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Business Segments · Segment Operating Expenses

Underground and Infrastructure — Segment Operating Expenses

Quanta Services Underground and Infrastructure — Segment Operating Expenses decreased by 0.5% to $1.3B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.3%, from $1.21B to $1.3B. Over 3 years (FY 2022 to FY 2025), Underground and Infrastructure — Segment Operating Expenses shows an upward trend with a 8.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026Apr 30, 2026

How to read this metric

Higher expenses relative to revenue indicate lower operational efficiency or increased cost pressures within the segment.

Detailed definition

The total operating costs for the underground infrastructure segment, including both cash operating expenses and non-cas...

Peer comparison

Standard segment-level operating expense metric used across the construction and engineering sector.

Metric ID: pwr_segment_underground_and_infrastructure_segment_operating_expenses

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.01B$1.01B$1.01B$1.01B$1.16B$1.16B$1.16B$1.16B$1.07B$1.03B$1.17B$1.13B$1.21B$1.22B$1.34B$1.31B$1.3B
QoQ Change+0.0%+0.0%+0.0%+14.8%+0.0%+0.0%+0.0%-7.4%-4.5%+13.6%-3.0%+7.2%+1.0%+9.2%-2.3%-0.5%
YoY Change+14.8%+14.8%+14.8%+14.8%-7.4%-11.5%+0.5%-2.5%+12.9%+19.3%+14.7%+15.6%+7.3%
Range$1.01B$1.34B
CAGR+6.5%
Avg YoY Growth+8.3%
Median YoY Growth+14.7%
Current Streak2 quarters decline

Frequently Asked Questions

What is Quanta Services's underground and infrastructure — segment operating expenses?
Quanta Services (PWR) reported underground and infrastructure — segment operating expenses of $1.3B in Q1 2026.
How has Quanta Services's underground and infrastructure — segment operating expenses changed year-over-year?
Quanta Services's underground and infrastructure — segment operating expenses increased by 7.3% year-over-year, from $1.21B to $1.3B.
What is the long-term trend for Quanta Services's underground and infrastructure — segment operating expenses?
Over 3 years (2022 to 2025), Quanta Services's underground and infrastructure — segment operating expenses has grown at a 8.0% compound annual growth rate (CAGR), from $4.04B to $5.08B.
What does underground and infrastructure — segment operating expenses mean?
Total operating costs for the underground infrastructure segment including depreciation.