Quanta Services, Inc. ( PWR ) just reported its Q4 and has been on a roll due to the massive surge in AI data center demand for power. I wanted to go through the earningsMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: I/we have no stock, option ...

经济观察网 根据公开信息，广达服务（Quanta Services，PWR.US）在2026年2月19日披露的2025财年全 年及季度财报中，有以下亮点值得关注： 业绩经营情况 收入稳健增长：2025财年全年营业收入达284.80亿美元，同比增长20.31%；第四季度单季收入为78.42 亿美元，同比增长19.66%。收入增长主要受益于电力基础设施和地下公用业务需求的持续扩张。 地下公用事业业务贡献稳定：收入占比19.24%（54.78亿美元），覆盖通信、管道等领域，与5G部署和 能源管道投资相关。 公司基本面 资产运营效率改善：资产周转率1.31次，负债率稳定在63.78%，虽因扩张略有上升，但流动比率1.14显 示短期偿债能力充足。 机构观点 机构关注度高：截至2026年2月，33家评级机构中61%给予"买入"建议，反映市场对其在基建领域的龙 头地位和增长前景的认可。 以上内容基于公开资料整理，不构成投资建议。 盈利能力提升：全年归母净利润为10.28亿美元，同比增长13.66%；净利率为3.61%。第四季度单季净利 润3.15亿美元，净利率环比提升至4.02%，反映运营效率改善。 现金流充裕：全年经营活 ...

On CNBC's “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, named Microsoft Corporation (NASDAQ:MSFT) as his final trade.Stifel analyst Brad Reback, on Feb. 5, downgraded Microsoft from Buy to Hold and lowered the price target from $540 to $392.Don't forget to check out our premarket coverage here.Stephanie Link, chief investment strategist, head of investment solutions and portfolio manager at Hightower Advisors, picked Quanta Services, Inc. (NYSE:PWR) .Supp ...

Characterized the current market as a multidecade infrastructure transformation driven by the unprecedented convergence of utility, power generation, and large load industries.Maintained a self-perform capability focus, growing the workforce to approximately 69,500 employees to differentiate as a total solutions provider rather than a traditional contractor.Initiated a vertical supply chain strategy with a $500 million to $700 million investment in power transformer manufacturing to mitigate lead-time risks ...

Key Takeaways PWR delivered record Q4 2025 results, with EPS up 7.5% and revenues rising 19.7% year over year.Electric Infrastructure revenue jumped to $6.43B on strong utility and load-center demand.Backlog hit a record $43.98B, with 2026 revenue guided to $33.25B-$33.75B.Quanta Services, Inc. (PWR) reported record fourth-quarter 2025 results, driven by robust demand in its Electric Infrastructure Solutions segment and contributions from recent acquisitions. Strong execution and expanding backlog supported ...

Deep-pocketed investors have adopted a bearish approach towards Quanta Services (NYSE:PWR), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PWR usually suggests something big is about to happen.We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Quant ...

For the quarter ended December 2025, Quanta Services (PWR) reported revenue of $7.84 billion, up 19.7% over the same period last year. EPS came in at $3.16, compared to $2.94 in the year-ago quarter.The reported revenue represents a surprise of +7.78% over the Zacks Consensus Estimate of $7.28 billion. With the consensus EPS estimate being $3.00, the EPS surprise was +5.4%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Quanta Services (NYSE:PWR) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsDuke Austin - President and CEOJayshree Desai - CFOKip Rupp - VP of Investor RelationsConference Call ParticipantsAdam Thalhimer - AnalystAti Modak - AnalystBrian Brophy - AnalystChad Dillard - AnalystJamie Cook - Managing Director and Senior Equity Research AnalystJulien Dumoulin-Smith - AnalystJustin Hauke - AnalystLiam Burke - AnalystManish Samaya - AnalystMark Strouse - AnalystMike Dudas - AnalystNick Amic ...

Quanta Services (NYSE:PWR) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsDuke Austin - President and CEOJayshree Desai - CFOKip Rupp - VP of Investor RelationsConference Call ParticipantsAdam Thalhimer - AnalystAti Modak - AnalystBrian Brophy - AnalystChad Dillard - AnalystJamie Cook - Managing Director and Senior Equity Research AnalystJulien Dumoulin-Smith - AnalystJustin Hauke - AnalystLiam Burke - AnalystManish Somaiya - AnalystMark Strouse - AnalystMike Dudas - AnalystNick Ami ...

Financial Data and Key Metrics Changes - For the full year 2025, revenues reached $28.5 billion, a 20% increase compared to 2024. Adjusted EBITDA was a record $2.9 billion, and adjusted diluted earnings per share grew 20% year over year to $10.75. Record cash flow from operations was $2.2 billion, and record free cash flow was $1.7 billion [10][12] - In Q4 2025, revenues were $7.8 billion, with adjusted EBITDA of $845 million and adjusted diluted EPS of $3.16, all records for the company. Cash flow from operations in the quarter was $1.1 billion, and free cash flow was $946 million, both fourth quarter records [10][11] Business Line Data and Key Metrics Changes - The company completed three acquisitions in Q4 2025: Tri-City Group, Wilson Construction Company, and Billings Flying Service, for a total consideration of approximately $1.7 billion, enhancing power delivery capabilities for large load center facilities and utility capital programs [11] - The acquisitions and organic growth added approximately 11,100 employees, bringing the total workforce to approximately 69,500 at year-end, reinforcing self-perform capabilities [7] Market Data and Key Metrics Changes - The total backlog at year-end was $44 billion, indicating substantial momentum across end markets driven by ongoing investment in grid reliability and resilience, and growing demand for power generation [7][12] - The company is positioned to benefit from multi-year structural demand drivers in the utility and power generation sectors, with significant visibility heading into 2026 and beyond [12] Company Strategy and Development Direction - The company aims to enhance vertical supply chain solutions through a planned investment of approximately $500 million to $700 million over the next several years in power transformer manufacturing facilities [8] - The strategy remains focused on craft labor excellence, execution certainty, and disciplined investment, positioning the company at the center of a multi-decade infrastructure transformation [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving record backlog and another year of double-digit earnings per share growth in 2026, supported by a strong backlog and ongoing investments in infrastructure [9][12] - The company is optimistic about the growth opportunities in the data center market, which is expected to be a significant contributor to future revenues [17] Other Important Information - The company has established itself as a compounder of profitable growth, achieving record results in revenues, adjusted EBITDA, and adjusted diluted earnings per share for eight consecutive years [4] - Management emphasized the importance of maintaining a disciplined approach to acquisitions and investments, ensuring alignment with the company's strategic goals [87] Q&A Session Summary Question: Insights on earnings growth and data center contracts - Management indicated that data center contracts currently represent about 10% of the business and are the fastest-growing segment of the backlog, with significant opportunities expected in the coming years [17] Question: Electric margins and initiatives - Management noted that while electric margins have remained steady, there are opportunities for improvement through vertical integration and resource sharing, although no major large projects are anticipated in 2026 [20][22] Question: Gas power generation projects - Management confirmed ongoing interest in gas power generation projects and indicated that there is a strong pipeline of opportunities, with plans to expand beyond current joint ventures [37] Question: Pricing dynamics and supply chain - Management highlighted a collaborative approach to pricing, focusing on long-term programmatic spending rather than short-term bids, which enhances return on invested capital [35] Question: AI initiatives and operational efficiency - Management acknowledged the potential of AI to improve operational efficiency and reduce operating expenses, emphasizing a focus on integrating AI into engineering and field operations [91]