TechnipFMC

TechnipFMC plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea and Surface Technologies. The Subsea segment engages in designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. The Surface Technologies segment designs and manufactures products and systems, and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and natural gas. The company was founded in 1884 and is headquartered in Newcastle Upon Tyne, the United Kingdom.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

TechnipFMC reports robust growth and accelerates shareholder distributions

TechnipFMC's strong performance, strategic strengths, and growth opportunities position the company well for the future.
Challenges such as cash flow generation and seasonal fluctuations in business segments require careful monitoring and management.
Overall, TechnipFMC's focus on shareholder value, market confidence, and operational excellence underpin its positive outlook and growth trajectory.

TechnipFMC (FTI) reports solid Q1 performance, eyes transformative growth

TechnipFMC's Q1 2023 performance showcases strength in Subsea and transformative initiatives. Challenges include cash flow impact and external uncertainties. Opportunities lie in growth prospects, customer confidence, and operational enhancements.

TechnipFMC reports robust Q2 performance, eyes $25B inbound orders

TechnipFMC delivered a strong performance in Q2 2023, showcasing growth in Subsea operations, increased adoption of Subsea 2.0, and a focus on shareholder value through dividends and buybacks. While facing questions on various operational aspects, the company remains optimistic about its future growth prospects and financial targets.

TechnipFMC (FTI) reports robust Q3 performance and eyes growth opportunities

TechnipFMC (FTI) delivered a strong Q3 performance with robust subsea orders and improved financial metrics
Strategic focus on technology development, market positioning, and client success underpin the company's growth trajectory
Challenges in maintaining margins and addressing regional declines require strategic planning and operational efficiency
Opportunities lie in increased project awards, asset servicing, and upgraded inbound orders, driving future growth

TechnipFMC excels in Q4 with Subsea growth and margin expansion

TechnipFMC's Q4 performance showcases growth in Subsea orders and revenue, underpinned by technological advancements and strong client partnerships. Margins are expected to expand significantly, driven by innovative projects and market opportunities.

TechnipFMC excels in Q1, eyes growth in carbon capture and frontier basins

TechnipFMC is on track to meet 2024 targets, focusing on Subsea 2.0 efficiency and all-electric subsea systems. Strategic investments in early start-ups and project selectivity drive growth.

TechnipFMC reports record backlog and raised guidance for 2024

TechnipFMC's Q2 2024 performance was robust, driven by strong Subsea segment results and a record backlog. The company's financial strength, increased guidance, and focus on sustainable growth position it well for future success, despite facing challenges in margin drivers and future growth.

TechnipFMC reports strong Q3 earnings and eyes $30B in Subsea orders by 2025

TechnipFMC's robust performance, confidence in the Subsea market, and strategic initiatives position it for future growth and value creation.
While facing challenges in managing expenses and achieving EBITDA targets, the company's focus on innovation and market opportunities presents avenues for success.
Investors can look forward to increased shareholder returns, strong Subsea revenue outlook, and a commitment to sustainable value creation from TechnipFMC.

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TechnipFMC plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. The Surface Technologies segment designs and manufactures products and systems, and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and natural gas. The company was founded in 1884 and is headquartered in Houston, TX.

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FTI's Surface Technologies segment has received several multi-year awards in the Middle East. It has sold business stakes and partnered with various companies for the technological alliance.

New Project Pipeline And Alliances Will Drive TechnipFMC

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The newly-obtained three frame agreements put TechnipFMC's (FTI) total contractual volumes with Petrobras for the current year to nearly 600 kilometers.

TechnipFMC (FTI) Secures 3 Pipe Frame Agreements From Petrobras

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded three frame agreements by Petrobras (NYSE: PBR) that reaffirm the Company's leadership position in Brazil's flexible pipe market – the industry's largest and most established market. Altogether, the frame agreements form a large(1) contract for TechnipFMC. The contracts were awarded as part of Petrobras's drive to increase oil recovery in its brownfield developments, mainly in post-salt fields offshore Br

TechnipFMC Awarded Flexible Pipe Frame Agreements by Petrobras in Brazil

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI), through Gulf Automation Services and Oilfield Supplies LLC, has been awarded a major(1) 10-year framework agreement for wellheads, trees and associated services by the Abu Dhabi National Oil Company (ADNOC). Under the framework agreement, TechnipFMC will further grow in-country talent and expand existing manufacturing, assembly and test capabilities in Abu Dhabi in order to deliver the Company's complete portfolio of sur

TechnipFMC Awarded Multi-Year Surface Technologies Contract

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (PARIS: FTI) (the “Company”) announced today the results of its previously announced cash tender offer (the “Tender Offer”) in respect of its (i) 6.500% Senior Notes due February 1, 2026 (the “2026 Notes”); (ii) 5.75% Notes due June 30, 2025 (the “2025 Notes”); (iii) 3.15% Notes due October 16, 2023 (the “2023 Series A Notes”); and (iv) 3.15% Notes due October 18, 2023 (the “2023 Series B Notes” and, collectively with the 2023 Ser

TechnipFMC Announces Results and Upsizing of Note Tender Offer

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Why Is FMC Technologies (FTI) Down 11.8% Since Last Earnings Report?

