$FLR

Fluor (FLR) reported a Q2 earnings beat, driven by strong project awards and a larger backlog focused on nuclear energy and data centers. Analysts note this shift could support long-term cash generation and profitability, with some raising price targets. However, risks include project timing, cost control, and legacy contract issues. Analysts project revenues of $19.7B and earnings of $497.9M by 2029, with a potential 13% upside.

Fluor (FLR) shares rose 6.1% to $57.52 in pre-market trading, nearing a 52-week high, driven by analyst upgrades and strong Q2 earnings. Truist raised its target to $71, UBS initiated coverage with a $66 target. Q2 EPS was $0.91 vs. $0.71 expected, on $4.33B revenue. The move contrasts with broader market declines.

Fluor Corporation (FLR) rose 3.7% following its Q2 2026 earnings report, which showed 9% revenue growth to $4.3B and $0.91 adjusted EPS. New awards reached $6.1B, increasing backlog to $26.9B. Analysts raised price targets post-earnings, despite trimmed full-year EBITDA guidance.

The U.S. Army's Project Janus selected five companies, including BWX Technologies (BWXT) and Westinghouse (partly owned by Cameco Corp. (CCJ)), to deploy microreactors at military bases. The Nuclear Energy Launch Pad added 13 new projects, including Lightbridge (LTBR) and Oklo (OKLO). The U.S. Army will invest up to $2.2 billion through 2031, with reactors operational by 2028. These initiatives highlight the expansion of advanced nuclear energy programs.

Nepal's flood reconstruction may cost $5 billion, benefiting engineering firms like AECOM (ACM) and Fluor (FLR). Nepal seeks international funding, with contracts likely through multilateral channels. AECOM and Fluor have significant backlogs, but contracts are contingent on procurement timelines. Ongoing flood risks may delay reconstruction. No contracts have been issued yet, and investors should monitor procurement portals for updates.

The U.S. Department of Energy (DOE) allocated up to $1 billion to support X-Energy's advanced nuclear reactor project in Texas. Funds will primarily support domestic supply chain partners like Curtiss-Wright, Mirion Technologies, and Fluor. The Range Nuclear Renaissance Index ETF (NUKZ) offers investors exposure to these companies.

Fluor (FLR) reported Q2 2026 sales of $4.33B, up from $3.98B a year earlier, but net income fell to $114M from $2.46B. The company continued its share buyback program, repurchasing 6.14M shares for $299.06M in the quarter. Analysts focus on Fluor's ability to convert its backlog into profitable work amid lower earnings and cash flow concerns. The company projects $18.3B revenue and $443.7M earnings by 2029, requiring 6.4% yearly revenue growth.

Fluor (FLR) reported Q2 2026 revenue of $4.3 billion, up 9% year over year, and adjusted EBITDA of $149 million. Adjusted EPS rose to $0.91. New awards were $6.1 billion and ending backlog $26.9 billion after a $650 million Mexico joint venture divestiture. 2026 adjusted EBITDA guidance was narrowed to $500-$525 million.

Uzbekistan’s Ministry of Investment, Industry and Trade said it met with representatives of FLUOR Corporation to discuss cooperation to improve efficiency in Uzbekistan’s copper mining, beneficiation, and processing using advanced technologies. The ministry cited talks on modernizing mining operations and increasing domestic processing value, following a meeting on Aug. 12.

Fluor (FLR) shares fell 8.3% Monday after a 16.9% jump on Q2 results. The profit increase was attributed mainly to segment closeout and completion-related earnings that were already in guidance, not new project ramp-ups. Adjusted EPS beat ($0.91 vs $0.73) but 2026 adjusted EBITDA guidance stayed about $500m-$525m.