PWR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-10-29

• In August 2026, we issued $2.00 billion aggregate principal amount of senior notes and received net proceeds of $1.98 billion, net of the original issue discount, underwriting discounts and deferred financing costs. We used a portion of the proceeds to repay certain outstanding borrowings and the re…

• We expect the strong demand for our services will continue. Our remaining performance obligations and backlog were $41.75 billion and $63.73 billion as of September 30, 2026, representing increases of 75.7% and 44.9% relative to December 31, 2025. For a reconciliation of backlog to remaining perform…

• times we may choose to maintain a portion of our workforce and equipment in an underutilized capacity to ensure we are strategically positioned to deliver on larger projects when they move forward.

• Cost of services. Cost of services primarily includes wages, benefits, subcontractor costs, materials, equipment, and other direct and indirect costs, including related depreciation. The increase in cost of services correlates to the increase in revenues.

• Selling, general and administrative expenses. The increase was primarily attributable to a $103.8 million increase in compensation expense largely due to an increase in headcount to support business growth and increased levels of variable compensation due to increased profitability, as well as $79.8…

Text removed vs the prior filing · source: 10-Q · 2026-07-30

• We expect the strong demand for our services will continue. Our remaining performance obligations and backlog were $33.55 billion and $53.44 billion as of June 30, 2026, representing increases of 41.2% and 21.5% relative to December 31, 2025. For a reconciliation of backlog to remaining performance …

• Project variability and performance. Margins for a single project may fluctuate period to period due to changes in the volume or type of work performed, the pricing structure under the project contract or job productivity. Additionally, our productivity and performance on a project can vary period t…

• Provision for income taxes. The effective income tax rates for the three months ended June 30, 2026 and 2025 were 25.5% and 26.7%. The lower effective tax rate for the three months ended June 30, 2026 was primarily due to changes in the mix of earnings across the jurisdictions in which we operate.

• Comprehensive income attributable to common stock. See Statements of Comprehensive Income in Item 1. Financial Statements of Part I of this Quarterly Report. Comprehensive income attributable to common stock increased by $126.3 million in the three months ended June 30, 2026 as compared to the three…

• Six months ended June 30, 2026 compared to the six months ended June 30, 2025

Text added vs the prior filing · source: 10-Q · 2026-10-29

• We acquired five businesses during the nine months ended September 30, 2026. We are in the process of integrating these acquired businesses into our overall internal control over financial reporting process. Under guidelines established by the SEC, companies are permitted to exclude acquisitions fro…

Text removed vs the prior filing · source: 10-Q · 2026-07-30

• We acquired three businesses during the six months ended June 30, 2026. We are in the process of integrating these acquired businesses into our overall internal control over financial reporting process.

Text added vs the prior filing · source: 10-Q · 2026-10-29

• During the three months ended September 30, 2026, no director or officer of Quanta adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-07-30

• The information set forth below is included for the purpose of providing disclosure under “Item 1.01 Entry into a Material Definitive Agreement” and “Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.” of Form 8-K.

• On July 29, 2026, Quanta entered into the Incremental Revolving Credit Increase Agreement, Consent to Extension of the Maturity Date, Lender Joinder Agreement and Fourteenth Amendment to Fourth Amended and Restated Credit Agreement (the Amendment) among Quanta, as a borrower and the guarantor, certa…

• The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Amendment, a copy of which is filed as Exhibit 10.2 to this Quarterly Report and is incorporated herein by reference.

• The information set forth below is included for the purpose of providing disclosure under “Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.” of Form 8-K.

• On July 29, 2026, Quanta increased the size of its existing unsecured commercial paper program, established on August 23, 2022 (the CP Program), to permit the issuance of short-term, unsecured commercial paper notes (the Notes) up to a maximum aggregate face amount of $2.98 billion outstanding at an…