ASX:WOR

Worley Completes Strategic Advisory Study for ARENA on Renewable Hydrogen Cost Reduction

Worley (ASX:WOR) completed a strategic advisory study for the Australian Renewable Energy Agency (ARENA) examining capital cost drivers for the future of renewable hydrogen production and identifying practical opportunities to reduce costs to improve commercial viability, according to a Friday statement.Worley's Australia-based team, supported by global hydrogen and project delivery expertise, examined 24 independent capital cost-reduction concepts and assessed their combined impact across future development horizons, the filing added.The company's shares fell 1% in recent Friday trade.

Worley to Provide Engineering Services for Renewable Syngas Demonstration Plant in Belgium

Worley (ASX:WOR) will provide engineering services for Belgian clean-tech firm D-CRBN's new renewable syngas demonstration plant in Belgium, according to a Wednesday statement.The plant will produce syngas using D-CRBN's plasma technology, which relies on electricity to convert carbon dioxide and biomethane into renewable syngas, which can then be used to produce lower-carbon fuels, plastics, and chemicals.The demonstration plant will produce 200 tonnes of renewable syngas per year and support a future commercial plant with an annual capacity of about 10,000 tonnes.Worley said it will deliver the plant's design, along with safety and cost studies for construction.The company's shares gained 2% in recent Wednesday trade.

Worley Awarded Contracts by BHP for South Australia Project Expansion

Worley (ASX:WOR) said BHP Group (ASX:BHP) awarded the firm contracts to provide study and engineering, and procurement and construction management (EPCM) services for expansion projects at the Olympic Dam and Carrapateena projects in South Australia, according to a Monday Australian bourse filing.The expansion projects remain subject to final investment decision by BHP.Worley will deliver study and EPCM services across multiple project phases for potential block cave development and associated infrastructure at Olympic Dam, and the potential expansion of Carrapateena's underground operations and processing infrastructure.Worley's shares climbed 2% in recent trading on Monday.

Worley's Shares Edge Higher After Issuance of Limited Notice to Proceed by AbraSilver

Worley's (ASX:WOR) shares rose marginally after a late Thursday statement said that it was issued a limited notice to proceed from AbraSilver Resource to begin the bridging engineering phase for the Diablillos silver-gold project in Argentina.Worley delivered a complete definitive feasibility study for the project earlier.Worley will work with AbraSilver's teams to provide engineering design, technical studies, procurement services, cost estimates, scheduling, permitting support, as well as other services. The work's scope also includes planning for a site camp to accommodate the construction and operations workforce.

Worley Secures Contracts for Engineering, Design, Procurement Support for US Energy Center Projects, Shares Fall 9%

Worley (ASX:WOR) secured three engineering services contracts from Burr Computer Environments to provide engineering, detailed design, and procurement support services for energy center projects in the US, according to a Wednesday Australian bourse filing.The completed energy centers use a combination of gas turbines, aeroderivative turbines, and reciprocating engines, as well as battery energy storage systems and intra-campus electrical distribution to support data center expansion.Its shares fell 9% in recent trading on Wednesday.

Update: Worley Fiscal 2026 Underlying EPS, Aggregated Revenue Down; Shares Hit Six-Year Low

(Updates to add stock movement in the headline and the last paragraph.)Worley (ASX:WOR) logged AU$0.782 in underlying earnings per basic share for fiscal 2026, compared with AU$0.902 a year ago, a Wednesday filing showed.Analysts polled by FactSet expected AU$0.77.For the 12 months ended June 30, aggregated revenue was AU$12.02 billion versus AU$12.05 billion previously, the Australia-listed provider of engineering and project delivery services added. Analysts surveyed by FactSet projected AU$11.73 billion.The board proposed a final dividend of AU$0.25 per share, unchanged from a year earlier, payable Sept. 30 to shareholders of record as of Sept. 2.The company guided for fiscal 2027 underlying earnings before interest, taxes, and amortization growth, and for aggregated revenue growth, in the mid-to-high single-digit range.Its shares fell nearly 11% in recent trading on Wednesday and earlier hit their lowest since August 2020.

