HOUSTON, May 25, 2017 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR ) announced today that its board of directors has authorized the company to repurchase up to $300 million in shares of its outstanding common stock through June 30, 2020. Quanta anticipates utilizing this repurchase program opportunistically from time to time as deemed appropriate, as well as to potentially offset dilution from future issuances of stock under its equity compensation programs or as consideration for future acquisitions. "This new stock repurchase program underscores our ongoing commitment to enhancing stockholder value and our confidence in Quanta's long-term growth prospects," said Duke Austin, President and Chief Executive Officer of Quanta Services. "Our strong balance sheet and cash flow enable us to opportunistically return value to stockholders over time while we continue to invest in internal and external opportunities that align with our strategic growth initiatives."