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Worley Limited (AU:WOR)
ASX:WOR

Worley Limited (WOR) AI Stock Analysis

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AU:WOR

Worley Limited

(Sydney:WOR)

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Neutral 67 (OpenAI - 5.2)
Rating:67Neutral
Price Target:
AU$12.00
▲(9.49% Upside)
Action:DowngradedDate:11/22/25
Worley Limited's overall stock score reflects strong financial performance and positive earnings call insights, highlighting growth and sustainability achievements. However, technical analysis indicates bearish momentum, and valuation metrics are moderate. The company faces external challenges, but its financial stability and strategic initiatives provide a solid foundation for future growth.
Positive Factors
Cash generation & conversion
Worley's materially improved cash conversion and a 34.62% jump in free cash flow signal durable internal cash generation. High conversion (112.5%) supports reinvestment, buybacks and debt servicing, reducing dependency on capital markets and enhancing long-term financial flexibility.
Large, growing backlog & bookings
A backlog near $17bn and 32% bookings growth provide multi‑period revenue visibility and absorb near-term market volatility. This project pipeline underpins utilization and revenue mix planning, supporting sustained fee income and smoother cash flows over the next several quarters.
Strong sustainability revenue mix
With 60% of revenue tied to sustainability and energy‑transition projects, Worley is structurally aligned to secular decarbonization investment. This higher‑value advisory and transition work can sustain margins and client demand as corporations and governments pursue long-term emissions goals.
Negative Factors
Weak recent revenue trend
A negative recent revenue growth rate highlights demand sensitivity in core end markets. If capital spending remains uneven, sustaining topline growth will require continued wins in transition projects and higher‑margin services to offset cyclical declines in traditional sectors.
Project cancellations can hit backlog
Cancellation of a material $1.6bn project demonstrates backlog volatility risk inherent in large engineering contracts. Such reversals can reduce near‑term revenue visibility, waste mobilized resources, and pressure margins unless offset by new bookings or flexible contract terms.
Macro & geopolitical investment uncertainty
Geopolitical and trade volatility increases client hesitancy on capital projects, particularly in chemicals and energy. Persisting uncertainty can delay large project approvals and compress tender pipelines, challenging sustainable revenue growth and utilization across multi‑year cycles.

Worley Limited (WOR) vs. iShares MSCI Australia ETF (EWA)

Worley Limited Business Overview & Revenue Model

Company DescriptionWorley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide. The company offers digital, consulting, engineering and design, construction management, construction and fabrication, supply chain management, project management, and operation and maintenance services, as well as maintenance, modification, and operation services. It serves new energy, power, upstream and midstream, refining and chemicals, and infrastructure markets, as well as mining, minerals, and metals markets. The company was formerly known as WorleyParsons Limited and changed its name to Worley Limited in October 2019. Worley Limited was incorporated in 2001 and is headquartered in North Sydney, Australia.
How the Company Makes MoneyWorley generates revenue primarily through its diverse range of service offerings, which include consulting, engineering, and project management services. The company's revenue model is largely project-based, where it earns fees for providing expertise and solutions to clients in the resources and energy sectors. Key revenue streams include long-term contracts with major corporations in the oil and gas and mining industries, as well as one-off projects that require specialized engineering services. Worley also benefits from strategic partnerships and alliances with leading companies in these sectors, which contribute to securing contracts and expanding its service capabilities. Additionally, the company's focus on sustainability and digital innovations positions it well to capture emerging opportunities in renewable energy and infrastructure development, further enhancing its earnings potential.

