Technip Energies Beats Q3 Profit Estimates

Technip Energies reported a third-quarter core profit of 172.4 million euros, beating analyst forecasts as its Project Delivery division rebounded. Although revenue fell short of expectations, the company maintained its full-year 2026 financial targets.

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The logo of French oil engineering group Technip is seen on top of the company's headquarters June 1, 2017 in the financial and business district in La Defense at Courbevoie near Paris, France. Picture taken June 1, 2017. REUTERS/Charles Platiau

Technip Energies reported third-quarter adjusted recurring core profit of €172.4 million ($191.71 million) on Thursday morning, beating expectations as its project delivery unit rebounded.