KBR secured a seven-year maintenance contract with SATORP for its Jubail petrochemical complex expansion, enhancing performance and reliability.
Quiver AI Summary
KBR has been awarded a seven-year General Maintenance Services contract, with a potential three-year extension, by Saudi Aramco Total Refining and Petrochemical Company (SATORP) for its petrochemical expansion in Jubail, Saudi Arabia. This contract includes a wide range of maintenance services aimed at ensuring high performance and reliability of the complex. Building on a decade of collaboration, KBR intends to leverage its expertise to enhance operational excellence from the start, while also focusing on cost optimization. KBR's President emphasized the company's commitment to supporting SATORP in building a world-class facility and ensuring safety and performance through advanced technologies.
Potential Positives
- KBR has been awarded a significant seven-year General Maintenance Services contract by SATORP, indicating strong demand for KBR's services in a strategic market.
- This contract builds on over a decade of trusted collaboration between KBR and SATORP, showcasing KBR's established reputation and reliability in the industry.
- The agreement emphasizes KBR's commitment to operational excellence and innovative approaches, including advanced analytics and digital enablement, which could enhance asset performance and sustainability.
- Securing work at one of the world's most advanced petrochemical facilities may enhance KBR's profile and credibility in the energy sector, potentially leading to additional contracts and projects.
Potential Negatives
- The press release heavily relies on forward-looking statements, which come with risks and uncertainties that could materially affect the company's projected outcomes.
- There is no mention of financial terms or guarantees associated with the contract, leaving stakeholders with unclear expectations regarding profitability.
- The reliance on advanced analytics and digital enablement for operational excellence implies a dependence on technology that could pose risks if not effectively managed.
FAQ
What is the significance of KBR's contract with SATORP?
KBR's contract with SATORP includes a seven-year General Maintenance Services agreement for a strategic petrochemical expansion in Saudi Arabia.
How long is the KBR and SATORP maintenance contract?
The contract duration is seven years, with an optional three-year extension available.
What services will KBR provide under this contract?
KBR will offer comprehensive preventive, predictive, corrective, and shutdown maintenance services for the petrochemical complex.
How does KBR plan to achieve operational excellence?
KBR aims to leverage advanced analytics and digital enablement to enhance asset performance and ensure operational excellence.
What is SATORP's refinery processing capacity?
SATORP has a refined processing capacity of 465,000 barrels per day of Arabian Heavy Crude.
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 Revenue
$KBR had revenues of $1.9B in Q4 2025. This is a decrease of -11.92% 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 188 institutional investors add shares of $KBR stock to their portfolio, and 266 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PERMIAN INVESTMENT PARTNERS, LP removed 3,182,791 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $127,948,198
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$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:
- Truist Securities issued a "Buy" rating on 12/19/2025
- Oppenheimer issued a "Outperform" rating on 12/02/2025
- Citigroup issued a "Buy" rating on 11/03/2025
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 $50.0.
Here are some recent targets:
- Andrew Kaplowitz from Citigroup set a target price of $53.0 on 01/26/2026
- Tobey Sommer from Truist Securities set a target price of $50.0 on 12/19/2025
- 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
Full Release
HOUSTON, March 12, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a landmark seven-year General Maintenance Services (GMS) contract, with an optional three-year extension, from Saudi Aramco Total Refining and Petrochemical Company (SATORP) for its strategic petrochemical expansion complex in Jubail, Kingdom of Saudi Arabia.
Under the agreement, KBR will deliver a comprehensive suite of preventive, predictive, corrective, and shutdown maintenance services designed to achieve exceptional performance and reliability across the entire petrochemical complex. Building on more than a decade of trusted collaboration with SATORP, KBR will leverage its proven expertise and practices to support industry-leading commissioning and start-up, with the intent of achieving peak availability and reliability from day one and delivering top-quartile plant performance while optimizing costs.
“We are looking forward to continuing to support SATORP in the expansion of its world-scale petrochemical complex, seamlessly integrated with their existing refinery, one of the most advanced and efficient in the world,” said Jay Ibrahim, President, KBR Sustainable Technology Solutions. “Through this contract with SATORP, KBR reinforces its commitment to driving in-country value and upholding a strong safety culture across all assets, while laying the foundation for progressively enhanced asset performance through advanced analytics and digital enablement—designed to achieve operational excellence and sustainable performance at every stage.”
KBR has been a pioneer in the downstream industry for more than 70 years, delivering large-scale maintenance solutions for some of the world’s most advanced and technically complex facilities.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people worldwide with customers in more than 85 countries and operations in over 28 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 SATORP
The Saudi Aramco Total Refining and Petrochemical Company (SATORP) is one of the most advanced refineries in the world, with a processing capacity of 465,000 barrels per day of Arabian Heavy Crude to produce petroleum and petrochemical products with a commitment to the highest standards of Health, Safety, and Environment. This world-class refinery was founded by the expertise of the two oil giants, Saudi Aramco and TotalEnergies, located at Jubail Industrial City in the Eastern Province of Saudi Arabia. Currently, SATORP is constructing a petrochemical complex to integrate with its existing refinery for maximum operational synergy.
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding KBR’s General Maintenance Services contract with SATORP, 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
Rachael Goldwait
Vice President, Investor Relations
713-753-5082
[email protected]
Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]