Worley Limited Earnings Call Summary

Earnings Call Date:Aug 26, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Sep 01, 2026
Earnings Call Sentiment Neutral
Worley demonstrated strong financial performance with consistent growth in revenue and earnings, a robust financial position, and significant progress in sustainability and ESG initiatives. However, geopolitical and macroeconomic challenges, particularly in the chemical sector, and the cancellation of a major project, present ongoing challenges.
Q4-2025 Updates
Positive Updates
Consistent Growth in Revenue and Earnings
Worley achieved its fourth consecutive year of growth, with aggregated revenue increasing by 4% and underlying EBITA growing by 10% year-on-year. The underlying EBITA margin, excluding procurement, was 9.2%, exceeding the outlook expectations of 8% to 8.5%.
Strong Financial Position and Share Buyback
The company initiated an on-market share buyback in March, purchasing over 13 million shares for $168 million, reflecting confidence in its financial position and growth outlook. The cash conversion ratio was at the top end of the target range at 112.5%, and days sales outstanding improved to 52 days.
Sustainability and ESG Progress
60% of revenue in FY '25 was derived from sustainability-related work, up from 52% in '24. The company's Scope 1 and 2 emissions have reduced by 73% from the 2020 base, and it maintained a leading ESG rating among peers.
Strong Backlog and Bookings
The total value of bookings increased by 32% since June 30, 2024, to $17.1 billion, with a backlog of $16.9 billion, representing a 22% increase. Notable projects include the Venture Global's CP2 LNG facility.
Negative Updates
Geopolitical and Macroeconomic Challenges
The geopolitical tensions, trade and tariff volatility, and other macroeconomic pressures have created complexity and investment uncertainty, impacting customer investment decisions.
Challenges in the Chemical Sector
The chemical sector faced lower levels of activity due to subdued market conditions, although long-term investments are expected to continue.
Cancellation of NorthVolt Project
The $1.6 billion NorthVolt Sweden battery materials project was canceled earlier in the financial year, affecting backlog growth.
Company Guidance
In the Worley Full Year 2025 Results Conference Call, CEO Chris Ashton reported a 4% increase in aggregated revenue and a 10% growth in underlying EBITA for the fiscal year ending June 30, 2025. The company's underlying EBITA margin, excluding procurement, reached 9.2%, surpassing the outlook range of 8% to 8.5%. Approximately 60% of revenue came from sustainability-related projects, up from 52% in the previous year. The company also achieved a 73% reduction in Scope 1 and 2 emissions from its 2020 baseline. With a total backlog valued at $16.9 billion, including a 32% increase in bookings to $17.1 billion, Worley is poised for future growth despite facing challenging geopolitical and macroeconomic conditions. The company maintained a strong cash conversion ratio of 112.5% and declared a final unfranked dividend of $0.25 per share.

Worley Limited Financial Statement Overview

Summary
Worley Limited exhibits solid financial performance with strong profitability and cash flow generation. Despite challenges in revenue growth, the company has improved profit margins and maintains a stable balance sheet. The robust cash flow position supports future investments and debt servicing.
Income Statement
65
Positive
Worley Limited's income statement reveals a mixed performance. The company experienced a decline in revenue growth rate by 0.94% in the most recent year, indicating challenges in maintaining sales momentum. However, the gross profit margin improved slightly, suggesting better cost management. The net profit margin increased to 3.65%, reflecting enhanced profitability. EBIT and EBITDA margins also showed improvement, indicating operational efficiency gains. Overall, while revenue growth is a concern, profitability metrics are on a positive trajectory.
Balance Sheet
70
Positive
The balance sheet of Worley Limited shows a stable financial position. The debt-to-equity ratio is moderate at 0.43, indicating a balanced approach to leveraging. Return on equity improved to 7.20%, showcasing better utilization of shareholder funds. The equity ratio stands at 51.55%, reflecting a strong equity base relative to total assets. Overall, the balance sheet demonstrates financial stability with a prudent leverage strategy.
Cash Flow
75
Positive
Worley Limited's cash flow statement highlights robust cash generation capabilities. The free cash flow growth rate surged by 34.62%, indicating strong cash generation. The operating cash flow to net income ratio is healthy at 1.81, suggesting efficient conversion of earnings into cash. The free cash flow to net income ratio is also strong at 1.63, reflecting effective cash management. Overall, the cash flow metrics indicate a solid cash position and effective cash utilization.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue11.13B11.22B11.79B11.32B9.70B9.51B
Gross Profit794.00M928.00M902.00M722.00M619.00M491.00M
EBITDA859.00M1.02B886.00M517.00M620.00M507.00M
Net Income345.00M409.00M303.00M37.00M172.00M82.00M
Balance Sheet
Total Assets10.85B11.02B10.46B10.52B10.40B10.15B
Cash, Cash Equivalents and Short-Term Investments852.00M962.00M554.00M436.00M519.00M526.00M
Total Debt2.68B2.45B2.07B2.25B2.17B2.06B
Total Liabilities5.51B5.34B4.97B4.92B4.71B4.57B
Stockholders Equity5.35B5.68B5.51B5.61B5.68B5.55B
Cash Flow
Free Cash Flow528.00M665.00M587.00M178.00M263.00M453.00M
Operating Cash Flow606.00M741.00M682.00M260.00M316.00M533.00M
Investing Cash Flow-75.00M-69.00M-12.00M65.00M-62.00M-92.00M
Financing Cash Flow-208.00M-276.00M-536.00M-412.00M-250.00M-414.00M

