KBR Inc (KBR)
NYSE:KBR
Want to see KBR full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.9Last Year’s EPS
0.91Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflects solid underlying operational and financial resilience — margin expansion, higher adjusted operating cash flow and strong STS bookings/backlog were notable positives. MTS showed healthy backlog and contract coverage but faced slower award flow, protests, and NASA‑related mix risk. Management reaffirmed 2026 guidance, is advancing the spin, and maintained disciplined leverage and capital allocation. While there are clear near‑term timing and mix headwinds (EUCOM reduction, NASA uncertainty, LNG roll‑off and protest delays), the improvements in cash, margins, bookings and contract coverage materially outweigh the challenges discussed.Company Guidance
Strong cash generation and margin expansion
Adjusted operating cash flow of $119 million, up $28 million year‑over‑year, with 98% adjusted OCF conversion. Adjusted EBITDA increased by $3 million YoY and adjusted EBITDA margin expanded to 13.1% from 12.3% (≈+80 basis points).
STS bookings, backlog and pipeline momentum
STS first quarter book‑to‑bill ex‑LNG of 1.2x (Q1 and trailing 12 months), backlog of approximately $4.7 billion (up 9% year‑over‑year), and a near‑term pipeline (ex‑LNG) > $5 billion with ~80% from repeat customers. Work under contract covers ~67% of STS 2026 revenue guidance.
MTS backlog, bid activity and contract coverage
MTS backlog and options ended the quarter at $18.5 billion with ~39% funded (ex PFIs). Bids and awards outstanding total ~$16 billion; work under contract covers ~91% of MTS 2026 revenue guidance. Progress toward the 2026 $25 billion bid volume goal with significant submissions expected in the next two quarters.
Notable contract wins across STS and MTS
STS: wins include project management for Zales South refinery (Libya), integrated field management at Magino (Iraq), long‑term maintenance at Sator (Saudi Arabia), long‑term catalyst supply for Indorama and water/transport work in Middle East and Australia. MTS: awards include support for U.S. Space Force (digital engineering/analytics), DOT recompete, LOGCAP extension and direct data/analytical support to senior defense leaders.
Progress on planned spin transaction
Spin targeted for an effective date of January 4, 2027. Confidential Form 10 resubmitted with audited carve‑out financials for fiscal 2025; SEC review ongoing. IT standup and operational separation planning progressing; leadership recruiting and investor days planned for November.
Recurring JV contributions and disciplined capital posture
Recurring joint venture contributions generated approximately $18 million of EBITDA in the quarter and are expected to increase through the year. Net leverage ended the quarter at ~2.3x trailing adjusted EBITDA, below the 2.5x ceiling; continued focus on balanced capital allocation and disciplined M&A approach.
Operational resilience and employee safety initiatives
No material impact from Middle East conflict during the quarter; KBR Pulse app launched (employee‑driven) to improve communications and safety for distributed workforce. Management reports resilient operations and continued award cadence in Middle East markets.
KBR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KBR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $38.67 | $36.58 | -5.40% |
Feb 26, 2026 | $40.63 | $41.85 | +3.02% |
Oct 30, 2025 | $42.53 | $41.17 | -3.22% |
Jul 31, 2025 | $44.99 | $46.20 | +2.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does KBR Inc (KBR) report earnings?
KBR Inc (KBR) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is KBR Inc (KBR) earnings time?
KBR Inc (KBR) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KBR EPS forecast?
KBR EPS forecast for the fiscal quarter 2026 (Q2) is 0.9.