Pipeline
& Industrial
Building out our foundation to serve the broader needs of our customers.
From large- and small-diameter pipelines to natural gas distribution systems and pipeline facilities, Quanta remains the largest pipeline solutions provider in North America. On this foundation we have further enhanced our market reach with an array of industrial services. As a result, we have changed the name of this segment to better represent the diversity of our offerings. In 2018, our industrial, pipeline integrity and gas distribution services led the growth of our base business activity, and this segment experienced strong revenue growth overall.
Pipeline Infrastructure Long-Term Outlook
The increasing development of low-cost hydrocarbon resources is driving demand for pipeline and related infrastructure and providing growth opportunities for Quanta.
The shale revolution in North America continues to reshape the global energy market and provide near- and long-term opportunities for Quanta’s business. The United States is now the largest producer of oil and natural gas in the world and for the first time has become a net exporter of these resources. This change has happened fairly quickly, but the infrastructure required to transport, store and process all of this new production has not kept pace with growth.
Source: U.S. Energy Information Administration
Source: U.S. Energy Information Administration
Industrial Services Long-Term Outlook
Our 2017 acquisition of Stronghold gave Quanta a fantastic group of companies, strong leadership team and a well-positioned platform to expand and grow our industrial services business. We are focused on delivering the critical-path and complementary solutions that refinery and petrochemical customers absolutely must have to keep their operations running safely and efficiently. Serving industrial customers in this way advances our strategy to continually strengthen our foundation of ongoing base business.
Quanta’s industrial services operations had a record year in 2018 and are well-positioned for continued growth. These operations are a strong contributor to our strategy to grow our repeatable and sustainable services activity.
