Ferrovial stock in focus after $538 million Texas award

Ferrovial has secured a 537.9 million U.S. dollar contract for a water reclamation facility in Fort Worth, Texas, adding another major project to its North American infrastructure portfolio. The company announced the award on Thursday, November 5, 2026, in a Ferrovial press release.

Ferrovial stock traded at 55.08 euros on Lang & Schwarz at 12:09 CET on Thursday, November 12, 2026. The company did not provide a group earnings or cash-flow forecast for the contract, so the immediate financial contribution remains dependent on project execution.

Webber leads Fort Worth delivery

Ferrovial's U.S. subsidiary Webber will deliver the Mary’s Creek Water Reclamation Facility for the City of Fort Worth. Ferrovial describes the project as its largest U.S. water infrastructure project to date, underlining the growing role of water and public-works contracts alongside the group's highways and construction activities.

The greenfield facility is designed to process 10 million U.S. gallons of wastewater per day. It will expand treatment capacity in western Fort Worth and provide a source of reclaimed water for future industrial and irrigation use. The project is scheduled to begin construction in November 2026 and is expected to be completed by summer 2030.

The planned scope includes equalization and peak-flow storage basins, screening and grit removal, bioreactors, advanced wastewater treatment, solids handling, odor control, and electrical and control systems. Ferrovial also said the facility would use advanced nutrient removal and membrane bioreactor technology.

Order adds execution focus

For investors, the award strengthens visibility for Webber's U.S. workload, but the announcement does not state the project's margin, revenue recognition schedule, or expected cash generation. The contract therefore adds a concrete backlog opportunity without changing Ferrovial's published group outlook on its own.

The award follows Ferrovial's strong first nine months of 2026. In its October 27 operating update, the company reported like-for-like revenue growth and higher adjusted EBITDA, with North American highways and Construction among the main contributors. Earlier in October, a Ferrovial-led consortium was selected for the I-285 East Express Lanes project in Georgia, extending the group's U.S. project pipeline.

Management has linked the Texas award to rising demand for reliable water infrastructure as communities across the state expand. The next investor-facing date listed by Ferrovial is the RBC Global Industrials Conference on Monday, November 16, 2026.

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