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 reported a strong first quarter 2022, with an adjusted revenue growth of 4% at €1,618.2 million, up from €1,557.5 million in Q1 2021. The adjusted net profit rose to €72 million, improved margins resulted in a 6.6% EBIT margin. The company continues to enhance its portfolio with investments in hydrogen, biochemicals, and offshore wind. Despite challenges related to operations in Russia, they maintain a positive outlook for revenue between €5.0 and €5.5 billion for 2022, with a recurring EBIT margin of at least 6.5%.
Technip Energies has announced the purchase of its own shares as part of a buyback program between April 4 and April 8, 2022. A total of 51,892 shares were acquired, with the average purchase price being €10.950514. The buyback program is executed through a discretionary mandate by an investment services provider. The move aims to enhance shareholder value. Detailed transaction information is available through the company's investor relations portal.
Technip Energies will report its first quarter 2022 financial results on April 25, 2022, at 07:30 CET. A conference call will follow the results, starting at 13:00 CET, accessible via dial-in numbers for France, the UK, and the US. The event will also be available for live streaming. Technip Energies is a key player in engineering and technology for the energy transition, focusing on areas such as Liquefied Natural Gas, hydrogen, and CO2 management, operating in 34 countries with a commitment to innovative project delivery.
Technip Energies announced share buybacks totaling 553,871 shares between March 28 and April 1, 2022. Each purchase was executed under a discretionary mandate, allowing an investment services provider to independently acquire shares. The daily volumes ranged from 103,871 to 150,000 shares, with weighted average purchase prices between €11.078 and €11.372. This buyback program underscores the company's strategic intent to enhance shareholder value.
Technip Energies has been awarded a Front-End Engineering Design (FEED) contract by Equinor South Korea for the Firefly offshore floating wind project, located 70 kilometers off South Korea's East Coast. The project, aiming for 800 megawatts capacity, will utilize Technip’s INO15™ floater technology, designed for efficient mass production. The wind farm is set to operate by 2027 and will contribute to Equinor's renewable capacity goals. Technip reinforces its commitment to supporting energy transition through innovative engineering solutions.
Technip Energies announced share buybacks from March 23 to March 25, 2022, totaling 446,129 shares purchased at an average price of €10.800540. This buyback program is executed under a discretionary mandate by an investment services provider, allowing independent decisions on share acquisitions. The buyback aims to enhance shareholder value and bolster market confidence in Technip Energies, a key player in energy transition, with a strong focus on LNG and hydrogen sectors.
Technip Energies has filed its 2021 Form 20-F with the United States SEC, highlighting its status as a leading company in Engineering & Technology for the Energy Transition. The filing is available for review online. The company is set to hold its Annual General Meeting on May 5, 2022, in the Netherlands, with related documents accessible on its investor relations webpage. Technip Energies specializes in Liquefied Natural Gas, hydrogen, and sustainable chemistry, and operates in 34 countries with a workforce of 15,000.
Technip Energies has announced the convening notice for its Annual General Meeting (AGM) scheduled for May 5, 2022, at 10:00 CET in Schiphol, the Netherlands. The meeting's agenda, explanatory notes, and other relevant documents are accessible online. Technip Energies is a key player in energy transition with significant market positions in Liquefied Natural Gas, hydrogen, and CO2 management, operating in 34 countries with approximately 15,000 employees. The company is listed on Euronext Paris and also has a Level 1 sponsored ADR program.
Technip Energies (Euronext Paris: TE) has announced a share buy-back program valued at 29,850,000 euros, set to continue until December 31, 2022. This initiative aims to repurchase up to 2,700,000 shares, accounting for 1.5% of its issued share capital, to fulfill obligations under equity incentive plans. The company currently holds about 3 million treasury shares, equating to 1.7% of its total share capital. The buy-back will be executed by a designated broker, adhering to market regulations and operational conditions.
Technip Energies has published its 2021 Annual Report, which is now filed with the Dutch Authority for the Financial Markets (AFM). The report can be accessed online. The company plans to hold its Annual General Meeting on May 5, 2022, in Schiphol, the Netherlands, with detailed documents available on their investor relations page. Technip Energies, a key player in engineering and technology for the energy transition, operates in 34 countries and focuses on sectors including Liquefied Natural Gas, hydrogen, and sustainable chemistry.