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Debt Obligations (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Long-term Debt Obligations
Quanta’s long-term debt obligations consisted of the following (in thousands):
March 31, 2026December 31, 2025
4.75% Senior Notes due August 2027
$600,000 $600,000 
4.30% Senior Notes due August 2028
500,000 500,000 
2.90% Senior Notes due October 2030
1,000,000 1,000,000 
4.50% Senior Notes due January 2031
500,000 500,000 
2.35% Senior Notes due January 2032
500,000 500,000 
5.25% Senior Notes due August 2034
650,000 650,000 
5.10% Senior Notes due August 2035
500,000 500,000 
3.05% Senior Notes due October 2041
500,000 500,000 
Borrowings under senior credit facility (including Term Loan)684,279 675,000 
Borrowings under commercial paper program252,000 316,000 
Lease financing transactions207,377 198,847 
Other long-term debt2,424 2,761 
Finance leases34,269 93,055 
Unamortized discount and financing costs(38,735)(40,757)
Total long-term debt obligations5,891,614 5,994,906 
Less — Current maturities of long-term debt689,694 763,898 
Total long-term debt obligations, net of current maturities$5,201,920 $5,231,008 
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
4.30% Senior Notes due August 2028
$10,750 February 9 and August 9February 9, 2026
2.90% Senior Notes due October 2030
$14,500 April 1 and October 1April 1, 2021
4.50% Senior Notes due January 2031
$11,250 January 15 and July 15January 15, 2026
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
5.10% Senior Notes due August 2035
$12,750 February 9 and August 9February 9, 2026
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,
20262025
Maximum amount outstanding$719,483 $741,565 
Average daily amount outstanding$671,267 $720,535 
Weighted-average interest rate4.97 %5.73 %
Borrowings under the commercial paper program and the applicable interest rates were as follows (dollars in thousands):
Three Months Ended
March 31,
20262025
Maximum amount outstanding$788,500 $564,429 
Average daily amount outstanding $462,847 $174,142 
Weighted-average interest rate3.94 %4.72 %