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Revenue Recognition and Related Balance Sheet Accounts (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Disaggregated by Geographic Location and Contract Type The following tables present Quanta’s revenue disaggregated by contract type and by geographic location, as determined by the job location (in thousands):
Three Months Ended March 31,
20262025
By contract type:
Fixed price contracts$4,773,804 60.6 %$3,755,326 60.2 %
Unit-price contracts1,722,206 21.9 1,455,486 23.4 
Cost-plus contracts1,378,777 17.5 1,022,522 16.4 
Total revenues$7,874,787 100.0 %$6,233,334 100.0 %
Three Months Ended March 31,
20262025
By primary geographic location:
United States$7,361,610 93.4 %$5,788,053 92.9 %
Canada276,024 3.5 210,246 3.4 
Australia201,244 2.6 171,087 2.7 
Others35,909 0.5 63,948 1.0 
Total revenues$7,874,787 100.0 %$6,233,334 100.0 %
Contract Assets and Liabilities
Contract assets and liabilities consisted of the following (in thousands):
March 31, 2026December 31, 2025
Contract assets$1,609,786 $1,522,186 
Contract liabilities$3,840,282 $3,258,465 
Composition of the Allowance for Credit Losses
Activity in Quanta’s allowance for credit losses consisted of the following (in thousands):
 Three Months Ended
March 31,
 20262025
Balance at beginning of period$15,706 $15,185 
(Decrease) increase in provision for credit losses(598)948 
Write-offs charged against the allowance net of recoveries of amounts previously written off(440)(582)
Balance at end of period$14,668 $15,551