Quanta Services: Expansion into Power Generation, Renewable Energy Backlog Growth & Other Factors!

Quanta Services has released their third quarter 2025 results reporting impressive figures with record growth in several financial metrics, including double-digit increases in revenue, adjusted EBITDA, and adjusted EPS compared to the previous year. The company’s backlog reached a record $39.2 billion, indicating robust demand and a strong position going into 2026. This growth can be attributed to heightened activity in their Electric segment and the broader infrastructural needs driven by the transformation within the energy sector. A significant highlight is Quanta Services’ announcement of an expanded total solutions power generation platform. This development capitalizes on their extensive experience and capabilities in constructing power generation infrastructure, including renewable energy and battery storage solutions. A notable project under this platform is Quanta’s engagement with NiSource, which involves undertaking the design, procurement, and construction of generation and infrastructure resources projected to produce approximately 3 gigawatts of power.