at QUANTA SERVICES.
Bernard Fried
Detailed
Director
Doyle N. Beneby
Detailed
Chairman of the Board
Holli C. Ladhani
Detailed
Director
Jo-ann M. dePass Olsovsky
Detailed
Director
Martha B. Wyrsch
Detailed
Director
R. Scott Rowe
Detailed
Director
Raúl J. Valentín
Detailed
Director
Warner L. Baxter
Detailed
Director
Worthing F. Jackman
Detailed
Director
Research analysts who have asked questions during QUANTA SERVICES earnings calls.
Brian Brophy
Stifel Financial Corp
6 questions for PWR
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Jamie Cook
Truist Securities
6 questions for PWR
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Sangita Jain
KeyBanc Capital Markets
6 questions for PWR
Also covers: ACM, CTRI, DY +9 more
Steven Fisher
UBS
6 questions for PWR
Also covers: ACM, AGCO, BBCP +22 more
Adam Thalhimer
Thompson, Davis & Company, Inc.
5 questions for PWR
Also covers: ACM, AZZ, CX +17 more
Ati Modak
Goldman Sachs
5 questions for PWR
Also covers: AESI, AGX, AR +11 more
Justin Hauke
Robert W. Baird & Co.
5 questions for PWR
Also covers: ABM, BBCP, BWMN +10 more
Ameet Thakkar
BMO Capital Markets
4 questions for PWR
Also covers: BE, BLDP, FLNC +6 more
Drew Chamberlain
JPMorgan Chase & Co.
4 questions for PWR
Also covers: AGX, ARRY, CTRI +3 more
Julien Dumoulin-Smith
Jefferies
4 questions for PWR
Also covers: AEE, AEP, AES +54 more
Andrew Kaplowitz
Citigroup
3 questions for PWR
Also covers: ACM, AOS, APG +29 more
Chad Dillard
AllianceBernstein
3 questions for PWR
Also covers: CAT, CMI, DE +6 more
Michael Dudas
Vertical Research Partners
3 questions for PWR
Also covers: AA, ACM, ARCH +15 more
Phil Shen
ROTH Capital
3 questions for PWR
Also covers: DQ
Sherif El-Sabbahy
Bank of America
3 questions for PWR
Also covers: ALSN, BLBD, CTRI +6 more
Steve Fleishman
Wolfe Research, LLC
3 questions for PWR
Also covers: AEP, CEG, CNP +11 more
Alex Rygiel
Texas Capital Securities
2 questions for PWR
Also covers: BLDR, BWMN, BZH +10 more
Andy Kaplowitz
Citigroup Inc.
2 questions for PWR
Also covers: ACM, APG, ATKR +9 more
Auguste Richard
Northland Capital Markets
2 questions for PWR
Also covers: AIP, AMBA, BURU +12 more
Brent Tillman
D.A. Davidson
2 questions for PWR
Charles Albert Dillard
Bernstein
2 questions for PWR
Also covers: CAT, CMI, DE +6 more
Joe Osha
Guggenheim Partners
2 questions for PWR
Joseph Osha
Guggenheim Partners
2 questions for PWR
Also covers: AMRC, ARRY, CHPT +11 more
Laura Maher
B.Riley Securities
2 questions for PWR
Also covers: BWMN, DY, NPKI +2 more
Maheep Mandloi
Mizuho Financial Group
2 questions for PWR
Also covers: ARRY, BE, CSIQ +10 more
Marc Bianchi
TD Cowen
2 questions for PWR
Also covers: BKR, FTI, GTLS +6 more
Mike Dudas
Vertical Research Partners
2 questions for PWR
Also covers: J, MLM
Nick Amicucci
Evercore ISI
2 questions for PWR
Also covers: BE, FRMI, NEE +1 more
Philip Shen
ROTH MKM
2 questions for PWR
Also covers: ARRY, CSIQ, DQ +12 more
Steven Fleishman
Wolfe Research
2 questions for PWR
Also covers: AEP, CEG, CNP +18 more
Alexander Rygiel
B. Riley Securities
1 question for PWR
Also covers: ATKR, BLDR, BZH +8 more
Chris Senyek
Wolfe Research, LLC
1 question for PWR
Also covers: BE, ECG, NATL
Laura Mayer
B. Riley Securities, Inc.
1 question for PWR
Liam Burke
B. Riley Financial
1 question for PWR
Also covers: ALTG, BWMN, CCEC +22 more
Spark Lee
Jefferies
1 question for PWR
Recent press releases and 8-K filings for PWR.
