Quanta Services, Inc. · NYSE:PWR
Quanta Services — Q2 2026 Earnings Presentation
18 slides from Quanta Services's earnings presentation, Jul 30, 2026
Slide 1: Second Quarter 2026 Operational and Financial Commentary
July 30, 2026 Second Quarter 2026 Operational and Financial Commentary This document is a supplement to our press release reporting second quarter 2026 results for Quanta Services, Inc. (together with its subsidiaries, Quanta, the Company, we, us or our). Our earnings release was previously distribu
Slide 2: 2Q26 Financial Highlights
• In June 2026, Hyosung HICO and Quanta announced the formation of a joint venture, Hyosung HICO Breaker, LLC, to manufacture high-voltage circuit breakers in the United States. The joint venture will operate from a refurbished facility at Quanta's subsidiary's manufacturing site in Canonsburg, Penn
Slide 3: 2Q26 Financial Results and Commentary: Electric Segment
2Q26 Financial Results and Commentary Electric Segment * Operating income margins are calculated by dividing operating income by revenues • Our Electric segment performed well in the second quarter of 2026, with revenues of $7.8 billion and operating income margin of 11.5%. • Segment revenue growth
Slide 4: Electric segment backlog was a record $43.8 billion
*Refer to the Appendix for a definition and reconciliation of this non-GAAP financial measure to its most directly comparable GAAP measure • Electric segment backlog was a record $43.8 billion at the end of the second quarter of 2026, driven primarily by additional awards and increased volumes with
Slide 5: Underground and Infrastructure Segment
Underground and Infrastructure Segment * Operating income margins are calculated by dividing operating income by revenues. • Underground and Infrastructure segment revenues were $1.7 billion in the second quarter of 2026, with operating income margin of 9.1%. • The strong performance was driven prim
Slide 6: Underground and Infrastructure backlog and Consolidated Backlog
*Refer to the Appendix for a definition and reconciliation of this non-GAAP financial measure to its most directly comparable GAAP measure • Total backlog for the Underground and Infrastructure segment was a record $9.7 billion at the end of the second quarter of 2026, primarily due to strong bookin
Slide 7: Free Cash Flow & Days Sales Outstanding
While the timing of awards and normal seasonality can create some variability between periods, we believe we are well positioned to continue reporting record backlog levels in future periods. This confidence reflects our ongoing collaboration with customers to deliver comprehensive solutions that su
Slide 8: Capital allocation and balance sheet
measure the returns on acquisitions against the returns we could generate through other capital allocation alternatives, including stock repurchases. Our balance sheet strengthened in the second quarter of 2026 even while we deployed capital toward acquiring companies with high-return growth opportu
Slide 9: Full-Year 2026 Guidance
Full-Year 2026 Guidance *The investment community is encouraged to review Quanta’s Outlook Expectations Summary, which can be found on the Investor Relations section of our website at http://investors.quantaservices.com in the News & Events and Financial Info sections. This document provides a detai
Slide 10: Electric Segment Guidance
Electric Segment Guidance 2026 Estimated Range Low Mid High Revenues ($M) $31,700 $31,800 $31,900 Revenue Growth 37.8% 38.3% 38.7% OI Margin 10.5% 10.6% 10.75% • We have increased our revenue expectations for the Electric segment by $3.45 billion at the midpoint from last quarter’s guidance due to s
Slide 11: Supplemental Disclosure
Supplemental Disclosure As dynamics in the utility, power generation and large load industries continue to converge, the demand for our portfolio of solutions continues to expand. Quanta's significant, long-term investment in craft labor across a broad range of disciplines places us in a unique posi
Slide 12: Positive Multi-Year Outlook
Positive Multi-Year Outlook Quanta's strategy is grounded in craft labor excellence, execution certainty, disciplined investment, and a clear strategic vision. Our initiatives are broadening our service capabilities, deepening customer relationships, and expanding our total addressable market. Our f
Slide 13: Appendix
commentary. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this commentary or otherwise, and Quanta expressly disclaims any written or oral statements made by any third party reg
Slide 14: Non-GAAP measure definitions
Non-cash stock-based compensation expense varies period to period due to acquisition activity, changes in the estimated fair value of performance-based awards, forfeiture rates, accelerated vesting and amounts granted; Amortization of intangible assets and amortization of basis differences included
Slide 15: Reconciliation of Adjusted Net Income and Adjusted Diluted EPS
Reconciliation of Adjusted Net Income Attributable to Common Stock and Adjusted Diluted Earnings Per Share Attributable to Common Stock ($000s, except per share amounts) 2025 2026 FY 2026 Guidance Range 2Q 2Q YTD 2Q 2Q YTD Low Mid High Reconciliation of adjusted net income attributable to common sto
Slide 16: Reconciliation of Adjusted EBITDA and Free Cash Flow
Reconciliation of Adjusted EBITDA ($000s) 2025 2026 FY 2026 Guidance Range 2Q 2Q YTD 2Q 2Q YTD Low Mid High Net income attributable to common stock (GAAP as reported) $ 229,250 $ 373,508 $ 451,381 $ 672,006 $ 1,740,700 $ 1,778,900 $ 1,817,100 Interest and other financing expense, net 55,797 106,268
Slide 17: Reconciliation of Backlog and Organic Revenue Growth
Reconciliation of Backlog ($000s) June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 12 Month Total 12 Month Total 12 Month Total 12 Month Total 12 Month Total Electric Infrastructure Solutions Remaining performance $ obligations $ 11,231,906 $ 17,963,215 $ 12,124,623 $
Slide 18: Cautionary Statement About Forward-Looking Statements and Information
Cautionary Statement About Forward-Looking Statements and Information This commentary (and oral statements regarding the subject matter of this commentary) contains forward-looking statements intended to qualify for the “safe harbor” from liability established by the Private Securities Litigation Re