Berenberg Expects Technip Energies to Confirm FY26 Guidance in Q2 Report

Berenberg expects Technip Energies (TE.PA) to affirm its full-year 2026 guidance in its upcoming second-quarter report on July 30, citing improvements in the Middle East situation, though analysts said the outlook for the region continues to be "volatile." "We expect investor focus to centre on the operational impact from the Middle Eastern conflict when Technip Energies reports its Q2 2026 results on 30 July. The situation remains volatile; however, we expect an improvement supported by projects that are now mostly remobilised and some vessel crossings of the Strait of Hormuz taking place during the quarter for the company," according to a Tuesday note. For the second quarter, the research firm estimates group revenue of 2 billion euros, with 156 million euros in EBITDA and a 7.9% margin. Analysts also forecast a "record" backlog of 24 billion euros, against 20.2 billion euros in the first quarter. Looking ahead, Berenberg trimmed its full-year sales and EBIT forecasts for 2026 to 2028. It also reduced its EPS assumptions for 2027 and 2028, while that for 2026 was unchanged. The stock remained buy-rated, with a price target of 45 euros.