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 ...

Revenue Composition - In the first half of 2025, the revenue composition of Northern International is as follows: Engineering construction and services account for 46.02%, goods trade for 39.54%, metal packaging container sales for 9.19%, power generation income for 4.83%, and other businesses for 0.42% [1] Guarantee and Financial Metrics - On August 21, Northern International announced that the total approved guarantee amount for the company and its subsidiaries is 12.304 billion yuan, which represents 130.08% of the company's most recent audited net assets [3] - The total balance of external guarantees by the company and its subsidiaries is 10.969 billion yuan, accounting for 115.96% of the company's most recent audited net assets [3] - The total balance of guarantees for entities outside the consolidated financial statements is 7.754 billion yuan, which is 81.97% of the company's most recent audited net assets [3]