KBR Wins Contract to Boost Sustainable Energy in Saudi Arabia

KBR, Inc. KBR has been awarded a significant contract to support the sustainable production of energy resources in Saudi Arabia. This partnership with Saudi Aramco is part of the Master Expansion Program and aims to increase gas handling capacity at key regional locations, ensuring the Kingdom's energy requirements are met.Under the contract, which runs through 2028, KBR will be involved in increasing and maintaining the maximum sustainable capacity across the Shaybah field's four Gas-Oil Separation Plants (GOSPs). This effort includes power plant enhancements and well injection facilities, which are crucial for Saudi Arabia’s energy future.The project places a strong emphasis on sustainability, integrating carbon-free energy alternatives, carbon capture, and gas reinjection to reduce emissions. By optimizing existing equipment and GOSP plot space and evaluating a greenfield facility, the initiative supports Saudi Aramco’s 2060 net-zero goals, enhancing resource efficiency.KBR’s Legacy of Partnership and ProgressKBR’s presence in Saudi Arabia spans over four decades of impactful collaboration. During this time, KBR has been pivotal in advancing key sectors such as energy, infrastructure, and sustainability. Consistently delivering innovative solutions, KBR’s work aligns with Saudi Arabia's ambitious Vision 2030. This enduring relationship reflects KBR's dedication to excellence and shared progress, further strengthening its position in the region.KBR Share Price PerformanceImage Source: Zacks Investment ResearchKBR’s shares have lost 10.4% in the past six months compared with the Zacks Engineering - R and D Services industry’s 6.2% decline. Although high costs and expenses are posing concerns, increased activity in energy transition projects is likely to be beneficial in the upcoming period.The awarded contract not only highlights KBR’s strategic positioning in the sustainable energy sector but also underscores its role in driving significant advancements in Saudi Arabia. KBR’s innovative approach and long-standing partnership with Saudi Aramco signify a robust growth trajectory, making it a compelling prospect for investors focused on sustainable and long-term gains.KBR’s Zacks Rank & Key PicksKBR currently carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks from the Construction sector.Weyerhaeuser Company WY currently sports a Zacks Rank of 1 (Strong Buy). WY delivered a trailing four-quarter earnings surprise of 41.6%, on average. The stock has lost 0.4% in the past six months. You can see the complete list of today’s Zacks #1 Rank stocks here.The consensus estimate for WY’s 2025 sales and EPS indicates an increase of 8% and 71%, respectively, from a year ago.Frontdoor, Inc. FTDR currently sports a Zacks Rank of 1. FTDR delivered a trailing four-quarter earnings surprise of 269%, on average. The stock has gained 59.5% in the past six months.The consensus estimate for FTDR’s 2025 sales and EPS indicates an increase of 6.4% and 1.4%, respectively, from a year ago.MasTec, Inc. MTZ currently carries a Zacks Rank #2 (Buy). MTZ delivered a trailing four-quarter earnings surprise of 40.2%, on average. The stock has rallied 50.6% in the past six months.The Zacks Consensus Estimate for MTZ’s 2025 sales and EPS calls for an increase of 8.9% and 43.9%, respectively, from a year ago.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Weyerhaeuser Company (WY): Free Stock Analysis Report KBR, Inc. (KBR): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Frontdoor Inc. (FTDR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks