KBR (KBR) derives a a large part of its engineering and construction revenue from the oil and gas industry in North America, benefiting from the production increases and the growth in international emerging markets and in the U.S. and Canada, says Robert F. Norfleet, Managing Director and Senior Equity Research Analyst at BB&T Capital Markets.
“[A] name that we tend to like right now is the company KBR, as about 60% of their revenues are derived from what we call the hydrocarbons market, which includes gas monetization; that’s LNG, oil and gas, and petrochemical. KBR has long been a leader in building petrochemical facilities, LNG facilities, and various oil- and gas-related investments. We think KBR is benefiting now, and will benefit in the future, both from the growth in the international emerging markets as well as from the growth in North America,” Norfleet said.
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KBR has a strong presence in the LNG market, and they are one of the technology and expertise leaders in building different types of plants suited for the needs of their clients, Norfleet says. He adds that this company is poised to benefit from global growth.
“The company’s built one of two of the largest gas-to-liquid facilities in the world, they have a leading technology in building ammonia plants, they’ve built ethylene crackers and they have a very strong footing in the LNG market. So again, we think that KBR is another company that’s well-positioned to benefit both from the growth we’re seeing internationally as well as this trend towards increasing capital investment in North America,” Norfleet said.
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