What Quanta Services's FY2025 10-K says: 12 signals
Quanta Services filed its latest 10-K with the SEC on Feb 19, 2026. It discusses backlog growth, market expansion and capacity constraint.
Public (PWR)Oil and Gas10,000+ employeesquantaservices.comLinkedIn
- Filed
- Feb 19, 2026
- Period
- FY2025
- Fiscal year end
- 12/31
- Filings
- 1
10-K · latest 10
What Quanta Services's 10-K filings say
- SEC EDGAR
10-K · FY2025
Filed · Fiscal year ends 12/31 · 12 signals
Quanta is modernizing Puerto Rico's 18,000-mile electric grid via its LUMA Energy JV
Through its 50% stake in LUMA Energy, Quanta is engaged in a massive, long-term project to modernize the entire electric transmission and distribution system in Puerto Rico.
50%
equity interest in LUMA Energy, LLC
LUMA Energy, LLC
The company is exposed to significant legal and financial liability from wildfires potentially caused by infrastructure they serviced.
Quanta restructured into two new segments, Electric and Underground, effective Q1 2025
A CEO-driven reevaluation of performance assessment and resource allocation led to a major reorganization, consolidating prior segments.
Accelerated electricity demand from data centers and AI is driving significant capital investment
Quanta's utility customers are facing unprecedented load growth from data centers, AI, and electrification, forcing them to increase capital spending on grid expansion and new generation.
AI
The CEO's reevaluation of performance metrics and resource allocation resulted in a major reorganization of reporting segments.
Quanta capitalizing on utility spending for grid hardening against wildfires and severe weather
Utilities are implementing significant system resiliency programs, particularly in California and other regions, to prevent wildfires and manage storm impacts.
smart grid
Company sees sizable, long-term investments in renewable generation and energy storage
Driven by low energy costs and clean energy preferences, demand for renewable generation (wind, solar) and battery storage is increasing.
Strategic focus on installing 'smart grid' technologies for utility grid modernization
Quanta is capitalizing on utility customers' push to integrate smart grid technologies for improved grid management and efficiency.
smart grid
Managing these government-funded projects requires robust project management, compliance, and reporting capabilities.
5Gfiber
Company relies on subcontractors for 20% of its work, creating performance risk
Approximately 20% of Quanta's work is performed by subcontractors, exposing the company to significant risk from third-party performance failures or delays.
20%
of work subcontracted to other service providers
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Questions about Quanta Services 10-K
When did Quanta Services file its latest 10-K?
What does Quanta Services's latest 10-K say about legacy modernization?
Where can I find Quanta Services's annual report?
Source. Annual reports (Form 10-K) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .