Core Insights - Quanta Services, Inc. reported third-quarter consolidated revenues of $7.63 billion for 2025, a significant increase from $6.49 billion in the same quarter of 2024, reflecting strong demand and operational performance [1][2] - The company achieved a net income attributable to common stock of $339.4 million, or $2.24 per diluted share, compared to $293.2 million, or $1.95 per diluted share, in the prior year [1][6] - Adjusted diluted earnings per share rose to $3.33 from $2.72 year-over-year, indicating robust earnings growth [1][6] Financial Performance - Year-to-date cash flow from operations reached $1.1 billion, with free cash flow of $726.3 million [1] - For the nine months ended September 30, 2025, revenues totaled $20.64 billion, up from $17.12 billion in the same period of 2024, with net income attributable to common stock increasing to $712.9 million from $599.7 million [6][1] - The adjusted diluted earnings per share for the nine months was $7.59, compared to $6.03 in the previous year [6] Backlog and Future Outlook - Quanta Services reported a record backlog of $39.2 billion, driven by accelerating demand in the Electric segment and strong activity across various end markets [2][3] - The company anticipates continued double-digit earnings per share growth in 2026, supported by its strategic focus on delivering certainty to customers and expanding addressable markets [3][2] - Quanta's long-term outlook remains positive, with expectations for revenues in 2025 to range between $27.8 billion and $28.2 billion, and net income attributable to common stock projected between $987.1 million and $1.06 billion [8][7] Strategic Developments - Quanta has expanded its total solutions platform to address growing power generation and infrastructure needs, particularly in response to increasing electricity demand from sectors like data centers and manufacturing [4][11] - The company was selected by NiSource to provide power generation and grid infrastructure solutions capable of producing approximately 3 gigawatts of power for a large load customer [11][4] - Quanta completed five acquisitions in the first nine months of 2025, enhancing its capabilities and market reach [4][11]