The following table presents Quanta’s equity investments by type (in thousands): | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Equity method investments - integral unconsolidated affiliates | | $ | 283,262 | | | $ | 265,094 | | | Equity method investments - non-integral unconsolidated affiliates | | 94,663 | | | 76,134 | | | Non-marketable equity securities | | 55,962 | | | 70,453 | | | Total equity investments | | $ | 433,887 | | | $ | 411,681 | |
The following table presents Quanta’s equity in earnings (losses) from integral and non-integral unconsolidated affiliates (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Equity in earnings from integral unconsolidated affiliates | | $ | 11,590 | | | $ | 14,444 | | | $ | 26,059 | | | $ | 27,373 | | | Equity in losses from non-integral unconsolidated affiliates | | $ | (6,406) | | | $ | (499) | | | $ | (8,677) | | | $ | (417) | |
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