KBR Stock Price, News & Analysis

KBR has secured a global agreement with BP International for engineering, procurement and construction management (EPCM) services. The three-year contract, with a potential two-year extension option, covers both conventional and new energy sector projects worldwide, including onshore, offshore, greenfield, and brownfield developments.

The agreement builds upon KBR's 70-year relationship with BP and expands their existing engineering services partnership. Project teams will collaborate across multiple global locations, including Houston, Baku, India, Abu Dhabi, Oman, Singapore, Perth, and London. KBR has previously supported BP's projects in the U.S., North Sea, Iraq, Africa, and Azerbaijan, providing both EPCM services and licensed technology solutions.

KBR has announced its upcoming fourth quarter and fiscal 2024 earnings conference call, scheduled for Monday, February 24, 2025, at 3:00 p.m. Central Time (4:00 p.m. Eastern Time). The company will release its Q4 2024 earnings report and presentation before the call, making them available on the corporate website. Investors can access the conference call through a live webcast on the Investor Relations section at investors.kbr.com. Following the call, a replay will be accessible via the website or by phone at +1.866.813.9403 using passcode 718317.

KBR announced significant organizational changes and executive appointments to advance its strategic direction. The company is realigning its segments, with Government Solutions being renamed to Mission Technology Solutions (MTS), while Sustainable Technology Solutions (STS) retains its name. The legacy GS International business unit will be integrated into both segments.

Key executive changes include Byron Bright being appointed as Chief Operating Officer effective May 2025, and Stuart Bradie becoming Chair following the 2025 Annual Meeting. The company reaffirmed its 2027 financial targets, including consolidated revenues of $11.5 billion, Adjusted EBITDA of $1.15+ billion, and Operating Cash Flow of $700+ million. Both MTS and STS segments are targeting revenue CAGR of 11-15%, with Adjusted EBITDA margins of 9-10% and ~20% respectively.

KBR (NYSE: KBR) has been selected to provide its ammonia technology for Kazakhstan's first world-scale fertilizer complex. The company will deliver a technology license, proprietary engineering design, equipment, and catalyst solutions for KazAzot's 2,000 metric tons per day ammonia plant in Aktau. The project aims to address food security needs in Kazakhstan and neighboring countries.

KBR's PurifierTM ammonia technology is designed to provide enhanced operational efficiency and lower carbon footprint compared to conventional technologies. The company has licensed, engineered, or constructed over 260 grassroot ammonia plants worldwide since 1943.

KBR has secured an estimated $88 million task order contract from the Department of Defense Information Analysis Center (DoD IAC). The five-year contract, primarily based at Naval Air Station Patuxent River, focuses on rapid prototyping of new technologies for unmanned aviation platforms. KBR will develop and integrate new technologies into existing platforms, mature designs into producible products, and demonstrate these technologies in realistic environments.

This recompete win builds on KBR's 15-year track record of supporting unmanned systems across all four UAS program offices, including platforms such as ExTUAS, MQ-4C Triton, MQ-9A Reaper, and MQ‑25A Stingray.

KBR has secured a $445 million cost-plus-fixed-fee contract for the Joint Mission Environment Test Capability (JMETC) program under the Department of Defense Information Analysis Center. This five-year recompete contract supports the Office of the Secretary of Defense's Test Resource Management Center (TRMC).

The company will enhance JMETC's capabilities by researching, assessing, and addressing test and experimentation requirements across multiple DoD locations. The JMETC environment provides infrastructure for joint distributed test events by integrating live, virtual, and constructive test resources.

Building on 24 years of support, KBR has expanded its expertise in critical technology areas including AI/ML, hypersonics, big data, cybersecurity, and event support for large force exercises.

KBR has signed an agreement with AMUFERT to develop a new ammonia plant in Soyo, Angola. The contract includes technology licensing, engineering design, equipment, and catalyst solutions for a 2,300 metric tons per day facility. The project aims to enhance food security and self-sufficiency in Angola and neighboring countries. KBR, a global leader in ammonia technology, has been involved in over 260 grassroot ammonia plants worldwide since 1943.

KBR has secured a front-end engineering design (FEED) contract for the expansion of the Qalhat LNG complex in Sur, Oman. The project involves engineering services for the complex's fourth LNG train with a capacity of 3.8 million tons per annum, including the addition or expansion of utilities, an LNG tank, jetty, and associated infrastructure. The expansion aims to enhance Oman's natural gas liquefaction capacity to meet rising global energy demands while focusing on sustainable operations.

KBR reported strong Q3 2024 financial results with revenue reaching $1.9 billion, up 10% year-over-year. Net income was $100 million, with Adjusted EBITDA of $219 million, up 18%. The company secured $3.3 billion in new bookings with a 1.2x book-to-bill ratio. Notable achievements include the strategic acquisition of LinQuest and multiple contract wins in both Government Solutions and Sustainable Technology Solutions segments. Based on strong performance, KBR raised its 2024 guidance, projecting revenue of $7.5B-$7.7B and Adjusted EBITDA of $840M-$870M.