Fluor Corporation (NYSE:FLR) shares rose Friday after the company reported third-quarter 2025 results that beat profit expectations but missed on revenue.

Adjusted earnings per share were 68 cents, topping the 45-cent estimate, while revenue fell 18% to $3.37 billion, below the $4.20 billion consensus.

GAAP EPS was a loss of $4.30, driven by a $653 million Santos project charge and a $401 million reduction in NuScale’s value. Adjusted EBITDA climbed 29% to $161 million, while the GAAP net loss totaled $697 million.

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Operating cash flow totaled $286 million, down from $330 million a year earlier, and cash and marketable securities increased to $2.8 billion.

Fluor repurchased $70 million in shares during the quarter and plans another $800 million through February 2026.

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