Worley Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price10.96
Price Trends
50DMA
12.55
Negative
100DMA
12.90
Negative
200DMA
12.98
Negative
Market Momentum
MACD
-0.52
Positive
RSI
30.40
Neutral
STOCH
8.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WOR, the sentiment is Negative. The current price of 10.96 is below the 20-day moving average (MA) of 12.28, below the 50-day MA of 12.55, and below the 200-day MA of 12.98, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 30.40 is Neutral, neither overbought nor oversold. The STOCH value of 8.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WOR.

Worley Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
AU$4.25B8.0317.04%8.48%-1.53%-7.57%
71
Outperform
$20.50B8.8715.06%5.30%6.48%6.25%
70
Outperform
AU$58.40B10.618.51%7.16%17.13%61.35%
67
Neutral
AU$5.55B13.557.14%3.98%-4.81%35.12%
67
Neutral
AU$2.62B4.48-1.02%7.72%17.16%90.79%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
60
Neutral
$24.17B15.766.59%6.00%-5.81%-17.90%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WOR
Worley Limited
10.96
-2.90
-20.91%
AU:BPT
Beach Energy
1.15
-0.17
-12.94%
AU:NHC
New Hope Corporation Limited
5.04
1.35
36.70%
AU:ORG
Origin Energy Limited
11.94
2.20
22.54%
AU:STO
Santos Limited
7.46
1.64
28.18%
AU:WDS
Woodside Energy Group
30.75
9.40
44.03%

Worley Limited Corporate Events

Worley Director Alison Kitchen Increases Indirect Shareholding via On‑Market Purchase
Mar 5, 2026

Worley Limited has disclosed a change in director Alison Mary Kitchen’s indirect interest in the company’s ordinary shares, following an on‑market trade. Through Alison Kitchen Pty Ltd, she acquired 1,752 additional ordinary shares on 4 March 2026 at an average price of $11.01 per share.

As a result of this transaction, Kitchen’s total indirect holding in Worley increased from 12,586 to 14,338 ordinary shares. The change signals a modest uplift in her equity exposure to the company, but does not involve any related contracts or derivative interests, and was executed as a straightforward market purchase.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Wins Long-Term Engineering Services Framework with Tengizchevroil in Kazakhstan
Mar 4, 2026

Worley has secured a services framework agreement with Tengizchevroil LLP to provide engineering and project support services across Tengizchevroil’s operational assets in Kazakhstan. The mandate, which began in February 2026, covers engineering across all project phases, construction and project support, and specialized digital and systems services.

The long-term framework strengthens Worley’s presence in Kazakhstan and underscores its strategy of combining in-country execution with global delivery capabilities. By supporting Tengizchevroil’s operational reliability and long-term value objectives, the agreement reinforces Worley’s positioning as a key partner to major energy producers and may enhance its role in sustaining legacy energy infrastructure while the industry navigates the transition to cleaner energy sources.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Updates Market on Progress of On‑Market Share Buy‑Back
Mar 4, 2026

Worley Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back of ordinary fully paid shares. The latest disclosure, dated 5 March 2026, confirms the program remains active and details the cumulative and daily number of securities repurchased.

The company reported that a total of 28,278,254 shares had been bought back prior to the previous day, with an additional 765,268 shares repurchased on the previous trading day. The continued execution of the buy‑back signals ongoing capital management efforts, which may support earnings per share and could be viewed positively by shareholders seeking enhanced capital returns.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Continues On-Market Share Buy-Back With Daily ASX Updates
Mar 3, 2026

Worley Limited has released an updated notification on its on-market share buy-back of ordinary fully paid shares, reporting that a total of 27,511,459 securities had been repurchased prior to the previous trading day. The company bought back an additional 766,795 shares on the previous day, continuing a buy-back program that commenced with an initial notification in February 2025 and is being reported through daily ASX updates.

