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Worley Limited ( (AU:WOR) ) has provided an update.
Worley says its Middle East operations remain active despite the ongoing regional conflict, with no project cancellations so far and work progressing through remote and flexible arrangements and global delivery centres. However, some projects have been delayed due to safety, supply chain and transport disruptions, while customers are also postponing the start and award of new work.
The company estimates the conflict will reduce FY26 underlying EBITA by $30–40 million and now considers it unlikely to achieve underlying EBITA growth in that year, although it still expects an underlying EBITA margin of 9.0–9.5% and higher aggregated revenue than FY25. Worley also sees medium- to long-term growth opportunities in regional pipeline and export infrastructure and in rising global focus on national security for alternative energy, chemicals and resources, as it assists customers with repair, rebuild and strategic response efforts.
The most recent analyst rating on (AU:WOR) stock is a Buy with a A$15.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.
More about Worley Limited
Worley Limited is a leading global professional services company serving the energy, chemicals and resources sectors. It partners with customers to deliver projects and provide asset life-cycle services, focusing on bridging current energy needs with a transition toward more sustainable energy sources.
YTD Price Performance: -6.12%
Average Trading Volume: 2,998,941
Technical Sentiment Signal: Sell
Current Market Cap: A$5.69B
For a thorough assessment of WOR stock, go to TipRanks’ Stock Analysis page.