Quanta Services Announces Quarterly Cash Dividend and New $1 Billion Stock Repurchase Program

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.

Rhea-AI Summary

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.

Positive

• New stock repurchase authorization of up to $1 billion
• Quarterly dividend of $0.11 per share, or $0.44 annually
• Prior buybacks of 540,788 shares for approximately $135 million

Negative

• Share repurchases are discretionary with no obligation to buy a specific amount
• Board may modify or terminate the new repurchase program at any time without notice

Argus May 22 session

+0.91% close to close Open Argus

Details

News Market Reaction – PWR

On May 22, the day this news came out, PWR closed 0.91% above the previous close.

Data tracked by StockTitan Argus for the May 22 session.

Key Figures

Quarterly dividend: $0.11 per share Annualized dividend rate: $0.44 per share New repurchase authorization: $1 billion +2 more

Quarterly dividend

$0.11 per share

Declared May 22, 2026; payable July 13, 2026

Annualized dividend rate

$0.44 per share

Based on current quarterly dividend

New repurchase authorization

$1 billion

Maximum common stock repurchases under new program

Shares repurchased

540,788 shares

Acquired under existing program expiring June 30, 2026

Repurchase spend

$135 million

Total cost of shares bought under existing program

Historical Context

4 past events · Latest: May 19

4 events

1. May 19

   Investor conferences

   24h Move

   +0.3%

   Management participation in multiple institutional investor conferences and meetings.

2. Apr 30

   Earnings beat, guidance

   24h Move

   +15.8%

   Strong Q1 2026 results with raised full‑year revenue, EPS and EBITDA guidance.

3. Apr 15

   Earnings schedule

   24h Move

   -0.4%

   Announcement of Q1 2026 earnings release date and webcast logistics.

4. Mar 20

   Dividend declaration

   24h Move

   -3.9%

   Quarterly cash dividend of $0.11 per share, annualized at $0.44 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

stock repurchase program, common stock

2 terms

stock repurchase program financial

"authorized a new stock repurchase program that authorizes the company to purchase..."

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

common stock financial

"up to $1 billion of its outstanding common stock. Under the company's existing..."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, May 22, 2026 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.11 per share, or a rate of $0.44 per share on an annualized basis. The dividend is payable on July 13, 2026, to stockholders of record as of July 1, 2026.

Additionally, the Board of Directors, in support of management's request, has authorized a new stock repurchase program that authorizes the company to purchase, from time to time, up to $1 billion of its outstanding common stock. Under the company's existing stock repurchase program, which expires June 30, 2026, the company has acquired 540,788 shares of its outstanding common stock in the open market for a total cost of approximately $135 million.

Repurchases may be implemented through open-market or privately negotiated transactions, at management's discretion, based on market and business conditions, applicable contractual and legal requirements and other factors. Quanta is not obligated to acquire any specific amount of common stock, and Quanta's Board of Directors may modify or terminate the new repurchase program at any time at its sole discretion and without notice.

About Quanta Services
Quanta Services is an industry leader in providing specialized infrastructure solutions to the utility, power generation, load center, communications, pipeline, and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy, load center and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.

Cautionary Statement About Forward-Looking Statements and Information 
This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include, but are not limited to, statements relating to expectations regarding the declaration, amount or timing of any future dividends; expectations regarding Quanta's business or financial outlook; Quanta's ability to deliver increased value or return capital to stockholders; and future capital allocation initiatives, including the amount and timing of, and strategies with respect to, any future cash dividends or repurchases of our equity securities; as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. These forward-looking statements are not guarantees of future performance, involve or rely on a number of risks, uncertainties, and assumptions that are difficult to predict or are beyond our control, and reflect management's beliefs and assumptions based on information available at the time the statements are made. We caution you that actual outcomes and results may differ materially from what is expressed, implied or forecasted by our forward-looking statements and that any or all of our forward-looking statements may turn out to be inaccurate or incorrect. Forward-looking statements can be affected by inaccurate assumptions and by known or unknown risks and uncertainties, including, among others, market, industry, economic, financial or political conditions outside of the control of Quanta, quarterly variations in operating results, liquidity, financial condition, cash flows, capital requirements, reinvestment opportunities or other financial results; requirements relating to dividends under Delaware law and the credit agreement for Quanta's senior credit facility; fluctuations in the price and trading volume of Quanta's common stock; and other risks and uncertainties detailed in Quanta's Annual Report on Form 10-K for the year ended December 31, 2025, Quanta's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and any other documents that Quanta files with the Securities and Exchange Commission (SEC). For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's website at www.quantaservices.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at www.sec.gov. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Quanta further expressly disclaims any written or oral statements made by any third party regarding the subject matter of this press release.

Investors:
Kip Rupp, CFA, IRC
Sean Eastman                   
Quanta Services, Inc.
(713) 341-7260

 

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SOURCE Quanta Services, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Quanta Services (PWR) declare on May 22, 2026?

Quanta Services declared a quarterly cash dividend of $0.11 per share, or $0.44 annually. According to the company, it will be paid July 13, 2026 to shareholders of record as of July 1, 2026.

When is the Quanta Services (PWR) July 2026 dividend record and payment date?

The record date for Quanta Services’ dividend is July 1, 2026, with payment on July 13, 2026. According to the company, eligible stockholders on the record date will receive $0.11 per share in cash.

How large is the new Quanta Services (PWR) stock repurchase program?

Quanta Services’ new stock repurchase program authorizes buybacks of up to $1 billion of common stock. According to the company, purchases may occur in open-market or privately negotiated transactions at management’s discretion, subject to market and business conditions.

What happened to Quanta Services’ existing stock buyback program?

Quanta Services’ existing stock repurchase program expires on June 30, 2026. According to the company, it has acquired 540,788 shares for approximately $135 million under that plan, ahead of launching the new $1 billion authorization.

Is Quanta Services (PWR) required to repurchase a set amount of stock?

Quanta Services is not obligated to repurchase any specific amount of common stock. According to the company, repurchases will depend on market conditions and other factors, and the board may change or end the program anytime.

How might the Quanta Services (PWR) buyback and dividend affect shareholders?

The announced $0.11 dividend and $1 billion buyback authorization may support shareholder returns. According to Quanta Services, dividends provide direct cash payouts, while repurchases could reduce share count if executed, potentially benefiting remaining shareholders.