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.

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

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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.

TechnipFMC to Present at the Barclays CEO Energy-Power Conference

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TechnipFMC (FTI) secures a significant contract valued at $75-$250 million for installing flexible pipe and subsea structures in the Girassol Life Extension project, offshore Angola.

TechnipFMC (FTI) Clinches Contract for Girassol Life Project

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract to install flexible pipe and associated subsea structures for the Girassol Life Extension project (GIR LIFEX) by TotalEnergies EP Angola and its Block 17 Partners. The Company was previously awarded the engineering, procurement, and supply of subsea flowlines and connectors for GIR LIFEX last year. Jonathan Landes, President, Subsea at TechnipFMC, commented: “The seamless integration of engin.

TechnipFMC Awarded Significant Installation Contract by TotalEnergies for Girassol Life Extension Project

Citigroup

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Whether it is the forces of commodity cycles, the changing tides of a world economy, or even straight manipulation from the most prominent players who hear whispers from OPEC's next decision, the only certainty is that oil and gas prices are swinging hard. Crude oil has swung from below $60 per barrel in the last quarter to above $80 per barrel as of today's new quarter, and natural gas has followed a similar path.

Oil & Gas Are Moving In August, Here Are The 3 Industry Favorites

TechnipFMC (FTI) expects revenues in the range of $5.9-$6.3 billion and $1.3-$1.45 billion for Subsea and Surface Technologies, respectively, for 2023.

TechnipFMC (FTI) Q2 Earnings Disappoint, Revenues Beat

Fintel reports that on August 1, 2023, Kepler Cheuvreux downgraded their outlook for TechnipFMC (NYSE:FTI) from Buy to Hold.

Kepler Cheuvreux Downgrades TechnipFMC

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has received a significant(1) award by Azule Energy to supply flexible pipe for its Ndungu project, offshore Angola. The Ndungu project will tie into Block 15/06 West Hub, where TechnipFMC was recently awarded a substantial flexible pipe contract. Through this extension, the Company was able to provide an optimized solution that enables Azule to maintain schedule and achieve efficiencies. Jonathan Landes, President, Subsea at TechnipF.

TechnipFMC Receives Significant Award from Azule Energy in Angola

TechnipFMC plc (NYSE:FTI ) Q2 2023 Results Conference Call July 27, 2023 8:30 AM ET Company Participants Matt Seinsheimer - Senior Vice President, Investor Relations and Corporate Development Douglas Pferdehirt - Chairman and Chief Executive Officer Alf Melin - Executive Vice President and Chief Financial Officer Conference Call Participants David Anderson - Barclays Arun Jayaram - JPMorgan Chase & Co Luke Lemoine - Piper Sandler Kurt Hallead - The Benchmark Company Marc Bianchi - TD Cowen Operator Thank you for holding, and welcome everyone to the TechnipFMC Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

TechnipFMC plc (FTI) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for FMC Technologies (FTI) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, FMC Technologies (FTI) Q2 Earnings: A Look at Key Metrics

FMC Technologies (FTI) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.02 per share a year ago.

FMC Technologies (FTI) Lags Q2 Earnings Estimates

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (the “Company” or “TechnipFMC”) today reported second 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) Jun. 30, 2023 Mar. 31, 2023 Jun. 30, 2022 Sequential Year-over- Year Revenue $1,972.2 $1,717.4 $1,717.2 14.8% 14.8% Income (loss) $(87.2) $.

TechnipFMC Announces Second Quarter 2023 Results

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (“TechnipFMC” or the “Company”) announced that its Board of Directors (the “Board”) has authorized and declared a quarterly cash dividend of $0.05 per share. The Company intends to pay dividends on a quarterly basis, and this dividend represents $0.20 per share on an annualized basis. The Board has also authorized additional share repurchase of up to $400 million. Together with the existing program, the Company's total share repur.

TechnipFMC Announces Initiation of Quarterly Dividend and Additional $400 Million Share Repurchase Authorization

TechnipFMC (FTI) secures a significant iEPCI contract for OMV's Berling gas development project in Norway, offering comprehensive engineering, procurement, construction and installation services.

TechnipFMC (FTI) Clinches iEPCI Contract From OMV (Norge) AS

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) will host its second quarter 2023 earnings conference call on Thursday, July 27, 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/xjed9h79.

TechnipFMC Announces Second Quarter 2023 Earnings Release and Conference Call

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by OMV (Norge) AS for its Berling gas development project. It will be OMV's first iEPCI™ project in Norway as operator. TechnipFMC will design and install the subsea production systems, controls, pipelines, and umbilicals for the development on the Norwegian Continental Shelf. The award follows a six-month integrated.

TechnipFMC Awarded Significant iEPCI™ for OMV's Berling Gas Development

TechnipFMC (FTI) secures a significant subsea contract from Azule Energy in Angola, showcasing its expertise in subsea production systems.

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