Welcome to our dedicated page for Technip Energies news (Ticker: THNPY), a resource for investors and traders seeking the latest updates and insights on Technip Energies stock.
Technip Energies, represented in the U.S. by THNPY American depositary receipts, reports developments across engineering and technology work for the energy transition. Recurring updates include LNG project awards, Process Design Package and FEED work, hydrogen and ethylene technologies, blue and green hydrogen initiatives, sustainable chemistry, and CO2 management projects.
Company news also covers technology partnerships such as autothermal reforming and partial oxidation licensing for blue hydrogen, carbon capture collaborations using Shell CANSOLV technology, and Reju, its textile-to-textile regeneration business focused on polyester waste circularity. Governance and issuer updates include annual report publication, annual general meeting materials, financial-results scheduling, Euronext Paris listing references, and the Level 1 sponsored ADR program traded over the counter in the United States.
Technip Energies N.V. published its Half-Year Financial Report for the six months ended June 30, 2022, on July 28, 2022. The report includes condensed financial statements prepared according to IAS 34, along with an interim management report. Technip Energies is recognized for its engineering and technology leadership in the energy transition, focusing on LNG, hydrogen, and CO2 management. The company operates in 34 countries, employing 15,000 people dedicated to driving innovative projects that support a sustainable future.
Technip Energies reported H1 2022 revenues of €3.27 billion, a slight increase from €3.24 billion in H1 2021. Adjusted net profit rose by 31% year-over-year to €132 million, with an adjusted recurring EBIT margin of 6.3%. The company raised its full-year EBIT margin outlook to at least 6.8%, excluding Arctic LNG 2. Energy transition orders surpassed €500 million in H1, with expectations to reach around €1 billion by year-end. Key milestones included the Coral FLNG achieving first gas in Mozambique despite challenges from the orderly exit of Arctic LNG 2 due to sanctions.
Technip Energies has announced a share buyback program, executed between July 18 and July 22, 2022, purchasing a total of 201,000 shares at an average price of €10.21.
This discretionary buyback aims to enhance shareholder value by reducing share supply. Daily volumes ranged from 38,000 to 45,000 shares, with prices fluctuating between €10.04 and €10.37.
Further details on these transactions can be found on their investor relations page.
Technip Energies has secured a crucial contract with Neste to expand its renewable products capacity in Rotterdam, increasing output by 1.3 million tons annually. This project, part of an existing partnership, includes engineering, procurement, and construction management services. The work follows a successful Front-End Engineering and Design phase completed in 2021. The expansion utilizes Neste’s proprietary NEXBTL™ technology, converting waste materials into renewable fuels.
Technip Energies (EuronextParis:TE) announced its share buyback program, reporting purchases from July 11 to July 15, 2022. A total of 200,000 shares were acquired at a weighted average price of €10.969418. The buyback aims to enhance shareholder value and is managed by an independent investment services provider. This strategic initiative reflects the company’s commitment to returning value to shareholders while reinforcing its financial position.
A new joint venture, NT ENERGIES LLC, has been established between National Petroleum Construction Company (NPCC) and Technip Energies to enhance energy transition services in the UAE, Middle East, and North Africa. This venture focuses on blue and green hydrogen, CO2 capture, and various decarbonization projects. The agreement was signed during a high-profile meeting in Paris. Technip Energies' CEO believes this partnership is crucial for accelerating energy transition and facilitating sustainable solutions in the region.
Technip Energies, listed on Euronext Paris under the symbol TE, conducted a share buyback program between July 4 and July 8, 2022. A total of 184,917 shares were repurchased, with an average purchase price of €11.871127 per share. This initiative, managed by an investment services provider, aims to optimize shareholder value and reinforce market confidence. The transactions are part of a broader strategy to support the company's objectives in the energy transition sector.
Technip Energies has announced its ongoing share buyback program, reporting the purchase of 170,000 shares from June 27 to July 1, 2022. The shares were acquired at a weighted average price of €12.175720 through an investment services provider with a discretionary mandate. The buyback aims to enhance shareholder value and reflects the company's commitment to returning capital to its investors. The total transactions indicate a strategic move to bolster the stock price and investor confidence.
Technip Energies has secured a significant Engineering, Procurement, and Construction (EPC) contract from Hafslund Oslo Celsio for a groundbreaking carbon capture and storage (CCS) project at a waste-to-energy plant in Oslo, Norway. This project, the first of its kind globally, aims to capture 400,000 tons of CO2 annually, equivalent to emissions from 200,000 cars, thereby reducing Oslo's emissions by 17%. The contract is valued between €250 million and €500 million.
Technip Energies has conducted a share buyback from June 20 to June 24, 2022, purchasing a total of 175,000 shares at an average price of €12.18. The buyback program aims to enhance shareholder value through strategic repurchases executed by an independent investment service provider. The initiative demonstrates the company’s commitment to returning value to shareholders while maintaining a strong financial position.