Technip Energies

RBC has raised Technip Energies from "Sector Perform" to "Outperform" and lowered the 12-month price target from €45 to €42. The upgrade is justified by record order intake of €12.7bn and an adjusted order backlog of €25.04bn, leading RBC to view the stock as undervalued after weaker performance. RBC expects EBITDA of €519.8m for 2026 and €737.6m for 2027, and sees potential additional upside from cost reimbursements by customers. Scenarios range from €25 to €52 per share; the current target implies roughly 41% upside versus the closing price on September 9. » Altro su de.investing.com

Technip Energies missed consensus in Q2, posting adjusted net profit of €10.5m and adjusted EBITDA of €63.5m. Operational and contractual problems on projects in the Middle East prompted the company to lower its full-year guidance for the Projects Delivery EBITDA margin from 6.5–7.5% to above 5%. The revenue guidance of €5.7–6.3 billion remains unchanged, the TPS margin was raised to around 15%, the order backlog increased to €25 billion, and the net cash position stood at €3.42 billion. » Altro su de.investing.com

Technip Energies shares fell about 1.5% after BPIFrance sold 3.57 million shares (2.01% of capital) in a private placement to qualified institutional investors. The placement price was $39.0 per share, raising roughly $139 million. The transaction was handled by the French state bank. » Altro su de.investing.com

Technip Energies reported an adjusted net result of €82m for Q4, missing the consensus of €106m, which was attributed to one-off costs of €31m. Adjusted EBITDA was €160m (margin 9.0%), slightly below consensus. The company announced a share buyback program of €150m (€120m for ordinary shares, €30m for share-based compensation plans) and a dividend of €1.00 per share (+18%). Order intake of €1.27bn was stronger than expected, backlog fell to €16.0bn, and adjusted net cash was €2.82bn; for 2026 Technip Energies expects significantly higher order intake and a target backlog of €24bn. » Altro su de.investing.com

Technip Energies has received two large contracts from Bharat Petroleum Corporation Limited for projects at the refineries in Bina (Madhya Pradesh) and Mumbai (Maharashtra). The combined order volume corresponds to expected revenue of between €250 million and €500 million and was booked in the fourth quarter of 2025. The new orders come after the postponement of the Lake Charles LNG project, whose potential value had previously been estimated at around US$5 billion. » Altro su de.investing.com