KBR and Petro Rabigh announced a 10-year maintenance contract to enhance plant performance and reliability in Saudi Arabia.
Quiver AI Summary
KBR and Rabigh Refining & Petrochemical Company have entered into a strategic 10-year maintenance services contract for Petro Rabigh's Polymer I and II plants in Saudi Arabia, with a possible two-year extension. KBR, through its local joint venture KBR Al Yusr, will implement a comprehensive, digitally-enabled maintenance program that includes preventive, predictive, and corrective services, supported by advanced AI/ML technologies to enhance reliability and optimize operational costs. This contract signifies Petro Rabigh's first major outsourcing of maintenance services, aiming to improve plant performance while focusing on safety and risk management. Both companies express confidence that this collaboration will drive continuous improvement and operational excellence in line with Petro Rabigh’s transformation agenda.
Potential Positives
- KBR has secured a significant 10-year contract with Petro Rabigh, demonstrating strong demand for their maintenance services in the oil and gas sector.
- The collaboration emphasizes KBR's expertise in delivering digitally-enabled maintenance programs that incorporate advanced technologies such as AI and machine learning, enhancing operational efficiency and reliability.
- This partnership supports Petro Rabigh's strategic transformation agenda, highlighting KBR's role in enabling clients to achieve top-quartile plant performance and long-term operational excellence.
- KBR strengthens its market position through this venture, showcasing its ability to provide comprehensive maintenance solutions that align with client objectives of safety, reliability, and cost efficiency.
Potential Negatives
- The press release includes a significant disclaimer that warns investors about the inherent risks and uncertainties associated with the forward-looking statements made, which could impact the company's perceived stability and reliability.
- The outsourcing of maintenance services represents a strategic shift for Petro Rabigh, indicating a potential lack of internal capabilities or inefficiencies that KBR is expected to address.
- This partnership could suggest reliance on a third party for critical operational processes, raising concerns about operational control and potential vulnerabilities if the collaboration does not meet performance expectations.
FAQ
What is the new contract between KBR and Petro Rabigh?
KBR and Petro Rabigh have signed a 10-year general maintenance services contract for Polymer I and II plants in Saudi Arabia.
How will KBR support Petro Rabigh’s maintenance services?
KBR will use digitally-enabled maintenance programs including preventive, predictive, corrective, and cycled shutdowns maintenance services.
What impact will this contract have on Petro Rabigh's operations?
The contract is expected to enhance asset reliability, improve availability, and focus on safety and cost efficiency in operations.
What technologies will KBR employ in this collaboration?
KBR will utilize AI/ML-driven digital accelerators and reliability frameworks to improve maintenance and reliability practices at Petro Rabigh.
How does this contract fit into Petro Rabigh's transformation agenda?
This marks Petro Rabigh's first large-scale outsourcing of maintenance services, aimed at optimizing operations and achieving top-quartile performance.
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 $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 186 institutional investors add shares of $KBR stock to their portfolio, and 264 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
- MORGAN STANLEY added 2,128,895 shares (+343.5%) to their portfolio in Q4 2025, for an estimated $85,581,579
- WELLINGTON MANAGEMENT GROUP LLP added 1,858,961 shares (+1611.4%) to their portfolio in Q3 2025, for an estimated $87,910,265
- MACQUARIE GROUP LTD removed 1,587,179 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $63,804,595
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,010,752 shares (-73.6%) from their portfolio in Q4 2025, for an estimated $40,632,230
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 968,940 shares (-27.0%) from their portfolio in Q4 2025, for an estimated $38,951,388
- SILVERCREST ASSET MANAGEMENT GROUP LLC removed 708,926 shares (-96.8%) from their portfolio in Q4 2025, for an estimated $28,498,825
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:
- 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, Feb. 18, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) and Rabigh Refining & Petrochemical Company (Petro Rabigh) today announced a strategic 10-year general maintenance services contract, with an optional two-year extension, covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in the Kingdom of Saudi Arabia.
Under the agreement, KBR, through its local joint venture subsidiary KBR Al Yusr, will deliver a comprehensive, digitally-enabled maintenance program encompassing preventive, predictive, corrective, and cycled shutdowns maintenance services. The scope will be supported by KBR’s AI/ML-driven digital accelerators and reliability frameworks, designed to enhance asset reliability, improve availability, strengthen safety performance, and drive sustainable OPEX optimization.
This collaboration represents a significant milestone in Petro Rabigh’s ongoing business transformation, marking the company’s first large-scale outsourcing of maintenance services. The program is intended to support a structured change-management journey while maintaining a strong focus on safety, risk mitigation, and long-term operational excellence. Together, the companies aim to achieve top-quartile plant performance while embedding continuous improvement across maintenance and reliability practices.
“This transition is a critical enabler of Petro Rabigh’s transformation agenda,” said Othman Al Ghamdi, President and Chief Executive Officer of Petro Rabigh. “As we take this important step toward outsourcing maintenance for the first time, our priorities are clear—safety, reliability, risk management, and cost efficiency. KBR’s global expertise, local execution capability, and digitally-enabled approach give us confidence that this transition will strengthen plant performance while supporting our long-term business objectives.”
“This collaboration brings together KBR’s global maintenance and reliability expertise with Petro Rabigh’s operational leadership and transformation vision,” said Jay Ibrahim, KBR President, Sustainable Technology Solutions. “By combining industry talent, proven methodologies, and advanced digital technologies, we are committed to enhancing safety, improving reliability, and delivering measurable value across Petro Rabigh’s polymer assets.”
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 .
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding KBR’s digitally enabled maintenance 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
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]
