Every material Form 8-K Quanta Services has filed with the SEC since March 05, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Quanta Services reported third-quarter 2026 revenue of $12.01 billion and net income attributable to common stock of $694.9 million, alongside record total backlog of $63.7 billion. Driven by strong performance across its operations, the company significantly increased its full-year 2026 financial expectations across all metrics.
Consolidated revenues for the third quarter of 2026 reached $12.01 billion, up from $7.63 billion in the third quarter of 2025.
Third-quarter 2026 diluted earnings per share was $4.55 on a GAAP basis and $6.06 on an adjusted basis.
Total backlog reached a record $63.7 billion, with remaining performance obligations at $41.8 billion as of September 30, 2026.
For the full year 2026, the company now expects revenues between $41.3 billion and $41.6 billion and adjusted diluted EPS between $17.90 and $18.30.
Quanta Services increased its board from ten to eleven directors on September 9, 2026, and elected Ellen Rubin to fill the new seat. She joins the Audit Committee and the Safety, Operations and Risk Committee, and receives standard non-employee director pay. The change is a board composition update with no reported financial results or guidance.
Ellen Rubin elected to the board on September 9, 2026; board size increased from ten to eleven
Appointed to the Audit Committee and the Safety, Operations and Risk Committee
Pro-rata compensation of approximately $105,000 in cash retainers and restricted stock units valued at approximately $131,000
Rubin is an Operating Partner at Glasswing Ventures LLC and a director of Allegion plc (NYSE: ALLE)
Quanta Services issued $2.0 billion of senior unsecured notes on August 6, 2026, in three tranches maturing in 2029, 2033 and 2036, sold under an August 3, 2026 underwriting agreement. The filing adds $2.0 billion of debt to the company's obligations, and the notes are not guaranteed by its subsidiaries, so shareholders should note that their claims rank behind subsidiary creditors.
$500 million of 4.850% Senior Notes due August 9, 2029
$750 million of 5.300% Senior Notes due August 9, 2033
$750 million of 5.550% Senior Notes due August 9, 2036; interest on all three series is payable semi-annually, starting February 9, 2027
Quanta Services agreed on August 3, 2026 to sell $2.0 billion of senior notes in an underwritten public offering, with coupons of 4.850% to 5.550%. The company plans to use the net proceeds for general corporate purposes, including repaying commercial paper and senior credit facility borrowings, and the offering is expected to close on August 6, 2026. The filing does not report the effect on the company's debt totals or interest costs.
$500 million of 4.850% notes due 2029, priced at 99.950% of face value
$750 million of 5.300% notes due 2033, priced at 99.757% of face value
$750 million of 5.550% notes due 2036, priced at 99.696% of face value
Closing expected August 6, 2026; proceeds to repay commercial paper and senior credit facility borrowings
Quanta Services reported second-quarter 2026 revenue of $9.56 billion, up from $6.77 billion a year earlier, and GAAP diluted EPS of $2.96, up from $1.52. The company said it is significantly increasing its full-year 2026 expectations across all metrics, with revenue now expected at $39.3 billion to $39.7 billion, and attributed part of the outlook to recently completed acquisitions.
Q2 2026 net income attributable to common stock was $451.4 million, or $2.96 per diluted share, versus $229.3 million, or $1.52, in Q2 2025.
Q2 2026 adjusted diluted EPS was $4.24, compared with $2.48 in Q2 2025.
For full-year 2026, Quanta now expects revenue of $39.3 billion to $39.7 billion and adjusted diluted EPS of $16.45 to $16.95.
Acquisitions of Phalcon, Enerfab, Percheron and PSD carry aggregate upfront consideration of about $1.24 billion, net of cash acquired.
Quanta Services reported first-quarter 2026 revenue of $7.87 billion, up from $6.23 billion a year earlier, and net income attributable to common stock of $220.6 million, or $1.45 per diluted share, versus $0.96 in the first quarter of 2025. The company said it is increasing its full-year 2026 financial expectations, which now include revenue of $34.7 billion to $35.2 billion and diluted EPS of $9.17 to $9.87.
