Quanta Services (PWR) Investor presentation summary

Business overview and strategy

• Leading provider of integrated infrastructure solutions with North America's largest craft-skilled labor force and strategic supply chain capabilities.

• Demonstrates a long-term track record of operational excellence, accretive capital deployment, and consistent profitable growth.

• Growth strategy focuses on programmatic customer partnerships and repeatable revenue streams across diverse, craft-led capabilities.

• Differentiated self-perform model delivers labor, cost, and schedule certainty at scale.

• Strong cash generation and investment-grade balance sheet support organic growth, strategic M&A, and long-term shareholder value.

Financial performance and outlook

• Achieved a 25% adjusted EPS CAGR, 19% adjusted EBITDA CAGR, and 14% revenue CAGR from 2015-2025.

• 2025 consolidated revenues reached $28.5B, with 81% from electric infrastructure and 19% from underground utility solutions.

• Total backlog at 2Q26 was $53.4B, reflecting strong demand and visibility.

• Adjusted EBITDA margin expanded to 10.1% in 2025, with ROIC rising to 12%.

• 2026E revenue guidance midpoint is $39.5B, with adjusted EBITDA expected to reach $4.15B.

Market positioning and growth drivers

• Positioned at the center of a $2.4T total addressable market (TAM) across utility, power generation, and technology sectors for 2026-2030.

• Utility and grid modernization, electrification, and large-load infrastructure are key growth areas.

• Demand for skilled craft labor is expected to soar by 2030, with significant investments in workforce development and training.

• Flexible labor deployment enables rapid scaling and risk mitigation across converging end markets.

• Strategic acquisitions enhance capabilities, expand end-markets, and drive value creation.