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Fluor reported record third-quarter new awards of $10.9 billion, lifting backlog to $34.3 billion, including a $7.5 billion LNG Canada award. Third-quarter revenue was $3.7 billion and adjusted EBITDA was $142 million.
Fluor Corporation reported third-quarter revenue of $3.7 billion, up 10%, EPS of $1.16 and record new awards of $10.9 billion. Backlog rose 21% to $34.3 billion, and the company affirmed 2026 adjusted EBITDA guidance of $500 – $525 million.
Fluor booked a $7.5 billion LNG Canada Phase 2 award, driving quarterly new awards to $10,872 million and backlog to $34,305 million at September 30, 2026. Nine-month net earnings attributable to Fluor were $432 million.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Record awards, including LNG Canada Phase 2, 21% backlog growth, revenue and adjusted EPS growth, strong cash flow, repurchases, affirmed 2026 guidance and preliminary low-double-digit 2027 adjusted EBITDA growth support the outlook. Risks include lower adjusted EBITDA and margin, weaker Energy Solutions underlying profitability, declines in Mission revenue and awards, nonrepeating Q3 closeouts and a potential approximately $2 billion backlog reduction.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | 351M | Nine Months Ended September 30, 2026 | — |
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| Adjusted EBITDA margin non-GAAP | 3.8% | Q3 2026 | — |
| Adjusted EPS non-GAAP | $1.8 | Nine Months Ended September 30, 2026 | — |
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| Adjusted Net Earnings non-GAAP | 255M | Nine Months Ended September 30, 2026 | — |
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| Adjusted net margin non-GAAP | 7.8% | Nine Months Ended September 30, 2026 | — |
| Adjusted segment profit (loss) non-GAAP | 453M | Nine Months Ended September 30, 2026 | — |
| At-cost revenue as a % of total revenue non-GAAP | 51% | Nine Months Ended September 30, 2026 | — |
| Backlog | 34.3B | Q3 2026 | — |
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| Backlog (Energy Solutions) | 10.68B | Q3 2026 | — |
| Backlog (Mission Solutions) | 4.45B | Q3 2026 | — |
| Backlog (Urban Solutions) | 19.17B | Q3 2026 | — |
| Backlog related to reimbursable projects | 69% | Q3 2026 | — |
| Consolidated segment profit non-GAAP | 426M | Nine Months Ended September 30, 2026 | — |
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| Energy Solutions | 8.63B | Nine Months Ended September 30, 2026 | — |
| Mission Solutions | 3.73B | Nine Months Ended September 30, 2026 | — |
| New awards | 19.66B | Nine Months Ended September 30, 2026 | — |
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| New awards (Energy Solutions) | 8.63B | Nine Months Ended September 30, 2026 | — |
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| New awards (Mission Solutions) | 3.73B | Nine Months Ended September 30, 2026 | — |
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| New awards (Urban Solutions) | 7.31B | Nine Months Ended September 30, 2026 | — |
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| New awards related to projects located outside of the U.S. | 66% | Nine Months Ended September 30, 2026 | — |
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| Segment profit (Energy Solutions) | 254M | Nine Months Ended September 30, 2026 | — |
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| Segment profit (Mission Solutions) | 29M | Nine Months Ended September 30, 2026 | — |
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| Segment profit (Urban Solutions) | 144M | Nine Months Ended September 30, 2026 | — |
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| Segment profit margin non-GAAP | 6.7% | Q3 2026 | — |
| Segment profit margin (Energy Solutions) | 13.7% | Q3 2026 | — |
| Segment profit margin (Mission Solutions) | 7.7% | Q3 2026 | — |
| Segment profit margin (Urban Solutions) | 4.3% | Q3 2026 | — |
| Share repurchases | 300M | Q3 2026 | — |
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| Total backlog | 34.31B | September 30, 2026 | — |
| Total new awards | 19.66B | Nine Months Ended September 30, 2026 | — |
| Total segment profit non-GAAP | 248M | Q3 2026 | — |
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| Total segment profit (loss) $ and margin % | 426M | Nine Months Ended September 30, 2026 | — |
| Urban Solutions | 7.31B | Nine Months Ended September 30, 2026 | — |
| Backlog related to projects located outside of the U.S. | 42% | As of June 30, 2026 | — |
| Backlog, June 30 | $26.89B | three months ended June 30, 2026 filing | — |
| Operating Cash Flow | -$317M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FLR
this stock
Fluor Corp
|
$6.28B | +23.6% | -5.0% | — | 9.7% |
|
PWR
Quanta Services, Inc.
|
$90.71B | +42.6% | +13.4% | 54.5 | 2.3% |
|
FER
Ferrovial N.V.
|
$44.32B | -4.5% | — | — | 0.7% |
|
FIX
Comfort Systems USA Inc
|
$38.92B | +19.2% | -73.9% | 24.0 | 2.5% |
|
EME
EMCOR Group, Inc.
|
$28.87B | +7.8% | +16.6% | 19.1 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Fluor booked a $7.5 billion LNG Canada Phase 2 award, driving quarterly new awards to $10,872 million and backlog to $34,305 million at September 30, 2026. Nine-month net earnings attributable to Fluor were $432 million.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FLR | +5.4% | +4.3% | +4.5% | +4.5% | +23.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +2.8% | +5.5% | +4.0% | +4.7% | +13.0% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