Q1 2026 revenue was $7.87 billion, compared with $6.23 billion in Q1 2025.
Q1 diluted EPS was $1.45 versus $0.96; adjusted diluted EPS was $2.68 versus $1.78.
Full-year 2026 revenue is now expected at $34.7 billion to $35.2 billion, and diluted EPS at $9.17 to $9.87.
Backlog reached a record $48.5 billion at March 31, 2026; Q1 cash flow from operations was $391.7 million.
Quanta Services approved performance stock unit (PSU) awards on April 10, 2026 for senior leaders, including named executive officers Earl C. Austin, Jr., Jayshree S. Desai, Karl W. Studer and Gerald A. Ducey, Jr. The awards tie payout to a five-year performance period ending December 31, 2030, based on adjusted earnings per share growth and total shareholder return. The filing shows the awards are designed to retain leaders for the company's recently announced five-year strategy.
PSUs approved April 10, 2026 under the 2019 Omnibus Equity Incentive Plan, with a performance period ending December 31, 2030
Target grants: Earl C. Austin, Jr. 17,759; Jayshree S. Desai 8,879; Karl W. Studer 12,431; Gerald A. Ducey, Jr. 7,103
Earned shares can range from 0% to 600% of target, based on adjusted EPS compound annual growth with a TSR multiplier of up to 200%
On February 26, 2026, Quanta Services' Compensation Committee adopted 2026 annual, long-term and discretionary incentive plans covering corporate employees, senior leadership and all employees, with specific target incentive amounts set for executive officers. The filing describes compensation structure rather than financial results, so it does not change reported performance.
Adopted February 26, 2026 by the Compensation Committee of the Board
2026 annual metrics include EBITDA, EBITDA margin and safety
Long-term metrics for January 1, 2026 to December 31, 2028 include return on invested capital, earnings per share and total stockholder return
Quanta Services reported fourth-quarter and full-year 2025 results that rose from the prior year, with fourth-quarter revenue of $7.84 billion versus $6.55 billion and adjusted diluted EPS of $3.16 versus $2.94. The company also issued full-year 2026 guidance calling for revenue of $33.25 billion to $33.75 billion and adjusted diluted EPS of $12.65 to $13.35, and completed three acquisitions in the fourth quarter for about $1.73 billion in upfront consideration.
Q4 2025 revenue was $7.84 billion, up from $6.55 billion in Q4 2024; GAAP diluted EPS was $2.08 versus $2.03.
Full-year 2025 revenue was $28.48 billion, up from $23.67 billion; GAAP diluted EPS was $6.80 versus $6.03.
2026 guidance: revenue of $33.25 billion to $33.75 billion; GAAP diluted EPS of $8.36 to $9.06; adjusted diluted EPS of $12.65 to $13.35.
Acquisitions Tri-City, Wilson and Billings had upfront consideration of about $1.73 billion, of which about $1.54 billion was cash funded through commercial paper.
Quanta Services reported third-quarter 2025 revenue of $7.63 billion, up from $6.49 billion a year earlier, and net income attributable to common stock of $339.4 million, or $2.24 per diluted share, versus $1.95 a year earlier. The company raised its full-year 2025 revenue expectation to $27.8 billion to $28.2 billion and announced it was selected by NiSource to provide power generation and grid infrastructure for a large load customer.
Q3 2025 adjusted diluted EPS was $3.33, compared with $2.72 in Q3 2024.
Full-year 2025 diluted EPS is now expected between $6.53 and $7.02, and adjusted diluted EPS between $10.33 and $10.83.
NiSource engaged Quanta for a project capable of producing approximately 3 gigawatts of power for a large load customer.
Year-to-date, Quanta repurchased 538,559 shares for $134.6 million; about $365.1 million remained under the repurchase program as of October 29, 2025.
