Quanta Services Announces Quarterly Cash Dividend and New $1 Billion Stock Repurchase Program
Rhea-AI Summary
Quanta Services (NYSE:PWR) declared a quarterly cash dividend of $0.11 per share, or $0.44 annually, payable July 13, 2026 to shareholders of record on July 1, 2026.
The board also approved a new $1 billion stock repurchase program, replacing an existing plan expiring June 30, 2026.
Positive
- New stock repurchase authorization of up to $1 billion
- Quarterly dividend of $0.11 per share, or $0.44 annually
- Prior buybacks of 540,788 shares for approximately $135 million
Negative
- Share repurchases are discretionary with no obligation to buy a specific amount
- Board may modify or terminate the new repurchase program at any time without notice
News Market Reaction – PWR
In the May 22 session, PWR gained 0.91%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 19 | Investor conferences | Positive | +0.3% | Management participation in multiple institutional investor conferences and meetings. |
| Apr 30 | Earnings beat, guidance | Positive | +15.8% | Strong Q1 2026 results with raised full‑year revenue, EPS and EBITDA guidance. |
| Apr 15 | Earnings schedule | Neutral | -0.4% | Announcement of Q1 2026 earnings release date and webcast logistics. |
| Mar 20 | Dividend declaration | Positive | -3.9% | Quarterly cash dividend of $0.11 per share, annualized at $0.44 per share. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Shares have responded strongly to fundamental beats and guidance raises, while routine dividends and event announcements have produced modest or even negative moves.
Over the last few months, Quanta reported strong Q1 2026 results with revenue of $7.87 billion, net income of $220.6 million, and raised full‑year 2026 guidance, which coincided with a +15.78% move. Earlier, an Investor Day announcement and conference participation produced smaller positive reactions. A prior quarterly dividend declaration of $0.11 (annualized $0.44) on Mar 20, 2026 was followed by a -3.9% move, showing that income-focused actions have not always been rewarded.
Key Terms
stock repurchase program financial
common stock financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Additionally, the Board of Directors, in support of management's request, has authorized a new stock repurchase program that authorizes the company to purchase, from time to time, up to
Repurchases may be implemented through open-market or privately negotiated transactions, at management's discretion, based on market and business conditions, applicable contractual and legal requirements and other factors. Quanta is not obligated to acquire any specific amount of common stock, and Quanta's Board of Directors may modify or terminate the new repurchase program at any time at its sole discretion and without notice.
About Quanta Services
Quanta Services is an industry leader in providing specialized infrastructure solutions to the utility, power generation, load center, communications, pipeline, and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy, load center and communications infrastructure. With operations throughout
Cautionary Statement About Forward-Looking Statements and Information
This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements relating to expectations regarding the declaration, amount or timing of any future dividends; expectations regarding Quanta's business or financial outlook; Quanta's ability to deliver increased value or return capital to stockholders; and future capital allocation initiatives, including the amount and timing of, and strategies with respect to, any future cash dividends or repurchases of our equity securities; as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. These forward-looking statements are not guarantees of future performance, 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. We caution you that actual outcomes and results may differ materially from what is expressed, implied or forecasted by our forward-looking statements and that any or all of our forward-looking statements may turn out to be inaccurate or incorrect. 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 outside of the control of Quanta, quarterly variations in operating results, liquidity, financial condition, cash flows, capital requirements, reinvestment opportunities or other financial results; requirements relating to dividends under
Investors:
Kip Rupp, CFA, IRC
Sean Eastman
Quanta Services, Inc.
(713) 341-7260
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SOURCE Quanta Services, Inc.