MISTRAS Awarded NDT Services Contract by Bechtel for Woodside’s $17.5B Louisiana LNG Megaproject
Rhea-AI Summary
MISTRAS Group (NYSE: MG) was selected by Bechtel to provide Non-Destructive Testing (NDT) services for the Woodside Louisiana LNG terminal in Sulphur, Louisiana, a project permitted for 27.6 million tonnes per annum of LNG production.
MISTRAS will deliver a full suite of NDT services — including Radiography (RT), Magnetic Particle Testing (MT), Liquid Penetrant Testing (PT), Positive Material Identification (PMI), Ultrasonic Thickness Testing (UT), and Leak Testing — performed by certified technicians in accordance with industry and regulatory standards. The project is described as one of the world’s largest LNG facilities and is expected to support thousands of jobs and U.S. energy security.
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Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves: CIX +8.85% and NL +1.07% are higher, while NSSC -1.57%, EVLV -4.79%, and BAER -1.18% are lower. With no peers in the momentum scanner and no same-day peer headlines, MG’s move appears stock-specific to this contract news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 04 | Q3 earnings | Positive | -0.2% | Stronger Q3 results and raised full-year Adjusted EBITDA guidance. |
| Oct 23 | Earnings call notice | Neutral | +2.1% | Announcement of Q3 2025 results conference call scheduling. |
| Oct 16 | Investor conference | Neutral | -0.3% | Participation announcement for Baird’s Global Industrial Conference. |
| Oct 14 | Technology partnership | Positive | +0.3% | Partnership with Villari to offer wireless crack-detection sensors. |
| Sep 09 | Data center deal | Positive | -1.9% | Partnership with B&K to provide advanced inspection for data centers. |
Recent positive operational and partnership news often saw muted or even negative next-day moves, while informational conference items had modest, mixed reactions.
Over the past few months, MISTRAS reported stronger Q3 2025 results on Nov 4 with higher revenue, margins, and raised 2025 Adjusted EBITDA guidance, yet the stock moved only -0.21%. The company has emphasized visibility with earnings calls and a Baird conference appearance in October. Strategically, it expanded via partnerships in data centers and wireless crack-detection sensors. Today’s large NDT services award for a $17.5B LNG megaproject extends this pattern of pursuing high-value, technically demanding infrastructure work.
Market Pulse Summary
This announcement highlights MISTRAS securing NDT services work on Woodside’s $17.5B Louisiana LNG megaproject, permitted for 27.6 million tonnes per annum of LNG production. It reinforces the company’s positioning in large, technically demanding energy infrastructure alongside recent partnerships in data centers and advanced crack-detection. Investors should watch how this contract converts into revenue and margins over time, and how it complements trends seen in recent quarterly results and regulatory filings.
Key Terms
lng technical
AI-generated analysis. Not financial advice.
PRINCETON, N. J., Dec. 16, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG), a global leader in technology-enabled industrial asset integrity and testing solutions, announced today that Bechtel has selected the Company to deliver Non-Destructive Testing (NDT) services for the Woodside Louisiana LNG terminal, a multibillion-dollar LNG production and export facility under construction in Sulphur, Louisiana.
The project, which is permitted up to 27.6 million tonnes per annum of LNG production, is one of the most significant energy infrastructure developments in the world and represents a major investment in U.S. Gulf Coast energy capacity.
MISTRAS will provide a comprehensive suite of NDT services, including Radiography (RT), Magnetic Particle Testing (MT), Liquid Penetrant Testing (PT), Positive Material Identification (PMI), Ultrasonic Thickness Testing (UT), and Leak Testing. All work will be performed by certified MISTRAS technicians with documented adherence to industry and regulatory standards.
“This award underscores our long-standing expertise in supporting large-scale energy projects,” said Gennaro D’Alterio, Executive Vice President and Chief Commercial Officer, MISTRAS Group. “We are proud to support Bechtel in advancing a project that is vital to the region and global energy markets.”
When completed, the Woodside Louisiana LNG terminal will be among the world’s largest LNG facilities, supporting thousands of jobs and strengthening U.S. energy security.
About MISTRAS Group
MISTRAS Group, Inc. (NYSE: MG) is a global leader in technology-enabled industrial asset integrity and testing solutions, serving critical industries including oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure. The company provides a diversified portfolio of products and services, ranging from advanced non-destructive testing and pipeline inspections to real-time condition monitoring, maintenance planning, and specialized engineering, powered by a proprietary management software suite that centralizes integrity data for predictive analytics and benchmark analysis. With a long-standing track record of innovation and deep industry expertise, MISTRAS helps clients reduce risk, extend asset life, and optimize operational performance. Learn more at www.mistrasgroup.com.
Contact:
Theresa Feraren
Senior Vice President & Chief Marketing Officer
MISTRAS Group, Inc.
marcom@mistrasgroup.com
FAQ
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