v3.26.1
Revenue Recognition and Related Balance Sheet Accounts (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Disaggregated by Geographic Location and Contract Type The following tables present Quanta’s revenue disaggregated by contract type and by geographic location, as determined by the job location (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
By contract type:
Fixed price contracts$6,083,463 63.7 %$3,948,454 58.3 %$10,857,267 62.3 %$7,703,780 59.2 %
Unit-price contracts1,770,593 18.5 1,734,144 25.6 3,492,799 20.0 3,189,630 24.5 
Cost-plus contracts1,702,941 17.8 1,090,409 16.1 3,081,718 17.7 2,112,931 16.3 
Total revenues$9,556,997 100.0 %$6,773,007 100.0 %$17,431,784 100.0 %$13,006,341 100.0 %
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
By primary geographic location:
United States$9,103,463 95.2 %$6,279,010 92.8 %$16,465,073 94.5 %$12,067,063 92.9 %
Canada215,750 2.3 238,406 3.5 491,774 2.8 448,652 3.4 
Australia206,610 2.2 198,104 2.9 407,854 2.3 369,191 2.8 
Others31,174 0.3 57,487 0.8 67,083 0.4 121,435 0.9 
Total revenues$9,556,997 100.0 %$6,773,007 100.0 %$17,431,784 100.0 %$13,006,341 100.0 %
Contract Assets and Liabilities
Contract assets and liabilities consisted of the following (in thousands):
June 30, 2026December 31, 2025
Contract assets$1,534,265 $1,522,186 
Contract liabilities$4,241,933 $3,258,465 
Composition of the Allowance for Credit Losses
Activity in Quanta’s allowance for credit losses consisted of the following (in thousands):
 Three Months EndedSix Months Ended
June 30,June 30,
 2026202520262025
Balance at beginning of period$14,668 $15,551 $15,706 $15,185 
(Decrease) increase in provision for credit losses(2,392)654 (2,990)1,602 
Write-offs charged against the allowance net of recoveries of amounts previously written off(120)(575)(560)(1,157)
Balance at end of period$12,156 $15,630 $12,156 $15,630