Fluor eyes 25 potential megaprojects with average value of $4.5B

Fluor has been awarded an EPC contract by TeraWulf to build a $4B data center campus in Kentucky. The project includes three buildings, with completion phases starting in late 2027. Fluor's scope covers testing and commissioning, and the project has secured Google's credit support for debt financing.

Fluor Corporation was chosen by X-Energy to provide engineering and project management services for the Cascade Advanced Energy Facility, an SMR project in Washington. The facility will use X-Energy's Xe-100 reactor technology, with a planned capacity of 320 MW, expandable to 960 MW. Fluor will recognize the contract value in Q3. According to Fluor, the project supports decarbonization goals and leverages its nuclear expertise.

Fluor (FLR) reported Q3 Energy Solutions profit of $20M, excluding a $93M gain. Mission Solutions profit rose to $55M. CEO Jim Breuer highlighted growth from LNG Canada and potential multibillion-dollar awards. Fluor maintained 2026 adjusted EBITDA guidance of $500M-$525M and projected low-double-digit EBITDA growth for 2027. The company ended Q3 with $3.1B in cash and $186M in operating cash flow, planning $1.4B in share repurchases for 2026.

Fluor Corp (FLR) reported Q3 2026 earnings with record $10.9B in new awards, a $34.3B backlog, and $186M in operating cash flow. The company highlighted strong growth but noted margin pressure and a potential $2B backlog reduction. Full-year adjusted EBITDA guidance was maintained at $500-$525M. Management discussed future opportunities in data centers, energy, and nuclear projects, as well as M&A plans for 2027.

Fluor Corporation reported Q3 2026 earnings with record new awards of $10.9 billion and a $34.3 billion backlog. Management highlighted success in mega projects and strategic supply chain engagement. Urban Solutions is involved in a multibillion-dollar copper project, while Energy Solutions is transitioning into a new growth cycle. 2027 adjusted EBITDA is projected to grow in the low double digits, with share repurchases continuing.

Fluor Corp (FLR) reported Q3 2026 earnings, highlighting record new awards of $10.9B and a backlog of $34.3B, the highest in a decade. The company expects future growth from mega projects, including a $7.5B LNG Canada contract and a multibillion-dollar copper project in South America. Fluor emphasized its ability to execute large, complex projects and its focus on shareholder value through capital allocation. Revenue for Q3 was $3.7B, up from the previous quarter.