closed income $X.XX. out good quarter Thanks, Today, stock another at the fourth revenues by and quarter billion. fourth we of attributable record share per operational earnings Net or record announced million performance was adjusted diluted exceptional Overall, the everyone. Duke, morning, share diluted $X.XX fourth and was quarter common year Quanta. to a $X.X per for $XXX of
and segment. revenues across benefited the execution segment higher electric Our outstanding from
and segment by underground performed from increased the operating led fourth quarter, Additionally, operations. volumes income well our in business base our
however, segment, primarily regulations changes attributable solar delays, we the were the negatively impacted quarter. renewables project Our which market by discussed the unanticipated third was that in to in
delays pressured These operating challenges, margins. created cost which absorption
segment's basis XXX but operating which fourth charges project in margin the points was acquisition, was Additionally, impacted due discontinued acquired on the implementation company, to our the impairment an prior at approximately to negatively by quarter. software commenced
$XX provider, broadband $XX the associated anticipated positioned growth with Below Ultimately, ahead. the unrealized loss in in million our targets sale a call. which Group the million interest unrealized portfolio chain be Offsetting of against to an quarter year, unconsolidated gain the of fixed technology a which this supply complex and Further equity wireless found accompanying commentary a on value recorded the quarter segment non-integral $XX regulatory remain interest. well we pressures the of quarter our common was for fourth loss 'XX for inflationary Holdings, comparing line, of aggregate, fourth unrealized each the million and challenges, environment, in our the our this delivered to we backdrop reduced zero. an attributable against Starry and affiliate, was of an of carrying for in investment can non-controlling the investment 'XX ownership fourth slides to
each level. Project our was segments the backlog from and project previously the increases 'XX across the attributable of fourth in record including at another $XX.X a quarter MSAs. total quarter, Pathway extensions significant new announced to of The are volumes multiple increase billion and Our under Power Colorado awards third increases end and expected
the record was billion, also our of a of which and XX-month level for demand the solutions-based steady core believe $XX.X markets our indicator growing Our of approach. backlog strength is we at another
year. $XXX following we a with free terminated XXXX, free Peruvian was our for cash the of cash flow $XXX cash quarter generated of flow Contributing fourth free proceeds resulting flow million the $XXX our the arbitration project. For of in telecommunications of insurance million, associated favorable million of subsidiary’s ruling collection to
included million XXXX, arrangements for a measured those and Blattner compared flow line the deferred previously of to with million quarter was to our proceeds, fourth fourth days projects. payroll expectations our with planned in the was $XX of reduction the in payments of with change the acquisition, cash of accordance still XXXX. Excluding taxes Act in control for CARES X outflows $XX third associated to DSO quarter related related primarily XX approximately of days of quarter which due XXXX, favorable billing and certain
December renewable amounts contract quarters, at with project asset certain customer Canadian X work Resolution currently continue that in balance. prior XX, into of the the extend discussed these the to Regarding of DSO to we've X we could to address XXXX of represent and days XXXX. transmission
the the near be in project While remain position, in by term. our we will DSO confident our pressured
at had under agreement. billion of our ratio credit X.X and calculated debt-to-EBITDA as a We total $X.X liquidity year-end of
release, As acquisitions. for we make million million, the today's of paid of acquisitions. strategic In cash combined of in and of consideration at in was time to three mentioned we identify we approximately which continue $XXX XXXX, total approximately in businesses January $XXX the acquired investments
year. of our we Additionally, million $XXX common the stock approximately during repurchased
our our across end markets multiyear guidance. duration and Turning earnings tailwinds growth to are we our create The in year visibility full and growth XXXX in potential. robust, believe the our driving long remains
complementary accelerates, operations valuable more As our our we infrastructure to become for will of the of energy customers. the the necessary transition build-out capabilities the believe even
better portfolio generate. our they performing, and aggregate solutions emphasize to earnings the the understand designations we'll the of continue help work of power segment investors we're While
level to That remarks said, our speak expectations at a the following will segment XXXX. for
and segment, it XXXX As revenues billion relates $XX.X Electric to ranging we billion. expect the Power between $XX
infrastructure. expectations the and of of around over generate Our revenues $XXX Notably, will XXXX. emergency the in compared our base modernize the million line by Also operations, XXXX lead we business North rebuild utilities to included million existing activities a expect levels. $XXX growth services communications driven to XXXX American with which million little segment included restoration the replace, in $XXX to required primarily revenue, are outsourcing our continues segment, in within
