Q4 2025 Quanta Services Inc Earnings Call Transcript

Feb 19, 2026 / 02:00 PM GMT

Release Date Price: $554 (+6.68%)

Transcript 10-K8-K

Key Points

Positve

Quanta Services Inc (PWR) reported record revenues of $28.5 billion for 2025, marking a 20% increase compared to 2024.
The company achieved double-digit growth in adjusted EBITDA and adjusted earnings per share, with adjusted EPS growing 20% year over year to $10.75.
Quanta Services Inc (PWR) completed eight acquisitions in 2025, enhancing its capabilities and expanding its workforce by approximately 11,100 employees.
The company has a record backlog of $44 billion, indicating strong future demand and growth potential.
Quanta Services Inc (PWR) is strategically investing $500 to $700 million in power transformer manufacturing facilities to enhance its vertical supply chain solutions.

Negative

The company faces a tight craft labor market, particularly in the data center sector, which could impact project execution.
Despite strong financial performance, the electric infrastructure margins have remained steady, with limited immediate opportunities for margin expansion.
Supply chain dynamics pose potential headwinds, necessitating significant investment to de-risk operations.
The company is not currently seeing any major large projects like 765 kV work in its 2026 plans, which could impact growth expectations.
Political and regulatory challenges in the renewables sector could affect project timelines and execution.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PWR.N - Quanta Services Inc
Q4 2025 Quanta Services Inc Earnings Call
Feb 19, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Qantas Services 4th quarter and full year 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow management's prepared remarks, and we ask that you please hold all questions until that time. I will then provide instructions for the question-and-answer session. As a reminder, this conference call is being recorded. If you have any objections, please disconnect at this time.

I will now turn the call over to Kit Rupp, Vice President, Investor Relations, for introductory remarks.

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Unidentified_2 [2]
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