SEC Comment Letter for QUANTA SERVICES, INC. (PWR) (CIK 0001050915) (PWR) — Apr 15, 2026
QUANTA SERVICES, INC. (PWR) (CIK 0001050915)
Date: April 15, 2026 · CIK: 0001050915 · Accession: 0000000000-26-003794
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-13831
Letter
April 15, 2026 Jayshree S. Desai Chief Financial Officer Quanta Services, Inc. 2727 North Loop West Houston, Texas 77008 Re:Quanta Services, Inc. Form 10-K for the fiscal year ended December 31, 2025 File No. 001-13831 Dear Jayshree S. Desai: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the fiscal year ended December 31, 2025 4. Revenue Recognition and Related Balance Sheet Accounts Performance Obligations, page 76 1.We note that 66.1% of your $23.76 billion remaining performance obligations as of December 31, 2025 is expected to be recognized within the next 12 months. Please tell us in what periods you expect to recognize the remaining 33.9% and how your current disclosures reflect the appropriate time bands for your arrangements. In that regard, please tell us how you considered disclosure around revenue expected to be recognized within 1 year, 2 years, etc. Refer to ASC 606-10-50-13(b). In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
April 15, 2026 Page 2 Please contact Ameen Hamady at 202-551-3891 or Jeffrey Lewis at 202-551-6216 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction
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April 15, 2026
Jayshree S. Desai
Chief Financial Officer
Quanta Services, Inc.
2727 North Loop West
Houston, Texas 77008
Re:Quanta Services, Inc.
Form 10-K for the fiscal year ended December 31, 2025
File No. 001-13831
Dear Jayshree S. Desai:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the fiscal year ended December 31, 2025
4. Revenue Recognition and Related Balance Sheet Accounts
Performance Obligations, page 76
1.We note that 66.1% of your $23.76 billion remaining performance obligations as of
December 31, 2025 is expected to be recognized within the next 12 months. Please tell
us in what periods you expect to recognize the remaining 33.9% and how your current
disclosures reflect the appropriate time bands for your arrangements. In that regard,
please tell us how you considered disclosure around revenue expected to be recognized
within 1 year, 2 years, etc. Refer to ASC 606-10-50-13(b).
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
April 15, 2026
Page 2
Please contact Ameen Hamady at 202-551-3891 or Jeffrey Lewis at 202-551-6216 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction