Quanta Services (NYSE:PWR) Issues Quarterly Earnings Results

Quanta Services (NYSE:PWR) posted its quarterly earnings data on Thursday. The construction company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.02 by $1.04, FiscalAI reports. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same period in the prior year, the business posted $3.33 EPS. The company’s quarterly revenue was up 57.4% on a year-over-year basis.

Here are the key takeaways from Quanta Services’ conference call:

• Record third-quarter results substantially exceeded expectations: revenue rose 57% to $12 billion, adjusted EBITDA increased 69% to $1.4 billion, adjusted EPS climbed 82% to $6.06, and free cash flow reached a quarterly record of $1.2 billion.
• Quanta significantly raised its 2026 outlook, now forecasting $41.3 billion–$41.6 billion of revenue, $4.4 billion–$4.49 billion of adjusted EBITDA, $17.90–$18.30 of adjusted EPS, and $2.5 billion–$3 billion of free cash flow.
• Record backlog reached approximately $64 billion, up $10 billion sequentially, with broad-based growth across utility, renewable, generation, transmission, technology, and large-load markets. Management said demand visibility extends beyond 2030 and expects strong double-digit adjusted EPS growth again in 2027.
• Quanta strengthened its balance sheet and operating capacity, ending the quarter with $2.3 billion of cash, $5.2 billion of total liquidity, and a 1.3x leverage ratio. The company is also investing in training, fabrication, manufacturing, and supply-chain capabilities to address labor and equipment constraints.
• Management views supply-chain availability—particularly transformers, breakers, poles, and other OEM equipment—as a greater potential constraint than labor or demand. Quanta is mitigating the risk through supplier partnerships, acquisitions, and selective manufacturing investments, while acknowledging that growth depends partly on OEM capacity.

Quanta Services Stock Performance

NYSE:PWR traded down $12.25 during trading on Friday, reaching $622.93. The company’s stock had a trading volume of 586,698 shares, compared to its average volume of 1,140,786. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The firm has a market cap of $93.65 billion, a price-to-earnings ratio of 71.44, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. Quanta Services has a 12 month low of $408.36 and a 12 month high of $788.75. The firm has a 50 day moving average of $633.61 and a 200-day moving average of $622.23.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 5.04%.

More Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta reported record third-quarter revenue of $12.01 billion, up 57.4% year over year. Adjusted diluted EPS was $6.06, well above the $5.02 consensus estimate, while GAAP diluted EPS reached $4.55 versus $2.24 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Strong demand for electric infrastructure helped drive the beat. Backlog rose to a record $63.7 billion, including $41.8 billion of remaining performance obligations, supporting visibility into future revenue. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management significantly raised its 2026 outlook to revenue of $41.3 billion-$41.6 billion and diluted EPS of $12.57-$12.97. Operating cash flow of $1.5 billion and free cash flow of $1.2 billion also underscore strong execution. Quanta Services Delivers Record Q3 Results, Raises Outlook
• Neutral Sentiment: Shares moved just above their 200-day moving average, a potentially constructive technical signal, but remained below the 50-day average. Analysts and investors may view the narrow breakout as requiring confirmation rather than a clear trend reversal. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: At roughly 71 times earnings, PWR carries a premium valuation, increasing the risk of selling when results or guidance do not substantially exceed elevated expectations. Recent insider activity has also been entirely sales, including substantial selling by the CEO, which may weigh on sentiment. Quanta Services Posts Third-Quarter Results

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PWR shares. Argus set a $800.00 target price on Quanta Services in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft lowered shares of Quanta Services to a “sell” rating in a report on Friday, July 31st. UBS Group reissued a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. lowered Quanta Services from an “overweight” rating to a “neutral” rating and set a $714.00 price objective for the company. in a research report on Tuesday, July 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $764.46.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.