KBR awarded contract for a green ammonia facility in Spain, enhancing renewable energy and fertilizer production capabilities.
Quiver AI Summary
KBR has secured a technology and engineering contract from IGNIS for a new green ammonia facility in A Coruña, Spain. The contract entails KBR providing proprietary engineering design and pre-FEED engineering services for a plant aimed to produce 200,000 tons of green ammonia annually, using renewable energy and green hydrogen. This green ammonia will serve as an efficient medium for renewable energy storage and transportation, as well as a clean fuel and renewable fertilizer component. KBR's President, Jay Ibrahim, highlighted the company’s commitment to utilizing Spain's renewable resources and noted KBR’s extensive experience in the ammonia market. IGNIS, founded in 2015, aims to advance green hydrogen and sustainable fuel solutions globally.
Potential Positives
- KBR has been awarded a significant technology and engineering contract for a new green ammonia facility, enhancing its position in the renewable energy sector.
- The contract will provide KBR with an opportunity to showcase its proprietary engineering design and green ammonia solutions, emphasizing its capabilities as a global leader in the ammonia market.
- This project aligns with the growing demand for sustainable energy solutions and positions KBR to contribute to the decarbonization of industries in Europe.
- KBR's extensive experience, with over 260 grassroot ammonia plants licensed, engineered, or constructed since 1943, underscores its expertise and reliability in the industry.
Potential Negatives
- The press release includes a cautionary note about forward-looking statements, highlighting potential risks and uncertainties that could affect KBR's future business and financial results.
- There is no specific mention of the contract value, which could lead to questions about the potential impact on the company's revenues.
- KBR's reliance on IGNIS and its capabilities may raise concerns about the company’s dependency on a third party for future project success.
FAQ
What contract did KBR win in Spain?
KBR was awarded a contract by IGNIS for a new green ammonia facility in A Coruña, Spain.
What is the capacity of the green ammonia plant?
The new green ammonia plant will have a capacity of 200,000 tons per annum.
How does the green ammonia facility use renewable energy?
The facility will produce green hydrogen from renewable energy, which is then converted into green ammonia.
What are the applications of green ammonia?
Green ammonia is used for renewable fertilizers, energy storage, transport, and as a clean fuel.
What is KBR's history in the ammonia market?
KBR has engineered, licensed, or constructed over 260 grassroots ammonia plants worldwide since 1943.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KBR Insider Trading Activity
$KBR insiders have traded $KBR stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $KBR stock by insiders over the last 6 months:
- STUART BRADIE (President and CEO) sold 20,000 shares for an estimated $1,056,246
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KBR Revenue
$KBR had revenues of $525M in Q3 2025. This is a decrease of -73.04% from the same period in the prior year.
You can track KBR financials on Quiver Quantitative's KBR stock page.
$KBR Hedge Fund Activity
We have seen 193 institutional investors add shares of $KBR stock to their portfolio, and 270 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BOSTON PARTNERS removed 4,005,574 shares (-73.3%) from their portfolio in Q3 2025, for an estimated $189,423,594
- WELLINGTON MANAGEMENT GROUP LLP added 1,858,961 shares (+1611.4%) to their portfolio in Q3 2025, for an estimated $87,910,265
- PERMIAN INVESTMENT PARTNERS, LP added 1,270,000 shares (+66.4%) to their portfolio in Q3 2025, for an estimated $60,058,300
- ALYESKA INVESTMENT GROUP, L.P. added 1,142,699 shares (+inf%) to their portfolio in Q3 2025, for an estimated $54,038,235
- SCOPIA CAPITAL MANAGEMENT LP removed 725,437 shares (-62.0%) from their portfolio in Q3 2025, for an estimated $34,305,915
- COPELAND CAPITAL MANAGEMENT, LLC added 711,907 shares (+inf%) to their portfolio in Q3 2025, for an estimated $33,666,082
- HENNESSY ADVISORS INC removed 665,900 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $31,490,411
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$KBR Analyst Ratings
Wall Street analysts have issued reports on $KBR in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Oppenheimer issued a "Outperform" rating on 12/02/2025
- Citigroup issued a "Buy" rating on 11/03/2025
- DA Davidson issued a "Buy" rating on 08/01/2025
To track analyst ratings and price targets for $KBR, check out Quiver Quantitative's $KBR forecast page.
$KBR Price Targets
Multiple analysts have issued price targets for $KBR recently. We have seen 6 analysts offer price targets for $KBR in the last 6 months, with a median target of $55.5.
Here are some recent targets:
- Ian Zaffino from Oppenheimer set a target price of $60.0 on 12/02/2025
- Jerry Revich from Wells Fargo set a target price of $45.0 on 11/14/2025
- Mariana Perez from B of A Securities set a target price of $45.0 on 11/13/2025
- Andrew Kaplowitz from Citigroup set a target price of $57.0 on 11/03/2025
- Brent Thielman from DA Davidson set a target price of $65.0 on 08/01/2025
- Steven Fisher from UBS set a target price of $54.0 on 07/02/2025
Full Release
HOUSTON, Dec. 15, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that it has been awarded a technology and engineering contract by IGNIS for a new green ammonia facility in A Coruña, Spain.
Under the terms of the contract, KBR will provide proprietary engineering design and pre-FEED engineering services to IGNIS for a 200,000 tons per annum green ammonia plant. The facility will use renewable energy to produce green hydrogen, which will be converted to green ammonia. Green ammonia, a key element for producing renewable fertilizers, can be used as a highly efficient storage and transport medium for renewable energy and as a clean fuel.
“We are proud to support IGNIS in harnessing Spain’s exceptional renewable energy resources to produce green ammonia for domestic and European markets,” said Jay Ibrahim, President, KBR Sustainable Technology Solutions. “KBR’s green ammonia solutions, along with complementary technologies such as H2ACT ® ammonia cracking, make us a global leader in delivering reliable and energy-efficient ammonia technology at a lower capital cost.”
KBR has been at the forefront of innovation in the ammonia market for decades. Since 1943, KBR has licensed, engineered, or constructed more than 260 grassroot ammonia plants worldwide.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
About IGNIS
IGNIS is a global energy company integrated across renewable generation and innovative energy solutions, with more than 30 GW under development in Europe, the US, Latin America, and Asia. Founded in 2015, it provides tailored energy solutions for companies and consumers in more than 10 countries.
Its IGNIS P2X division develops green hydrogen and derivative products—such as ammonia, synthetic methanol, and sustainable fuels—by leveraging its renewable generation portfolio, thereby contributing to the decarbonization of key sectors, including heavy industry and maritime and aviation transport. Committed to fostering new industrial opportunities, the company is advancing strategic projects in port areas and inland industrial hubs to produce these high-value energy carriers.
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding KBR’s delivery of green ammonia technology and services, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
For further information, please contact:
Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
[email protected]
Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]
