KBR has secured a contract for program management consultancy services on TAQA's Nexus Scheme in Abu Dhabi, enhancing energy sustainability.
Quiver AI Summary
KBR has been awarded a Program Management Consultancy (PMC) contract by Abu Dhabi Transmission Company PJSC (TAQA Transmission) to support Phase 1 of its Nexus Scheme, which focuses on power and water projects in Abu Dhabi. KBR will oversee the execution of various engineering, procurement, and construction (EPC) packages, contributing to the development of infrastructure necessary to meet the growing energy demands in the UAE while emphasizing sustainable operations. KBR’s President of Sustainable Technology Solutions, Jay Ibrahim, expressed pride in aiding TAQA’s strategic investment in innovation and digital transformation. The contract aligns with KBR's commitment to providing clean energy solutions and addressing the energy trilemma of security, sustainability, and affordability.
Potential Positives
- KBR has been awarded a significant Program Management Consultancy contract for the Nexus Scheme, indicating trust and reliance on their expertise by a major regional player, Abu Dhabi Transmission Company (TAQA Transmission).
- This contract showcases KBR's commitment to supporting sustainable energy solutions, aligning with global trends in energy efficiency and innovation.
- The involvement in the Nexus Scheme enhances KBR's reputation as a leader in clean energy solutions, potentially attracting further contracts and partnerships in similar sectors.
- The project positions KBR strategically within the growing market focused on sustainable energy infrastructure, especially in the rapidly developing UAE region.
Potential Negatives
- The press release includes a standard disclaimer about forward-looking statements, indicating potential risks and uncertainties that may affect the company's future performance, which may raise concerns among investors.
- The reliance on several unspecified risks and uncertainties in the release may signal to stakeholders that the company's future outcomes could be volatile and difficult to predict.
- The emphasis on managing rising energy demands and sustainability may imply current deficiencies or challenges related to energy supply, which could be perceived negatively.
FAQ
What is the purpose of KBR's contract with TAQA Transmission?
KBR will provide Program Management Consultancy services for Phase 1 of the Nexus Scheme, focusing on power and water projects in Abu Dhabi.
How does KBR support sustainable energy in UAE?
KBR assists TAQA Transmission in meeting rising energy demands sustainably through innovative and efficient operation strategies.
What services will KBR manage under the Nexus Scheme?
KBR will manage the execution of various EPC packages, supply management, and related infrastructure development for the project.
How many employees does KBR have globally?
KBR employs approximately 38,000 people worldwide, providing technology solutions across more than 80 countries.
What types of projects does KBR specialize in?
KBR specializes in delivering science, technology, and engineering solutions for governments and companies, focusing on clean energy initiatives.
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 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 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
- GREGORY SEAN CONLON (Chief Digital & Development) sold 19,000 shares for an estimated $961,149
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KBR Hedge Fund Activity
We have seen 199 institutional investors add shares of $KBR stock to their portfolio, and 226 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF NEW YORK MELLON CORP removed 1,404,316 shares (-50.1%) from their portfolio in Q1 2025, for an estimated $69,948,979
- BOSTON PARTNERS added 1,142,111 shares (+35.2%) to their portfolio in Q1 2025, for an estimated $56,888,548
- MILLENNIUM MANAGEMENT LLC removed 1,132,105 shares (-43.9%) from their portfolio in Q1 2025, for an estimated $56,390,150
- VAN ECK ASSOCIATES CORP added 944,358 shares (+107.1%) to their portfolio in Q1 2025, for an estimated $47,038,471
- CITADEL ADVISORS LLC removed 912,475 shares (-50.0%) from their portfolio in Q1 2025, for an estimated $45,450,379
- NOMURA HOLDINGS INC added 889,322 shares (+5030.1%) to their portfolio in Q1 2025, for an estimated $44,297,128
- BALYASNY ASSET MANAGEMENT L.P. removed 776,959 shares (-62.3%) from their portfolio in Q1 2025, for an estimated $38,700,327
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 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 04/25/2025
- Truist Securities issued a "Buy" rating on 04/14/2025
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 5 analysts offer price targets for $KBR in the last 6 months, with a median target of $60.0.
Here are some recent targets:
- Steven Fisher from UBS set a target price of $54.0 on 07/02/2025
- Jerry Revich from Goldman Sachs set a target price of $55.0 on 05/27/2025
- Sangita Jain from Keybanc set a target price of $63.0 on 05/07/2025
- Andrew Kaplowitz from Citigroup set a target price of $69.0 on 04/25/2025
- Tobey Sommer from Truist Securities set a target price of $60.0 on 04/14/2025
Full Release
HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a Program Management Consultancy (PMC) services contract by Abu Dhabi Transmission Company PJSC (TAQA Transmission) for Phase 1 of its Nexus Scheme (Power & Water Projects).
KBR will provide PMC services for the Nexus Scheme across the power and water transmission networks in multiple locations in Abu Dhabi. KBR will manage the overall execution of the various EPC packages, including supply management and associated infrastructure development. The initiation of this program is a significant step in TAQA’s efforts to meet rising energy demands in UAE, while prioritizing sustainable and efficient operations.
“We are pleased to support TAQA Transmission on Project Nexus, which is a strategic investment in the innovation and digital transformation of operations and assets to meet rising energy demands sustainably,” said Jay Ibrahim, KBR President, Sustainable Technology Solutions. “KBR is proud to be on the forefront of the energy transition by helping customers address the energy trilemma of security, sustainability and affordability.”
KBR delivers best-in-class clean energy solutions worldwide. Our value-added services are customized to the needs of customers while keeping safety at the core of the operations.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 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
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding project performance and outcomes and future demand for the company’s 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]