The latest filing, dated 4 March 2026, confirms Worley’s ongoing use of daily buy-back notifications as part of this capital management initiative. This steady pace of repurchases signals a sustained commitment to returning capital to shareholders or optimizing its capital structure, and it may affect share liquidity and earnings per share over the course of the program.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Director Martin Parkinson Increases Shareholding via On-Market Purchase
Mar 2, 2026

Worley Limited has disclosed a change in the shareholding of director Martin Lee Parkinson, who increased his direct holding in the company through an on-market trade. He acquired 2,153 ordinary shares on 27 February 2026 at an average price of $11.14 per share, lifting his total direct interest from 17,505 to 19,658 shares.

The transaction underscores continued board-level alignment with shareholders through direct equity ownership, though it does not alter control or governance structures at the company. Such incremental purchases are typically viewed by investors as a signal of confidence in the company’s prospects and may be monitored as part of broader director trading activity within the sector.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Updates Market on Ongoing On‑Market Share Buy‑Back
Mar 2, 2026

Worley Limited, listed on the ASX under the code WOR with ordinary fully paid shares on issue, is undertaking an on-market share buy-back as part of its capital management program. The latest filing is an updated notification to the exchange, confirming that the company continues to repurchase its own shares on market and disclosing that a cumulative 26,626,791 shares had been bought back prior to the previous day, with a further 884,668 shares repurchased on the previous trading day, indicating ongoing execution of the buy-back and a reduction in its listed share count.

The announcement, dated 3 March 2026, updates earlier notifications first lodged in February 2025 and most recently on 2 March 2026, underscoring that the buy-back is an active, daily-reported program rather than a one-off event. By steadily reducing its ordinary shares on issue through on-market purchases, Worley is likely aiming to optimize its capital structure and potentially enhance earnings per share, which can support shareholder value and influence the trading dynamics of its stock over time.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Updates Market on Progress of On‑Market Share Buy‑Back
Mar 1, 2026

Worley Limited has provided an updated notification to the ASX on the progress of its on-market share buy-back of ordinary fully paid shares. The company reported that a cumulative 24,567,894 shares had been repurchased prior to the previous trading day, with an additional 2,058,897 shares bought back on that day.

The update, dated 2 March 2026, follows the initial buy-back notification lodged in February 2025 and a prior update in February 2026. The ongoing on-market buy-back supports capital management by reducing the number of shares on issue, which can enhance earnings per share and signal confidence in the company’s financial position to investors.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Updates Sydney Registry Office Address for Shareholders
Mar 1, 2026

Worley Limited has announced that the Sydney office address of its share registry provider, Computershare Investor Services Pty Limited, has changed to Level 4, 44 Martin Place, Sydney NSW 2000. While telephone numbers and the postal address remain the same, shareholders, member organisations and other stakeholders are now required to lodge all documentation at the updated physical address, clarifying registry interaction procedures going forward.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley flags risk caveats and disclosure limits in half-year results release
Feb 26, 2026

Worley Limited has released a half-year results presentation for the period ended 31 December 2025, noting that the financial information is in summary form and should be read alongside its formal interim financial report and other regulatory filings. The document emphasizes that certain figures are non-IFRS and unaudited, and it has been authorized for release by Group Company Secretary Nuala O’Leary.

The company highlights that the presentation contains forward-looking statements about market conditions, energy transition, climate-related targets and business strategies, and cautions that actual outcomes may differ due to regulatory, technological, economic and geopolitical risks. Worley further advises investors not to rely solely on these statements or guidance and states it has no obligation to update such forward-looking information except as required by law, underlining a conservative stance on disclosure and risk management for stakeholders.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$16.40 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley’s Half-Year Profit Falls on Restructuring as Core Operations Hold Steady
Feb 25, 2026

Worley Limited reported mixed interim results for the half year ended 31 December 2025, with statutory revenue slightly lower year on year and profit metrics down sharply, reflecting transformation and restructuring costs. Statutory EBITA, profit before tax, and profit after tax all declined, and operating cash flow fell by nearly half, compressing statutory margins and earnings per share.

