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.

TechnipFMC plc (FTI) Q1 2023 Earnings Conference Call Transcript.

TechnipFMC plc (FTI) Q1 2023 Earnings Conference Call Transcript

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

FMC Technologies (FTI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

FMC Technologies (FTI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.03 per share a year ago.

FMC Technologies (FTI) Reports Break-Even Earnings for Q1

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (the “Company” or “TechnipFMC”) today reported first 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) Mar. 31, 2023 Dec. 31, 2022 Mar. 31, 2022 Sequential Year-over-Year Revenue $1,717.4 $1,694.4 $1,555.8 1.4% 10.4% Income (loss) $0.4 $(26.7).

TechnipFMC Announces First Quarter 2023 Results

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TechnipFMC has a strong balance sheet, attractive earnings outlook, and potential for valuation re-rating upwards as earnings inflection triggers positive momentum. The updated guidance is very impressive and I believe management can achieve it.

TechnipFMC: Things Are Setting Up Well For Strong Years Ahead

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) will host its first quarter 2023 earnings conference call on Thursday, April 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/6fifa2xk.

TechnipFMC Announces First Quarter 2023 Earnings Release and Conference Call

TechnipFMC (FTI) expects subsea unit revenues of $5.9-$6.3 billion, surface unit revenues of $1.3-$1.45 billion, free cash flow of $225-$375 million, capex of $250 million & net interest expense of $100-$110 million for 2023.

TechnipFMC (FTI) Lags Q4 Earnings Estimates, Beats on Revenues

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a substantial(1) contract by Azule Energy to supply flexible pipe for the Agogo Integrated West Hub Development Project, offshore Angola. The contract is one of TechnipFMC's largest ever awards for flexible pipe in West Africa, and covers the engineering, procurement, and supply of jumpers, flowlines, risers, and all associated ancillary equipment.

TechnipFMC Awarded Substantial Flexible Pipe Contract for Agogo Integrated West Hub Development Project

TechnipFMC (FTI) wins the Angola contract for a subsea life extension project by TotalEnergies EP Angola and its Block 17 Partners in West Africa.

TechnipFMC (FTI) Secures Major Contract for Angola Project

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TechnipFMC plc (NYSE:FTI ) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Matt Seinsheimer – Senior Vice President-Investor Relations and Corporate Development Doug Pferdehirt – Chair and Chief Executive Officer Alf Melin – Executive Vice President and Chief Financial Officer Conference Call Participants David Anderson – Barclays Arun Jayaram – JPMorgan Scott Gruber – Citigroup Kurt Hallead – Benchmark Marc Bianchi – Cowen Operator Thank you for holding, and welcome everyone to the TechnipFMC Fourth Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

TechnipFMC plc (FTI) Q4 2022 Earnings Call Transcript

FMC Technologies (FTI) delivered earnings and revenue surprises of -266.67% and 3.50%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

FMC Technologies (FTI) Reports Q4 Loss, Tops Revenue Estimates

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) today reported fourth quarter 2022 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2022 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) Dec. 31, 2022 Sep. 30, 2022 Dec. 31, 2021 Sequential Year-over-Year Revenue $1,694.4 $1,733.0 $1,523.3 (2.2%) 11.2% Income (loss) $(26.7) $5.0 $(127.

TechnipFMC Announces Fourth Quarter 2022 Results

TechnipFMC (FTI) secures major subsea contracts with Equinor for Norwegian and North Sea projects, with the contracts valued between $75M and $250M.

TechnipFMC (FTI) Secures Two Major Contracts From Equinor

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract to supply flexible pipe and associated hardware for the first subsea life extension project by TotalEnergies EP Angola and its Block 17 Partners in West Africa. The contract covers the engineering, procurement, and supply of flowlines and connectors for the Girassol Life Extension project (GIRLIFEX), offshore Angola.

TechnipFMC Awarded Significant Contract by TotalEnergies EP Angola for Girassol Life Extension (GIRLIFEX) Project

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract for the subsea production system for Equinor's Verdande project on the Norwegian Continental Shelf. The contract – awarded under TechnipFMC's framework agreement with Equinor – covers the complete subsea production system including subsea trees and structures, control systems, connections, tooling, and installation support.

TechnipFMC Awarded Significant Subsea Project by Equinor for the Verdande Field

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract for subsea production systems by Equinor for its Irpa oil and gas development on the Norwegian Continental Shelf. Awarded under the companies' framework agreement, the contract covers the supply and installation support of subsea trees, control systems, structures, and connections, as well as tooling.

TechnipFMC Awarded Significant Subsea Contract for Equinor's Irpa Development

TechnipFMC's (FTI) iEPCI contract from Aker BP involves the engineering, procurement, construction, and installation of subsea production systems, controls, pipelines and umbilicals.

TechnipFMC (FTI) Wins Upto $1B iEPCI Contract From Aker BP

NEWCASTLE & HOUSTON--( BUSINESS WIRE )--TechnipFMC (NYSE: FTI) (the “Company”) today announced that Robert G. Gwin, former President of Anadarko Petroleum Corporation, has been appointed to its Board of Directors, effective February 1, 2023. The Company also announced that Peter Mellbye will retire from the Board and will not stand for re-election at the Company's next annual general meeting.

TechnipFMC Appoints Robert G. Gwin to its Board of Directors

NEWCASTLE & HOUSTON--( BUSINESS WIRE )--TechnipFMC (NYSE: FTI) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Aker BP (OSE: AKRBP) for its Utsira High development.

TechnipFMC Awarded Large Integrated EPCI (iEPCI™) Contract for AKER BP's Utsira High Development

NEWCASTLE & HOUSTON--( BUSINESS WIRE )--TechnipFMC (NYSE: FTI) has been awarded a substantial(1) master services agreement (MSA) for subsea services with Petrobras. The three-year contract has an option to extend for a further two years.

TechnipFMC Awarded Substantial Subsea Services Offshore Brazil Contract by Petrobras

Growing shale gas extraction is expected to boost the growth of oilfield services market. TechnipFMC's underwater solutions give it an edge over its peer companies in the subsea market.

Strong Position In The Subsea Market Gives TechnipFMC An Edge

NEWCASTLE & HOUSTON--( BUSINESS WIRE )--TechnipFMC (NYSE: FTI) will host its fourth quarter 2022 earnings conference call on Thursday, February 23, 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).

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