• KBR reported MTS revenue $1.3B, adjusted EBITDA $158M and ~12.1% EBITDA margin. Management says ~94% of 2026 MTS revenue under contract, large bid backlog, Trinzic spinoff targeted Jan 4, 2027.
  • Citigroup cut KBR (KBR) price target to $49 from $50. No other analyst actions or earnings revisions were noted. Traders may note the one-cent drop in target price.