Strong Financial Performance
Quanta Services reported third quarter 2025 results with revenues of $7.6 billion, net income of $339 million, adjusted EPS of $3.33, and adjusted EBITDA of $858 million, reflecting double-digit growth in these metrics.
Record Backlog and Increased Revenue Guidance
Quanta achieved a record backlog of $39.2 billion and raised its full-year revenue expectations to a range of $27.8 billion to $28.2 billion. The full-year free cash flow expectations were also raised to $1.5 billion at the midpoint.
Expansion of Total Solutions Platform
Quanta announced the expansion of its Total Solutions platform, engaging with NiSource for a project capable of producing approximately 3 gigawatts of power, highlighting the company's capability in power generation, battery energy storage, and infrastructure.
Strategic Recapitalization
Quanta issued $1.5 billion of notes to recapitalize the balance sheet following the acquisition of Dynamic Systems, with an interest rate approximately 40 basis points lower than the previous issuance, benefiting from a recent ratings upgrade.
Positive Market Position and Outlook
The company is positioned well for an expected generational investment cycle in critical infrastructure, with expectations of record backlog and another year of double-digit EPS growth in 2026.