From traditional energy sources like natural gas and oil to newer alternatives like hydrogen and solar, the energy sector has evolved massively over the years. Yet, there is something unchanged — energy is still at the core of our daily lives.

Here is how Quanta Services (PWR) and Sterling Infrastructure (STRL) have performed compared to their sector so far this year.

HOUSTON , Aug. 7, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) ("Quanta") announced today the pricing of its offering (the "Offering") of (i) $600,000,000 aggregate principal amount of 4.75% senior notes due 2027 (the "2027 Notes") at a price to the public 99.818% of their face value, and (ii) $650,000,000 aggregate principal amount of 5.25% senior notes due 2034 (the "2034 Notes" and, together with the 2027 Notes, the "Notes") at a price to the public 99.409% of their face value. The Offering is expected to close on August 9, 2024, subject to the satisfaction of customary closing conditions.

Quanta Services (PWR) possesses solid growth attributes, which could help it handily outperform the market.

Quanta's (PWR) second-quarter results reflect continued demand for services given the focus on renewable energy and power grid infrastructure revamp.

The United States' switch from fossil fuels to green energy has been a hot-button issue for years. However, how fast those changes are implemented will depend on the government's policies.

Quanta's (PWR) second-quarter results benefit from strength in the Electric Power and Renewable Energy segments.

Quanta Services, Inc. (NYSE:PWR ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Kip Rupp - VP, IR Duke Austin - President and CEO Jayshree Desai - CFO Conference Call Participants Justin Hauke - Baird Sangita Jain - KeyBanc Capital Markets Brian Brophy - Stifel Jamie Cook - Truist Michael Dudas - Vertical Research Partners Alex Rygiel - B. Riley Securities Steven Fisher - UBS Neil Mehta - Goldman Sachs Chad Dillard - Bernstein Andy Kaplowitz - Citi Operator Greetings, and welcome to the Quanta Services Second Quarter 2024 Earnings Conference Call.

Although the revenue and EPS for Quanta Services (PWR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Quanta Services (PWR) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $1.65 per share a year ago.

Second  Quarter Consolidated Revenues of $5.59 Billion* Second  Quarter GAAP Diluted EPS of $1.26* and Adjusted Diluted EPS of $1.90* Net Income Attributable to Common Stock of $188.2 Million* and Adjusted EBITDA of $523.2 Million* Year-to-Date Cash Flow From Operations of $629.3 Million and Free Cash Flow of $439.8 Million Remaining Performance Obligations of $14.4 Billion* and Total Backlog of $31.3 Billion* Updating Full-Year 2024 Financial Expectations for the Expected Contribution of Cupertino Electric * =  Record quarterly or record second quarter result HOUSTON , Aug. 1, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today announced results for the three and six months ended June 30, 2024. Revenues in the second quarter of 2024 were $5.59 billion compared to revenues of $5.05 billion in the second quarter of 2023, and net income attributable to common stock was $188.2 million, or $1.26 per diluted share, in the second quarter of 2024 compared to net income attributable to common stock of $165.9 million, or $1.12 per diluted share, in the second quarter of 2023.

Quanta Services' (PWR) second-quarter results are likely to reflect more demand for infrastructure solutions that help support customers' energy-transition initiatives and modernization.