Quanta is Set to Report Q4 Earnings: Here's What Investors Must Know

Core Viewpoint - Quanta Services, Inc. (PWR) is set to report its fourth-quarter 2025 results on February 19, 2026, with a record backlog and raised guidance for 2025 following the third quarter [1] Financial Performance - In the last reported quarter, adjusted earnings and revenues exceeded the Zacks Consensus Estimate by 2.5% and 2.4%, respectively, with year-over-year growth of 22.4% in earnings and 17.6% in revenues [2] - The company reported revenues of $7.63 billion and a record backlog of $39.2 billion, indicating strong demand in the Electric segment [2] - The Zacks Consensus Estimate for fourth-quarter adjusted earnings per share (EPS) has decreased slightly to $3.00, reflecting a 2% increase from the previous year's EPS of $2.94, while revenue estimates are set at $7.28 billion, indicating an 11% year-over-year growth [3] Segment Performance - The Electric Infrastructure Solutions segment, which contributed 80.9% to third-quarter revenues, is expected to be the main growth driver due to ongoing demand for upgrades in transmission, substations, and distribution, as well as renewable energy integration [4] - The Underground Utility and Infrastructure Solutions segment, contributing 19.1% to revenues, may benefit from ongoing infrastructure projects and recent acquisitions, with additional support from technology and healthcare-related markets [5] - Revenue estimates for the Electric Infrastructure Solutions segment are expected to rise by 76% to $6 billion, while the Underground Utility and Infrastructure Solutions segment is projected to increase by 16.7% to $1.37 billion [8] Margin Analysis - Fourth-quarter margins are anticipated to be supported by the Electric Infrastructure Solutions segment's strength, with favorable project mix and operating leverage contributing to profitability [10] - However, margins may face pressure from inflation, supply chain constraints, and project timing variability, which could impact overall profitability [11] - Operating profit in the Electric Infrastructure Solutions segment is expected to grow to $647 million from $445 million year-over-year, while the Underground Utility and Infrastructure Solutions segment's operating profit is projected to increase to $111 million from $42.6 million [12]