TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract from bp for the Tiber development in the Gulf of Mexico. The financial details of the Tiber contract have not been disclosed, but it is estimated to be between $600m and $800m. The contract was recorded in TechnipFMC's inbound orders for the fourth quarter of 2025 (Q4 2025). It builds on ongoing engineering and equipment work for bp’s initial 20,000 pounds per square inch Kaskida project in the ...

Company Overview - Argan is a diversified engineering and construction firm focusing on power generation, renewable energy, and infrastructure markets, leveraging technical capabilities and project management expertise to deliver complex projects for utility and industrial clients nationwide [6][9] - As of the latest market close, Argan's stock price is $325.96, with a market capitalization of $4.52 billion, revenue of $915.03 million, and net income of $119.93 million for the trailing twelve months (TTM) [4] Recent Developments - Alpine Investment Management initiated a new position in Argan, acquiring 60,000 shares valued at approximately $16.20 million as of September 30, which now accounts for 13.62% of Alpine's reportable U.S. equity assets [2][3] - Argan's stock has increased by 127% over the past year, significantly outperforming the S&P 500's 17% gain during the same period [3] Financial Performance - In the third quarter, Argan reported a net income of $30.7 million, or $2.17 per share, with EBITDA climbing to $40.3 million and margins expanding to 16% [10] - For the first nine months of the fiscal year, net income increased by over 60% year over year, and the company ended the quarter with over $726 million in cash and investments, with no debt [10] Project Backlog - Argan reported a record project backlog of approximately $3.0 billion, more than double the amount at the start of the fiscal year, primarily driven by new gas-fired power projects in Texas [7] - This backlog indicates years of revenue already secured, rather than mere projections [7] Market Position - The company's focus on hard assets and cash generation aligns with current investment trends, suggesting that Argan's stock has potential for further growth based on its backlog, margins, and liquidity [11]

2025 was a rollercoaster ride for Fluor . Shares hit 52-week highs of $57.50 per share on July 31 but plunged the very next day after the company reported sharply lower revenue and earnings. High costs because of some subcontractor errors and an unexpected arbitration ruling for a Mexican project completed in 2021 were to blame. Fluor's backlog also fell 13% year over year to $28 billion, reflecting a slowdown in key end markets.Fluor is a leading global engineering and construction firm, operating at scale ...

Core Insights - Aristides Capital has initiated a new position in Fluor Corporation, acquiring 224,842 shares valued at approximately $9.46 million as of September 30, representing about 2.84% of its total reportable U.S. equity assets [1][2]. Company Overview - Fluor Corporation is a global leader in engineering and construction services, focusing on energy, infrastructure, technology, and government projects [6]. - The company operates a project-driven business model, generating revenue through large-scale contracts in various sectors including energy transition, infrastructure, and government services [9]. Financial Performance - Fluor's revenue for the trailing twelve months (TTM) is reported at $15.59 billion, with a net income of $3.38 billion [4]. - The company's stock price as of the latest report is $40.69, reflecting a 20% decline over the past year, underperforming the S&P 500, which has increased by about 15% during the same period [3][4]. Recent Developments - Despite a challenging third quarter, where revenue fell 18% year over year, adjusted EBITDA increased by 29% to $161 million, and management has raised full-year adjusted EPS and EBITDA guidance [10]. - Fluor's backlog stands at $28.2 billion, with 82% being reimbursable, which mitigates risks associated with cost overruns [10][11]. - The company has repurchased $70 million of its stock in the quarter and plans to repurchase up to $800 million more by early 2026, supported by $2.8 billion in cash and marketable securities [11].

Key Takeaways Subsea7 won an EPCI contract for the Previously Produced Fields offshore Norway, covering subsea development.SUBCY said the contract follows a FEED award, with engineering and project management starting immediately.ConocoPhillips' project will tie back to the Ekofisk Complex, reducing timelines and costs.Subsea7 (SUBCY) has been awarded a contract for the development of the Previously Produced Fields (“PPF”) offshore Norway by ConocoPhillips (COP) . Per the terms of the contract, Subsea7 will ...

Luxembourg – 18 December 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a large1 contract by ConocoPhillips Skandinavia AS (ConocoPhillips) for the Previously Produced Fields (PPF) development, offshore Norway. Subsea7’s scope covers engineering, procurement, construction and installation (EPCI) of subsea structures, umbilicals, risers and flowlines (SURF). It follows the award on 19 May 20252 of a contract for front-end engineering and design that finalised the technical d ...

