Quanta Services, Inc.

Company facts

Industry

Electrical Work

Headquarters

Houston, Texas

Most recent report

8-K, filed Aug 6, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 1050915

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 4 of 13 sections worth reading, with 5 positive, 7 notable, and 2 negative flags.

• Financial Statements (Item 1)

  Core financial data with strong results and key risk details.
  Positive

  • Backlog $33.55B at June 30, 2026, up 41% from $23.76B at Dec 31, 2025.
  • New $1.0B stock repurchase program authorized May 21, 2026; prior $500M program expired.
  Notable

  • H1 2026 acquisitions: $1.09B cash + 182,733 shares for three businesses; contingent pay up to $242.3M.
  Negative

  • Retainage beyond one year $312.7M, up from $228.7M; $1.19B within one year.
  • Term loan $637.5M matures October 8, 2026; revolving facility extended to 2031 post-quarter.

• Management's Discussion (Item 2)

  Strong Q2 results, huge cash flow jump, record backlog, and post-period credit line boost.
  Positive

  • Backlog $53.44B at June 30, 2026, rising 21.5% from Dec 31, 2025.
  • H1 2026 operating cash flow $1.49B vs $538.9M in prior year, a 176% jump.
  • Days sales outstanding improved to 57 days from 62 days a year ago.
  Notable

  • Underground six-month revenues partially offset by lower large pipeline work in the U.S.
  • Acquired three businesses for $930.3M net cash in H1 2026, funded from debt and cash.
  • After quarter-end, increased credit facility from $2.80B to $2.98B and extended maturity to July 2031.

• Unregistered Sales and Repurchases (Item 2)

  New $1B buyback program and 247,622 shares issued for acquisitions.
  Notable

  • Issued 182,733 shares valued at $128.3M on June 18, 2026 as acquisition consideration.
  • Issued 64,889 shares valued at $45.0M on July 10, 2026 (subsequent event) as acquisition consideration.

• Other Information (Item 5)

  Key financing updates: revolver raised $180M, maturity extended 1 year, CP program aligned.
  Notable

  • Commercial paper program raised to $2.98B to align with revolver capacity.

What changed: Jun 2026 vs. Mar 2026

About 21% of PWR's Jun 2026 10-Q is new information. 70 paragraphs were added, 139 changed, and 20 removed. Below are the most important lines SECSift identified.

• Item 1 83
• Item 2 66
• Item 5 10
• Item 4 4
• Item 3 1