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Quanta Services (PWR)
NYSE:PWR
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.16Last Year’s EPS
1.78Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operating and financial picture: record revenues, adjusted EBITDA, adjusted EPS, free cash flow, and backlog drive a confident outlook for continued double-digit growth and >20% adjusted EPS upside in 2026. Management emphasized disciplined capital deployment, balance sheet strength (leverage <2x) and strategic vertical investments to derisk supply chains. Key risks include persistent craft labor tightness (notably in data centers), limited near-term margin expansion (Electric Infrastructure margins ~10.3% midpoint), sizeable near-term capex for vertical supply chain buildout, and timing uncertainty for very large transmission awards (765 kV) that are expected to materialize in later years. Overall, the highlights (record performance, large backlog, strong cash generation, strategic investments and M&A) outweigh the documented challenges and risks.Company Guidance
Record Full-Year Financial Results
Fiscal 2025 revenues of $28,500,000,000 (up 20% year-over-year), record adjusted EBITDA of $2,900,000,000, and record adjusted diluted EPS of $10.75 (up 20% year-over-year).
Record Cash Generation
Full-year cash flow from operations of $2,000,000,000 and record full-year free cash flow of $1,700,000,000; fourth-quarter cash flow from operations of $1,100,000,000 and fourth-quarter free cash flow of $946,000,000 (both quarter records).
Record Backlog and Strong 2026 Outlook
Total backlog of $44,000,000,000 at year-end. Management provided 2026 guidance reflecting continued double-digit growth in revenues, net income and adjusted EBITDA, and an opportunity for over 20% growth in adjusted EPS.
Significant M&A and Workforce Expansion
Completed eight acquisitions during 2025 (three in Q4: Tri City Group, Wilson Construction Company, Billings Flying Service), with aggregate upfront consideration of approximately $1,700,000,000 in the fourth quarter; acquisitions and organic growth added ~11,100 employees, bringing total workforce to ~69,500.
Strategic Vertical Supply Chain Investment
Plan to invest approximately $500,000,000 to $700,000,000 over the next several years to build out power transformer and breaker manufacturing (345 kV through 765 kV) to derisk supply chain and create differentiated high-voltage solutions.
Disciplined Balance Sheet Management
Even after sizable 2025 acquisitions, Quanta maintained a leverage ratio below two times, underscoring strong cash generation and balance sheet discipline.
Notable Large Award and Market Momentum
Selection by NiSource to design, procure and construct ~3 GW of generation and infrastructure for a large data center campus in Indiana, demonstrating breadth of total solutions platform; management cites accelerating demand across utility, generation and large load markets.
2026 Free Cash Flow and CapEx Expectations
2026 free cash flow expected at $1,800,000,000 at midpoint; guidance includes $250,000,000 to $350,000,000 of expected capital expenditures related to vertical supply chain buildout.
PWR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PWR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $519.31 | $554.00 | +6.68% |
Oct 30, 2025 | $448.57 | $453.71 | +1.15% |
Jul 31, 2025 | $410.90 | $405.93 | -1.21% |
May 01, 2025 | $292.46 | $321.68 | +9.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Quanta Services (PWR) report earnings?
Quanta Services (PWR) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Quanta Services (PWR) earnings time?
Quanta Services (PWR) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PWR EPS forecast?
PWR EPS forecast for the fiscal quarter 2026 (Q1) is 2.16.