Fluor Q2 Earnings Beat Boosts Stock, But 2026 Profit Guide Largely Unchanged
Fluor stock closed at $57, up 16.9% on second-quarter results, then slid 8.3% after the move reversed while peers rose. Energy Solutions segment profit was $88 million vs. $15 million a year earlier, driven mainly by closeout profit timing. Adjusted EPS beat consensus ($0.91 vs. $0.73), but management said much of the upside was already in the 2026 guide; excluding the Mexican JV sold in July, comparable EBITDA base was $519 million and the revised guide is $500 million to $525 million.