Quanta Services, Inc. provides specialized infrastructure solutions for utility, power generation, load center, communications, pipeline and energy customers. Its services include designing, installing, repairing and maintaining energy, load center and communications infrastructure across the United States, Canada, Australia and select international markets.
Company updates commonly cover quarterly results, backlog, margin performance, financial guidance, dividends, investor presentations and project-execution conditions such as weather, permitting, regulation and supply-chain timing. News also includes completed acquisitions that expand Quanta’s electrical infrastructure, load center, electric utility and aviation service capabilities, including Tri-City Group, Wilson Construction Company and Billings Flying Service.
Quanta Services (NYSE: PWR) reported third-quarter 2026 revenue of $12.01 billion, with earnings and cash flow also reaching records. Revenue compared with $7.63 billion a year earlier. Net income attributable to common stock rose to $694.9 million from $339.4 million, while diluted earnings per share increased to $4.55 from $2.24. Adjusted diluted earnings per share, a non-GAAP measure, reached $6.06 versus $3.33.
Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. Remaining performance obligations, representing contracted work, totaled $41.8 billion, while total backlog reached $63.7 billion. Quanta raised its full-year 2026 financial expectations across all metrics and sees an opportunity for double-digit adjusted earnings-per-share growth in 2027. Two acquisitions completed in September and October cost approximately $245 million, including cash and common stock.
Quanta Services (NYSE: PWR) will release its third quarter 2026 financial results before the market opens on October 29, 2026.
A webcast and conference call will follow at 9:00 a.m. Eastern time. Supplemental earnings materials will be posted shortly after the release on its Investor Relations website. Management intends to use the Operational and Financial Commentary largely in place of prepared remarks, allowing additional time for institutional investor questions. A webcast archive will be available shortly after the call.
Quanta Services (PWR) appointed Ellen Rubin to its Board of Directors, adding technology-focused leadership and public company board experience.
Rubin is an Operating Partner at Glasswing Ventures, a venture capital firm investing in AI and frontier technologies, a position she has held since January 2025. She previously founded and served as Chief Executive Officer of AI software company Causely from January 2022 to August 2024 and led Hybrid Cloud Storage Services as General Manager at Amazon Web Services from January 2020 to June 2021. Earlier, she founded and was Chief Executive Officer of enterprise hybrid cloud storage company ClearSky Data from January 2014 to December 2019. Rubin has also served as a director of Allegion (ALLE), a global security and access solutions provider, since June 2023.
Quanta Services provides specialized infrastructure solutions for utility, power generation, load center, communications, pipeline and energy industries across the United States, Canada, Australia and select other international markets.
Quanta Services (PWR) declared a quarterly cash dividend of $0.11 per share. This equals an annualized dividend rate of $0.44 per share. The dividend will be paid on October 9, 2026 to shareholders of record as of October 1, 2026.
Quanta Services (NYSE: PWR) priced an offering of $2.0 billion in senior notes, consisting of $500 million of 4.850% notes due 2029 priced at 99.950% of face value, $750 million of 5.300% notes due 2033 priced at 99.757%, and $750 million of 5.550% notes due 2036 priced at 99.696%.
The offering is expected to close on August 6, 2026, subject to customary conditions. According to Quanta, net proceeds will be used for general corporate purposes, including repaying outstanding borrowings under its commercial paper program and senior credit facility. The notes are issued under an effective Form S-3 shelf registration.
Quanta Services (NYSE: PWR) reported second quarter 2026 revenues of $9.56 billion, up from $6.77 billion a year earlier. GAAP diluted EPS was $2.96 versus $1.52, and adjusted diluted EPS was $4.24 versus $2.48. Net income attributable to common stock was $451.4 million.
According to Quanta Services, adjusted EBITDA reached $1.1 billion, operating cash flow was $1.1 billion and free cash flow was $0.9 billion, all record quarterly or record second-quarter results. Remaining performance obligations were $33.6 billion and total backlog was $53.4 billion. The company significantly increased full-year 2026 financial expectations across all metrics.
Quanta acquired Phalcon, Percheron and PSD in Q2 2026 and Enerfab in July, expecting combined 2026 contributions of $1.2–$1.4 billion of revenue and $120–$140 million of adjusted EBITDA. Upfront consideration was about $1.24 billion (including $1.07 billion in cash and $173.3 million in stock), plus up to $242.3 million of contingent payments.
Quanta Services (NYSE:PWR) reported that it was named the top U.S. solar solutions provider for 2026 by Solar Power World, marking its third such recognition in four years. According to Quanta Services, its operating companies installed more than 6,100 megawatts of domestic solar generating capacity in 2025.
Quanta Services (NYSE:PWR) will release its second quarter 2026 financial results on Thursday, July 30, 2026, before the market opens, and host an earnings webcast and conference call at 9:00 a.m. Eastern time the same day.
Shortly after the release, Quanta will post supplemental earnings materials, including its Second Quarter 2026 Operational and Financial Commentary, on the Investor Relations section of its website. This commentary is intended to largely replace management's prepared remarks, allowing more time for Q&A with institutional investors during the webcast.
The webcast will use Zoom Webinar; investors must register via Quanta's Investor Relations website to access the event and receive optional phone dial-in details and a Participant ID. A webcast archive will be available shortly after the call on the same website. Investor inquiries can be directed to Kip Rupp or Sean Eastman at Quanta Services via the main phone number.
Quanta Services (NYSE:PWR) declared a quarterly cash dividend of $0.11 per share, or $0.44 annually, payable July 13, 2026 to shareholders of record on July 1, 2026.
The board also approved a new $1 billion stock repurchase program, replacing an existing plan expiring June 30, 2026.
Quanta Services (NYSE:PWR) appointed Joseph Kim to its Board of Directors, effective May 22, 2026. Kim brings executive leadership, supply chain and logistics expertise, and deep energy-industry experience. He currently serves as President, CEO and director of Sunoco GP, general partner of Sunoco LP.