v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the estimated fair value of total consideration transferred or estimated to be transferred and the fair value of assets acquired and liabilities assumed recognized as of their respective acquisition dates as of June 30, 2026 for acquisitions completed in the six months ended June 30, 2026 (in thousands):
June 30, 2026
Consideration:
Cash paid or payable$1,086,438 
Value of Quanta common stock issued128,324 
Contingent consideration215,345 
Fair value of total consideration transferred or estimated to be transferred$1,430,107 
Cash and cash equivalents$187,915 
Accounts receivable432,008 
Contract assets99,059 
Inventories120 
Prepaid expenses and other current assets12,484 
Property and equipment44,606 
Operating lease right-of-use assets29,606 
Other assets30,349 
Identifiable intangible assets635,157 
Current portion of operating lease liabilities(4,293)
Accounts payable and accrued expenses
(210,464)
Contract liabilities(283,805)
Operating lease liabilities, net of current portion(25,313)
Insurance and other non-current liabilities(100)
Total identifiable net assets947,329 
Goodwill482,778 
Fair value of net assets acquired $1,430,107 
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived The following table summarizes the estimated fair values of identifiable intangible assets for the acquisitions completed in the six months ended June 30, 2026 as of the acquisition dates and the related
weighted average amortization periods by type (in thousands, except for weighted average amortization periods, which are in years).    
Six Months Ended June 30, 2026
Estimated Fair ValueWeighted Average Amortization Period in Years
Customer relationships$464,729 7.1
Backlog86,154 1.5
Trade names84,274 15.0
Total identifiable intangible assets$635,157 7.4
Fair Value Measurement Inputs and Valuation Techniques The following table includes the discount rates and customer attrition rates used to determine the fair value of customer relationships for businesses acquired during the six months ended June 30, 2026 as of the respective acquisition dates:
Six Months Ended
 June 30, 2026
RangeWeighted Average
Discount rates
15% to 17%
17%
Customer attrition rates
10% to 20%
10%
Summary of Contingent Consideration Liabilities The aggregate fair value of outstanding contingent consideration liabilities for acquisitions completed prior to June 30, 2026 and their classification in the accompanying condensed consolidated balance sheets is as follows (in thousands):
 June 30, 2026December 31, 2025
Accounts payable and accrued expenses$13,890 $7,333 
Insurance and other non-current liabilities800,512 586,496 
Total contingent consideration liabilities$814,402 $593,829 
Unaudited Supplemental Pro Forma Results of Operations
The following unaudited supplemental pro forma results of operations for Quanta, which incorporate the acquisitions completed in the six months ended June 30, 2026 and the year ended December 31, 2025, have been provided for illustrative
purposes only and may not be indicative of the actual results that would have been achieved by the combined companies for the periods presented or that may be achieved by the combined companies in the future (in thousands).
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Revenues$9,880,541 $7,823,919 $18,134,997 $15,128,323 
Net income attributable to common stock (1)
$421,979 $236,746 $637,911 $385,393 
(1) The pro forma results of operations for the three and six months ended June 30, 2026 include one-time acquisition-related expenses of $34.3 million ($25.4 million net of tax) for pre-acquisition transaction costs incurred by certain acquired businesses.
Included in Quanta’s condensed consolidated results of operations were the following revenues and income before income taxes related to acquisitions completed in the respective period (in thousands). Also included in Quanta’s condensed consolidated results of operations for the three and six months ended June 30, 2026 were acquisition costs of $17.2 million and $19.3 million related to the acquisitions completed in the six months ended June 30, 2026. Also included in Quanta’s condensed consolidated results of operations for the three and six months ended June 30, 2025 were acquisition costs of $6.6 million and $13.1 million related to the acquisitions completed in the six months ended June 30, 2025.
Three Months EndedSix Months Ended
June 30,June 30,
 2026202520262025
Revenues$87,059 $115,607 $87,059 $212,527 
Income before income taxes
$5,554 $2,953 $5,554 $2,260