TechnipFMC plc (FTI) expects subsea inbound orders to reach nearly $8 billion by 2025 - in line with or eclipsing the 2019 peak levels.

All You Need to Know About TechnipFMC's (FTI) Analyst Day

NEWCASTLE, England & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) and PETRONAS Technology Ventures Sdn Bhd (PTVSB), a subsidiary of PETRONAS, today entered into an agreement to commercialize a unique natural gas processing membrane which reduces greenhouse gas (GHG) emissions. Through the technology commercialization agreement, TechnipFMC will utilize and integrate the membrane technology licensed from PETRONAS as part of its production portfolio in projects worldwide, outside

TechnipFMC, Petronas to Commercialize Gas Processing Technology

NEWCASTLE, England & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) signed a Memorandum of Understanding with Orbital Marine Power (Orbital), a pioneer of tidal energy technology, to jointly collaborate in tidal energy to accelerate the global commercialization of Orbital's technology and deliver the first commercial scale floating tidal field. Orbital's unique floating turbine, the most powerful in the world to date, can harness underwater currents generated by tides, which can

TechnipFMC Announces Strategic Investment and Collaboration with Orbital Marine Power to Accelerate Tidal Energy

For delivering the overall subsea production system, TechnipFMC (FTI) decides to provide project management, engineering, manufacturing and testing capabilities.

TechnipFMC (FTI) Inks Large Subsea Contract for Yellowtail

NEWCASTLE, England & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) will host its 2021 Analyst Day today, Tuesday, November 16, 2021, in Houston. The meeting will feature presentations from the Company's leadership team discussing how TechnipFMC continues to drive change in the energy industry. The general presentation session will be held from 8:30 a.m. to noon Houston time and will be available via a live webcast. In conjunction with the general presentation session, the Compan

TechnipFMC to Host 2021 Analyst Day

Exxon Mobil

NEWCASTLE, England & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) contract by Exxon Mobil Corporation (NYSE: XOM) affiliate, Esso Exploration and Production Guyana Limited, to supply the subsea production system for the Yellowtail development. Subject to government approvals and final project sanction, TechnipFMC will provide project management, engineering, manufacturing and testing capabilities to deliver the overall subsea production system. The s

TechnipFMC Awarded Large Subsea Contract for Additional Stabroek Block Project

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NEWCASTLE & HOUSTON & MILAN--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) and Saipem (MILAN: SPM) today announced the two companies have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients. The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects where the combination of the companies' complementary world-class assets, technologies, products a

TechnipFMC and Saipem Announce SURF Commercial Agreement to Unlock New Opportunities

In the third quarter, TechnipFMC's (FTI) inbound orders fall 24.7% from the year-ago period's level to $1.4 billion, mirroring softness in revenue recognition.

TechnipFMC (FTI) Reports Loss in Q3, Misses on Revenues

TechnipFMC plc (FTI) CEO Doug Pferdehirt on Q3 2021 Results - Earnings Call Transcript

FMC Technologies (FTI) delivered earnings and revenue surprises of -400.00% and -5.55%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

FMC Technologies (FTI) Reports Q3 Loss, Lags Revenue Estimates

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (“TechnipFMC”) (NYSE: FTI) (Paris: FTI) (ISIN: GB00BDSFG982) announces the availability of its Earnings Call Presentation in connection with its teleconference on Thursday, 21 October 2021 to discuss the third quarter 2021 financial results. A copy of the Earnings Call Presentation can also be accessed on TechnipFMC's website (www.technipfmc.com). About TechnipFMC TechnipFMC is a leading technology provider to the tradit

TechnipFMC Third Quarter 2021 Earnings Call Presentation

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (Paris: FTI) today reported third quarter 2021 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.   Three Months Ended Change (In millions, except per share amounts) Sep. 30, 2021 Jun. 30, 2021 Sep. 30, 2020 Sequential Year-over-Year Revenue $1,579.4 $1,668.8 $1,727.5 (5.4%) (8.6%) Income (loss) ($40.6) ($174.7) ($64.7) n/m n

TechnipFMC Announces Third Quarter 2021 Results

Talos Energy Inc

TechnipFMC (FTI) is excited to work with Talos to offer offshore CCS solutions that will help decrease carbon footprints as the energy revolution unfolds.

TechnipFMC (FTI), Talos Energy Unite to Provide CCS Solutions

TechnipFMC (FTI) and Magma deliver years of collective understanding of developing and installing a composite and flexible pipe.

TechnipFMC (FTI) Closes Composite Pipe Maker Magma Global Buyout

The Coral do Atlantico is the third of TechnipFMC's (FTI) pipelay support vessels to be hired by Petrobras on a long-term charter in 2021, showing higher demand for flexibles in the Brazilian market.

TechnipFMC (FTI) Clinches Substantial Contract From Petrobras

HOUSTON and NEWCASTLE, England, Oct. 18, 2021 /PRNewswire/ -- Talos Energy Inc. (NYSE: TALO) and TechnipFMC (NYSE: FTI) (PARIS: FTI) announced today that they have entered into a long-term strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage ("CCS") projects along the United States Gulf Coast. The alliance combines Talos's offshore operational strength and sub-surface expertise with TechnipFMC's extended history in subsea engineering, system integration and automation and control.

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