The following table presents Quanta’s equity investments by type (in thousands): | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | Equity method investments - integral unconsolidated affiliates | | $ | 275,296 | | | $ | 265,094 | | | Equity method investments - non-integral unconsolidated affiliates | | 96,190 | | | 76,134 | | | Non-marketable equity securities | | 56,008 | | | 70,453 | | | Total equity investments | | $ | 427,494 | | | $ | 411,681 | |
The following table presents Quanta’s equity in earnings (losses) from integral and non-integral unconsolidated affiliates (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, | | September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Equity in earnings from integral unconsolidated affiliates | | $ | 9,987 | | | $ | 13,731 | | | $ | 36,046 | | | $ | 41,104 | | | Equity in losses from non-integral unconsolidated affiliates | | $ | (1,420) | | | $ | (80) | | | $ | (10,097) | | | $ | (497) | |
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