Every day we work to make Quanta stronger. In 2017, we achieved solid results in our Electric Power and Oil & Gas business lines. We completed our largest project to date and were awarded the largest contract in company history, all while continuing to strengthen our core recurring business. We acquired Stronghold, which gives us a solid foundation in the downstream industrial and midstream markets. We reentered the communications infrastructure services market in the United States with a clear plan for growth. We accomplished many of our goals in 2017, and we look to the future with great optimism. We are confident in our business, because we are Quanta Strong.
Strength and stability come from a world-class workforce of more than 33,000 highly trained, team-focused employees, all holding safety as their highest priority.
Strength and stability come from the unmatched scope and scale that enabled our largest project to date and drove an increase in our core recurring business, which represents the majority of our revenues.
Strength and stability come from being North America’s market leader in electric power and oil & gas infrastructure solutions, which we accomplish by safely executing projects, on time, on budget, year after year.

Strategic Imperatives

Strategic Imperatives

Our strategic imperatives are geared to deliver profitable growth and strike the right balance between our recurring business and larger projects.

Our Workforce Is Our Foundation

Employing the best
Quanta Strong starts with our industry-leading workforce. We hire the best skilled personnel in the industry and support them with first-class training. And their expertise allows us to deliver world-class execution on every project and provide a foundation for the advanced solutions we provide our customers.

Safety & Training

Our top priority

Safety excellence is our number-one imperative. We can only execute for our customers when our people are safe, both on the job and at home, every hour of every day. We have built the largest skilled craft workforce in our industry because our people are trained to do the job correctly and safely. Personnel across our business lines receive world-class training at the Quanta Training Center. Our partnership with Sam Houston State University provides curriculum and field experience to develop our field leadership and project managers. And in early 2018, Quanta added to these industry-leading training programs and facilities by acquiring Northwest Lineman College (NLC), the preeminent school for developing electric power infrastructure services skills. We are expanding NLC’s curricula to include natural gas distribution and communications infrastructure services training.

Quanta Training Center

Our state-of-the-art training facility is located at our Lazy Q Ranch in La Grange, Texas. On our 2,300-acre campus, employees receive hands-on instruction from master trainers in a controlled environment, focusing on safety, skill development and certifications.

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Northwest Lineman College

NLC is the leading educational and training institution for the electric power industry and instructed approximately 5,600 people in 2017. It is the largest organization that trains across the full lifespan of a line worker’s career, from pre-apprenticeship through experienced lineman. The school was founded in 1993 in Boise, Idaho, and has additional campuses in California, Florida and Texas.

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Line School Development

The Quanta Training Center hosted its first electric line school class in the fall of 2017. The pre-apprentice program, lasting 15 weeks, graduated 43 students from more than 10 Quanta operating units. During the program, employees learn the fundamentals of electric linework, including climbing, rigging, transformers and distribution.

Sam Houston State University Partnership

Quanta’s partnership with Sam Houston State University (SHSU) started in 2016, establishing a business relationship and workforce development program. In addition to classroom course work, the program provides SHSU students hands-on experiences at the Quanta Training Center and summer internship opportunities. This relationship should help students develop job-specific skills, improve industry awareness and provide Quanta access to potential project managers and future leaders.

Quanta Training Center
at the Lazy Q Ranch

Infrastructure Solutions

Adding value

Quanta’s core competencies are well established. We are the market leader in executing linear construction projects in the industries we serve. On this foundation we have built, with our Infrastructure Solutions model, additional offerings that can be utilized through strategic partnerships with customers and capital partners. These solutions are designed to be a growth engine for each of our segments and geographies and are a core component of our strategy to deliver differentiated solutions to customers.

Infrastructure Solutions Model

Provide Solutions Across the Entire Spectrum

Infrastructure Solutions Drivers

First Infrastructure Capital Capital

In 2017, we established First Infrastructure Capital, a strategic capital partnership between Quanta and select infrastructure investors with up to $1 billion of available capital, including $80 million from Quanta, for investments in concessions, public private partnerships and private infrastructure projects. This partnership is part of Quanta’s broader strategy to provide fully integrated, differentiated solutions to our customers by leveraging our operational excellence, strong execution capabilities and project finance expertise.

Targeted infrastructure projects include:

• Greenfield construction or expansion opportunities in Quanta’s core markets and geographies, where Quanta is expected to provide its expertise and services   
• Long-term equity investments with appropriate risk-adjusted returns   
• Long-term off-take agreements   • Creditworthy counterparties
Financial Strength

Quanta generated record revenues and record adjusted earnings per share in 2017. Coupled with our strong balance sheet and liquidity position, we have the financial stability that customers can rely on.

Record Backlog

Quanta ended the year with record backlog in excess of $11 billion. We believe there is opportunity to achieve record backlog again in 2018.

(1) A reconciliation of adjusted diluted earnings per share from continuing operations (a non-GAAP measure) is set forth herein.

(2) Liquidity includes cash and cash equivalents and availability under our revolving credit facility as described in our Form 10K.

Core Business / Large-Scale
Strategically Focused, Operationally Diverse
A Solid Foundation

As our customers’ capital programs increase in size, scope and complexity, many are seeking a longer-term relationship with Quanta to deliver projects safely, on time and on budget. From design and engineering to construction and installation and maintenance and replacement, the services Quanta provides can address all aspects of the infrastructure life cycle.

Across our operations we are expanding and enhancing our capabilities and the services we offer. This allows us to move up the value chain with our customers by providing the resources needed to achieve their infrastructure goals, ensure quality and safety and provide price and timeline certainty.

Core Business
Electric Distribution

Through customer relationships, MSAs and alliances that often span decades, Quanta installs, repairs and maintains all parts of overhead and underground electric distribution systems, ranging from traditional line maintenance to technologically advanced solutions and services around a smart grid. This type of work occurs every day and provides a stable and growing foundation for our business.

