What was the prior repurchase program and how much did Quanta spend?

Quanta's prior repurchase program expired on June 30, 2026. Under that program, the company repurchased 540,788 shares in the open market for approximately $135 million, representing an average price of about $249.65 per share. No information is provided about the original size or authorization date of the prior program in this filing.

How does Quanta expect to execute the $1 billion buyback?

The filing states the company may repurchase shares through 'open-market or privately negotiated transactions.' This language is typical of Rule 10b-18 safe-harbor repurchases, which allow companies to buy back shares on the open market subject to volume, timing and price limitations. The specific execution mechanism (10b5-1 plan, ASR, or other method) is not detailed in this press release.

When can Quanta begin repurchasing shares under the new program?

The filing states the program was authorized in May 2026 and the company 'may repurchase, from time to time' the shares. The press release does not specify a commencement date, expiration date, or any blackout periods. Typically, such programs remain open-ended unless otherwise terminated by the board.

What share count should investors use to model the impact of the buyback?

As of Q2 2026, Quanta's weighted average diluted shares outstanding were 152.4 million shares. The $1 billion program at current market prices could retire roughly 4–5% of shares, though actual execution will depend on stock price movements. Investors should monitor quarterly filings for repurchase activity under the new program.

Is Quanta balancing the buyback with other uses of capital?

Yes. In Q2 2026 and July 2026, Quanta completed four acquisitions for $1.24 billion in aggregate upfront cash consideration. The company also declared and will pay a quarterly dividend of $0.11 per share ($0.44 annualized). Management stated it is 'significantly increasing' 2026 financial guidance, suggesting confidence in organic growth and the ability to fund acquisitions, dividends and buybacks from cash flow.

How much remaining authorization does Quanta have under the new program?

The filing does not disclose any repurchases executed under the new $1 billion program since its May 2026 authorization. Therefore, the full $1 billion remains available for repurchase as of the July 30, 2026 press release date, though the company may have executed repurchases after quarter-end not yet reported.

PWR 8-K Filed 2026-07-30 New authorization

Quanta Services authorizes new $1 billion share repurchase program

Board approves buyback as earnings exceed expectations; prior program expired with 540,788 shares repurchased.

Authorization$1.0B

What the filing says

Quanta Services' Board of Directors authorized a new $1 billion share repurchase program in May 2026, under which the company may repurchase up to $1 billion of its outstanding common stock through open-market or privately negotiated transactions. The new program replaces a prior repurchase program that expired on June 30, 2026.

Under the expired prior program, Quanta had acquired 540,788 shares of its outstanding common stock in the open market for a total cost of approximately $135 million. This implies an average repurchase price of approximately $249.65 per share over the life of that program.

The company announced the new authorization as part of strong second-quarter 2026 results, with consolidated revenues of $9.56 billion and net income attributable to common stock of $451.4 million, or $2.96 per diluted share. Quanta also declared a quarterly cash dividend of $0.11 per share ($0.44 annualized) in May 2026. The repurchases are expected to execute through Rule 10b-18 open-market purchases, though the specific execution mechanism for the new program is not detailed in this filing.

Rule 10b-18 open-market purchases or privately negotiated transactions

In May 2026, Quanta's Board of Directors authorized a new stock repurchase program under which the company may repurchase, from time to time, up to $1 billion of its outstanding common stock through open-market or privately negotiated transactions. — QUANTA SERVICES, INC. 8-K filing · View on SEC EDGAR →

What this means

The $1 billion authorization represents a capital allocation decision by Quanta's management reflecting confidence in the company's financial position and growth trajectory. With weighted average diluted shares outstanding of approximately 152.4 million shares (as of Q2 2026), the $1 billion program could theoretically retire 4–5% of shares at current market valuations, though actual execution will depend on market conditions and competing capital priorities. The company also returned capital via a $0.44 annualized dividend, signaling a balanced approach to shareholder returns while maintaining flexibility for acquisitions—Quanta completed four acquisitions totaling $1.24 billion in aggregate upfront consideration during the second quarter and July 2026.

Frequently asked questions

What was the prior repurchase program and how much did Quanta spend?: Quanta's prior repurchase program expired on June 30, 2026. Under that program, the company repurchased 540,788 shares in the open market for approximately $135 million, representing an average price of about $249.65 per share. No information is provided about the original size or authorization date of the prior program in this filing.
How does Quanta expect to execute the $1 billion buyback?: The filing states the company may repurchase shares through 'open-market or privately negotiated transactions.' This language is typical of Rule 10b-18 safe-harbor repurchases, which allow companies to buy back shares on the open market subject to volume, timing and price limitations. The specific execution mechanism (10b5-1 plan, ASR, or other method) is not detailed in this press release.
When can Quanta begin repurchasing shares under the new program?: The filing states the program was authorized in May 2026 and the company 'may repurchase, from time to time' the shares. The press release does not specify a commencement date, expiration date, or any blackout periods. Typically, such programs remain open-ended unless otherwise terminated by the board.
What share count should investors use to model the impact of the buyback?: As of Q2 2026, Quanta's weighted average diluted shares outstanding were 152.4 million shares. The $1 billion program at current market prices could retire roughly 4–5% of shares, though actual execution will depend on stock price movements. Investors should monitor quarterly filings for repurchase activity under the new program.
Is Quanta balancing the buyback with other uses of capital?: Yes. In Q2 2026 and July 2026, Quanta completed four acquisitions for $1.24 billion in aggregate upfront cash consideration. The company also declared and will pay a quarterly dividend of $0.11 per share ($0.44 annualized). Management stated it is 'significantly increasing' 2026 financial guidance, suggesting confidence in organic growth and the ability to fund acquisitions, dividends and buybacks from cash flow.
How much remaining authorization does Quanta have under the new program?: The filing does not disclose any repurchases executed under the new $1 billion program since its May 2026 authorization. Therefore, the full $1 billion remains available for repurchase as of the July 30, 2026 press release date, though the company may have executed repurchases after quarter-end not yet reported.

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Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.