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.

On Wednesday, February 24, TechnipFMC (NYSE:FTI) will release its latest earnings report. Benzinga's outlook for TechnipFMC is included in the following report.

Preview: TechnipFMC's Earnings

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) is pleased to announce that its subsidiary, FMC Wellhead Equipment Sdn. Bhd. (TechnipFMC) has been awarded a substantial(1) contract by PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali), a subsidiary of PETRONAS for the provision of front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning of subsea production system, umbilicals, risers and f

TechnipFMC's subsidiary, FMC Wellhead Equipment Sdn. Bhd. Awarded a Contract by PETRONAS Carigali for Limbayong Deepwater Development Project in Offshore Malaysia

TechnipFMC (FTI) has been awarded a significant iEPCI contract by AbuQir Petroleum for the development of four subsea wells as well as subsea tie-back on the NEA/NI concession in Egypt.

TechnipFMC (FTI) Wins Subsea Tie-back Contract in Offshore Egypt

The shares of TechnipFMC have gained 57% from the lows observed last year, supported by stable revenues and positive operating cash during the first nine months of FY2020. The company provides technology and services for the development of deepwater, conventional, and unconventional energy.

TechnipFMC Stock Has Room For More Growth

TechnipFMC (FTI) completes spin-off transaction to create two independent publicly traded companies, and separate its engineering and construction activities from its upstream oil service business.

TechnipFMC (FTI) Splits Into Two Discrete Publicly-Traded Entities

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982) has been awarded a significant(1) integrated Engineering Procurement Construction and Installation (iEPCI™) contract by NIpetco and PetroAmriya, two Joint Ventures between Energean and Egyptian Natural Gas Holding Company (EGAS) and Egyptian General Petroleum Corporation (EGPC) for a subsea tieback located offshore Egypt on the North El Amriya and North Idku concession. TechnipFMC w

TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for the Development of North El Amriya and North Idku (NEA/NI)

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) TechnipFMC today announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of its direct listing on the Euronext Paris Exchange where it will trade under the symbol “TE”.1 Doug P

TechnipFMC Completes Separation of Two Industry-Leading, Independent, Publicly Traded Companies

TechnipFMC's (FTI) joint venture receives a $28.7B EPCC contract from Qatar Petroleum to manufacture 4 mega LNG trains, with a capacity of 8 million tonnes per annum of LNG.

TechnipFMC (FTI) JV Clinches Massive LNG Contract in Qatar

Monolithic Power Systems

S&P MidCap 400 component Monolithic Power Systems Inc. (NASD: MPWR) will replace TechnipFMC plc (NYSE: FTI) in the S&P 500. S&P SmallCap 600 constituent Iridium Communications Inc. (NASD: IRDM) will replace Monolithic Power Systems in the S&P MidCap 400, and Collegium Pharmaceutical Inc. (NASD: COLL) will replace Iridium Communications in the S&P SmallCap 600 effective February 12.

S&P 500 To Remove TechnipFMC Post Spin-Off, Add Monolithic Power Systems

LONDON, & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) has approved the prospectus relating to the admission to listing and trading of the shares of Technip Energies N.V. (“Technip Energies”) on the regulated market of Euronext Paris (the “European Prospectus”) in connection with its announced separation into two industry-le

TechnipFMC Announces Approval of the European Prospectus Relating to the Listing of Technip Energies Shares on Euronext Paris

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) is pleased to announce that CTJV, a joint venture between Chiyoda Corporation (“Chiyoda”) and Technip Energies, has been awarded a major(1) Engineering, Procurement, Construction and Commissioning (“EPCC”) contract by Qatar Petroleum for the onshore facilities of the North Field East Project (“NFE”). This award will cover the delivery of 4 mega trains, each with a capacity of 8 million tons per annu

Technip Energies and Chiyoda Awarded a Major LNG Contract for the North Field East Project in Qatar

NEW YORK, Feb. 8, 2021 /PRNewswire/ -- S&P MidCap 400 constituent Monolithic Power Systems Inc. (NASD: MPWR) will replace TechnipFMC plc (NYSE: FTI) in the S&P 500, S&P SmallCap 600 constituent Iridium Communications Inc. (NASD: IRDM) will replace Monolithic Power Systems in the S&P...

