May 04, 2026 [Storage Terminals Magazine]- Technip Energies has reported a resilient first-quarter performance for 2026, delivering solid revenues, EBITDA and strong free cash flow generation in spite of significant operational disruption caused by the ongoing conflict in the Middle East. Chief Executive Arnaud Pieton attributed the result to the adaptability and determination of the company’s teams in the face of what he described as considerable challenges.

The engineering group delivered solid first-quarter revenues and strong free cash flow, while warning that up to €600 million in revenue could slip beyond 2026 due to site stoppages caused by the regional conflict.

Q1 2026 results

Order intake, Q1 2026

>€6bn which exceeds full-year 2025 total

Backlog

>€20bn

new all-time high

Revenue deferred beyond 2026

€500–600m if the conflict normalises by end of Q2

The standout feature of the quarter was the company’s commercial momentum. Order intake exceeded €6 billion in the three months to March, surpassing Technip Energies’ total award intake for the entirety of 2025. The wins span the company’s core areas of LNG and sustainable aviation fuels and have pushed the group’s backlog to a new record high of more than €20 billion, a level that management said provides excellent visibility for the coming years and reinforces the company’s medium-term growth outlook.

“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.”Arnaud Pieton, Chief Executive Officer, Technip Energies

Against that commercial backdrop, the Middle East conflict has created two distinct headwinds for the business. The first is project execution: site disruptions and logistical difficulties have deferred revenue into later periods. The second is incremental cost, with additional expenditure being incurred for safety measures and business continuity. The company said it expects to recover these costs through strong contractual protections, though the exact timing and extent will depend on how the conflict develops and the outcome of commercial discussions with clients.

Assuming the situation in the Middle East normalises by the end of the second quarter, Technip Energies estimates that around €500 to €600 million in revenue will be pushed beyond 2026, while it expects the impact on project margins to be substantially mitigated. The company said all its worksites are now nearing full mobilisation following phased resumptions under enhanced safety protocols, carried out in coordination with local authorities and customers.

Looking beyond the immediate disruption, Pieton framed the broader environment as one that strengthens the long-term case for Technip Energies. A supply shock of this scale, he argued, underscores the need for higher investment in energy capacity, greater geographic diversification and greater circularity in addressing local supply security. The company said it is well positioned to play a central role in advancing both energy security and decarbonisation in the years ahead.

Technip Energies is listed on Euronext Amsterdam and Paris. The Q1 2026 results are unaudited.