We and includes in between to and which expect segment to Power the $XX margins of Electric earnings venture range $XX portion Puerto largest XX.X% million XXXX our operating million Rico. joint from contributions the between the XX.X%, for LUMA of relates of affiliates, unconsolidated integral which
be growing to expect the in decline fourth. third seasonality the seasonal a perspective, we mid-single-digit then quarter, from the 'XX, From first a through in quarter growth followed quarter first sequentially revenues lowest by with
XX% be We and second likely Solutions will around expect slightly then and expected the the by third we margins half to billion X%, in between fourth year, XXXX increasing segment XXXX. the $X.X range and quarter the improve the revenues second 'XX as are The in Energy headwinds declining the Renewable year fourth growth of market into full in should $X.X over solar Infrastructure lowest billion, for meaningfully believe operating to the quarter. faced quarters compared
confidence within important at year are it's approximately levels. these range to construction, guidance of think revenues revenues in to billion We full us already various our our that of giving deliver of for planned our stages note in ability $X renewables,
the we would margins We for segment level operating the Energy expect lower expect. X% for XXXX year, than to the normally Renewable around be slightly X.X% that
in and and half expected ramp second leadership, required meaningfully project needs 'XX the administrative the the equipment in support specialized invested in We've of project activity to 'XX. into
of quarter. weighs the in first particularly margins, cost the on investment However, that
volumes strengthen in We X%, quarter the for year. each for X% be lowest sequential and expect throughout the should to likely year, the as quarter the increase first but margins between
the million the the segment lowest between and sequentially in revenue then year, be to a slightly growing first in for $XXX third quarter $XXX million fourth. revenues quarter, expect the From and the declining perspective, seasonality we into
year it's the of As into type visibility there ranges could segments, the as the of nature or and on possible renewable electric the a that work gain reminder, progress be through the initial depending outside more be these activity for performing, movements we and we'll generation support.
expected With Underground slight to year and currently are billion, due Solutions decline is Utility volumes compared revenue range regard year reduction, are full This Despite of led pipeline $X.X million our revenue projects, between larger are we to which in and to and the the margins the for $X.X in XXXX. operating the a X.XX% Infrastructure around decline range million of billion XXXX, by to but $XXX anticipating almost XXXX. between segment, contributed expected in $XXX lower activities segment. revenue be base range to business to X.XX%
From with then be 'XX with the revenues a revenues operating first line the margins to with and to we quarter. expect decline the fourth perspective, quarters seasonality in a in expect revenues, in X%. segment seasonal quarter around improve and first We in margins third second quarter
and and over billion quarter stands EBITDA we for revenues to adjusted billion. the margins ranges for our expectation between of This it support of expected $XX.X be adjusted of $X.X billion fourth XXXX expect revenues today, EBITDA As billion adjusted to annual year. record EBITDA midpoint $X.X full operating the $XX.X of lowest These 'XX represents year another consolidated segment XX%. at the level with
$X.XX $X.XX year XXXX XX.XX% With attributable adjusted stock diluted rate we range these and and Of we $X.XX between estimate note, to to XX.XX%. our between estimate per be diluted earnings GAAP share range and non-GAAP the to operating for and $X.XX. results, common earnings per will of for tax our be share
potentially stock-related associated tax negligible, the between equity the and plan. vesting value due however, awards under dynamics The value first be date rate, our of to increase date quarter discrete compensation with favorable grant zero will
activity creating we with of remain the XXXX our be expenditures investment value million however, flow end while billion million, repurchase between of give currently within free our remain committed, by with capital year throughout committed, however, expect retaining target ability shareholder X.Xx We and of to range Xx to grade to and We $XXX rating. strategic around to $XXX the be range to should -- opportunistic leverage acquisitions which the cash XXXX. $X us
we stock our approximately availability XXXX, million have $XXX on into remaining Going of repurchase program. current
for in quantaservices.com. on reminder, backdrop. As ability macroeconomic results summary in the Quanta confidence transition that release driving with of provided earnings end-to-end uncertain was at versatility IR infrastructure be providing in continue website give support found comprehensive details solutions. The required strength we've early America's a to the more investment our and our us outlook North energy our is posted its and stages an and against to connection guidance can continue opportunity portfolio in still industry-leading to The creates
of to ability are along growth Our breadth solutions have navigate last three confident continue trajectory. landscape to relationships and us years, to attributes our economic and critical the be the of our our proven the those in expected position double-digit we
presentation, This now and Q&A. line for formal concludes open the our we'll Operator?
