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SEC filing on 2026-09-15: 8-K, 8-K filing: executive or director change; Regulation FD disclosure.
What the filing says (its own text, every fact in the card must come from here, and NAME the specific person, role and date it gives): 8-K false 0001050915 0001050915 2026-09-09 2026-09-09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): September 9, 2026 Quanta Services, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-13831 74-2851603 (Commission File No.) (IRS Employer Identification No.) 2727 North Loop West Houston , Texas 77008 (Address of principal executive offices, including ZIP code) (713) 629-7600 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of exchange on which registered Common Stock, $0.00001 par value PWR New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02(d) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 9, 2026, pursuant to the authority granted to the Board of Directors (the " Board ") by the Bylaws of Quanta Services, Inc. (" Quanta " or the " Company "), as amended and restated, the Board increased the size of the Board from ten to eleven directors and, upon the recommendation of the Governance and Nominating Committee of the Board, elected Ellen Rubin to serve as a director, filling the vacancy created by such increase. Ms. Rubin will serve as a director until the Company's next annual meeting of stockholders or until her earlier resignation or removal or when a successor is duly elected and qualified. Ms. Rubin has been appointed to the Audit Committee and the Safety, Operations and Risk Committee of the Board. Ms. Rubin will participate in the same compensation program and receive the same other benefits as each of the Company's non-employee directors. Specifically, for her service on the Board from her election through the end of the 2026-2027 director service year, Ms. Rubin will receive (i) a pro-rata annual cash retainers in the aggregate amount of approximately $105,000 for her service on the Board and committees of the Board and (ii) a pro-rata annual award of restricted stock units, which has a value of approximately $131,000 and vests in full upon conclusion of the director service year. Ms. Rubin has also entered into the Company's standard indemnification agreement for directors and officers. Additional information regarding the Company's non-employee director compensation program and the standard indemnification agreement are set forth in the Company's definitive proxy statement for the Company's 2026 annual meeting of stockholders, which was filed with the Securities and Exchange Commission on April 10, 2026. There are no arrangements or understandings between Ms. Rubin and any other person pursuant to which she was appointed as a director, and there are no transactions in which Ms. Rubin has a material interest that require disclosure under Item 404(a) of Regulation S-K, promulgated under the Securities Exchange Act of 1934, as amended (the " Exchange Act "), nor are any such transactions currently proposed. Item 7.01 Regulation FD Disclosure. On September 9, 2026, the Company issued a press release announcing the appointment of Ms. Rubin to the Board. A copy of the press release is furnished herewith as Exhibit 99.1. The information furnished in Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit 99.1 Press Release of Quanta Services, Inc. dated September 9, 2026 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 15, 2026 Quanta Services, Inc. By: /s/ Donald C. Wayne Name: Donald C. Wayne Title: Executive Vice President and General Counsel
Source: 8-K filing
Piper Sandler set a price target of $731 for the company on Tuesday. This is lower than the average target among all Wall Street analysts, which currently sits at about $789. Price targets are an analyst's estimate of where the stock will be in a year. While this specific target is more conservative than others, it still suggests the firm sees the stock rising about 12 percent from where it trades today.
Source: Piper Sandler
Quanta Services appointed Ellen Rubin to its Board of Directors on Wednesday. Rubin brings a background in technology and executive leadership to the group that oversees the company's long-term strategy. For a company like Quanta, which is increasingly focused on technical services and modernizing the power grid, adding technology expertise at the board level is a logical move. This is a routine addition to the leadership team and does not change the company's day-to-day operations or financial outlook.
Source: PRNewsWire
The board of directors approved a cash dividend of $0.11 per share for the quarter. This is a routine payment that companies make to share profits directly with their investors. On an annual basis, this adds up to $0.44 per share. For a company like Quanta, which is focused on building out the power grid and renewable energy systems, most of its cash is typically plowed back into the business to fund its massive workforce and equipment fleet. This small, steady dividend shows the company is generating enough cash to reward owners while still investing in its long-term growth projects.
Source: PRNewsWire
Keybanc, a firm that tracks the stock, raised its rating to Overweight, which means they expect the stock to perform better than the broader market. This upgrade reflects a positive view of the company's role in building the infrastructure needed for the energy transition and the rising power needs of data centers.
While the stock has already risen about 60 percent this year, analysts are increasingly confident that the company's massive backlog of signed contracts will turn into steady profit. The average price target across all firms tracking the stock now sits at about $786, which is roughly 16 percent higher than the current price.
Management consistently sets a bar they can clear, but recent massive beats show the business is outrunning even their own optimistic forecasts.
| Expectation | |
|---|---|
| EPS | $4.96 |
| Revenue | $10.91B |
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