On an underlying basis, however, Worley delivered 5% aggregated revenue growth and essentially flat EBITA, with a modest improvement in margin once procurement revenue at margin is excluded. The underlying figures suggest the core operations remain resilient despite restructuring charges, indicating that while headline profitability has weakened, the company’s underlying service business and value-added procurement activities are holding steady for stakeholders.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$16.40 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Wins EPCM Role on Danish Hydrogen Backbone Pipeline
Feb 24, 2026

Worley has secured a five-year Engineering, Procurement and Construction Management contract from Energinet Brint A/S to support Phase 1 of Denmark’s Danish Hydrogen Backbone pipeline, a project designed to create a national hydrogen transmission network. The mandate covers EPCM services for about 41 km of new hydrogen pipeline and conversion of roughly 89 km of existing natural gas pipeline, along with associated infrastructure, with commissioning targeted by late 2030.

The award underscores Worley’s growing role in Europe’s emerging hydrogen economy and strengthens its position in the Nordic region, where the project will be led from Denmark and supported by teams in other Nordic markets, the UK and India. By anchoring a key piece of cross-border hydrogen infrastructure linking Danish green hydrogen production to Germany and wider European markets, the contract provides a platform for long-term regional growth and reinforces Worley’s capabilities in large-scale decarbonization projects.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$16.40 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Wins Key Engineering Role on Qatar LNG CO₂ Sequestration Project
Feb 10, 2026

Worley has been awarded a contract by Samsung C&T to provide detailed engineering services for QatarEnergy LNG’s Carbon Dioxide Sequestration Project in Qatar, designed to enable permanent storage of about 4.3 million metric tonnes of CO₂ per year. The work will be led from Worley’s Qatar office with support from its Indian Global Integrated Delivery center and Australian teams, underscoring the company’s global delivery model.

The award follows Worley’s completion of the project’s front-end engineering design, strengthening its position as a trusted contractor in carbon capture, utilization and storage. Once operational, the LNG CO₂ sequestration project is expected to materially reduce regional greenhouse-gas emissions and bolster Qatar’s efforts to align LNG production with long-term sustainability goals, reinforcing Worley’s role in the energy transition services market.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$16.40 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Secures EPC Role for Phase 2 of Venture Global’s CP2 Energy Project
Feb 3, 2026

Worley has signed a reimbursable engineering, procurement and construction contract for Phase 2 of Venture Global’s CP2 Project, underlining its ongoing role in the execution of this large-scale energy development as the project moves toward a final investment decision. The work, led from Worley’s Houston, Baton Rouge and Reading offices and supported by its Global Integrated Delivery team, reinforces the company’s position as a key delivery partner on complex projects that are considered strategically important to global energy supply and security, bolstering its credentials in major energy infrastructure and its standing with stakeholders across the sector.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$15.62 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley sets date for HY26 results and investor webcast
Feb 3, 2026

Worley has announced it will release its half-year results for the six months to 31 December 2025 on 26 February 2026, providing investors with an update on the company’s financial and operational performance. The release will be accompanied by a live audio webcast briefing for investors and analysts hosted by the CEO and CFO, with an archived version available via the company’s Investor Centre, underscoring Worley’s ongoing engagement with capital markets and transparency for stakeholders.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$15.62 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Wins Five-Year Equinor Framework Deal for Norwegian Offshore Facilities
Jan 29, 2026

Worley has secured a five-year framework agreement with Equinor Energy to support maintenance, installation and modification activities at selected oil and gas facilities on the Norwegian Continental Shelf, including the Sleipner and Johan Sverdrup installations, starting in May 2026 with options to extend. The deal deepens Worley’s longstanding relationship with Equinor, underscores its strong local presence in Norway backed by a global resource base, and reinforces its strategic position in offshore energy services in a key petroleum region.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$15.62 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Provisionally Secures EPCM Role on Glenfarne’s Alaska LNG Project
Jan 23, 2026