Quanta Services outlines growth strategy and key partnerships
PWR
Guidance Update
New Projects/Investments
M&A
- Quanta positions itself as a total solutions provider, leveraging a fungible workforce and vertical supply-chain investments (transformers, poles) to serve both utility and technology markets.
- Recent acquisitions—Cupertino (data-center electrical) and Dynamic Systems (mechanical fabrication)—have been accretive, expanding Quanta’s reach into AI, data-centers, renewables and semiconductor projects while maintaining core utility services.
- A multi-year, fixed-price joint venture with NiSource de-risks combined-cycle generation contracts, will begin engineering in late 2026, and ramp major builds in 2027–2028.
- Partnership with AEP to co-develop 765 kV transmission lines under a $70 billion capital framework aims to standardize high-voltage build capabilities across RTOs beyond just AEP.
- Targets 10–20% adjusted EPS compound growth over the next 5–10 years, supported by mid-teens organic revenue growth, record backlog, and an investment-grade “fortress” balance sheet.
7 days ago
Quanta Services outlines growth strategy and market opportunities
PWR
New Projects/Investments
Guidance Update
M&A
- Quanta leverages a skilled, fungible workforce at scale to provide integrated utility and technology solutions, focusing on generation and labor certainty to deliver comprehensive projects.
- Supply chain vertical integration through transformer and pole facility acquisitions enhances flexibility and returns, allowing Quanta to address client supply constraints such as tariffs and component shortages.
- Organic business growth runs at 5–8% annually, while acquisitions typically grow over 50% in the first 12 months, supporting mid-teens EPS compound growth targets.
- The company self-performs 80–85% of work and operates 3 million sq ft of prefabrication facilities, driving margins and offering supply chain services to external clients.
- Strategic partnerships—including the NiSource generation JV (ramping 2027–2033) and AEP 765 kV transmission collaboration—demonstrate de-risked, multi-year project delivery and backlog expansion.
7 days ago
Quanta Services reports Q3 2025 results
PWR
Earnings
Guidance Update
Debt Issuance
- Quanta Services delivered Q3 revenues of $7.6 billion, net income of $339 million (or $2.24 per diluted share), adjusted EPS of $3.33, adjusted EBITDA of $858 million, and free cash flow of $438 million in Q3 2025.
- Backlog reached a record $39.2 billion, with double-digit growth in revenue, adjusted EBITDA, and adjusted EPS; raised full-year 2025 revenue guidance to $27.8–28.2 billion and free cash flow guidance to $1.5 billion at the midpoint.
- Issued $1.5 billion of notes to recapitalize the balance sheet at an interest rate ~40 basis points lower than its prior issuance, enhancing liquidity following the Dynamic Systems acquisition.
- Announced the expansion of its Total Solutions power generation platform and a 50/50 joint venture with NiSource to design, procure, and construct generation resources capable of producing approximately 3 gigawatts of power.
Oct 30, 2025, 1:00 PM
Quanta Services reports Q3 2025 results
PWR
Earnings
Guidance Update
New Projects/Investments
- Q3 2025 revenue of $7.6 billion, net income of $339 million ($2.24 EPS), adjusted EBITDA of $858 million and free cash flow of $438 million; record backlog reached $39.2 billion.
- Raised full-year 2025 revenue guidance to $27.8–28.2 billion and free cash flow target to $1.5 billion; expects record backlog and double-digit EPS growth in 2026.
- Launched “Total Solutions” power generation platform and formed a 50/50 joint venture with Zachry to develop generation projects, including a 3 GW award from NiSource for design-procurement-construction work.
- Issued $1.5 billion of notes at ~40 bps lower interest to recapitalize the balance sheet, enhance liquidity and maintain its investment-grade rating.
- Achieved double-digit YoY growth across revenue, adjusted EBITDA and adjusted EPS, driven by accelerating demand in the electric segment and a growing pipeline of high-voltage transmission LNTPs (none yet in backlog).
Oct 30, 2025, 1:00 PM
Quanta Services reports Q3 2025 results
PWR
Earnings
Guidance Update
Debt Issuance
- Q3 revenues of $7.6 billion, net income of $339 million (EPS $2.24), adjusted EPS of $3.33, and adjusted EBITDA of $858 million.
- Raised 2025 guidance: full-year revenue to $27.8 billion–$28.2 billion and free cash flow to $1.5 billion midpoint; Q3 free cash flow was $438 million.