Core Insights - The energy-infrastructure sector is experiencing a significant transformation as utilities, data-center operators, and industrial customers seek to expand capacity and modernize grids [2] - Quanta Services, Inc. (PWR) and Fluor Corporation (FLR) are two major U.S.-listed contractors playing pivotal roles in this transformation, focusing on power generation, transmission, and large-scale EPC services [2][3] - Each company is adopting different strategies to navigate the current market cycle, with Quanta emphasizing execution certainty and integrated solutions, while Fluor is pursuing a more asset-light approach [3] Quanta Services, Inc. (PWR) - PWR is witnessing strong momentum in its core markets, particularly in electric infrastructure and renewable energy, with the Electric segment contributing 80.9% of total revenues in Q3 2025, amounting to $6.17 billion, reflecting a 17.9% year-over-year growth [5][10] - The company reported a record backlog of $39.2 billion at the end of Q3 2025, up from $33.96 billion a year ago, indicating strong demand across utility and technology-driven markets [6][10] - PWR anticipates ongoing strength in electricity needs, driven by data centers and manufacturing, which will support further investments in infrastructure [8] Fluor Corporation (FLR) - Fluor is capitalizing on healthy activity across key markets, with strong execution in Energy Solutions and progress in Mission Solutions, leading to improved performance in LNG, mining, and government services [11][12] - The company raised its full-year guidance due to stronger-than-expected performance and a total backlog of $28.2 billion, with 82% being reimbursable projects, indicating a lower-risk mix [12] - Fluor expects constructive conditions in LNG, clean energy, and government work, with a strengthening pipeline of engineering and EPC opportunities [14] Stock Performance & Valuation - Over the past six months, Quanta's share price has outperformed Fluor's and the Zacks Engineering - R and D Services industry [15] - Quanta is currently trading at a premium compared to Fluor based on a forward 12-month price-to-earnings (P/E) ratio [16] Earnings Estimates - The Zacks Consensus Estimate for PWR's 2025 and 2026 earnings indicates year-over-year improvements of 17.8% and 16.7%, respectively, while FLR's 2025 EPS estimate shows a 7.7% decline [19][20] - PWR's EPS for 2025 is estimated at $10.57, while FLR's is projected at $2.15 [20][21] Conclusion - Both Quanta and Fluor hold a Zacks Rank 3 (Hold), supported by different fundamental drivers, with Quanta focusing on utility infrastructure and Fluor benefiting from a stronger mix of reimbursable work [22][23]

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Fluor Corporation (NYSE: FLR) on behalf of investors who purchased securities between February 18, 2025, and July 31, 2025, alleging that the company misled investors regarding its business operations [1][2]. Allegations - The lawsuit claims that Fluor Corporation made false and misleading statements and failed to disclose significant issues, including rising costs associated with major projects such as the Gordie Howe International Bridge and various Texas highways due to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, negatively impacted Fluor's business and financial results [2]. - The financial guidance provided by Fluor for the full year 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategies [2]. Legal Proceedings - Shareholders interested in serving as lead plaintiffs must file motions with the court by November 14, 2025 [3]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [3]. About Rosen Law Firm - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [5].

Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation (FLR) by Berger Montague on behalf of investors who acquired shares between February 18, 2025, and July 31, 2025, alleging that the company misled investors regarding its financial guidance and undisclosed risks associated with major infrastructure projects [1][3]. Company Overview - Fluor Corporation, headquartered in Irving, Texas, provides engineering, procurement, construction, and project management services globally, with its Urban Solutions segment being the largest revenue contributor [2]. Lawsuit Details - The lawsuit claims that FLR and certain executives failed to disclose rising costs related to significant projects, including the Gordie Howe, I-635/LBJ, and I-35 projects, which were impacted by subcontractor design errors, material price increases, and scheduling delays [3]. - Additionally, the company is accused of underreporting the adverse effects of decreased client capital spending and broader economic uncertainties [3]. Financial Performance - In February 2025, FLR projected a full-year 2025 adjusted EPS of $2.25 to $2.75 and EBITDA of $575 million to $675 million, which was reaffirmed in May 2025 [4]. - On August 1, 2025, FLR reported disappointing second-quarter results, with a non-GAAP EPS of $0.43, missing consensus estimates by 23%, and revenue of $3.98 billion, which was $570 million below expectations and a 5.9% decline year-over-year [5]. - Following the release of these results, FLR significantly lowered its FY 2025 outlook, attributing the downturn to project delays and reduced client awards, leading to a stock price drop of $15.35, or 27.04%, closing at $41.42 [5].

Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation (FLR) by Berger Montague on behalf of investors who acquired shares between February 18, 2025, and July 31, 2025, due to alleged misrepresentation of the company's financial condition and undisclosed issues with major infrastructure projects [1][3]. Company Overview - Fluor Corporation, headquartered in Irving, Texas, provides engineering, procurement, construction, and project management services globally, with its Urban Solutions segment being the largest revenue contributor [2]. Allegations and Investigation - The investigation focuses on claims that FLR misrepresented its financial health and concealed escalating issues related to significant infrastructure projects, including rising costs and delays in the Gordie Howe, I-635/LBJ, and I-35 projects [3]. Financial Performance - On August 1, 2025, FLR reported disappointing Q2 2025 results, with earnings per share (EPS) of $0.43 and revenue of $3.98 billion, missing consensus estimates by $0.13 and $570 million, respectively. The company reduced its full-year forecast, attributing the shortfall to project execution failures and a slowdown in new contract awards. Following this announcement, FLR's stock price fell over 27%, closing at $41.42 on the same day [4]. Market Reaction - In response to the negative news, several brokerages downgraded FLR's stock, citing significant concerns regarding the company's internal controls and transparency [5].