Texas Companies Deliver Record-Breaking Q3 Financial Results
Two Texas-headquartered infrastructure contractors have reported record third-quarter revenue, with demand for electrical infrastructure, data centers and advanced manufacturing driving substantial growth.
Quanta Services and Sterling Infrastructure both raised their full-year forecasts, supported by expanding project pipelines and strong earnings.
Quanta Services: $12 Billion Revenue and Record Backlog
Houston-based Quanta Services reported $12.01 billion in Q3 revenue, up 57.4% year-on-year, while net income more than doubled to $694.9 million.
Electrical infrastructure led the performance, generating $9.80 billion in quarterly revenue as utility, power generation, industrial and technology customers continued investing.
Key highlights:
• Revenue: $12.01 billion, up 57.4%. • Net income: $694.9 million, up approximately 105%. • Total backlog: Record $63.73 billion, up 62.7%. • Free cash flow: Approximately $1.2 billion. • Updated 2026 revenue forecast: $41.3 billion–$41.6 billion.
Quanta also disclosed approximately $245 million in acquisitions involving Houston- and Fort Worth-based businesses, expanding its engineering, manufacturing and electrical infrastructure capabilities.
Sterling Infrastructure: Revenue More Than Doubles
The Woodlands-based Sterling Infrastructure reported $1.56 billion in Q3 revenue, up 127% year-on-year, with net income rising 133% to $214.9 million.
Its E-Infrastructure Solutions division delivered the strongest growth, with revenue increasing 212% to $1.30 billion. Data centers, semiconductor facilities and mission-critical electrical construction remained central to that expansion.
Key highlights:
• Revenue: $1.56 billion, up 127%. • Net income: $214.9 million, up 133%. • Organic revenue growth: Approximately 70%. • Combined backlog: $6.14 billion, including $4.14 billion in signed contracts and $2 billion in unsigned awards. • Updated 2026 revenue forecast: $4.63 billion–$4.73 billion.
Sterling’s CEC electrical business contributed $425.6 million in quarterly revenue, strengthening the contractor’s position in complex electrical construction.
Read the full analysis in our reports section.