Quanta Q3 revenue $7.63B, adj EPS $3.33, record backlog $39.2B; wins NiSource 3 GW project

QUANTA SERVICES, INC.

2025-Q3 EPS reported $4.72 revenue$20,637,749,000

Q3 total revenues $7.63B (record), up 17.5% YoY from $6.49B; GAAP diluted EPS $2.24 vs $1.95 YoY
Adjusted diluted EPS $3.33 vs $2.72 YoY; net income $339.4M; adjusted EBITDA $858.3M (records)
Total backlog $39.2B (record); RPO $21.0B (record); 2025 revenue guidance raised on electric segment acceleration
NiSource selected Quanta (JV with Zachry) to design/build ~3 GW generation and grid infrastructure; execution starts 2026, completion by 2032
Cash flow from ops YTD $1.1B; free cash flow $726.3M

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