Technip Energies - THNPY STOCK NEWS

Technip Energies and Samsung Engineering have secured a Pre-FID Engineering contract for the Texas LNG project in Brownsville, Texas. This joint venture aims to deliver a 4.0 Mtpa LNG export facility at the Port of Brownsville, utilizing Technip’s innovative SnapLNG™ solution. This modular design offers enhanced cost efficiency, reduced emissions, and accelerated project timelines, aligning with current energy market demands. The project is fully authorized for export to global markets and signifies Technip's commitment to low-carbon technologies.

Technip Energies, in collaboration with Saulsbury Industries, has secured a contract for Engineering, Procurement, and Construction (EPC) to expand carbon capture and storage (CCS) at ExxonMobil's LaBarge facility in Wyoming. This expansion aims to enhance the plant's CO₂ capture capacity by over 1 million metric tons annually, increasing total capacity to over 7 million metric tons per year. Technip Energies will handle engineering and procurement, while Saulsbury will oversee construction and pipeline installation.

Technip Energies announced the adoption of all resolutions at the 2022 Annual General Meeting, including the approval of the 2021 financial statements and a dividend of €0.45 per share. The dividend will be payable starting May 20, 2022. key dates for dividend eligibility include an ex-dividend date of May 18, 2022 and a record date of May 19, 2022. The company is well-positioned for energy transition with strong market positions in LNG, hydrogen, and sustainable chemistry.

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.