# Fluor posts record quarterly awards as backlog reaches $34.3 billion

> Fluor reported a 10% revenue increase, a return to GAAP profit and its highest quarterly awards total, while affirming 2026 adjusted EBITDA guidance.

Source page: https://stoqly.net/news/fluor-q3-2026-record-awards

- **Published:** 2026-11-08T21:06:00+00:00
- **Section:** Quarterly results
- **Company:** Fluor (FLR), https://stoqly.net/companies/flr.md

Fluor reported third-quarter 2026 revenue of $3.72 billion, up 10% from $3.37 billion a year earlier. GAAP net earnings attributable to Fluor were $158 million, compared with a $697 million net loss in the prior-year quarter.

The engineering and construction company said quarterly new awards were its highest ever, producing a 2.9 times book-to-burn ratio. Awards included $7.5 billion for Phase 2 of LNG Canada, two copper-mining projects in Chile, a six-month extension of a Savannah River Department of Energy contract and additional EPC scope.

Energy Solutions revenue rose to $679 million from $262 million, while its backlog more than doubled to $10.679 billion. Fluor attributed part of the year-on-year comparison to a prior-year revenue reduction related to the completed Santos project ruling in Australia and said the quarter also included a $73 million gain from selling its ICA-Fluor interest.

Operating cash flow was $186 million. Fluor repurchased $300 million of shares during the quarter, bringing year-to-date repurchases to $1.1 billion toward its previously announced $1.4 billion 2026 target. Cash and equivalents stood at $3.1 billion at quarter-end.

Fluor affirmed its 2026 adjusted EBITDA guidance of $500 million to $525 million. Adjusted EPS was $0.77, up from $0.68, although adjusted EBITDA declined to $142 million from $161 million as the prior-year comparison included a favorable Santos revenue reversal.

- Q3 revenue: $3.72B +10% year over year
- Q3 EPS: $1.16 vs. ($4.30) year over year
- New awards: $10.872B vs. $3.253B quarterly record
- Backlog: $34.305B +21% year over year

- [Fluor Q3 2026 results, SEC Exhibit 99.1, filed November 6, 2026](https://www.sec.gov/Archives/edgar/data/1124198/000112419826000081/ex991q32026.htm)
- [Fluor Q3 2026 Form 10-Q, filed November 6, 2026](https://www.sec.gov/Archives/edgar/data/1124198/000112419826000078/flr-20260930.htm)

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