KBR Stock Price, News & Analysis

KBR (NYSE: KBR) has secured a Project Management Consultancy (PMC) contract from AMUFERT for their $2 billion fertilizer plant project in Soyo, Angola. The facility will produce 2,300 metric tons per day of ammonia and 4,000 metric tons per day of urea.

KBR's scope includes overseeing the engineering, procurement, and construction phases. This contract supplements KBR's previous involvement in the project, which included technology licensing, engineering design, equipment, and catalyst solutions.

The project aims to enhance agricultural productivity, create jobs, and establish Angola as a leading African fertilizer producer, contributing to regional food security. KBR's expertise in ammonia technology is demonstrated by their involvement in over 260 grassroot ammonia plants worldwide since 1943.

KBR reported strong Q4 and fiscal year 2024 results with significant growth. Q4 revenues reached $2.1 billion, up 23% (15% organic), with net income of $76 million and Adjusted EBITDA of $228 million, up 21%. For FY2024, revenues were $7.7 billion, up 11% (9% organic), with net income of $375 million and Adjusted EBITDA of $870 million, up 16%.

The company maintained strong bookings with $8.8 billion and a 1.1x book-to-bill ratio for the year. KBR returned $297 million to shareholders through share repurchases ($218 million) and dividends ($79 million). The Board approved a 10% dividend increase and expanded the share repurchase authorization to $750 million.

KBR announced a segment realignment effective for fiscal 2025, with Government Solutions being renamed to Mission Technology Solutions. The company's backlog stands at $21.2 billion, with over 75% of projected 2025 revenues already under contract.

KBR (NYSE: KBR) has announced the unanimous election of Lt. General Wendy M. Masiello as Lead Independent Director, effective from the company's 2025 annual meeting of stockholders in May 2025. Lt. General Masiello, who has served on KBR's Board since August 2017, currently chairs the Cybersecurity Committee and serves on the Compensation Committee and Sustainability & Corporate Responsibility Committee.

As a three-star General of the U.S. Air Force, Masiello brings extensive experience and deep understanding of KBR's strategic vision and operations. The appointment follows a thorough Board evaluation process, with KBR Chair General Lester L. Lyles highlighting Masiello's leadership capabilities, operations experience, and accomplished government career as key qualifications for the role.

The Board has also enhanced the Lead Independent Director duties, which are detailed in the Company's Corporate Governance Guidelines.

KBR (NYSE: KBR) has announced a quarterly dividend declaration of $0.165 per share on the company's common stock. The dividend will be paid on April 15, 2025, to stockholders of record as of March 14, 2025. The dividend applies to KBR's common stock with a par value of $0.001 per share.

KBR has announced its participation in two major investor conferences in February 2025. At the TD Cowen 46th Annual Aerospace and Defense Conference, Executive VP & CFO Mark Sopp and VP of Investor Relations Jamie DuBray will engage in a fireside chat on February 12, 2025, at 11:30 a.m. ET. This session will be accessible via live webcast through KBR's Investor Relations website at investors.kbr.com.

Additionally, Jamie DuBray will represent KBR at Citi's 2025 Global Industrial Tech and Mobility Conference on February 19, 2025, participating in investor meetings.

KBR (NYSE: KBR) has secured a contract from Weardale Lithium to develop one of Europe's most advanced lithium brine extraction demonstration facilities in Eastgate, County Durham, UK. The project combines KBR's PureLi® technology with Geolith SAS' Li-Capt® Direct Lithium Extraction (DLE) technology to produce battery-grade lithium carbonate from geothermal groundwater.

The facility is designed to scale up to a commercial production target of 10,000 tons per annum, with initial battery-grade lithium carbonate production expected in early 2026. The project is projected to contribute over £1bn to the North East England economy and is recognized in the UK Government's Critical Minerals Strategy as important for the country's transition to a net-zero economy.

KBR has secured a $187M task order from the U.S. Department of State to deliver medical support services in Iraq. The Medical Support Services Iraq (MedSSI) task order, operating under the Diplomatic Platform Support Services (DiPSS) contract, will run for five years through 2029.

Under this contract, KBR will manage a Diplomatic Support Hospital and four clinics supporting the U.S. Embassy in Iraq, serving over 4,000 personnel. The company will provide comprehensive medical care including primary, urgent, and emergency services. The medical team will offer specialized care in areas such as surgery, orthopedics, neurology, gynecology, radiology, emergency medicine, critical care, mental health and triage.

This marks KBR's first medical support contract with the State Department, building on their experience providing health services to NASA and U.S. military personnel.

KBR has secured a contract to support Saudi Aramco's Master Expansion Program, focusing on increasing gas handling capacity at key regional locations through 2028. The project involves enhancing the capacity of Shaybah field's four Gas-Oil Separation Plants (GOSPs), power plant, and well injection facilities.

The initiative emphasizes sustainability through integration of carbon-free energy alternatives, carbon capture, and gas reinjection to reduce emissions. The project includes optimizing existing equipment and evaluating a greenfield facility to support Saudi Aramco's 2060 net-zero goals.

KBR's involvement in Saudi Arabia extends over four decades, contributing to energy, infrastructure, and sustainability sectors in alignment with Saudi Arabia's Vision 2030.

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.