Feb 26 (Reuters) - French energy infrastructure company Technip Energies reported quarterly adjusted core profit below market expectations, while announcing a higher dividend payout and a 150 million
Technip Energies Q4 Profit Miss; Announces Share Buyback and Higher Dividend
Q4 Results and Shareholder Returns
Feb 26 (Reuters) - French energy infrastructure company Technip Energies reported quarterly adjusted core profit below market expectations, while announcing a higher dividend payout and a 150 million euro share buyback program.
Adjusted EBITDA and Profit vs. Expectations
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.
Dividend Proposal Raised to €1.00
Technip Energies proposed a dividend of 1 euro per share, up from 0.85 euro last year.
Orders and Backlog Update
The engineering group is working on about 12 million euros of orders, adding to its 16 million 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.
Order Intake 2025 vs 2024
Adjusted order intake totaled 4.64 billion euros in 2025, down almost 54% from the 10 billion in 2024.
Major Deals and Acquisitions
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 Advanced Materials & Catalysts business.
Analyst Outlook on Energy Transition
However, some analysts have warned of a slowdown in energy transition, with UBS expecting "only modest momentum" in 2026 for Technip Energies.
TPS Segment Performance
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.
2026 Revenue Guidance by Segment
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.
Exchange Rate Reference ($1 = €0.8470)
($1 = 0.8470 euros)
(Reporting by Vera Dvorakova and Lucie Barbier in Gdansk; Editing by Matt Scuffham)
