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KBR Awarded FEED for Coastal Bend LNG Project

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HOUSTON, Jan. 12, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) has been awarded the front-end engineerin...

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KBR awarded FEED contract for Coastal Bend's LNG facility. Project aims to reduce greenhouse gas emissions using advanced technology. KBR will lead design and overall project coordination efforts. Collaboration enhances KBR's position in low-carbon energy infrastructure. KBR has over 50 years of experience in LNG technologies.

Sentiment Rationale

The contract indicates KBR's strong market position and revenue potential, similar to past awarded projects that led to stock appreciation.

Trading Thesis

Successful execution of this project will have effects beyond immediate financial outcomes, influencing KBR's market reputation and future opportunities.

Market-Moving

  • KBR awarded FEED contract for Coastal Bend's LNG facility.
  • Project aims to reduce greenhouse gas emissions using advanced technology.
  • KBR will lead design and overall project coordination efforts.

Key Facts

  • KBR awarded FEED contract for Coastal Bend's LNG facility.
  • Project aims to reduce greenhouse gas emissions using advanced technology.
  • KBR will lead design and overall project coordination efforts.
  • Collaboration enhances KBR's position in low-carbon energy infrastructure.
  • KBR has over 50 years of experience in LNG technologies.

Companies Mentioned

  • COP (COP)
  • HII (HII)
  • FLR (FLR)

Corporate Developments

The contract represents a significant revenue opportunity and strengthens KBR's portfolio, enhancing investor confidence.

KBR Awarded Front-End Engineering Design Contract for Coastal Bend LNG Project

HOUSTON, Jan. 12, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) has secured a significant contract for the front-end engineering design (FEED) of the Coastal Bend natural gas liquefaction and export facility located on the Texas Gulf Coast. This project, aimed at enhancing natural gas capabilities, includes multiple liquefaction trains, cogeneration components, LNG storage tanks, and export facilities.

Project Overview and Technology Integration

The Coastal Bend LNG project will leverage ConocoPhillips’ Optimized Cascade® Process (COP OCP) technology. This innovative approach is designed to support the project's commitment to reducing greenhouse gas emissions, an essential aspect of modern energy production.

KBR will spearhead the FEED initiative, encompassing the complete inside battery limits (ISBL) scope, which includes:

  • LNG liquefaction and nitrogen rejection using COP OCP technology
  • Gas treatment processes
  • Heavy hydrocarbon removal through Honeywell UOP technologies

Additionally, KBR will facilitate overall coordination among stakeholders and support Coastal Bend in fulfilling its FERC filings and permitting requirements.

Statements from Leadership

Jay Ibrahim, President of Sustainable Technology Solutions at KBR, remarked, "KBR is proud to collaborate with Coastal Bend LNG to help shape how LNG is produced and delivered to global markets from the Texas Gulf Coast." He emphasized that this contract highlights KBR’s expertise in designing efficient and scalable energy infrastructures, which is crucial to meeting the world's growing energy demands.

Nick Flores, CEO of Coastal Bend LNG, stated, "KBR brings impressive expertise in engineering and design across many process technologies. Our collaboration with KBR and ConocoPhillips will enable us to maximize our facility’s efficiency while minimizing carbon intensity."

KBR's Experience in the LNG Market

With over 50 years of experience in the LNG sector, KBR has consistently led the industry in the development and implementation of technologies that enhance energy efficiency and lower carbon intensity throughout the LNG value chain. This expertise positions KBR as a key player in establishing new standards for low-carbon LNG production.

About KBR

KBR is a global leader in delivering science, technology, and engineering solutions to governments and businesses worldwide. The company employs approximately 37,000 people and operates in over 29 countries, serving customers across more than 80 countries. KBR remains committed to providing technology, value-added services, and long-term operational support to ensure reliable delivery and predictable outcomes.

For more information, visit www.kbr.com.

Forward Looking Statements

Statements in this press release that are not historical in nature, particularly those concerning the development and deployment of energy technologies and KBR's role in the Coastal Bend LNG Project, qualify as forward-looking statements under federal securities laws. These projections involve numerous risks and uncertainties, many of which are outside KBR's control. For detailed information on risks and uncertainties, please refer to the company's most recent Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission.

Contact Information

For inquiries, please reach out to:

  • Investors: Jamie DuBray, Vice President, Investor Relations, 713-753-5082, Investors@kbr.com
  • Media: Philip Ivy, Vice President, Global Communications and Marketing, 713-753-3800, MediaRelations@kbr.com

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