May 1 (Reuters) - Energy contractor Quanta Services ( PWR )

beat first-quarter profit estimates and raised its

annual forecast on Thursday, aided by sustained strength in

demand for its infrastructure services.

The ongoing power grid modernization and electrification in

the U.S. and construction of data centers due to the AI boom is

helping infrastructure service providers.

Quanta also stands to benefit from the push for reshoring

manufacturing in the U.S. under the Trump administration as

companies look to shift global supply chains in response to

tariff pressures.

The company now expects its adjusted profit for 2025 to be

in the range of $10.05 to $10.65 per share, compared with its

prior forecast of $9.90 to $10.50.

Analysts on an average expected profit of $10.17 per share,

according to data compiled by LSEG.

Quanta posted quarterly adjusted profit of $1.78 per share,

compared with analysts' estimates of $1.67 according to data

compiled by LSEG.

Revenue for the quarter ended March 31 was $6.23 billion,

above analysts' average estimate of $5.86 billion.