Worley Fiscal 2026 Underlying EPS, Aggregated Revenue Down

Worley (ASX:WOR) logged AU$0.782 in underlying earnings per basic share for fiscal 2026, compared with AU$0.902 a year ago, a Wednesday filing showed.Analysts polled by FactSet expected AU$0.77.For the 12 months ended June 30, aggregated revenue was AU$12.02 billion versus AU$12.05 billion previously, the Australia-listed provider of engineering and project delivery services added. Analysts surveyed by FactSet projected AU$11.73 billion.The board proposed a final dividend of AU$0.25 per share, unchanged from a year earlier, payable Sept. 30 to shareholders of record as of Sept. 2.The company guided for fiscal 2027 underlying earnings before interest, taxes, and amortization growth, and for aggregated revenue growth, in the mid-to-high single-digit range.

Worley Posts Fiscal 2026 Underlying Earnings of AU$0.782 Per Basic Share, Aggregated Revenue of AU$12.02 Billion

Worley to Support Next Development Phase for TC Energy's Ontario Pumped Storage Project

Worley (ASX:WOR) will support the next phase of development for TC Energy's Ontario Pumped Storage Project in Canada, according to a Thursday statement.Worley will lead a team that includes EllisDon and AECOM to advance front-end engineering and design, cost estimating, execution planning, and project readiness, it said.Project development will advance through TC Energy's Hire and Buy Local program, with the Worley-led team prioritizing local employment, suppliers, and services where possible.

Worley Wins EPC Contract for Pembina Pipeline's Heartland Extraction Plant in Canada

Worley (ASX:WOR) has been awarded a contract by Pembina Pipeline to provide engineering, procurement, fabrication, and construction (EPC) services for the Heartland Extraction Plant in Canada, according to a Tuesday statement.The company said the Heartland Extraction Plant is a greenfield straddle facility designed to process up to 750 million cubic feet per day of natural gas, extracting natural gas liquids from the Yellowhead Pipeline, with operations scheduled to begin in late 2029.

Worley Secures Engineering Contract for US Strategic Metals' Missouri Critical Minerals Hub

Worley (ASX:WOR) secured an engineering services contract from Missouri Cobalt, operating as US Strategic Metals, to support the development of a multi-metallic processing hub in Missouri, US, according to a Thursday statement by the company.The project comprises a cobalt refinery and black mass processing facility designed to produce cobalt, nickel, copper, and lithium products from a range of feedstocks.The company will provide global engineering, procurement, and construction support to strengthen North America's critical minerals supply chain and meet growing demand for strategic materials.

Worley Secures INPEX Framework Services Agreement to Support Australian Projects

Worley (ASX:WOR) secured an engineering services framework agreement with INPEX Operations Australia to support its Australian projects, according to a Monday Australian bourse filing.Its shares were up 1% in recent trading on Monday.

Worley Secures United States Strategic Metals Engineering Services Contract for Missouri Metal Processing Hub

Worley (ASX:WOR) secured an engineering services contract with United States Strategic Metals for the development of a multi-metallic processing hub in Missouri, including the development of a cobalt refineryand a black mass recycling process, according to a Monday Australian bourse filing.Worley will provide engineering services and procurement support within an integrated project management team.Its shares were up 1% in recent trading on Monday.

Worley Secures EPFC Contract for Pembina's Canada Plant

Worley (ASX:WOR) secured a contract from Pembina Infrastructure and Logistics to provide engineering, procurement, fabrication and construction (EPFC) services for the Heartland Extraction Plant in Strathcona County, Alberta, Canada, according to a Thursday Australian bourse filing.The facility is designed to process up to 21.2 million standard cubic meters of natural gas per day, extracting natural gas liquids from the Yellowhead Pipeline, with operations scheduled to begin in late 2029, per the filing.The project will be executed by an integrated EPFC team from the company's Alberta offices, the filing added.The company's shares fell almost 1% in recent Thursday trade.

Worley Named to Complete Feasibility Studies for Azerbaijan Copper Deposits

Worley (ASX:WOR) said Anglo Asian Mining appointed the firm to complete feasibility studies for the Xarxar and Garadag copper deposits in Azerbaijan, according to a Thursday statement.It will examine development options for copper heap leach processing and solvent extraction-electrowinning.The study for the Xarxar deposit is expected to be completed by mid‑2027, while the one for the Garadag deposit is expected to be completed in the first half of 2028.

Worley Secures Five-Year Aramco Project Management Consultancy Agreement as Part of Pool

Worley (ASX:WOR) secured a five-year agreement with Aramco to support projects within Saudi Arabia via project management consultancy, as part of a pool of 11 contractors, according to a Monday Australian bourse filing.The services the firm will provide include engineering and design, project development studies, detailed engineering, procurement support, project and construction management, and technical expertise. It will also support capability building for local talent in the country.

