Technip Energies announces $150 million buyback plan, dividends exceed expectations

LootboxPhobia · 2026-02-26T08:25:32+00:00

Technip Energies NV reports Q4 results below expectations and announces a €150 million share buyback plan and an 18% dividend increase. Adjusted net profit is €82 million, affected by high non-recurring costs. The 2026 guidance indicates stable revenue and profit expectations, with the goal of achieving the highest order volume in history.

LootboxPhobia

2026-02-26 08:25:32

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Investing.com – Technip Energies NV (EPA:TE) announced its Q4 results fell short of profit expectations but revealed a new €150 million share buyback program, with dividends 12% higher than analyst estimates.

The company’s adjusted net profit for Q4 was €82 million, 23% below the consensus estimate of €106 million.

The underperformance was attributed to €31 million in higher non-recurring costs, including investments in Reju and acquisition expenses.

Adjusted EBITDA was €160 million, with a profit margin of 9.0%, slightly below the consensus estimate of €167 million and an 8.9% profit margin.

The project division achieved €108 million in EBITDA with an 8.0% profit margin; the TPS division achieved €60 million in EBITDA with a 12.8% profit margin.

Technip Energies announced a FY2025 dividend of €1.00 per share, up 18% from €0.85 per share last year.

The announced buyback plan will allocate €120 million for common stock repurchases and €30 million for an equity incentive plan, to be executed in 2026.

The company reported Q4 orders of €1.27 billion, 9% above the consensus estimate of €1.17 billion. The order-to-shipment ratio is 0.7x. Backlog decreased 5% quarter-over-quarter from €16.8 billion to €16.0 billion.

Adjusted net cash totaled €2.82 billion, down from €3.32 billion in Q3, mainly due to the completion of the €472 million AM&C transaction.

For FY2026, Technip Energies’ guidance indicates project delivery revenue of €6.3 billion to €6.7 billion, with an EBITDA margin of about 8%; and TPS revenue of €2.0 billion to €2.2 billion, with an EBITDA margin of approximately 14.5%.

This guidance implies a median EBITDA of €770 million, in line with expectations. Company costs are projected between €50 million and €60 million, with an effective tax rate of 26% to 30%.

The company stated it expects the highest-ever annual order volume in 2026, aiming for backlog of €24 billion by mid-2026, a 50% increase from current levels.

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