Fluor Sells 71M NuScale Shares for $1.35B, Plans to Trade Remaining 40M

Share Sale and Proceeds

Fluor Corporation has completed the sale of 71 million shares of NuScale Power Corporation, generating $1.35 billion in gross sales proceeds. The company plans to monetize its remaining 40 million shares by the second quarter of 2026, aiming to capture nearly $2 billion in total proceeds to date.

Share Repurchase Program

Since the beginning of the fourth quarter of 2025 through February 13, 2026, Fluor has repurchased nearly 17 million shares of its common stock, deploying over $700 million. The Board of Directors has approved an increase in the number of shares authorized for repurchase by an additional 30 million shares, with approximately 32.4 million shares currently available for repurchase under the program.

Upcoming Earnings Call

Fluor will provide further commentary on these activities and the anticipated use of investment proceeds during its fourth-quarter earnings call on February 17.