Technip Energies: A Beacon of Growth in the Energy Transition

Technip Energies, a global technology and engineering powerhouse, has delivered an outstanding performance in 2024, setting new highs for both revenue and earnings. The company's strong financial results reflect the broader energy transition trends and are driven by several key factors.

1. Growth in LNG and decarbonized power generation: Technip Energies' order intake in 2024 exceeded €10 billion for the second consecutive year, with a significant portion coming from LNG and decarbonized power generation projects. This growth is supported by the increasing demand for cleaner energy sources and the need to reduce greenhouse gas emissions.
2. Leadership in modularized LNG trains and carbon capture: The company's leadership in modularized LNG trains and carbon capture technologies has positioned it well to capitalize on the growing demand for low-carbon energy solutions. For instance, Technip Energies was selected for a major low-carbon LNG development on ADNOC's Ruwais project in the UAE and a substantial contract for Marsa LNG in Oman.
3. Innovation and decarbonization efforts: Technip Energies' commitment to innovation and decarbonization has opened new market opportunities. The company was recognized by the US Department of Energy with an up to $200 million investment for a commercial facility to produce ethylene from CO2, and it launched EkWil, a joint venture with SBM Offshore, to deliver competitive solutions for the nascent floating offshore wind sector.
4. Diversification and geographic expansion: Technip Energies' strategy to diversify its portfolio of solutions and customers, and expand geographically, has contributed to its growth. The company has secured notable projects in various regions, such as the Net Zero Teesside Power project in the UK and the Lake Charles LNG export terminal in the US.



Technip Energies' strong financial performance in 2024 is reflected in its revenue growth and earnings per share (EPS). The company's revenue increased by 14% year-over-year, reaching €6.9 billion and exceeding the top-end of its guidance range. Diluted EPS grew by 33% year-over-year to €2.16. This growth is a testament to the company's ingenuity and commitment to excellence.

The company's robust 2024 performance and confidence in its business outlook support a proposed 49% dividend increase to €0.85 per share. This increase is a significant jump compared to the company's historical dividend growth rates and suggests that management expects the company's earnings to grow significantly in the future. The strong revenue growth, significant order intake, and high backlog provide a solid foundation for Technip Energies' growth trajectory.

In conclusion, Technip Energies' strong financial performance in 2024 reflects the broader energy transition trends and is driven by the company's growth in LNG and decarbonized power generation, leadership in modularized LNG trains and carbon capture, innovation and decarbonization efforts, and diversification and geographic expansion. The company's robust performance and confidence in its business outlook support a proposed 49% dividend increase, indicating management's expectations for future earnings growth.