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Debt Obligations (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Long-term Debt Obligations
Quanta’s long-term debt obligations consisted of the following (in thousands):
March 31, 2025December 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 program304,000 — 
Lease financing transactions156,747 155,549 
Other long-term debt3,697 4,939 
Finance leases46,428 47,993 
Unamortized discount and financing costs(30,274)(31,490)
Total long-term debt obligations4,433,723 4,162,436 
Less — Current maturities of long-term debt73,716 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 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):
Three Months Ended
March 31,
20252024
Maximum amount outstanding$741,565 $867,204 
Average daily amount outstanding$720,535 $841,295 
Weighted-average interest rate5.73 %6.80 %
Borrowings under the commercial paper program and the applicable interest rates were as follows (dollars in thousands):
Three Months Ended
March 31,
20252024
Maximum amount outstanding$564,429 $705,900 
Average daily amount outstanding $174,142 $216,075 
Weighted-average interest rate4.72 %5.80 %