MISTRAS Awarded NDT Services Contract by Bechtel for Woodside’s $17.5B Louisiana LNG Megaproject

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.

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.

Argus Dec 16 session

+2.87% close to close Open Argus

Details

News Market Reaction – MG

On Dec 16, the day this news came out, MG closed 2.87% above the previous close.

Data tracked by StockTitan Argus for the Dec 16 session.

Key Figures

Project investment: $17.5B Permitted LNG capacity: 27.6 million tonnes per annum

Project investment

$17.5B

Woodside Louisiana LNG megaproject size

Permitted LNG capacity

27.6 million tonnes per annum

Woodside Louisiana LNG terminal production capacity

Historical Context

5 past events · Latest: Nov 04

5 events

1. Nov 04

   Q3 earnings

   24h Move

   -0.2%

   Stronger Q3 results and raised full-year Adjusted EBITDA guidance.

2. Oct 23

   Earnings call notice

   24h Move

   +2.1%

   Announcement of Q3 2025 results conference call scheduling.

3. Oct 16

   Investor conference

   24h Move

   -0.3%

   Participation announcement for Baird’s Global Industrial Conference.

4. Oct 14

   Technology partnership

   24h Move

   +0.3%

   Partnership with Villari to offer wireless crack-detection sensors.

5. Sep 09

   Data center deal

   24h Move

   -1.9%

   Partnership with B&K to provide advanced inspection for data centers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-destructive testing, radiography, magnetic particle testing, liquid penetrant testing, +4 more

8 terms

non-destructive testing technical

"to deliver Non-Destructive Testing (NDT) services for the Woodside Louisiana LNG"

A set of inspection methods used to check the condition of equipment, structures or materials without harming them, like using X-rays, ultrasound or surface scans instead of cutting things open. Investors care because these tests reveal hidden wear, defects or safety issues that affect a company’s operating costs, regulatory compliance, asset life and downtime risk — information that can change expectations for future profits and liabilities.

radiography technical

"suite of NDT services, including Radiography (RT), Magnetic Particle Testing (MT)"

Radiography is a medical imaging technique that uses X-rays to create pictures of the inside of the body, like bones and organs, so doctors can diagnose injuries and disease. For investors, it matters because demand for radiography equipment and related services drives revenue for medical device makers, hospitals and diagnostic centers, and is sensitive to factors such as technological advances, reimbursement rules and regulatory approvals — similar to how a factory’s output depends on the machines it uses.

magnetic particle testing technical

"including Radiography (RT), Magnetic Particle Testing (MT), Liquid Penetrant"

Magnetic particle testing is a method for checking metal parts for cracks or defects by magnetizing the part and sprinkling fine magnetic particles over it; the particles gather where magnetic fields leak at flaws, making hidden breaks visible much like iron filings revealing a hidden pattern around a magnet. Investors care because this inspection affects product safety, maintenance costs, regulatory compliance and downtime risk—factors that influence liability, repair spending and a company’s operational reliability.

liquid penetrant testing technical

"Magnetic Particle Testing (MT), Liquid Penetrant Testing (PT), Positive Material"

Liquid penetrant testing is a non-destructive inspection method that finds surface cracks or flaws by applying a colored or fluorescent liquid that seeps into tiny openings and becomes visible after a developer is applied or under ultraviolet light. For investors, it signals how a company checks the safety and durability of metal or ceramic parts—robust testing can reduce costly recalls, regulatory fines, and equipment failures, while poor inspection practices increase operational and reputational risk.

positive material identification technical

"Liquid Penetrant Testing (PT), Positive Material Identification (PMI), Ultrasonic"

Positive material identification is a testing process used to verify the chemical makeup of metals and alloys so companies know exactly what materials they are using. Like checking a product’s barcode to confirm it’s the right model, this check helps investors gauge whether a manufacturer meets safety standards, avoids costly recalls or production delays from wrong or counterfeit materials, and manages supply-chain or regulatory risks that can affect earnings.

ultrasonic thickness testing technical

"Positive Material Identification (PMI), Ultrasonic Thickness Testing (UT), and Leak"

Ultrasonic thickness testing uses sound waves, like a medical ultrasound or a boat's sonar, to measure how thick a metal or composite part is without cutting it open. Investors care because those measurements reveal wear, corrosion or manufacturing defects that affect an asset’s remaining life, repair costs, safety and regulatory compliance, which in turn influence future cash flows, downtime risk and valuation.

leak testing technical

"Ultrasonic Thickness Testing (UT), and Leak Testing."

Leak testing is the process of checking a product, container, pipe, or medical device to find unwanted holes or gaps that allow air, liquid, gas, or contaminants to escape or enter. Think of it like making sure a soda bottle cap or a roof has no holes; for investors, reliable leak testing matters because failures can force recalls, production stoppages, regulatory fines, warranty costs, and damage to reputation, all of which can hurt revenue and share value.

lng technical

"Woodside Louisiana LNG terminal, a multibillion-dollar LNG production and export"

Liquefied natural gas (LNG) is natural gas that has been cooled into a liquid so it takes up far less space for transport and storage, like turning a bulky bundle into a compact package for shipping. Investors care because LNG enables gas trade across regions without pipelines, so changes in production, export capacity, shipping, or demand can quickly affect energy company revenues, infrastructure operators and commodity prices, amplifying both opportunity and risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What scope of work did MISTRAS (MG) win from Bechtel for the Woodside Louisiana LNG project?

MISTRAS will provide comprehensive NDT services: RT, MT, PT, PMI, UT, and Leak Testing, performed by certified technicians.

How large is the Woodside Louisiana LNG terminal that MISTRAS will support for MG?

The terminal is permitted for 27.6 million tonnes per annum of LNG production.

When was the contract award to MISTRAS (MG) announced?

The award was announced on December 16, 2025.

What does the Bechtel award mean for MISTRAS shareholders (MG)?

It represents a commercial win in large-scale energy infrastructure that could support service revenue growth, subject to contract terms and execution.

Where will the Woodside Louisiana LNG project be located and what impact is cited?

The project is in Sulphur, Louisiana, and is expected to support thousands of jobs and strengthen U.S. energy security.