Just Two Days After Record Performance... CEO Sells 1 Trillion Won in Company Shares

Quanta Services, Inc. (NYSE: PWR), a U.S. power and energy infrastructure contractor, reported record first-quarter 2026 results on April 30, with revenue of approximately $7.9 billion (KRW 10.7 trillion) and adjusted diluted EPS of $2.68. The company simultaneously raised its full-year guidance for revenue, earnings, and EBITDA. On the same day, Quanta disclosed $26.2 billion of remaining performance obligations and a total backlog of $48.5 billion (roughly KRW 60 trillion), and unveiled a mid- to long-term plan to more than double adjusted EPS by 2030.

On May 4, the chief accounting officer sold about $3 million of company stock (approximately KRW 40 billion), and on May 5, the CEO sold roughly $120 million (around KRW 1.6 trillion) in the open market. Despite these sales, both executives still hold equity stakes valued at several hundred million to over a billion dollars.

Investors have focused on Quanta’s strong Q1 performance, the upward revision to its 2026 guidance, and its record backlog aligned with expansions in power grids, data centers, and renewable energy projects. Since the earnings release, the stock has rallied in double digits, driven by the improved guidance and historic backlog.

Quanta Services provides comprehensive, turnkey construction services specializing in power transmission and distribution, renewable energy, pipelines, and communications infrastructure across North America. With sustained demand for infrastructure investments—such as aging grid replacement, transmission capacity expansion, and the build-out of renewable energy facilities and data centers—the industry’s bidding base is broadening, and Quanta is growing its business through large-scale, long-duration projects.