Q1 2026 Technip Energies NV Earnings Call Transcript
Key Points
- Technip Energies NV (THNPF) reported a strong order intake of over EUR6 billion in Q1 2026, marking one of the strongest periods in its history.
- The company's backlog reached a new high of more than EUR20 billion, reinforcing its medium-term growth outlook.
- Technip Energies NV (THNPF) successfully converted nearly 90% of its EBITDA into free cash flow, demonstrating strong cash generation capabilities.
- The company secured significant wins in LNG and sustainable fuels, including Europe's first greenfield sustainable aviation fuel plant.
- Technip Energies NV (THNPF) maintained a robust financial position with gross cash of EUR4.2 billion, significantly exceeding net contract liabilities.
- Revenue declined by 4% year over year, and EBITDA fell by 8%, impacted by operational disruptions in the Middle East.
- EBITDA margins decreased by 40 basis points compared to last year, reflecting challenges from the Middle East conflict and foreign exchange headwinds.
- The company expects EUR500 million to EUR600 million in revenue to be deferred beyond 2026 due to the Middle East situation.
- Incremental costs for safety and business continuity in the Middle East are impacting financial performance.
- Diluted EPS decreased by 14% year over year, driven by the EBITDA trend and increased non-recurring items.
Good afternoon. This is the Chorus Call conference operator, welcoming thank you for joining the Technip Energies' first-quarter 2026 financial results conference call. (Operator Instructions)
At this time, I would like to turn a conference over to Philip Lindsay, Head of Investor Relations. Please go ahead, sir.
Thank you, Maria.
Hello and welcome to Technip Energy's financial results for the first quarter of 2026. On the call today, our CEO, Arnaud Pieton will discuss our Q1 performance and business highlights. This will be followed by a financial review by CFO, Bruno Vibert.
Arnaud will then return for the conclusion before we open for questions. Before we start, I encourage you to take note of the forward-looking statements on slide three.
I will now pass the call over to Arnaud.
Thank you, Phil, and a very warm welcome to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
