Fluor Secures $1.35 Billion from NuScale Share Sale
Fluor Corporation (NYSE: FLR) has completed the sale of 71 million shares of NuScale Power Corporation (NYSE: SMR), generating gross proceeds of $1.35 billion.
The Fluor NuScale share sale marks another major step in Fluor’s strategy to unlock value from its investment portfolio and strengthen its capital allocation flexibility.
Following the transaction, Fluor has initiated a trading program to monetize its remaining 40 million NuScale shares, with completion expected in the second quarter of 2026.
Including prior transactions completed in 2025, Fluor has realized nearly $2 billion in total proceeds from its NuScale investment to date.
Accelerated Share Repurchase Program
As part of its shareholder value strategy, Fluor has been actively repurchasing its own stock.
Since the beginning of the fourth quarter of 2025 through February 13, 2026, the company has:
- Repurchased nearly 17 million shares of common stock
- Deployed more than $700 million toward buybacks
In February 2026, Fluor’s Board of Directors approved an additional 30 million shares under its repurchase authorization.
Following this increase, approximately 32.4 million shares remain available for repurchase under the program.
The company is expected to provide further details regarding capital deployment and investment proceeds during its fourth-quarter earnings call on February 17.
Strategic Implications
The Fluor NuScale share sale highlights a disciplined capital recycling approach. By converting equity holdings into liquidity, Fluor strengthens its balance sheet and enhances its ability to:
- Return capital to shareholders
- Fund strategic growth initiatives
- Maintain financial flexibility amid market volatility
The transaction also signals a partial exit from its long-standing investment in advanced nuclear technology, while still retaining exposure pending the monetization of remaining shares.
About Fluor Corporation
Headquartered in Irving, Texas, Fluor is a global engineering, procurement, construction, and maintenance (EPCM) firm serving energy, infrastructure, advanced technologies, life sciences, and mining sectors.
With nearly 23,000 employees worldwide, the company reported $15.5 billion in revenue in 2025 and ranks 257th on the Fortune 500 list.
For over a century, Fluor has delivered capital-efficient, large-scale industrial projects across global markets.
Market Context
The Fluor NuScale share sale underscores a broader industry trend of major engineering and construction firms optimizing investment portfolios while reinforcing shareholder returns through structured buyback programs.
