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Debt Obligations (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Long-term Debt Obligations | Quanta’s long-term debt obligations consisted of the following (in thousands):
|  | March 31, 2025 |  | December 31, 2024
4.75% Senior Notes due August 2027 |  | $ | 600,000 |  |  | $ | 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 |  |  | 650,000 |
3.05% Senior Notes due October 2041 |  | 500,000 |  |  | 500,000 |
Borrowings under senior credit facility (including Term Loan) |  | 703,125 |  |  | 735,445 |
Borrowings under commercial paper program |  | 304,000 |  |  | — |
Lease financing transactions |  | 156,747 |  |  | 155,549 |
Other long-term debt |  | 3,697 |  |  | 4,939 |
Finance leases |  | 46,428 |  |  | 47,993 |
Unamortized discount and financing costs |  | (30,274) |  |  | (31,490) |
Total long-term debt obligations |  | 4,433,723 |  |  | 4,162,436 |
Less — Current maturities of long-term debt |  | 73,716 |  |  | 62,680 |
Total long-term debt obligations, net of current maturities |  | $ | 4,360,007 |  |  | $ | 4,099,756 |
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 Notes |  | Interest Amount |  | Payment Dates |  | Commencement Date
4.75% Senior Notes due August 2027 |  | $ | 14,250 |  |  | February 9 and August 9 |  | February 9, 2025
2.90% Senior Notes due October 2030 |  | $ | 14,500 |  |  | April 1 and October 1 |  | April 1, 2021
2.35% Senior Notes due January 2032 |  | $ | 5,875 |  |  | January 15 and July 15 |  | July 15, 2022
5.25% Senior Notes due August 2034 |  | $ | 17,063 |  |  | February 9 and August 9 |  | February 9, 2025
3.05% Senior Notes due October 2041 |  | $ | 7,625 |  |  | April 1 and October 1 |  | April 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):
|  | Three Months Ended |  |
|  | March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Maximum amount outstanding |  | $ | 741,565 |  |  | $ | 867,204 |  |  |  |  |
Average daily amount outstanding |  | $ | 720,535 |  |  | $ | 841,295 |  |  |  |  |
Weighted-average interest rate |  | 5.73 | % |  | 6.80 | % |  |  |  |
Borrowings under the commercial paper program and the applicable interest rates were as follows (dollars in thousands):
|  | Three Months Ended |  |
|  | March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Maximum amount outstanding |  | $ | 564,429 |  |  | $ | 705,900 |  |  |  |  |
Average daily amount outstanding |  | $ | 174,142 |  |  | $ | 216,075 |  |  |  |  |
Weighted-average interest rate |  | 4.72 | % |  | 5.80 | % |  |  |  |

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