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Fluor Takes Profit Hit on Natural Gas-fired Power Stations

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SUGAR LAND--August 7, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) firm Fluor Corporation (NYSE:FLR) (Irving, Texas) last week reported a second-quarter 2017 net loss of $24 million caused by a $124 million charge on cost increases for three natural gas-fired power plants under construction. "The challenges we have experienced over the last two years on gas-fired power projects are inconsistent with the results we have historically achieved," said Fluor Chief Executive Officer David Seaton in a press release. Industrial Info is tracking $227 billion of projects involving Fluor.

Within this article: Details of Fluor's second-quarter financial performance and project activity

Other companies featured: Dominion Energy Incorporated (NYSE:D), SCANA (NYSE:SCG), Southern Company (NYSE:SO), Duke Energy Corporation (NYSE:DUK)

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Industry Segment: Power
Word Count: 928 Words

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