Quanta Services issued three $500 million tranches of senior unsecured notes on August 7, 2025, totaling $1.5 billion, under an underwriting agreement dated August 4, 2025. The notes add to the company's debt obligations, and the filing says they are not guaranteed by subsidiaries, so they are structurally subordinated to subsidiary liabilities.
$500 million 4.300% senior notes mature August 9, 2028, with interest paid semi-annually from February 9, 2026
$500 million 4.500% senior notes mature January 15, 2031, with interest paid semi-annually from January 15, 2026
$500 million 5.100% senior notes mature August 9, 2035, with interest paid semi-annually from February 9, 2026
Underwriters were BofA Securities, Wells Fargo Securities, J.P. Morgan Securities, PNC Capital Markets and Truist Securities
Quanta Services reported second-quarter 2025 revenue of $6.77 billion, up from $5.59 billion a year earlier, and GAAP diluted EPS of $1.52, up from $1.26. The company raised its full-year 2025 outlook and said the increase reflects its second-quarter results and the July 25, 2025 acquisition of Dynamic Systems for up to $1.566 billion.
Q2 2025 revenue was $6.77 billion versus $5.59 billion in Q2 2024; net income attributable to common stock was $229.3 million.
Q2 GAAP diluted EPS was $1.52 versus $1.26; adjusted diluted EPS was $2.48 versus $1.90.
Full-year 2025 revenue outlook is now $27.4 billion to $27.9 billion, and GAAP diluted EPS is now $6.47 to $7.07.
Dynamic Systems was acquired on July 25, 2025 for up to $1.566 billion, including a $216 million earnout; $202.5 million of base consideration was paid in Quanta common stock.
At its May 22, 2025 annual meeting, Quanta Services stockholders approved Amendment No. 2 to the 2019 Omnibus Equity Incentive Plan, which raises the number of shares that may be issued under the plan by 4,190,000. The company also said Executive Vice President – Business Administration Derrick Jensen will resign effective June 1, 2025, and will stay on in an advisory role at an annual base salary of $200,000. Shareholders also re-elected all ten director nominees and ratified PricewaterhouseCoopers LLP as auditor for fiscal 2025.
Stockholders approved Amendment No. 2, adding 4,190,000 shares to the 2019 Omnibus Equity Incentive Plan on May 22, 2025.
Derrick Jensen resigned as EVP – Business Administration effective June 1, 2025, and will serve in an advisory role with a $200,000 base salary.
All ten director nominees were elected to one-year terms expiring at the 2026 annual meeting.
PricewaterhouseCoopers LLP was ratified for fiscal 2025 with 119,775,163 votes for and 7,886,382 against; executive pay advisory vote received 108,939,966 for and 7,703,334 against.
Quanta Services reported first-quarter 2025 revenue of $6.23 billion, up from $5.03 billion a year earlier, and diluted earnings per share of $0.96, up from $0.79. The company raised the midpoint of its full-year 2025 revenue, adjusted EBITDA and EPS expectations, which matters to shareholders because it signals higher expected earnings for the year.
Q1 2025 revenue of $6.23 billion vs. $5.03 billion in Q1 2024
Net income attributable to common stock of $144.3 million, vs. $118.4 million a year earlier; diluted EPS $0.96 vs. $0.79
Full-year 2025 diluted EPS now expected at $6.90 to $7.50; revenue $26.7 billion to $27.2 billion
Repurchased about $135 million of common stock from January 1 through April 29, 2025; $365.1 million authorization remaining
On February 27, 2025, Quanta Services' Compensation Committee adopted 2025 annual, long-term and discretionary incentive plans covering corporate employees, senior leadership and all employees, with specific target incentive amounts set for executive officers. The filing describes routine compensation arrangements and does not report a change in officers or directors.
Plans adopted February 27, 2025 by the Compensation Committee of the Board
2025 annual metrics include EBITDA, EBITDA margin and safety
Long-term plan covers January 1, 2025 through December 31, 2027, with return on invested capital, earnings per share and total stockholder return metrics
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