Worley Limited has been provisionally selected by Glenfarne Alaska LNG, LLC as the Engineering, Procurement and Construction Management provider for Phase One of Glenfarne’s Alaska LNG project, following Worley’s completion of Phase One front-end engineering design work in 2025. The conditional award, which remains subject to a definitive agreement, underscores Worley’s growing role in major LNG infrastructure and reinforces its positioning in large-scale energy projects, potentially deepening its presence in North American gas development and the broader LNG value chain.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Wins Key Advisory Role on Western Australia’s Westport Container Port Project
Jan 21, 2026

Worley has been appointed Marine and Port Infrastructure Technical Advisor by the Government of Western Australia for the Westport Program, a major initiative to develop a new world-class container port in Kwinana that will ultimately replace Fremantle’s container trade. Working in joint venture with Arcadis under an initial three-year agreement, Worley will provide technical advisory and concept design services for port and marine infrastructure, supporting a project that will integrate new port facilities, road and rail links, an additional shipping channel and an offshore breakwater, with construction targeted to start in the late 2020s and operations by 2040. The engagement underscores Worley’s role in large-scale sustainable infrastructure, as Westport is designed to minimize environmental impact, pursue net-zero emissions and shift a greater share of container movements to rail to reduce congestion and emissions, drawing heavily on Worley’s Perth-based consulting team and its broader Australian and international marine expertise.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Wins Key Engineering Role on UK H2East Hydrogen Pipeline
Jan 21, 2026

Worley has secured the Front End Engineering Design and Development Consent Order contract from UK gas network operator Cadent Gas for the H2East Pipeline: Humber to Nottinghamshire project, having already completed earlier feasibility and pre-FEED work. Under the new mandate, Worley will deliver project management, integration, engineering and design for a new hydrogen pipeline network intended to connect industrial hubs across the North East, Humber, Yorkshire and East Midlands, enabling up to 11 gigawatts of low-carbon hydrogen production capacity and supporting decarbonisation of heavy industries such as steel, chemicals and power generation. The contract underscores Worley’s growing role in large-scale sustainable energy and pipeline projects and reinforces its positioning as a key partner in the UK’s hydrogen ambitions, with the H2East network expected to deliver both emissions reductions and economic benefits when operations commence in the next decade.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Cancels 185,597 Shares Under On-Market Buy-Back
Jan 7, 2026

Worley Limited has cancelled 185,597 ordinary fully paid shares as part of an on-market share buy-back, effective 2 January 2026. The reduction in issued capital through this buy-back forms part of the company’s capital management activities and marginally increases the ownership percentage of remaining shareholders.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Cancels Over 3 Million Shares in On-Market Buy-Back
Dec 31, 2025

Worley Limited has cancelled 3,030,286 ordinary fully paid shares as part of an on-market buy-back completed on 23 December 2025, as disclosed in its notification of cessation of securities to the ASX. The reduction in issued capital reflects capital management activity that may enhance earnings per share and signal confidence in the company’s financial position, with implications for shareholder value and the structure of its equity base.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Updates Market on Progress of On‑Market Share Buy-Back
Dec 30, 2025

Worley Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy-back program for its ordinary fully paid shares. As of 31 December 2025, the company reported that it had repurchased a cumulative total of 24,382,297 shares prior to the previous day, and an additional 185,597 shares on the previous trading day, reflecting continued execution of the buy-back first notified in February 2025; this activity reduces the number of shares on issue and may enhance earnings per share while signaling management’s confidence to investors.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Wins EPC Contract for ConocoPhillips’ Ekofisk Redevelopment
Dec 22, 2025

Worley has secured an Engineering, Procurement and Construction contract from ConocoPhillips Skandinavia AS for brownfield modifications on existing platforms at the Ekofisk Complex on the Norwegian Continental Shelf, following completion of front-end engineering design work earlier this year. The project, part of a broader redevelopment of the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields tied back to Ekofisk and due for EPC execution from 2026 to 2028 under an existing frame agreement, reinforces Worley’s long-standing relationship with ConocoPhillips in Norway and strengthens its positioning as a key offshore EPC provider in the North Sea market.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Wins Full Project Delivery Contract for Suncor’s Firebag Debottleneck Project in Canada
Dec 22, 2025

