Earnings call briefThird-quarter 2026
Quanta Services now expects 2026 free cash flow of $2.5 billion to $3 billion
Desai said the range reflects greater than 60% conversion of adjusted EBITDA at the midpoint.
GetSignal Quanta Services PWR
Quanta Services said on its third-quarter call that it now expects 2026 free cash flow of $2.5 billion to $3 billion. Desai said 55% to 60% remains the right way to think about the company's cash flow profile, and that 2026 looks to be at the high end of that range or higher.
Quotes from the call
“Regarding cash flow, after a historically strong first 9 months of the year, we now expect free cash flow to range between $2.5 billion to $3 billion, which would represent another annual record and reflect greater than 60% conversion of adjusted EBITDA at the midpoint.”
Key facts from the call
- Expected 2026 free cash flow
- $2.5 billion to $3 billion
- 2026 revenue outlook change at midpoint
- Up approximately $1.9 billion from prior outlook
- Implied 2026 adjusted EBITDA margin at midpoint
- 10.7%
Source: Quanta Services' third-quarter 2026 earnings call, October 29, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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