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

Earnings data Q3 2021

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.

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract by bp (LON: BP) for its Argos Southwest Extension project in the Mad Dog field. TechnipFMC will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico. Jonathan Landes, President, Subsea at TechnipFMC, commented: “We have a long-standing relationship with bp, underpinned by close collaboration. This partnership, combined with our robust installat.

TechnipFMC Awarded Significant Subsea Contract by bp in the Gulf of Mexico

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) will host its fourth quarter 2023 earnings conference call on Thursday, February 22, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/itk4i.

TechnipFMC Announces Fourth Quarter 2023 Earnings Release and Conference Call

The consensus price target hints at a 27.3% upside potential for FMC Technologies (FTI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in FMC Technologies (FTI)? Wall Street Analysts Think 27.3%

TechnipFMC (FTI) secures transformative iEPCI contract from Petrobras for Mero 3 HISEP project, revolutionizing subsea processing, reducing emissions and enhancing production capacity.

TechnipFMC (FTI) Signs iEPCI Contract for Mero 3 HISEP Project

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Petrobras to deliver the Mero 3 HISEP® project, which uses subsea processing to capture carbon dioxide-rich dense gases and then inject them into the reservoir. TechnipFMC, in partnership with Petrobras, has advanced the qualification of some of the core technologies needed to deliver the HISEP® (High Pressure Separatio.

TechnipFMC Awarded Major iEPCI™ Contract by Petrobras for Mero 3 HISEP® Project

TechnipFMC (FTI) announces the sale of the Measurement Solutions business for $205M, aiming to increase focus on core products.

TechnipFMC (FTI) to Sell Measurement Solutions for $205M Cash

NEW YORK--(BUSINESS WIRE)-- #acquisition--One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has signed an agreement to acquire TechnipFMC's Measurement Solutions business (“the Business”), a leading provider of liquid meters, integrated load management metering systems and related digital solutions involved in materials transfer through infrastructure, from TechnipFMC (NYSE: FTI). The Business offers a broad range of metering products including positive displacement, tu.

One Equity Partners Agrees to Acquire TechnipFMC's Measurement Solutions Business

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (the “Company” or “TechnipFMC”) today announced an agreement to sell the Company's Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary adjustments at the closing of the transaction. As part of the Surface Technologies segment, the Measurement Solutions business encompasses terminal management solutions and metering products and systems, and includes engineering and manufacturing loc.

TechnipFMC Announces Agreement to Sell Measurement Solutions Business

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will address attendees on Tuesday, November 14, at 10:30 a.m. CST at the following event: BofA Securities Global Energy Conference 2023 November 13 – 15, 2023 Location: The St. Regis Houston, 1919 Briar Oaks Ln, Houston, TX 77027 The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. An audio replay of t.

TechnipFMC to Address Attendees at the BofA Securities Global Energy Conference 2023

TechnipFMC (FTI) expects free cash flow in the band of $225-$375 million. It also projects capital expenditure of $250 million for 2023.

TechnipFMC (FTI) Q3 Earnings and Sales Beat Estimates

TechnipFMC plc (NYSE:FTI ) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Matt Seinsheimer - Senior Vice President, Investor Relations and Corporate Development Doug Pferdehirt - Chairman and Chief Executive Officer Alf Melin - Executive Vice President and Chief Financial Officer Conference Call Participants David Anderson - Barclays Capital Luke Lemoine - Piper Sandler Marc Bianchi - TD Cowen Mark Wilson - Jefferies Kurt Hallead - The Benchmark Company Arun Jayaram - J.P. Morgan Scott Gruber - Citigroup Saurabh Pant - Bank of America Waqar Syed - ATB Capital Markets Operator Thank you for holding, and welcome everyone to the TechnipFMC Third Quarter 2023 Earnings Conference Call.

TechnipFMC plc (FTI) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for FMC Technologies (FTI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

FMC Technologies (FTI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

FMC Technologies (FTI) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.03 per share a year ago.

FMC Technologies (FTI) Q3 Earnings and Revenues Top Estimates

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (the “Company” or “TechnipFMC”) today reported third quarter 2023 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, 2023 Jun. 30, 2023 Sep. 30, 2022 Sequential Year-over-Year Revenue $2,056.9 $1,972.2 $1,733.0 4.3% 18.7% Income (loss) $90.0 $(87.2.

TechnipFMC Announces Third Quarter 2023 Results

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded(1) a contract to manufacture flexible pipe by Woodside Energy (LON: WDS). The Company will supply infield flowlines and jumpers for the Trion project in deepwater Mexico. Jonathan Landes, President, Subsea at TechnipFMC, commented: “We worked with Woodside to formulate the best technical solution for this milestone project. This contract is our largest flexible pipe award in the Gulf of Mexico to date, and builds upon.

TechnipFMC Awarded Flexible Pipe Contract for Woodside Energy's Trion Project

FMC Technologies (FTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

FMC Technologies (FTI) Earnings Expected to Grow: Should You Buy?

TechnipFMC has experienced a steep rally in its stock price thanks to accelerated business momentum and promising growth prospects. The company is well protected from potential threats related to shale oil production in the US, as it generates most of its revenue outside of the North American land market. TechnipFMC has secured important contracts and is expected to benefit from the expected growth in global oil and gas production over the next decade.

Despite Its Steep Rally, TechnipFMC Is Reasonably Valued

Baker Hughes Co

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3 Stocks For the Resurgent Energy Rally

TechnipFMC (FTI) secures a major contract with Petrobras, supplying flexible pipes for Brazil's pre-salt fields, reaffirming expertise in oil and gas solutions.

TechnipFMC (FTI) Wins Petrobras' Flexible Pipe Contract

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract to supply flexible pipes to Petrobras for the pre-salt fields offshore Brazil. The Company will design, engineer, and manufacture 14 kilometers of gas injection riser pipes. TechnipFMC will also supply associated services including packing and storage. Jonathan Landes, President, Subsea at TechnipFMC commented: “We have an established team in place who have earned the trust of Petrobras over.

TechnipFMC Awarded Flexible Pipe Contract by Petrobras

TechnipFMC (FTI) wins contract between $500 million and $1 billion from Equinor to deliver the U.K. Rosebank project's subsea production system, creating significant local value and jobs.

TechnipFMC (FTI) Wins Large Contract for Rosebank Project

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for its Rosebank project, west of the Shetland Isles in the United Kingdom. The contract covers the manufacture and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility. The project will use pre-qualified equipment, which will accelerate t.

TechnipFMC Awarded Large iEPCI™ Contract for Equinor's Rosebank Development

Equinor

The U.K. on Wednesday granted approval to what is called the country's largest untapped oil field, a move that sent shares of one of its producers surging and triggered criticism by environmental campaigners.

U.K. approves development of largest untapped oil field

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) will host its third quarter 2023 earnings conference call on Thursday, October 26, 2023, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/p8n2ozr.

TechnipFMC Announces Third Quarter 2023 Earnings Release and Conference Call

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will address attendees on Tuesday, September 5, at 12:40 p.m. EDT at the following event: Barclays CEO Energy-Power Conference September 5 – 7, 2023 Location: Sheraton New York Times Square, 811 Seventh Avenue, New York, NY 10019 The live webcast and accompanying presentation slides will be available at the time of the event and can be accessed at the Investor Re.

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