Worley has secured the construction and fabrication contract for Suncor’s Firebag Debottleneck project in Alberta, Canada, expanding its role beyond earlier engineering and procurement work on the same development. The 24‑month engagement, covering module fabrication and field construction through to commissioning and start-up at the Firebag Central Processing Facility, underlines Worley’s strategy to capture more end-to-end project delivery work and reinforces its three-decade relationship with Suncor, bolstering its position as a full-service provider in the North American energy market.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Reports Daily Progress on Ongoing On-Market Share Buy-Back
Dec 21, 2025

Worley Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 22 December 2025, the company reported that a cumulative 23,902,457 shares had been repurchased prior to the previous trading day, with an additional 479,840 shares bought back on the previous day, indicating continued execution of its capital management strategy and a focus on returning value to shareholders through reducing the number of shares on issue.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Continues Daily On‑Market Share Buy-Back Program
Dec 18, 2025

Worley Limited has disclosed an update on its on‑market share buy-back program, confirming that it is repurchasing ordinary fully paid shares listed under the ASX code WOR. The company reported that a total of 23,493,152 shares had been bought back prior to the latest trading day, with an additional 409,305 shares repurchased on the previous day, underscoring its continued execution of the capital management initiative since its initial buy-back notification in February 2025. The ongoing daily repurchases highlight Worley’s active use of buy-backs to manage its share base and deploy capital, potentially supporting earnings per share and signalling confidence in the company’s valuation to investors.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Updates on Share Buy-Back Progress
Dec 17, 2025

Worley Limited has announced an update regarding its ongoing on-market share buy-back initiative, reporting that it repurchased 385,029 ordinary fully paid shares on December 17, 2025. The buy-back program, which reflects the company’s capital management strategy, aims to optimize shareholder value and may positively impact its stock performance through reduced share supply and increased investor confidence.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Updates on Share Buy-Back Program
Dec 16, 2025

Worley Limited has announced an update regarding its ongoing share buy-back program. The company has repurchased a total of 22,806,216 ordinary fully paid securities before the previous day and an additional 301,907 securities on the previous day. This buy-back initiative is part of Worley’s strategy to manage its capital structure and enhance shareholder value.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Announces Cessation of Performance Rights
Dec 16, 2025

Worley Limited announced the cessation of 96,534 performance rights due to the lapse of conditional rights that were not met by the specified date. This cessation may impact the company’s capital structure and reflects the challenges in meeting certain performance conditions, which could have implications for stakeholders regarding the company’s operational and strategic objectives.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Updates on Market Buy-Back Program
Dec 15, 2025

Worley Limited has announced an update on its ongoing on-market buy-back program, with a total of 22,674,336 securities bought back before the previous day and an additional 131,880 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Updates on Market Buy-Back Progress
Dec 11, 2025

Worley Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 223,802 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 22,450,534 securities repurchased before that day. This buy-back initiative is part of Worley’s strategy to enhance shareholder value and optimize its capital structure, reflecting its strong financial position and commitment to returning capital to shareholders.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Updates on Market Buy-Back Program
Dec 10, 2025

Worley Limited has announced an update on its ongoing on-market buy-back program, with a total of 22,344,873 securities bought back before the previous day and an additional 105,661 securities bought back on the previous day. This buy-back initiative is part of Worley’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Updates on Market Buy-Back Program
Dec 9, 2025

Worley Limited has announced an update regarding its ongoing on-market buy-back program. As of December 10, 2025, the company has repurchased a total of 22,344,873 ordinary fully paid securities, with 154,584 bought back on the previous day. This buy-back initiative is part of Worley’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Updates on Share Buy-Back Program
Dec 8, 2025

Worley Limited has announced an update regarding its ongoing share buy-back program, with a total of 22,060,197 securities bought back prior to the previous day and an additional 130,092 securities purchased on the previous day. This buy-back initiative is part of Worley’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting confidence in the company’s financial position and future prospects.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Worley Limited Issues Performance Rights to Employees
Dec 8, 2025

Worley Limited has announced the issuance of 2,817,685 performance rights as part of an employee incentive scheme, which are not intended to be quoted on the ASX. This move reflects the company’s strategy to align employee interests with corporate performance, potentially enhancing workforce motivation and retention, and may impact its operational dynamics by fostering a more engaged and committed team.

The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 22, 2025