One of the world's largest builders of electric-grid and utility infrastructure, Quanta designs and repairs power lines, substations, renewable-energy projects, and the electrical systems that keep data centers and semiconductor plants running. It traces back to 1997, when veteran John Colson merged four regional electrical contractors—including PAR, where he'd started as a survey stakes carrier—into one national company. The name borrows from physics' "quantum," the smallest unit of energy, nodding to the essential building blocks of modern power.
Quanta Services issues $2.0B in senior notes across three tranches due 2029, 2033, and 2036
The notes were sold under an underwriting agreement dated August 3, 2026, with BofA Securities, Wells Fargo Securities, J.P. Morgan Securities, PNC Capital Markets, and Truist Securities as representatives.
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On August 6, 2026, Quanta Services issued $500M of 4.850% Senior Notes due 2029, $750M of 5.300% Senior Notes due 2033, and $750M of 5.550% Senior Notes due 2036.
Interest on all notes is payable semi-annually on February 9 and August 9, commencing February 9, 2027.
The notes are senior unsecured obligations, not guaranteed by subsidiaries, and rank equally with existing and future senior unsecured debt.
Holders can require repurchase at 101% of principal upon a Change of Control Triggering Event.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Quanta Services prices $2.0 billion senior notes offering across three tranches
Quanta Services priced an underwritten public offering of $500M 4.850% senior notes due 2029, $750M 5.300% senior notes due 2033, and $750M 5.550% senior notes due 2036.
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The notes were priced at 99.950%, 99.757%, and 99.696% of face value, respectively, and the offering is expected to close on August 6, 2026.
Net proceeds will be used for general corporate purposes, including repayment of outstanding commercial paper and senior credit facility borrowings.
The underwriting agreement was entered into on August 3, 2026, with BofA Securities, Wells Fargo Securities, J.P. Morgan Securities, PNC Capital Markets, and Truist Securities as representatives.
The offering is registered under Quanta's existing Form S-3 shelf registration statement filed on August 2, 2024.
Several underwriters have existing lending or other commercial relationships with Quanta, and the trustee is affiliated with one underwriter.
1.01 Entry into a Material Definitive Agreement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Quanta Services announces $1B stock repurchase program and new director Joseph Kim
Quanta Services held its 2026 Annual Meeting of Stockholders on May 21, 2026, electing ten directors and approving executive compensation and PwC as auditor.
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The Board authorized a new stock repurchase program effective May 21, 2026, allowing up to $1.0 billion of common stock repurchases.
Joseph Kim, CEO of Sunoco GP LLC, was elected as a new independent director at the annual meeting.
A quarterly cash dividend of $0.11 per share was declared, payable July 13, 2026, to stockholders of record as of July 1, 2026.
The prior repurchase program, expiring June 30, 2026, had acquired 540,788 shares for about $135 million.
5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Quanta Services grants performance stock units to four named executive officers
On April 10, 2026, Quanta Services' Compensation Committee approved PSU awards to named executive officers Earl C. Austin Jr., Jayshree S. Desai, Karl W. Studer, and Gerald A. Ducey Jr.
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Target PSUs: Austin 17,759; Desai 8,879; Studer 12,431; Ducey 7,103; earned amounts can range from 0% to 600% of target.
PSUs vest after a five-year performance period ending December 31, 2030, based on adjusted EPS growth and a TSR modifier.
Awards are under the 2019 Omnibus Equity Incentive Plan and are intended to incentivize retention and execution of the company's five-year strategy.
Earned PSUs settle in common stock, subject to continued service and accelerated vesting in certain termination or change-in-control cases.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Quanta Services adopts 2026 incentive plans with cash, RSU, and PSU awards for executives
On February 26, 2026, the Compensation Committee adopted the 2026 annual incentive plan, long-term incentive plan, and discretionary plan for all employees.
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Executive officers are eligible for incentive compensation payable in cash, restricted stock units, and/or performance stock units.
Annual performance metrics for 2026 include EBITDA, EBITDA margin, and safety.
Long-term incentive metrics for the 2026-2028 period include return on invested capital, earnings per share, and total stockholder return.
Equity awards will be made under the 2019 Omnibus Equity Incentive Plan, as amended.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits