Quanta Services Reports Strong Q3 2026 Financial Results
News related to:Quanta Services · 2 min read
Quanta Services, Inc. (NYSE: PWR) reported strong financial results for the third quarter of 2026, with revenues reaching $12.01 billion, a significant increase from $7.63 billion in the same period of 2025. The company's net income attributable to common stock for the quarter was $694.9 million, or $4.55 per diluted share, compared to $339.4 million, or $2.24 per diluted share, in the previous year. Adjusted diluted earnings per share (EPS) for the quarter was $6.06, marking a substantial improvement from $3.33 in the third quarter of 2025.
Quanta Services' robust performance in the third quarter has driven a significant increase in the company's financial expectations for 2026. The company now forecasts revenues between $41.3 billion and $41.6 billion, net income attributable to common stock between $1.92 billion and $1.98 billion, and adjusted diluted EPS between $12.57 and $12.97. Adjusted EBITDA is expected to range between $3.99 billion and $4.09 billion, while adjusted EBITDA is projected to be between $4.40 billion and $4.49 billion. Quanta also anticipates free cash flow to range between $2.50 billion and $3.00 billion.
The company's strong financial performance is underpinned by a record backlog of $63.7 billion, with remaining performance obligations (RPO) standing at $41.8 billion. In the first nine months of 2026, Quanta completed two significant acquisitions. The first, a Houston-based energy services provider, strengthens the company's front-end, fabrication, and supply chain capabilities. The second, a Fort Worth-based manufacturer, enhances Quanta's presence in utility transmission and distribution applications.
In August 2026, Quanta issued $2 billion in senior notes and increased its revolving commitments under its senior credit facility, enhancing its liquidity and financial flexibility. Additionally, the company published its 2025 Sustainability Report, titled "Craft + Culture," which highlights the company's commitment to sustainability and its progress in 2025.
The company's strong performance and robust financial outlook suggest a continued path of growth and profitability. With a diversified portfolio and a focus on strategic acquisitions, Quanta Services is well-positioned to capitalize on opportunities across various end markets.