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$FLR
FLUOR CORP
Fluor provides engineering, procurement and construction (EPC), project management and other professional and technical services to clients in industries worldwide, as well as to the U.S. government and other governments. Its work spans engineering and design, project management, procurement, construction, operations and maintenance, and consulting. Fluor’s three principal segments are Urban Solutions, serving markets such as advanced technology and manufacturing, life sciences, mining and metals, infrastructure and staffing; Energy Solutions, serving oil and gas, chemicals, LNG and power markets, including nuclear and other low-carbon energy; and Mission Solutions, providing government services in areas including nuclear security, environmental remediation, military operations and disaster recovery. Fluor earns money through reimbursable contracts, under which clients pay negotiated costs and fees, and lump-sum or guaranteed maximum contracts. Headquartered in Irving, Texas, Fluor operates through subsidiaries and joint ventures worldwide.
Fluor reported Q3 2026 profit of $158M, up from a $697M loss last year, with revenue increasing 10% YoY to $3.72B. CEO Jim Breuer highlighted 25 potential megaprojects, averaging $4.5B, in power, mining, and other sectors, with backlog up 21% YoY to $34.3B. Fluor expects earnings to grow as recent awards contribute from 2027, peaking in 2028.
Citigroup kept its Buy rating on Fluor but reduced its price target from $68 to $66, citing a 2.9% decrease. The new target suggests a 42% upside from Fluor's Nov 6 close of $46.48.
Truist Securities kept its Buy rating on Fluor but reduced its price target from $71 to $62, a 12.7% cut. The new target suggests a 33.4% upside from Fluor's Nov 6 close of $46.48.
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FLR sentiment & insider activity
Over the past 7 days, AlphAI's AI scored 19 news stories mentioning FLR (FLUOR CORP). Coverage has skewed bullish: 16 bullish, 0 neutral, and 3 bearish.
Recent FLR coverage spans financial news and earnings.
What's driving FLR
The announced megaproject pipeline and record awards suggest a material revenue boost in coming years.
AlphAI scores every news story that mentions FLR with an AI model for sentiment and relevance, and aggregates insider trades from FLUOR CORP's SEC EDGAR Form 4 filings. Figures refresh continuously.
Fluor reported Q3 2026 profit of $158M, up from a $697M loss last year, with revenue increasing 10% YoY to $3.72B. CEO Jim Breuer highlighted 25 potential megaprojects, averaging $4.5B, in power, mining, and other sectors, with backlog up 21% YoY to $34.3B. Fluor expects earnings to grow as recent awards contribute from 2027, peaking in 2028.
Citigroup kept its Buy rating on Fluor but reduced its price target from $68 to $66, citing a 2.9% decrease. The new target suggests a 42% upside from Fluor's Nov 6 close of $46.48.
Truist Securities kept its Buy rating on Fluor but reduced its price target from $71 to $62, a 12.7% cut. The new target suggests a 33.4% upside from Fluor's Nov 6 close of $46.48.
Fluor (FLR) secured several projects: supporting X-Energy's nuclear reactor in Washington, expanding a Chilean mining operation, and energy/data center deals in Venezuela and with TeraWulf. These wins align with Fluor's core engineering and construction services, potentially reshaping its business mix and reinforcing its focus on high-margin, low-risk projects. Investors should monitor backlog quality and earnings for progress.
X-energy hired Fluor to engineer the nuclear island for its Amazon-backed Cascade SMR plant in Washington. The plant's first phase includes four 80 MWe reactors, totaling 320 MWe. X-energy's shares rose 8.4% following the announcement, according to Investing.com.
Fluor reported Q3 2026 revenue of $3.72B, up 10% YoY, and net earnings of $158M, reversing a prior-year loss. Adjusted EPS rose to $0.77. New awards reached $10.9B, including LNG Canada Phase 2. Backlog grew 21% to $34.3B. The company affirmed its 2026 adjusted EBITDA guidance of $500M-$525M.
FLUOR CORP (FLR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Fluor Corporation Brett Turner Exhibit 99.1 6700 Las Colinas Blvd Media Relations Irving, Texas 75039 864.281.6976 tel 469.398.7000 main tel Jason Landkamer Investor Relations 469.398.7222 tel News Release FLUOR REPORTS THIRD QUARTER 2026 RESULTS • Revenue of $3.7 billion up 10%
Fluor reported $10.9B in Q3 awards, a record, and a 21% year-over-year backlog growth to $34.3B. The company maintained its 2026 adjusted EBITDA guidance of $500M–$525M, according to the release.
Fluor has received full notice to proceed with the Fourth Grinding Line Expansion Project at Sierra Gorda Sociedad Contractual Minera's copper-molybdenum operation in Chile. The EPCM contract, valued undisclosed, will be recognized in Fluor's Q3 2026 results. The project aims to increase ore-processing capacity from 130,000 to 165,000 tonnes per day. Construction is scheduled to begin in 2027, according to Fluor.
Fluor Corporation (FLR) secured an EPC contract with TeraWulf Inc. (WULF) to build three data centers in Kentucky. The deal, announced on 4 November 2026, includes engineering, procurement, construction, and commissioning. Fluor expects to recognize the award in Q4 2026, with project completion phases starting late 2027. TeraWulf has secured Google-backed financing for the project.