Labrador-Island Link Electric Transmission Project

In 2017, Quanta completed construction on a historically significant and geographically daunting 350 kV high-voltage transmission line through some of the world’s most challenging terrain in Newfoundland and Labrador, Canada. Spanning 1,100 kilometers (km), Quanta installed more than 3,000 towers and nearly 3,000 km of conductor, completed more than 4,300 foundations and erected 34,100 metric tons of steel.

Core Business
Natural Gas Distribution

Like electric power distribution, our natural gas distribution operations have long-lasting and extensive customer relationships. Local gas distribution companies have embarked on a multi-decade initiative to modernize old gas distribution infrastructure for improved safety and reliability. Whether designing and building a new gas distribution system, or upgrading or replacing an existing system, Quanta handles our customers’ most complex gas distribution needs.

EPC Transmission & Distribution Project

Quanta is working on a large electric transmission and distribution EPC project for a California-based utility that is located primarily in a national forest area in southern California. Quanta’s scope of work for the project includes rebuilding and replacing approximately 145 miles of 12 and 69 kilovolt underground and overhead electric power infrastructure.

Core Business
Downstream Industrial Services

Quanta has provided critical services to the Gulf Coast processing industry for decades. Quanta strengthened its capabilities in 2017 through the acquisition of Stronghold, a market-leading downstream industrial services company. Our combined industrial services offering provides multiple platforms for future growth, including critical path services, storage tank construction and maintenance as well as high-voltage electric.

Sabal Trail Pipeline Project

Our work on a natural gas pipeline project for Sabal Trail Transmission, LLC was completed in 2017. Quanta’s two spreads of work included the installation of 255 miles of 24-inch and 36-inch diameter pipeline and several horizontal directional drilling procedures in Alabama and Florida. This interstate pipeline was designed to provide natural gas transportation services to utilities in the Southeast United States.

Houston La Porte Orange Beaumont Corpus Christi Rockport Florida Northern California
Keeping the power on

In 2017, communities along the Gulf Coast experienced a hurricane season of historic and devastating proportions. Quanta quickly mobilized a workforce of 5,000 linemen to restore power in storm-ravaged areas. Many of our employees were away from their own impacted homes, families and communities while restoring power for others.

Supporting the Community and Our Employees

The major hurricanes and California wildfires of 2017 impacted many Quanta employees. A large number of our people live along the Gulf Coast, some of whom experienced significant property damage. In response, we created the Quanta Cares employee relief fund.

Through contributions from Quanta, employees, vendors and other partners, we raised more than $1.4 million to assist Quanta employees with recovering from these and other natural disasters. Additionally, hundreds of our employees were active in their communities after the storms helping neighbors and other Quanta employees. We say that Quanta is a family, and the way our employees helped others in need exemplifies the Quanta culture.

Banner Year
Electric Power
Strong Year

Lower fuel costs, generation source switching and the need to modernize the North American power grid are driving major capital programs and robust business for our electric power group. Our everyday work grew strongly in 2017, and we expect continued growth going forward. We also expanded our engineering, procurement and construction (EPC) solutions to give customers greater cost certainty on critical projects. Our ability to safely deliver on-time, on-budget execution won Quanta its largest EPC project to date, and positions us well for other opportunities on the horizon.

Record Year
Oil & Gas
Strong Growth

In 2017, we secured and executed well on a number of large pipeline projects and continued to invest in our core solutions offerings, namely our recurring gas distribution business in the United States. We organically grew our gas distribution headcount by approximately 10 percent and extended the geographic scope of our operations into two new states, which gives us a presence in 25 states. We also made major inroads in the downstream industrial services market through the acquisition of Stronghold, allowing us to serve our customers in new ways.

Key Acquisition
Key Acquisition

Our 2017 acquisition of Stronghold immediately established Quanta as a leading provider of critical path solutions to the burgeoning downstream industrial services space. Many of our customers have operations across the energy stream and now have more ways to partner with us and benefit from the safe, world-class execution our craft skilled workforce provides. Beyond cross-selling and customer penetration opportunities, the acquisition diversifies our core business and gives us access to a range of new customers.

A Stonger Core
A Stonger Core

In 2017, we reentered the communications infrastructure services market in the United States. Due to our prior operations in the region and our existing operations in Canada and Latin America, this is a business we know very well and a natural expansion for Quanta, as we are able to leverage our existing resources and skill sets. With our exceptional execution abilities in linear construction, we were ready to assist our customers with their multi-year capital programs. In 2017, we booked $400 million in backlog in the United States alone, which has launched us into 2018 at full speed.

Comprehensive Approach
Integrated Solutions
Comprehensive Approach

Quanta has developed an unmatched breadth and depth of capabilities across the end markets we serve. Our extensive service offerings allow us to serve more customers in more ways and expand our relationships with customers by integrating multiple services and solutions.

Electric Power

  • Transmission
  • Distribution
  • Substation
  • Emergency Restoration
  • Energized Services
  • EPC Solar & Renewables
  • Engineering
  • Asset Management
  • Smart Grid


  • Fiber to the Home
  • Long-Haul Fiber
  • Aerial & Underground Construction
  • Wireless & Tower Solutions
  • Conversions, Upgrades & Maintenance Services
  • Engineering, Design & Permitting
  • Cable Plowing
  • Directional Drilling
  • Manhole Placing & Rebuilds

Oil & Gas

  • Mainline Pipeline
  • Compression, Metering, & Pumping Stations
  • Shale Midstream Pipe
  • Gas Distribution
  • Pipeline Integrity
  • Downstream Industrial Services
  • Horizontal Directional Drilling
  • Storage Facilites
  • Pipeline Logistics Management