France's GTT 9M revenue falls 4.9% on fewer LNG carriers

Gaztransport et Technigaz SA

23/10/2026 17:06

Overview
France membrane containment systems provider's 9M 2026 revenue fell 4.9% yr/yr to 570.1 mln EUR
Revenue decline reflects fewer LNG carriers under construction due to prior yr order intake
Company confirmed 2026 objectives despite uncertain geopolitical context

Outlook
GTT sees 2026 consolidated revenue between EUR 740 mln and EUR 780 mln
Company expects 2026 consolidated EBITDA between EUR 490 mln and EUR 530 mln
GTT confirms 2026 objectives despite uncertain geopolitical context

Result Drivers
FEWER LNG CARRIERS - Co said revenue decline mainly reflected a lower number of LNG carriers under construction, linked to low order intake in 9M 2025
DELIVERY TIMING - Realignment of ship delivery dates with contractual milestones caused a slight shift in revenue
CERTIFICATION SLOWDOWN - Revenue from services to operations declined due to slower certification business

Company press release: ID:nGNEbLJ6vl

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
EUR 570.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
Wall Street's median 12-month price target for Gaztransport et Technigaz SA is €238.00, about 19.9% above its October 22 closing price of €198.50
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Oct 22 - QatarEnergy locks in US LNG supply from Cheniere as Hormuz disruption drags on
Oct 22 - France's Maurel & Prom 9M sales rise 17% on higher oil prices
Oct 22 - Novatek hopes Europe will to reconsider its ban on Russian LNG, Ifx reports

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)