PWR · 10-Q · 2026Q3

QUANTA SERVICES, INC.

Filed 2026-10-29 · Other · View original filing on EDGAR

Everything PWR's SEC filings said, ranked

Ranked Events

• Guidance / OutlookImportance 81 · Surprise 64
  Management expects strong demand for Quanta’s services to continue. As of September 30, 2026, remaining performance obligations were $41.75 billion and backlog was $63.73 billion, increases of 75.7% and 44.9%,…
• Backlog and Book-to-BillImportance 81 · Surprise 64
  At September 30, 2026, remaining performance obligations were $41.753 billion, up 75.7% from December 31, 2025, and backlog was $63.732 billion, up 44.9%. Electric backlog totaled $51.885 billion, including $37.358…
• Capital Expenditure OutlookImportance 75 · Surprise 64
  Quanta expects substantial capital expenditures, equipment purchases, equipment lease and rental arrangements, and strategic manufacturing facility expansions for the foreseeable future to meet anticipated demand.…
• Revenue Performance and MixImportance 75 · Surprise 64
  Third-quarter 2026 consolidated revenue increased 57.4% year over year to $12.015 billion, including $9.800 billion from Electric and $2.215 billion from Underground and Infrastructure. For the nine months ended…
• Strategic InitiativesImportance 64 · Surprise 56
  Quanta expects to continue pursuing strategic acquisitions and investments, although it says it cannot predict their timing or cash requirements. Acquisitions accounted for $1.10 billion of investing cash use in the…
• Liquidity and Debt PositionImportance 64 · Surprise 42
  At September 30, 2026, Quanta had $2.315 billion of cash and cash equivalents and $2.896 billion of available commitments under its senior credit facility, for total available liquidity of $5.211 billion. In July 2026,…
• Capital ExpendituresImportance 63 · Surprise 64
  Capital expenditures were $719.0 million in the nine months ended September 30, 2026, up from $415.6 million in the prior-year period, an increase of approximately 73%. The 2026 investing cash outflow also included…
• Operating Cash Flow TrendsImportance 63 · Surprise 64
  Net cash provided by operating activities increased 167% to $2.941 billion for the nine months ended September 30, 2026, from $1.102 billion in the comparable 2025 period. Management attributed the cash flows primarily…
• Gross Margin DriversImportance 63 · Surprise 64
  Consolidated gross profit increased 52.4% to $4.661 billion for the nine months ended September 30, 2026, and gross margin improved to 15.8% from 14.8%. Third-quarter gross margin rose to 16.7% from 15.9% as revenue…
• Issuance of Senior Unsecured NotesImportance 58 · Surprise 42
  In August 2026, Quanta issued $2.00 billion aggregate principal amount of senior notes and received $1.98 billion of net proceeds after discounts and deferred financing costs. A portion of the proceeds repaid…
• Operating Expense TrendsImportance 55 · Surprise 56
  Selling, general and administrative expense increased 31.8% to $2.103 billion for the nine months ended September 30, 2026. The increase included $230.9 million of higher compensation expense, largely from increased…
• Manufacturing and CapacityImportance 52 · Surprise 42
  Quanta says anticipated demand for its services will require substantial capital expenditures and equipment purchases for the foreseeable future. It also expects equipment lease and rental arrangements and strategic…
• Acquisitions and DivestituresImportance 52 · Surprise 42
  During the nine months ended September 30, 2026, Quanta completed five business acquisitions, paying $1.10 billion in net cash consideration, funded with cash, existing debt financing and proceeds from senior notes.…
• AI Infrastructure DemandImportance 23 · Surprise 24
  Quanta reports strong utility-customer demand for electric power delivery infrastructure, which it believes is driven partly by rising electricity needs from data centers and other technology-related activity. It also…
• Electric Infrastructure DemandImportance 23 · Surprise 24
  Quanta reported strong demand for Electric services, driven by utility investment in multi-year grid modernization, reliability, system upgrade and hardening programs. Demand is also strong for new and expanded…
• Subcontracting and Materials ProcurementImportance 11 · Surprise 6
  Quanta has subcontracted approximately 15% to 20% of its work to other service providers in recent years; subcontracted work generally yields lower margins. Under certain contracts, including engineering, procurement…
• Project Demand VariabilityImportance null · Surprise 24
  Some customer agreements, including MSAs, do not commit customers to specific service volumes, so assigned work can fluctuate by region and period. Demand may shift with customer financial conditions, capital spending…
• Industrial and Infrastructure DemandImportance null · Surprise 24
  Quanta characterized demand for industrial solutions and gas utility and pipeline integrity services as solid, supported by recurring critical-path maintenance and regulated spending to modernize systems, reduce…

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