Technip Energies NV (THNPF) Q3 2026 Earnings Report
THNPF Q3 2026 EPS Results
- Actual EPS
- $0.57
- Consensus EPS
- $0.58
- Beat/Miss
- Missed by -$0.01
- One Year Ago EPS
- $0.66
THNPF Q3 2026 Revenue Results
- Actual Revenue
- ―
- Expected Revenue
- $2.30B
- Beat/Miss
- ―
- YoY Revenue Growth
- ―
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- Before Open
- Conference Call
- Thursday, October 29, 2026
THNPF Upcoming Earnings
Technip Energies NV's next earnings date is estimated for March 4, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly constructive. The company reported year-over-year revenue and TPS growth, record quarterly EBITDA, robust free cash flow, exceptional order intake, a near-record backlog and a strong cash position, while confirming full-year guidance. The main challenges were continued Middle East disruption, associated project delivery costs, unresolved timing for some cost recovery and equipment-delivery risks for the NFS project. Management characterized operations as stable and financial impacts as contained, so the positive developments significantly outweighed the challenges.
Company Guidance
Technip Energies confirmed its full year guidance, with project delivery recurring EBITDA margin at 5.2% for the first 9 months and “plus 5% as a floor,” an increment of 20 basis points; corporate costs are expected to be “towards the low end of the guidance,” the effective tax rate is guided at 30% to 32%, and full-year free cash flow conversion is expected “towards the upper end of our typical 70% to 85% range.” TPS guidance remained around 15%, while the company said it is on track to deliver more than EUR 800 million of EBITDA by 2028 and referred to a usual 8% EBITDA target for project delivery in 2027.
- Revenue Growth and Record Quarterly EBITDANine-month revenue increased 3% year-over-year to EUR 5.6 billion. Third-quarter EBITDA reached the company's highest ever quarterly level, with an EBITDA margin of 8.9%, recovering from 3.4% in the second quarter. Full-year guidance was confirmed.
- Strong Order Intake and BacklogYear-to-date order intake exceeded EUR 14 billion, nearly 75% higher than the average full-year order intake since 2023. Backlog reached EUR 24.5 billion, close to record levels, while the six-month book-to-bill ratio was 2.5.
- Robust Free Cash Flow GenerationFree cash flow conversion excluding working capital and provisions remained high at 87%. Free cash flow was EUR 336 million, more than 80% higher than at the half year, and full-year conversion is expected toward the upper end of the typical 70% to 85% range.
- Stable Middle East Operations and Alternative LogisticsThe company established alternative logistical routes that enabled it to operate safely and keep projects moving forward amid prolonged disruption in the Middle East. Operations were described as stable, with solid cash generation and incremental costs remaining contained and in line with recent trends.
- Project Delivery RecoveryProject delivery revenue increased 4% year-over-year to EUR 4.2 billion, supported by LNG and decarbonization activity in the United States and Europe. Third-quarter project delivery revenue reached a new high, while the segment EBITDA margin recovered to 7% from 1.7% in the second quarter.
- Project Delivery Backlog and VisibilityProject delivery backlog stood at EUR 23 billion, close to record levels. The company stated that it has EUR 6.7 billion of project delivery backlog scheduled for execution in 2027, providing a growth platform for the segment.
- TPS Revenue and Margin ExpansionTechnology, Products & Services revenue increased 3% to around EUR 1.4 billion. Recurring EBITDA increased 8% year-over-year to EUR 216 million, and the margin expanded by 80 basis points to 15.6%. Third-quarter revenue of EUR 495 million was the highest since the fourth quarter of 2024, with a record quarterly recurring EBITDA margin of more than 16%.
- TPS Order Growth and Portfolio MomentumTPS orders totaled EUR 1.4 billion in the first nine months, up 22% compared with the first nine months of 2025. Order intake was supported by technology and equipment contracts in ethylene, along with studies, services and PMC call-offs. TPS backlog was EUR 1.5 billion.
- Strong Balance Sheet and Cash PositionGross cash increased to EUR 5 billion from EUR 3.8 billion at year-end and remained comfortably above net contract liabilities of EUR 4.4 billion. Gross debt was stable quarter-over-quarter at EUR 1.4 billion, and cash and cash equivalents reached the company's highest level to date.
- Lower Expected Corporate CostsCorporate costs were EUR 50 million, including the EUR 16 million noncash impact of ESOP 2026 recognized in the first half. The underlying trend was described as favorable, and full-year corporate costs are expected toward the low end of guidance.
- Shareholder Returns and Capital Allocation FlexibilityThe company stated that more than EUR 325 million will have been returned to shareholders during the year through dividends and the buyback program, which was completed at the end of the third quarter. The strong net cash position provides flexibility to continue shareholder returns and consider investments in inorganic growth and adjacent business models.
- Progress on Reju Recycling VentureReju's Frankfurt demonstration plant has produced high-quality recycled polyethylene, or rPET, which has been converted into commercial products by several brands. Substantial Dutch government funding was secured for Reju's first industrial-scale plant, textile waste feedstock agreements were secured, and offtake discussions are progressing toward a potential final investment decision in 2027.
- Launch of Rebound Sustainable Aviation Fuel Joint VentureTechnip Energies is establishing Rebound, a joint venture to develop a major alcohol-to-jet sustainable aviation fuel project in France alongside Airbus, Safran and Tereos. Technip Energies will act as lead developer and engineering services provider.
- Progress on Qatar ProjectsThe NFE project in Qatar was described as well advanced, with the first train ready for handover and the second train under commissioning. QatarEnergy has confirmed a start-up in the first half of 2027, and NFS and NFW were also described as progressing, with NFW at an early stage and NFS progressing normally apart from equipment-delivery considerations.
- AM&C Performing to Business PlanAM&C was described as delivering according to its business plan. The company is identifying opportunities for integration and co-creation of new solutions, markets and opportunities, with the portfolio enrichment expected to play out over the next 12 to 18 months.
- Long-Term Growth PipelineThe company cited a growing pipeline across LNG, offshore, energy derivatives and sustainable fuels, with opportunities in the Middle East and other regions. It stated that it is on track to deliver more than EUR 800 million of EBITDA by 2028.
- IFRS 18 Expected to Change Presentation OnlyThe company stated that IFRS 18 will not change net income or equity. Applied to the first nine months of 2026, recurring PBFT and PBFTDA would have been EUR 95 million higher, principally because interest income on cash would move from financing to investing activities.
THNPF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 04, 2027 | 2026 (Q4) | 0.74- | 0.58 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 0.580.57 | 0.66 | -13.90% (-0.09) | |
| Jul 30, 2026 | 2026 (Q2) | 0.580.07 | 0.62 | -88.45% (-0.55) | |
| Apr 30, 2026 | 2026 (Q1) | 0.650.54 | 0.63 | -14.29% (-0.09) | |
| Feb 26, 2026 | 2025 (Q4) | 0.670.58 | 0.66 | -11.71% (-0.08) | |
| Oct 30, 2025 | 2025 (Q3) | 0.700.66 | 0.6 | 9.67% (+0.06) | |
| Jul 31, 2025 | 2025 (Q2) | 0.660.62 | 0.61 | 0.73% (+0.00) | |
| Apr 30, 2025 | 2025 (Q1) | 0.630.63 | 0.56 | 12.00% (+0.07) | |
| Feb 27, 2025 | 2024 (Q4) | 0.600.66 | 0.54 | 21.95% (+0.12) | |
| Oct 31, 2024 | 2024 (Q3) | 0.580.60 | 0.51 | 17.47% (+0.09) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
