France's Technip Energies misses Q4 profit forecast, announces buyback

Ecovyst

26/02/2026 06:30

Corrects numbers in paragraph 4 to billion not million as stated previously

By Vera Dvorakova and Lucie Barbier

Feb 26 (Reuters) - French energy infrastructure company Technip Energies TE.PA reported quarterly adjusted core profit below market expectations, while announcing a higher dividend payout and a 150 million euro share buyback program.

The company, which specialises in engineering and technology for the energy industry, said its adjusted recurring earnings before interest, taxes, depreciation and amortisation (EBITDA) reached 159.9 million euros ($188.8 million) in the quarter. This was below the 167 million euros expected by analysts in a company-compiled consensus.

Technip Energies proposed a dividend of 1 euro per share, up from 0.85 euro last year.

The engineering group is working on about 12 billion euros of orders, adding to its 16 billion euros backlog, CFO Bruno Vibert said on a media call. It expects to achieve its highest annual order intake ever in 2026, CEO Arnaud Pieton said in a press release.

Adjusted order intake totaled 4.64 billion euros in 2025, down almost 54% from the 10 billion in 2024.

The group has signed several major deals this year, including a contract from Commonwealth LNG for a project in the U.S. and the purchase of a U.S.-based chemicals group Ecovyst's ECVT.N Advanced Materials & Catalysts business.

However, some analysts have warned of a slowdown in energy transition, with UBS expecting "only modest momentum" in 2026 for Technip Energies.

Its technology, products & services segment (TPS), which is linked to energy transition spending, achieved revenue of 1.82 billion euros, at the lower end of the guided 1.8 billion to 2.2 billion euros.

The group now expects TPS revenue of 2 billion to 2.2 billion euros in 2026. Revenue in its other segment, project delivery, is expected to fall between 6.3 and 6.7 billion euros.

($1 = 0.8470 euros)

 (Reporting by Vera Dvorakova and Lucie Barbier in Gdansk; Editing by Matt Scuffham)

 ((vera.dvorakova@thomsonreuters.com; lucie.barbier@thomsonreuters.com))