Form 10-Q · Quarterly report
Quanta Services 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0001050915
- Accession no.
- 0001050915-26-000041
Summary
Quanta Services reported that its third-quarter 2026 revenue and operating income increased from a year earlier, with gains in both its Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions segments, which it attributes to utility grid modernization spending and demand tied to data centers and electrification. As of September 30, 2026, backlog was $63.73 billion and remaining performance obligations were $41.75 billion, up 44.9% and 75.7% respectively from December 31, 2025.
Key points
- Net cash provided by operating activities was $2.94 billion for the nine months ended September 30, 2026, a 167% increase over the same period in 2025.
- In August 2026 Quanta Services issued $2.00 billion aggregate principal amount of senior notes, receiving net proceeds of $1.98 billion.
- During the nine months the company used $1.15 billion of cash for acquisitions and investments in unconsolidated affiliates and paid $50.9 million in common stock dividends.
- As of September 30, 2026, available commitments under its senior credit facility plus cash and cash equivalents totaled $5.21 billion.
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 third quarter 2026 results reflect increased demand for our services, as consolidated revenues and operating income increased as compared to the third 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 weather…
An excerpt of the text as filed with the SEC, cut for length.
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