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Sep 30
Quanta Services Q3 2025 Earnings Report
Quanta Services posted strong Q3 2025 results with record revenues, net income, and adjusted EPS, driven by strength in its Electric Infrastructure segment.
Key Takeaways
Quanta Services delivered a robust Q3 2025, with revenues reaching $7.63 billion and net income of $339.4 million. The company achieved record adjusted EPS of $3.33, reflecting momentum in its Electric Infrastructure business and solid operational execution.
Revenue reached a record $7.63 billion, driven by growth in Electric Infrastructure.
Adjusted EPS rose to $3.33, reflecting strong margin performance.
Backlog hit a record $39.2 billion, including $21.0 billion in remaining performance obligations.
Free cash flow for the quarter was $438.1 million, supporting ongoing capital deployment and share repurchases.
Quanta Services
Quanta Services
Quanta Services Revenue by Segment
Revenue by Segment
Electric Infrastructure Revenue
CapyFin.comUnderground & Infra Revenue
CapyFin.com Forward Guidance
Quanta raised its full-year 2025 guidance, reflecting strong Electric segment performance and continued demand for infrastructure services. Management anticipates record backlog and double-digit EPS growth into 2026.
Positive Outlook
- Raised 2025 revenue guidance to $27.8B–$28.2B.
- Forecasted adjusted EPS of $10.33–$10.83.
- Backlog growth driven by Electric Infrastructure acceleration.
- Selected by NiSource for a 3 GW power infrastructure project.
- Continued expansion into large-scale, integrated infrastructure solutions.
Challenges Ahead
- Ongoing macroeconomic uncertainty, including inflation and interest rates.
- Potential weather and permitting delays could impact project execution.
- Global trade policies and supply chain pressures remain risk factors.
- Execution challenges in fixed-price contracts remain a financial exposure.
- Free cash flow decreased YoY due to higher capital expenditures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income