Fluor Acknowledges Court Decision on Santos’ Gladstone LNG Project

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IRVING, Texas--(BUSINESS WIRE)--Aug 11, 2025--

Although a final judgment is not expected until later this year, Fluor Corporation (NYSE: FLR) acknowledges the August 8, 2025, decision in favor of Santos by the Supreme Court of Queensland regarding a legal dispute over the Gladstone LNG project in Queensland, Australia. The court generally accepted the recommendations of a panel of referees that the court appointed to oversee the case despite Fluor’s objection.

The dispute has been ongoing since 2016 over Santos’ efforts to recover costs related to a reimbursable project completed by Fluor in 2015.

Further arguments and input from both parties will be heard by the court before a final judgment is delivered sometime later this year. Fluor maintains the contracting principles addressed by the court have wide-sweeping consequences in the engineering and construction industry. The company is reviewing the court decision and exploring its response including the timing of its appeal. We are also working with our insurance carriers to address the obligations arising from the final judgment.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $16.3 billion in 2024 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

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SOURCE: Fluor Corporation

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PUB: 08/11/2025 06:59 AM/DISC: 08/11/2025 06:59 AM

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