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Debt Obligations (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Long-term Debt Obligations
Quanta’s long-term debt obligations consisted of the following (in thousands):
 December 31,
 20242023
0.95% Senior Notes due October 2024
$— $500,000 
4.75% Senior Notes due August 2027
600,000 — 
2.90% Senior Notes due October 2030
1,000,000 1,000,000 
2.35% Senior Notes due January 2032
500,000 500,000 
5.25% Senior Notes due August 2034
650,000 — 
3.05% Senior Notes due October 2041
500,000 500,000 
Borrowings under senior credit facility (including Term Loan)735,445 867,137 
Borrowings under commercial paper program— 705,900 
Lease financing transactions
155,549 102,955 
Other long-term debt4,939 6,279 
Finance leases47,993 39,577 
Unamortized discount and financing costs(31,490)(23,142)
Total long-term debt obligations4,162,436 4,198,706 
Less — Current maturities of long-term debt62,680 535,202 
Total long-term debt obligations, net of current maturities$4,099,756 $3,663,504 
Schedule of Maturities of Long-term Debt
As of December 31, 2024, principal payments required to be made during the next five years are set forth in the table below. The payments required under finance leases are provided in Note 11.
2025$51,039 
2026$688,395 
2027$609,517 
2028$6,809 
2029$27,253 
Schedule of Long-term Debt Instruments 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
4.75% Senior Notes due August 2027
$14,250 February 9 and August 9February 9, 2025
2.90% Senior Notes due October 2030
$14,500 April 1 and October 1April 1, 2021
2.35% Senior Notes due January 2032
$5,875 January 15 and July 15July 15, 2022
5.25% Senior Notes due August 2034
$17,063 February 9 and August 9February 9, 2025
3.05% Senior Notes due October 2041
$7,625 April 1 and October 1April 1, 2022
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):
Year Ended December 31,
202420232022
Maximum amount outstanding$1,262,736 $1,004,677 $1,684,783 
Average daily amount outstanding$855,033 $929,201 $1,250,493 
Weighted-average interest rate6.62 %6.62 %3.03 %
Borrowings under the commercial paper program and the applicable interest rates were as follows (dollars in thousands):
Year Ended December 31,
20242023
2022 (1)
Maximum amount outstanding
$1,415,000$938,400$707,300
Average daily amount outstanding
$362,220$644,942$462,359
Weighted-average interest rate
5.37 %5.82 %4.47 %
(1)    The amounts in this column represent activity beginning on the date Quanta first issued its commercial paper notes, which was September 2, 2022, through December 31, 2022.