Technip Energies Stock Price, News & Analysis

Technip Energies has partnered with Casale to jointly license cutting-edge oxidative reforming technologies, specifically autothermal reforming (ATR) and partial oxidation (POx), aimed at the blue hydrogen market. This collaboration will leverage ATR processes for producing syngas, integrating carbon capture technology to achieve up to 99% carbon capture rate for hydrogen facilities. Technip Energies will co-license the technology alongside Casale, providing comprehensive solutions including Process Design Packages (PDP) and proprietary equipment. With operations in 35 countries and over 15,000 employees, Technip Energies aims to accelerate the energy transition by offering advanced hydrogen solutions, enhancing its position in the low-carbon hydrogen sector.

Technip Energies launches its ESOP 2023, an employee share offering aimed at approximately 12,000 eligible employees across 19 countries. This initiative aims to enhance long-term value creation within the company by allowing employees to participate in the share capital increase of up to 1.5% of total share capital, capped at €30 million.

Eligible employees can choose between two formulas: ESOP Classic, featuring a discounted price and matching contribution, and ESOP Leverage, which offers personal contribution protection and potential returns based on share performance. The subscription period runs from August 2 to 7, 2023, with shares fully assimilated to existing ones and bearing immediate dividends entitlement.

Technip Energies (Euronext Paris: TE) will report its Q1 2023 financial results on May 4, 2023, at 07:30 CET. A conference call will follow at 13:00 CET, where participants can join using specific dial-in numbers for France, the UK, and the US. Interested parties can access the call via a webcast, available shortly after the event. Technip Energies focuses on energy transition technologies, holding strong positions in Liquefied Natural Gas (LNG), hydrogen, and sustainable chemistry. With operations in 35 countries and around 15,000 employees, the company aims to accelerate innovative energy projects globally.

Technip Energies has secured a significant contract from Shaanxi LNG Reserves & Logistics Co. Ltd. for the Xi'An LNG Emergency Reserve & Peak Regulation Project in China, with expectations to generate between €50 million and €250 million in revenue.

The contract encompasses a Process Design Package, Front-End Engineering and Design, and essential equipment supply for a single 0.8 MTPA LNG train. The project will implement AP-SMR™ liquefaction technology and will feature the world's largest liquefaction unit driven by a single electric motor, emphasizing low-carbon LNG production.

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Technip Energies has published the convening notice for its Annual General Meeting scheduled for May 10, 2022, at 2:00 p.m. CEST in Amsterdam. Relevant documents including the agenda are available at investors.technipenergies.com/events-presentations/agm. The company's 2022 Annual Report can also be accessed at investors.technipenergies.com/financial-information/results-center. Technip Energies, a leader in engineering and technology for energy transition, operates in 35 countries, employing 15,000 staff and focusing on sectors like LNG and hydrogen.

Technip Energies, a leading Engineering & Technology company for energy transition, has published its 2022 Annual Report, which has been filed with the Financial Markets Authority in the Netherlands and the Autorité des marchés financiers in France. The report is accessible on the company’s investor relations website. An Annual General Meeting is scheduled for May 10, 2023, in Schiphol, Netherlands. The company is recognized for its leadership in Liquefied Natural Gas, hydrogen, and sustainable energy solutions, operating in over 30 countries with a workforce of 15,000 people committed to innovative energy projects.

Technip Energies, in collaboration with Shell Catalysts & Technologies and Zachry Group, has secured a FEED contract for a carbon capture unit in Baytown, Texas. This project aims to capture 2 million tons of CO₂ annually, targeting 95% of emissions from Calpine’s Baytown Energy Center. The strategic alliance between Technip and Shell, established in 2012, aims to enhance solutions in the growing carbon capture and storage market. Zachry will oversee engineering and construction planning for the project, which is positioned as a significant step in decarbonizing energy production.

Technip Energies reported a robust FY 2022 with adjusted revenue of €6.4 billion, down 4% from FY 2021, but achieved a recurring EBIT margin of 7%, up 50bps year-over-year. Net profit rose by 27% to €320.2 million, resulting in a proposed dividend of €0.52 per share, reflecting a 16% increase. The company noted a significant 63% growth in its Technology, Products & Services (TPS) backlog and a strong performance in project management consultancy. For FY 2023, Technip anticipates revenue guidance of €5.7 to €6.2 billion and aims for sustainable profitability, bolstered by ongoing demand in global gas and LNG markets.