GTT stock: Strong LNG orders offset softer nine-month revenue

Published on 11/11/2026 at 03:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GTT stock faces softer nine-month revenue as LNG orders accelerate. Management maintained its 2026 revenue and EBITDA targets despite delivery timing risks.

Orders strengthen GTT outlook

GTT secured 80 orders in the first nine months of 2026, including 71 methane carriers.
The company confirmed 2026 revenue guidance of EUR 740 million to EUR 780 million and EBITDA guidance of EUR 490 million to EUR 530 million.
The order book reached 299 units, while delivery timing and lower construction activity weighed on nine-month revenue.

GTT, FR0011726835, Illustration mit AI erstellt.

GTT reported a mixed nine-month update on October 23, 2026, with revenue declining but commercial activity strengthening. Ideal Investor said consolidated revenue fell 4.9 percent year over year to EUR 570.1 million in the first nine months, while GTT secured 80 orders since January.

Order intake offsets revenue pressure

The order intake included 71 methane carriers, with deliveries scheduled between 2028 and 2030. GTT also booked two ethane carriers, five onshore tanks, one floating storage and regasification unit and one floating liquefied natural gas unit.

The core order book stood at 299 units at September 30, comprising 266 methane carriers, 21 ethane carriers, three FSRUs, four FLNGs and five onshore tanks. Its value reached EUR 1.8 billion for the main activity, according to the report.

Guidance remains unchanged

GTT maintained its 2026 targets of EUR 740 million to EUR 780 million in revenue and EUR 490 million to EUR 530 million in EBITDA. The company attributed the revenue decline partly to fewer LNG carriers under construction, reflecting weaker order intake during the first nine months of 2025.

Delivery dates that had previously moved forward have also been returning toward original contractual milestones. The resulting timing effect represented less than 2 percent of nine-month revenue, while GTT said the Middle East conflict had limited short-term impact on operations.

Services expand beyond vessel systems

GTT launched its LNG Performance Centre in September, with Cargo Insights as its first module for real-time cargo tracking. The group also increased activity in its GTT Marine segment, supported by Danelec and Safety operations, while continuing to develop digital services and hydrogen-related activities.

GTT business model and market focus

Gaztransport & Technigaz develops cryogenic membrane containment systems for the maritime transport and storage of liquefied gases. Its activities cover LNG carriers, onshore storage, floating storage and regasification units, floating liquefaction units, consulting, maintenance, digital vessel-performance tools and hydrogen technology. The company serves shipowners, gas companies, terminal operators and shipyards, with its headquarters in Saint-Rémy-lès-Chevreuse, France.