Form 10-Q · Quarterly report
Quanta Services 10-Q, filed Jul 30, 2026
- Filed
- CIK
- 0001050915
- Accession no.
- 0001050915-26-000025
Summary
Quanta Services reported that its second-quarter 2026 revenues and operating income rose from a year earlier in both its Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions segments, attributing the demand to utility grid modernization and hardening programs, data centers and other technology-related electricity demand, reshoring, and electrification. The company said its backlog reached $53.44 billion and remaining performance obligations $33.55 billion as of June 30, 2026, up 21.5% and 41.2% respectively from December 31, 2025.
Key points
- Net cash provided by operating activities was $1.49 billion for the six months ended June 30, 2026, a 176% increase over the same period in 2025.
- Quanta used $956.9 million of cash for acquisitions and investments in unconsolidated affiliates and paid $33.7 million in common stock dividends during the first half of 2026.
- Available commitments under its senior credit facility plus cash and cash equivalents totaled $2.77 billion as of June 30, 2026.
- Quanta said revenues from large pipeline projects have fluctuated and are expected to continue to fluctuate, while demand for industrial, gas utility and pipeline integrity services remains solid.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Our second quarter 2026 results reflect increased demand for our services, as consolidated revenues and operating income increased as compared to the second quarter of 2025, with increased revenues and operating income in both our Electric Infrastructure Solutions (Electric) and Underground Utility and Infrastructure Solutions (Underground and Infrastructure) segments. With respect to our Electric segment, utilities are continuing to invest significant capital in their electric power delivery systems through multi-year grid modernization and reliability programs, as well as system upgrades and hardening programs in response to recurring severe…
An excerpt of the text as filed with the SEC, cut for length.
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