Monolithic Power Systems Set to Join S&P 500; Iridium Communications to Join S&P MidCap 400; Collegium Pharmaceutical to Join S&P SmallCap 600

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) will issue its fourth quarter 2020 earnings release after the close of the New York Stock Exchange on Wednesday, February 24, 2021. The Company will also host its fourth quarter 2020 earnings release teleconference on Thursday, February 25, 2021, at 1 p.m. London time (8 a.m. New York time). To participate in the conference call, you may call any of the following telephone numbers a

TechnipFMC Announces Fourth Quarter 2020 Earnings Release and Teleconference Schedule

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) today announced the timing and details regarding its previously announced separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player (“Technip Energies”). The transaction is structured as a spin-off of a majority stake in Technip

TechnipFMC Announces Record and Distribution Dates for Separation into Two Industry-leading, Independent, Publicly Traded Companies

SEATTLE, Feb. 1, 2021 /PRNewswire/ -- UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS JOSEPH PRAUSE, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. TECHNIPFMC PLC, TORE HALVORSEN, and DIANNE B. RALSTON, Defendants. Case No. 4:17-cv-02368 SUMMARY NOTICE...

Notice of Pendency of Class Action and Proposed Settlement to All Purchasers and Acquirers of TechnipFMC Common Stock

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982): ADVERTISEMENT. This announcement is an advertisement relating to the intention of the Company (as defined below) to proceed with the listing and admission of shares in Technip Energies (the "Shares") on Euronext Paris (the "Listing"). This announcement does not constitute a prospectus. If and when the Listing is launched, further details about the Listing will be included in a pros

Technip Energies Capital Markets Day – The Creation of a Leading Engineering & Technology Company for the Energy Transition

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982), in anticipation of the previously announced planned separation (the “Spin-off”) into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider, and Technip Energies, a leading engineering and technology player, announced today that TechnipFMC priced its previously announced offering of $1,000,000,000 aggregat

TechnipFMC Announces Pricing of $1,000,000,000 Senior Notes

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) (the “Company” or “TechnipFMC”) today announced that it will host a Capital Markets Day dedicated to Technip Energies B.V. (“Technip Energies”) in connection with the Company's previously announced plan to separate into two industry-leading independent, publicly traded companies: TechnipFMC and Technip Energies. The transaction is expected to be structured as a spin-off of a maj

TechnipFMC to Host Capital Markets Day Dedicated to Technip Energies on January 28, 2021

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (“TechnipFMC”) (NYSE: FTI) (Paris: FTI) (ISIN: GB00BDSFG982) announces that on 19 January 2021, it filed a Current Report on Form 8-K (the “Form 8-K”) under the U.S. Securities Exchange Act of 1934, as amended, with the U.S. Securities and Exchange Commission (the “SEC”) disclosing that certain information contained in the confidential preliminary offering memorandum dated January 19, 2021 (the “Offering Memorandum”) to

TechnipFMC plc announces filing of Current Report on Form 8-K disclosing certain information contained in the confidential preliminary offering memorandum dated January 19, 2021

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) , in anticipation of the previously announced planned separation (the “Spin-off”) into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider, and Technip Energies, a leading engineering and technology player, announced today that TechnipFMC intends to offer $850,000,000 aggregate principal amount of senior

TechnipFMC Announces Offering of $850,000,000 Senior Notes

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) announced today that Alf Melin has been named Executive Vice President and Chief Financial Officer, effective January 25, 2021. Mr. Melin has been with the Company since 1995 and has held multiple leadership positions in finance, treasury and operations. He currently serves as Senior Vice President, Finance Operations, where he is responsible for the Company's global finance activit

TechnipFMC Announces Executive Leadership Change

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (the “Company”) (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) today announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC's and Technip Energies' focus on their respective

TechnipFMC Announces Resumption of Activities Toward Separation into Two Industry-Leading, Independent, Publicly Traded Companies

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The energy sector was the leading S&P performer yesterday with the notable movers being Diamondback Energy (FANG), Marathon Oil (MRO), Occidental Petroleum (OXY), TechnipFMC (FTI) and Devon Energy (DVN).

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