- Issued $1.5 billion of notes at ~40 bps lower interest to strengthen liquidity post-Dynamic Systems acquisition.
- Record backlog of $39.2 billion; unveiled a Total Solutions power generation platform and secured a ~3 GW project for NiSource.
- Expect JV project revenues to begin in H2 2026 and forecast another year of double-digit adjusted EPS growth in 2026.
Oct 30, 2025, 1:00 PM
Quanta Services reports Q3 2025 results and guidance update
PWR
Earnings
Guidance Update
New Projects/Investments
- Revenues of $7.63 billion in Q3 2025, GAAP diluted EPS of $2.24 and adjusted diluted EPS of $3.33, with net income of $339.4 million.
- Record backlog: Remaining Performance Obligations of $21.0 billion and Total Backlog of $39.2 billion as of Q3 2025.
- Selected by NiSource to provide power generation and grid infrastructure solutions for a ~3 GW large load customer through a Quanta–Zachry joint venture, highlighting its expanded total solutions platform.
- Raised full-year 2025 guidance: revenue of $27.8 bn–$28.2 bn, diluted EPS of $6.53–$7.02, adjusted diluted EPS of $10.33–$10.83, and adjusted EBITDA of $2.77 bn–$2.88 bn.
Oct 30, 2025, 10:58 AM
Quanta Services expands total solutions platform and selected by NiSource for 3 GW power project
PWR
New Projects/Investments
- Quanta Services expanded its total solutions power generation platform, leveraging its craft-skilled workforce and a track record of constructing over 80,000 MW of generation capacity.
- NiSource has selected Quanta and Zachry Group to deliver design, procurement and construction of combined cycle gas generation and grid infrastructure for a large load customer, providing approximately 3 GW of power.
- Quanta holds a 50% ownership interest in the joint venture with Zachry, which combines Quanta’s field-level execution capabilities and Zachry’s over five decades of gas power plant experience.
- The project’s scope and estimation phase has commenced, with execution expected in 2026 and full power availability and completion targeted by 2032.
Oct 30, 2025, 10:56 AM
Quanta Services reports Q3 2025 results
PWR
Earnings
M&A
New Projects/Investments
- Quanta Services delivered $7.63 B in Q3 2025 revenue, up 18% YoY, with GAAP diluted EPS of $2.24 and adjusted EPS of $3.33.
- Net income attributable to common stock was $339.4 M, adjusted EBITDA $858.3 M, YTD operating cash flow $1.1 B, free cash flow $726.3 M, and total backlog of $39.2 B.
- Selected by NiSource for design, procurement and construction of generation and infrastructure resources to deliver approximately 3 GW of power for a large load customer.
- Acquired Dynamic Systems to expand mechanical, plumbing and process infrastructure capabilities, and repurchased 538,559 shares for $134.6 M year-to-date, with $365.1 M remaining under its buyback program.
Oct 30, 2025, 10:55 AM
Quanta Services issues $1.5B of senior notes due 2028, 2031 and 2035
PWR
Debt Issuance
- On August 7, 2025, Quanta Services issued $500 million of 4.300% Senior Notes due 2028, $500 million of 4.500% Senior Notes due 2031 and $500 million of 5.100% Senior Notes due 2035 under an underwriting agreement dated August 4, 2025.
- The Notes bear interest payable semi-annually—4.300% on the 2028 Notes, 4.500% on the 2031 Notes and 5.100% on the 2035 Notes—and mature on August 9, 2028; January 15, 2031; and August 9, 2035, respectively.
- These senior unsecured Notes rank pari passu with existing and future senior unsecured debt, are structurally subordinated to subsidiary obligations and effectively junior to secured indebtedness.
Aug 7, 2025, 12:00 AM
Quanta Services prices $1.5B senior notes offering
PWR
Debt Issuance
- Quanta Services, Inc. priced a $1.5 billion senior notes offering: $500 million of 4.300% notes due 2028 at 99.963%, $500 million of 4.500% notes due 2031 at 99.731%, and $500 million of 5.100% notes due 2035 at 99.705%.
- The offering is expected to close on August 7, 2025, and net proceeds will be used to repay existing indebtedness under its commercial paper program and senior credit facility.
- The notes carry yields of 4.313%, 4.557%, and 5.138%, and are rated Baa3/BBB/BBB by Moody’s, S&P and Fitch .
Aug 5, 2025, 12:00 AM
Quarterly earnings call transcripts for QUANTA SERVICES.
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