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Debt Obligations (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Long-term Debt Obligations
Quanta’s long-term debt obligations consisted of the following (in thousands):
September 30, 2024December 31, 2023
0.950% Senior Notes due October 2024
$500,000 $500,000 
4.750% Senior Notes due August 2027
600,000 — 
2.900% Senior Notes due October 2030
1,000,000 1,000,000 
2.350% Senior Notes due January 2032
500,000 500,000 
5.250% Senior Notes due August 2034
650,000 — 
3.050% Senior Notes due October 2041
500,000 500,000 
Borrowings under senior credit facility (including Term Loan)776,174 867,137 
Borrowings under commercial paper program— 705,900 
Lease financing transactions144,083 102,955 
Other long-term debt5,277 6,279 
Finance leases45,321 39,577 
Unamortized discount and financing costs(32,774)(23,142)
Total long-term debt obligations4,688,081 4,198,706 
Less — Current maturities of long-term debt556,238 535,202 
Total long-term debt obligations, net of current maturities$4,131,843 $3,663,504 
Schedule of Interest on Senior Notes The interest amounts due on Quanta’s senior notes on each payment date are set forth below (dollars in thousands):
Title of the NotesInterest AmountPayment DatesCommencement Date
0.950% Senior Notes due October 2024 (1)
$2,375 April 1 and October 1April 1, 2022
4.750% Senior Notes due August 2027
$14,250 February 9 and August 9February 9, 2025
2.900% Senior Notes due October 2030
$14,500 April 1 and October 1April 1, 2021
2.350% Senior Notes due January 2032
$5,875 January 15 and July 15July 15, 2022
5.250% Senior Notes due August 2034
$17,063 February 9 and August 9February 9, 2025
3.050% Senior Notes due October 2041
$7,625 April 1 and October 1April 1, 2022
(1) Quanta repaid the $500.0 million aggregate principal amount of the 0.950% senior notes due October 2024 on October 1, 2024, and therefore no interest payments will be made after such date with respect to such notes.
Borrowings under Credit Facility and Applicable Interest Rates Borrowings under the senior credit facility and the applicable interest rates were as follows (dollars in
thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Maximum amount outstanding$1,262,736 $1,004,677 $1,262,736 $1,004,677 
Average daily amount outstanding$978,939 $965,022 $897,753 $928,318 
Weighted-average interest rate6.71 %6.70 %6.75 %6.39 %
Borrowings under the commercial paper program and the applicable interest rates were as follows (dollars in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Maximum amount outstanding$1,415,000 $810,500 $1,415,000 $841,400 
Average daily amount outstanding $456,212 $627,877 $325,171 $624,476 
Weighted-average interest rate5.15 %5.95 %5.50 %5.79 %