Quanta Services

Additionally, year-to-date, Quanta repurchased 538,559 shares of its outstanding common stock in the open market for $134.6 million, and as of October 29, 2025, approximately $365.1 million remained under Quanta s stock repurchase program.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Free cash flow is defined as net cash provided by operating activities less net capital expenditures.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Net capital expenditures is defined as capital expenditures less proceeds from the sale of property and equipment and from insurance settlements related to property and equipment.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Management believes that free cash flow provides useful information to Quanta s investors because free cash flow is viewed by management as an important indicator of how much cash is provided or used by routine business operations, including the impact of net capital expenditures.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Management uses this measure for capital allocation purposes as it is viewed as a measure of cash available to fund debt payments, acquire businesses, repurchase common stock and debt securities, declare and pay dividends and transact other investing and financing activities.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Our strategy remains focused on delivering certainty to customers, investing in talent and technology, and expanding our addressable markets through disciplined growth.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

To that end, today we announce the expansion of our total solutions platform, which leverages Quanta s world-class capabilities to address growing power generation and infrastructure needs from rapidly increasing demand for electricity driven by data centers, manufacturing and reshoring, industrialization, electrification and power grid expansion.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

This expanded platform is focused on providing a fully integrated power generation and related infrastructure solution to high-quality customers for their generation development strategies.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

We believe these announcements reinforce our strategy to lead in large, converging markets where utilities, power consumers and industrial operators require scalable, integrated solutions.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

However, weather, regulatory, permitting, supply chain, trade policy, macroeconomic challenges and other factors affecting project timing and execution have impacted, and may impact in the future, Quanta s financial results.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Additionally, we continue to consider future uncertainty associated with overall challenges to the domestic and global economy, including inflation, interest rates and potential recessionary economic conditions.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Quanta s financial outlook for revenues, margins and earnings reflects management s effort to align these uncertainties with the backlog the Company is executing on and the opportunities expected to materialize during the remainder of 2025.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

These forward-looking statements are not guarantees of future performance; rather they involve or rely on a number of risks, uncertainties, and assumptions that are difficult to predict or are beyond our control, and reflect management s beliefs and assumptions based on information available at the time the statements are made.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Forward-looking statements can be affected by inaccurate assumptions and by known or unknown risks and uncertainties including, among others, market, industry, economic, financial or political conditions that are outside of the control of Quanta, including economic, energy, infrastructure and environmental policies and plans that are adopted or proposed by the U.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta s documents filed with the SEC that are available through Quanta s website at www.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Consolidated revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

GAAP EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Adjusted EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Quanta Services — Earnings release (8-K exhibit)EX-99Oct 30, 2025