- Strong commercial success; Q1 2026 order intake exceeds €6bn and backlog surpasses €20bn
- Resilient first quarter performance with revenue of €1.8bn and EBITDA of €149m
- Free cash flow, excluding working capital and provisions, of €132m, representing 89% conversion from EBITDA
- Middle East events impact - new conditional 2026 segment guidance:
- Project Delivery revenue: €5.7 - 6.3bn (previously €6.3 - 6.7bn); EBITDA margin: 6.5% - 7.5% (previously ~8%)
- Technology, Product & Services revenue: €1.9 - 2.2bn (previously €2.0 - 2.2bn); EBITDA margin: ~14.5% (unchanged)
- Demonstrated capabilities to navigate near-term uncertainty; strong long-term fundamentals supporting growth outlook
Technip Energies, a global technology & engineering powerhouse leading in energy and decarbonization infrastructure, has announced its unaudited financial results for the first quarter of 2026.
Arnaud Pieton, Chief Executive Officer of Technip Energies, commented:
'Our first quarter performance demonstrates our resilience in the face of significant operational disruptions stemming from the Middle East conflict. Despite these challenges, and thanks to the adaptability and determination of our teams, Technip Energies (T.EN) delivered solid revenues and EBITDA, and generated strong free cash flows.
'We achieved considerable commercial success in the first quarter with more than €6 billion of awards that surpassed our total order intake for the whole of 2025. These wins reinforce our leadership in LNG and Sustainable Aviation Fuels, while materially strengthening our backlog to a new high of more than €20 billion. This provides Technip Energies with excellent visibility for the coming years and reinforces our medium-term growth outlook.
'We stand in solidarity with all those affected by the conflict in the Middle East. From the outset, we implemented a comprehensive crisis management framework to safeguard our global workforce and protect our contractual positions. Some of our worksites experienced temporary stoppages, followed by phased resumptions under enhanced safety protocols, working at all times in coordination with authorities and customers. Currently, our sites are nearing full mobilization.
'While the situation in the Middle East remains fluid, we see two main channels of impact on our business. First, project execution, where progress has been affected by site disruptions and logistical challenges, deferring revenue into later periods. Second, incremental costs are being incurred for safety and business continuity. While we expect cost recovery through strong contractual protections, the exact timing and extent is dependent upon the evolution of the conflict and the outcome of commercial discussions. For these reasons, and assuming the situation in the Middle East normalizes by the end of the second quarter, we estimate that around €500-600 million in revenue will be deferred beyond 2026, while the impact on project margins should be substantially mitigated.
'A global supply shock of this scale underscores the need for higher investment. National sovereignty agendas call for development of additional capacity and greater diversification – both geographically and across energy sources. It also demonstrates the importance of circularity in addressing local supply certainty. In this environment, Technip Energies has a critical role to play in advancing energy security and decarbonization. Supported by the continued execution of our strategy, our financial strength, and our global presence, Technip Energies is exceptionally well positioned to navigate the current uncertainty and to thrive in the years ahead.
Please download the pdf to learn more about:
- Key financials – adjusted IFRS
- Key financials – IFRS
- 2026 full company guidance – adjusted IFRS
- Operational and financial review
- Company financial performance
- Business highlights
- Corporate and other items - adjusted IFRS
- Liquidity - adjusted IFRS
- Capital allocation and shareholder returns
- Sustainability roadmap and scorecard
- Forward-looking statements
- Appendix
Source: Technip Energies
