GTT receives Hanwha order before October 23 results for GTT stock

Published on 10/18/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hanwha Ocean ordered tanks for two 174,000-cubic-meter LNG carriers on October 14, 2026. The third-quarter reporting date for GTT stock is October 23, 2026.

Analyst view and reporting date

Hanwha Ocean ordered tanks for two LNG carriers on October 14, 2026.
Jefferies lifted its target from EUR 235.00 to EUR 260.00 on October 16, 2026.
GTT stock had a EUR 7.8 billion market capitalization as of October 16, 2026.

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GTT (ISIN FR0011726835) received an order from Hanwha Ocean on October 14, 2026, covering tank designs for two liquefied natural gas carriers with capacity of 174,000 cubic meters each. Delivery is scheduled for the fourth quarter of 2029, giving the announcement a multi-year execution horizon.

What does the order add to visibility?

The latest contract extends a run of vessel awards. GTT said the tanks will use its NO96 Super+ membrane containment system, while the vessels are scheduled for delivery by the fourth quarter of 2029, according to GTT. The first-half order book stood at EUR 1.9 billion, according to Ideal Investisseur.

Three dated steps in the order book

On July 28, 2026, GTT reported first-half revenue of EUR 387.3 million and EBITDA of EUR 263.6 million, according to Ideal Investisseur. On October 5, 2026, GTT received an order for four new LNG carriers from Samsung Heavy Industries, according to GTT. On October 14, 2026, the Hanwha Ocean order added two more carriers with 174,000 cubic meters of capacity, according to GTT.

When is the next company update?

GTT is scheduled to publish its third-quarter 2026 activity update after the close of trading on October 23, 2026, according to the company finance calendar. The update will test whether the order flow can support the 2026 outlook, which the company has confirmed at expected revenue of EUR 760.0 million and expected EBITDA of EUR 510.0 million, as reported by Ideal Investisseur.

Analyst target rises to EUR 260.00

Jefferies raised its price target for GTT from EUR 235.00 to EUR 260.00 on October 16, 2026 and confirmed its buy rating, according to ABC Bourse. The same report said Jefferies expected GTT could raise its 2026 objectives toward the top of the range, while noting that consensus already anticipated such a move.

The dated market picture

On Euronext Paris, GTT last stood at EUR 211.60 on October 16, 2026 at 5:35 p.m. CEST. Its market capitalization was EUR 7.8 billion and its 52-week range was EUR 153.80 to EUR 227.00 as of October 16, 2026.

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