Middle East Impact on Worley Expected to Spill Into Fiscal 2027, Jefferies Says

Negative impacts on Worley (ASX:WOR) due to disruptions in the Middle East are expected to spill into fiscal 2027, Jefferies said in a Thursday note.The company initially thought the hit would be around AU$30 million to AU$40 million. It has now reported that the impact will be closer to AU$60 million for fiscal 2026.The company disclosed a further AU$25 million hit, with Jefferies expecting an additional three-month drag, triggering a further AU$50 million impact in fiscal 2027.Most of the company's core business segments show weak lead indicators, including North American project delays, reduced sustainability-led work tax incentives, and weak chemical demand, Jefferies said.However, the resources sector remains a bright spot, and a strong balance sheet allows the company to complete its AU$300 million share buyback program.Jefferies reaffirmed its hold rating on Worley and lowered its price target to AU$10.61 from AU$11.48.Worley shares fell nearly 3% in midday trade Friday.

Australian Shares Retreat; Judo Capital Holdings Cuts Fiscal 2026 Profit Before Tax Guidance

Australian shares declined on Thursday after investors reacted to a continued fall in oil prices as supply concerns eased.The S&P/ASX 200 Index fell 0.68%, or 59.70 points, to close at 8,748.70.Oil prices are reaching pre-war levels as tankers transit through the Strait of Hormuz. Brent crude oil futures fell to around $72 per barrel. Meanwhile, gold fell below $4,000 for the first time since November 2025.On the domestic front, Australia's seasonally adjusted unemployment rate fell to 4.4% in May from 4.5% in April, data from the Australian Bureau of Statistics (ABS) showed.Australia's total household wealth rose 1.2% to AU$19.212 trillion in the March quarter due to growth in land and dwelling values, according to figures released by ABS.Australian total household spending in May was AU$80.64 billion on a current price, seasonally adjusted basis, rising 5.5% year-over-year and 1.3% month-on-month, according to data from the ABS.Seasonally adjusted job vacancies in Australia fell 2.1% to 329,500 in the three months to May, ABS said.In company news, Judo Capital Holdings (ASX:JDO) said it now expects a fiscal 2026 profit before tax of AU$163 million to AU$169 million. The cut comes as Judo now expects its fiscal year cost of risk to be in the range of AU$116 million to AU$122 million, reflecting an increase in certain provisions driven mainly by three exposures across different sectors that recently emerged due to "customer-specific developments." Its shares dropped nearly 38% on close, earlier reaching their lowest point in over two years.Worley (ASX:WOR) increased its expected fiscal 2026 underlying earnings before interest, taxes, and amortization (EBITA) impact to up to AU$60 million, up from a prior estimate of AU$30 million to AU$40 million, due to ongoing Middle East project delays.Lastly, Pro Medicus (ASX:PME) will provide an investment of up to AU$20 million to Echo IQ (ASX:EIQ) and become a reseller of the EchoSolv product suite across the US under a proposed commercial partnership.

Worley to Appeal Federal Court Decision in Guidance Class Action; Shares Fall 8%

Worley (ASX:WOR) said it is appealing a recent Australian Federal Court decision to uphold a shareholder class action lawsuit related to financial guidance, according to a Thursday filing with the Australian bourse.The court previously ruled that the company misled investors when it issued 2013 earnings guidance.Worley said it has a responsive insurance program, and its legal defense is largely funded by insurers.The company's shares fell 8% in recent Thursday trade.

ASX Preview: Australian Shares Set to Rise as Oil Falls on Easing Hormuz Supply Fears; Worley Lifts Fiscal 2026 EBITA Hit to AU$60 Million

Australian shares are poised to rise on Thursday after oil prices tumbled more than 4% as easing supply concerns through the Strait of Hormuz and expectations of rising Iranian exports weighed on global crude markets.Overnight, the S&P 500 and the Nasdaq Composite fell 0.1% and 0.4%, respectively, while the Dow Jones Industrial Average rose 0.4%.In the macroeconomy, Australia's labor force report is due at 11:30 am Sydney time.In corporate news, Worley (ASX:WOR) increased its expected fiscal 2026 underlying earnings before interest, taxes, and amortization (EBITA) impact to up to AU$60 million, up from a prior estimate of AU$30 million to AU$40 million, due to ongoing Middle East project delays.Mineral Resources (ASX:MIN) will cease operations at its Lucky Bay garnet project in Western Australia and transition the mine into care and maintenance, effective July 1.Australia's benchmark index rose 0.2% or 21.4 points to close at 8,808.40 on Wednesday.