Coastal Bend LNG Selects KBR and TRE for LNG Facility Design
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Businesswire
- Project Collaboration: Coastal Bend LNG has selected KBR and Técnicas Reunidas for the front-end engineering and design (FEED) of its planned natural gas liquefaction and export facility along the Texas Gulf Coast, marking a significant step towards a positive final investment decision.
- Technological Innovation: The facility will utilize ConocoPhillips’ Optimized Cascade® Process (OCP) to produce cost-competitive liquefied natural gas (LNG) while simultaneously reducing greenhouse gas emissions, aligning with global low-carbon energy demands.
- Industry Leadership: KBR and Técnicas Reunidas bring extensive expertise in LNG and industrial decarbonization, which will assist Coastal Bend LNG in achieving its efficiency and economic targets, setting a new standard for low-carbon LNG production.
- Global Impact: Coastal Bend LNG aims to redefine LNG production through integrated carbon capture and storage technologies, delivering low-carbon American energy to global markets, in line with current energy transition trends.
Analyst Views on KBR
Wall Street analysts forecast KBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KBR is 52.25 USD with a low forecast of 45.00 USD and a high forecast of 62.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 43.690
Low
45.00
Averages
52.25
High
62.00
Current: 43.690
Low
45.00
Averages
52.25
High
62.00
About KBR
KBR, Inc. is engaged in delivering science, technology, and engineering solutions to governments and companies around the world. The Company’s segments include Mission Technology Solutions and Sustainable Technology Solutions. The Mission Technology Solutions segment provides full life-cycle support solutions to defense, intelligence, space, aviation and other programs and missions for military and other government agencies, primarily in the United States, United Kingdom and Australia. The Sustainable Technology Solutions business segment is anchored by its portfolio of approximately 85 proprietary, sustainability-focused process technologies that reduce emissions, increase efficiency and/or accelerate and enable energy transition across the industrial base in four primary verticals: ammonia/syngas, chemical/petrochemicals, clean refining and circular process/circular economy solutions. It also offers services including advisory and consulting focused on energy security.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
