Fluor Corporation Files Amendment No. 1 to 2025 Annual Report: Key Details for Investors
Overview
Fluor Corporation (NYSE: FLR) has filed Amendment No. 1 to its Annual Report on Form 10-K/A for the fiscal year ended December 31, 2025. This amendment primarily addresses the inclusion of the consolidated financial statements of its significant equity investee, NuScale Power Corporation, as required by SEC regulations. The amendment also includes new certifications by the company’s principal executive officer and principal financial officer pursuant to the Sarbanes-Oxley Act.
Key Points for Investors
- Reason for Amendment: The amendment was filed to include the consolidated financial statements of NuScale Power Corporation as of December 31, 2025, and 2024, and for the years ended December 31, 2025, 2024, and 2023. These statements were prepared and audited by NuScale and are now incorporated into Fluor’s filing as per Rule 3-09 of Regulation S-X.
- NuScale Power’s Financials: NuScale’s consolidated financial statements were audited by an independent registered public accounting firm (Ernst & Young LLP) and filed with the SEC on February 26, 2026, as part of NuScale’s own 10-K filing.
- Certifications: New certifications under Sections 302 and 906 of the Sarbanes-Oxley Act are included in this amendment, signed by both the CEO and CFO of Fluor Corporation.
- No Other Changes: The amendment expressly states that, aside from the above additions, no changes have been made to the company’s previously reported consolidated financial position, results of operations, or cash flows, nor to other disclosures in the original filing.
- Incorporation by Reference: Portions of the Proxy Statement for the 2026 Annual Meeting of Stockholders are incorporated by reference into Part III of this amended filing.
Matters Potentially Affecting Shareholder Value
- NuScale Power’s Performance: The inclusion of NuScale’s audited financials is significant because NuScale is a major equity investment for Fluor. Investors concerned with the performance and financial stability of NuScale now have access to the full audited accounts. Any material strengths or weaknesses in NuScale’s financials could impact Fluor’s consolidated financials and, by extension, its share price.
- Regulatory Compliance and Transparency: By updating its filing to comply with SEC requirements and including certifications under Sarbanes-Oxley, Fluor demonstrates continued strong governance and transparency, which is generally viewed favorably by institutional investors.
- No Restatements or Error Corrections: The company specifically notes that there are no restatements or corrections of errors to previously issued financial statements, which reduces the risk of negative surprises for shareholders.
- Audit Attestation: The amendment confirms that the company’s internal controls over financial reporting were subject to independent auditor attestation, which is an indicator of robust financial oversight.
- Common Stock Outstanding: The number of common shares outstanding as of the end of the period is 146,564,673, which is relevant for per-share calculations and understanding potential dilution or share buybacks.
Notable Exhibits and Links
- NuScale Financial Statements: View NuScale Power’s Consolidated Financial Statements (2025, 2024, 2023)
- Certifications: Certifications by the CEO and CFO under Sections 302 and 906 of Sarbanes-Oxley are included as exhibits in the filing, affirming the accuracy and completeness of the report.
- Consent of Auditors: Ernst & Young LLP’s consent to include their audit report is filed as Exhibit 23.2.
Conclusion for Investors
The amendment to Fluor Corporation’s 2025 annual report is primarily technical and compliance-driven, ensuring that all significant financial interests, specifically NuScale Power Corporation, are fully accounted for in compliance with SEC requirements. Importantly, there are no restatements or corrections to previously reported numbers, and the company provides full auditor attestation and executive certifications. The additional transparency and regulatory compliance may provide reassurance to investors, although the key area for further review will be NuScale Power’s financial statements, as their performance could influence Fluor’s consolidated results and share price.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review the full SEC filing and consider their own circumstances or consult with a financial advisor before making investment decisions.
