GTT receives LNG carrier order as GTT stock falls 2.97 percent

Published on 10/01/2026 at 14:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GTT received an LNG carrier order on September 23, 2026. GTT stock costs EUR 209.10 on October 1, 2026, down 2.97 percent from EUR 215.50.

LNG-Tanker mit sphärischen Kuppeln am Terminal in der Abenddämmerung — Gaztransport & Technigaz SA (FR0011726835): LNG-Tanker mit Membrantank-Kuppeln liegt abends am Terminal an, Illustration mit AI erstellt.

GTT (ISIN FR0011726835) was trading at EUR 209.10 at Lang & Schwarz on October 1, 2026 at 2:42 p.m. CEST, down 2.97 percent from the prior close of EUR 215.50. On September 23, 2026, the company received an order for the tank design of an 18,700 cubic meter LNG carrier, according to GTT.

Order flow supports visibility

The order came from Hudong-Zhonghua Shipbuilding and adds to GTT's LNG carrier activity. The company said its financial calendar schedules the third-quarter 2026 activity update for October 23, 2026, after the close of trading, according to GTT.

GTT's orderbook stood at EUR 1.9 billion at the end of June 2026 and comprised 306 orders, including 272 LNG carriers, according to Investing.com. That backlog gives the order announcement a measurable operating context rather than leaving the stock story dependent on one contract.

First-half figures set the base

For the first half of 2026, GTT reported revenue of EUR 387.3 million and EBITDA of EUR 263.6 million, with an EBITDA margin of 68.1 percent, according to Ideal Investor. The same report states that GTT confirmed 2026 targets of EUR 760.0 million in revenue and EUR 510.0 million in EBITDA, making the first-half revenue equivalent to 50.96 percent of the full-year revenue target.

Berenberg maintained a Buy rating and a EUR 245.00 price target in its September 2026 note, while modeling revenue of EUR 194.0 million for the third quarter and 2026 revenue between EUR 740.0 million and EUR 780.0 million, according to Finwires. The target is EUR 35.90 above the Lang & Schwarz price, or 17.17 percent above it.

Stock remains below its yearly high

GTT's EUR 209.10 intraday price at Lang & Schwarz on October 1, 2026 stood 7.89 percent below the EUR 227.00 52-week high. The daily decline therefore places the stock below its recent peak while the October 23 reporting date supplies the next defined company event.

The further course of trading is shown by the continuously updated real-time quote of GTT stock.