ABB Secures Expanded LNG Terminal Contract in Texas Amid Increased Dividend Payout

ABB has been awarded an expanded contract for the Rio Grande LNG terminal in Texas, ensuring long-term utilization of its automation sector. The Swiss technology company also announced an increased dividend of 0.94 CHF per share. The contract with US contractor Bechtel covers integrated electrification and control systems for phases four and five of the Brownsville facility, which aims to handle up to 30 million tons of LNG annually. ABB's shares have increased by approximately 14.5% since the beginning of the year.

Published Mar 26, 2026

ABB has secured an expanded contract for the Rio Grande LNG terminal in Texas, which will support long-term utilization in its automation sector. The company is providing integrated electrification and control systems for phases four and five of the Brownsville facility, designed to handle up to 30 million tons of LNG per year.

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The orders for this expansion were recorded in the second half of 2025. Concurrently, ABB announced a dividend increase to 0.94 CHF per share. ABB shares have shown a year-to-date increase of approximately 14.5% and are currently trading slightly below their 50-day average.