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TechnipFMC (FTI)

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Earnings summaries and quarterly performance for TechnipFMC.

Recent press releases and 8-K filings for FTI.

TechnipFMC Awarded Substantial Subsea Contract
FTI
New Projects/Investments
  • TechnipFMC has been awarded a substantial Engineering, Procurement, Construction, and Installation contract by Eni S.p.A. for the Coral North development, the second floating liquefied natural gas (FLNG) project offshore Mozambique.
  • For TechnipFMC, a "substantial" award is valued between $250 million and $500 million.
  • This contract was included in inbound orders in the second quarter of 2025.
  • The scope of work for TechnipFMC includes manufacturing and installing flexible flowlines and risers, and installing subsea manifolds and umbilicals.
6 days ago
TechnipFMC Awarded Significant Contract for Chevron's Gorgon Stage 3 Project
FTI
New Projects/Investments
Product Launch
  • TechnipFMC has been awarded a significant contract by Chevron for Subsea 2.0® production systems for the Gorgon Stage 3 brownfield project.
  • For TechnipFMC, a "significant" contract is valued between $75 million and $250 million.
  • The contract introduces the first 7-inch series of Subsea 2.0® horizontal subsea trees and includes flexible jumpers designed to increase production rates.
  • This award continues TechnipFMC's 20-year partnership with Chevron on the Gorgon development.
Dec 11, 2025, 9:15 PM
TechnipFMC Secures Subsea Contract for UK North Sea Captain Field
FTI
New Projects/Investments
  • TechnipFMC has secured a subsea contract with Ithaca Energy for the Captain field development in the U.K. North Sea.
  • The contract is valued between $75 million and $250 million and involves supplying flexible risers, flowlines, and associated subsea hardware.
  • This project reinforces TechnipFMC's strategic position in offshore oilfield services and subsea technology, particularly in mature-field redevelopment and production sustainment.
  • TechnipFMC is the largest provider of offshore oilfield services with a market capitalization of approximately $18.34 billion and 13.5% revenue growth.
Dec 8, 2025, 10:44 PM
TechnipFMC Awarded Significant Flexible Pipe Contract
FTI
New Projects/Investments
  • TechnipFMC has been awarded a significant flexible pipe contract by Ithaca Energy for the Captain development in the U.K. North Sea.
  • The contract is valued between $75 million and $250 million and includes the design, manufacture, and installation of flexible risers, flowlines, and associated hardware.
  • This award continues TechnipFMC's decade-long support for Ithaca Energy's subsea developments, including an enhanced oil recovery project in 2024.
Dec 8, 2025, 9:15 PM
TechnipFMC CEO Discusses Offshore Market, Strategic Integration, and Share Buyback at TD Cowen Conference
FTI
New Projects/Investments
Share Buyback
Guidance Update
  • TechnipFMC's iEPCI integrated model and Subsea 2.0 configurable architecture have significantly improved offshore project economics, leading to 80% of their business being direct awarded and a return of capital flow to offshore developments.
  • The company expects subsea orders to remain in the $10 billion range for 2025 and 2026, following a successful $30 billion three-year target (2021-2023) that included $9.7 billion and $10.3 billion in recent years.
  • TechnipFMC is approximately one-third of the way through its cycle time reduction journey, with over 50% of 2024 inbound orders being iEPCI or Subsea 2.0, which is projected to increase the proportion of manufacturing capacity executing Subsea 2.0 work from one-third to 50%.
  • The company has reauthorized a $2 billion share buyback program, considering it the optimal method to return cash to shareholders due to the company's perceived undervaluation.
Nov 18, 2025, 4:00 PM
TechnipFMC Executives Discuss Offshore Market, Strategy, and Shareholder Returns at TD Cowen Conference
FTI
New Projects/Investments
Guidance Update
Share Buyback
  • TechnipFMC (FTI) emphasizes its unique Subsea 2.0 configurable architecture and iEPCI integrated model, which contribute to 80% of its business being direct awarded by customers due to improved project certainty and reduced cycle times.
  • The company anticipates continued growth in the offshore market, driven by new discoveries in regions such as Guyana, Suriname, Namibia, and Mozambique, and expects to maintain subsea orders in the $10 billion range for 2025 and 2026.
  • FTI projects growing margins and revenue through 2026, attributing this to the increasing flow of higher-value iEPCI and Subsea 2.0 projects through its execution pipeline.
  • TechnipFMC recently reauthorized a $2 billion share buyback program, considering it the most effective way to return cash to shareholders given the company's current valuation.
Nov 18, 2025, 4:00 PM
TechnipFMC discusses offshore market growth, strategic differentiation, and capital allocation
FTI
New Projects/Investments
Share Buyback
Guidance Update
  • TechnipFMC (FTI) highlights its unique iEPCI and Subsea 2.0 architecture, which has led to 80% of its business being direct awarded and improved client project returns by significantly reducing project cycle time.
  • The company anticipates continued growth in the offshore market, projecting subsea orders to remain in the $10 billion range for 2025 and 2026.
  • FTI identifies significant growth opportunities in frontier markets such as Guyana, Suriname, Namibia, Mozambique, and the Eastern Mediterranean.
  • TechnipFMC has a $2 billion share buyback program, indicating confidence in the company's valuation and serving as the preferred method for returning cash to shareholders.
  • The company has provided 2026 guidance for increased revenue and margin, attributing this to a higher quality backlog from iEPCI and Subsea 2.0 projects.
Nov 18, 2025, 4:00 PM
TechnipFMC Chairman and CEO Discusses Strategy, Market Outlook, and Capital Allocation
FTI
New Projects/Investments
Guidance Update
Share Buyback
  • TechnipFMC's unique integrated (iEPCI) and configurable Subsea 2.0 architecture is driving significant value for customers by reducing project cycle times, leading to 80% of its business being direct awarded.
  • The company anticipates maintaining $10 billion in annual Subsea orders for 2025 and 2026, with a growing market driven by new frontier opportunities in regions like Guyana, Suriname, and the U.S. Gulf.
  • TechnipFMC believes it is only about a third of the way through its journey of cycle time reduction, suggesting significant future margin upside, especially as its higher-quality backlog (50% iEPCI/Subsea 2.0 inbound in 2024) flows through manufacturing (currently only a third of capacity is Subsea 2.0).
  • The company recently reauthorized a $2 billion share buyback program, indicating confidence in its valuation and a preference for buybacks over dividends as a means of returning capital to shareholders.
Nov 18, 2025, 4:00 PM
TechnipFMC Secures Subsea Systems Contract from Petrobras
FTI
New Projects/Investments
  • TechnipFMC has been awarded an offshore service contract by Petrobras for subsea production systems in Brazil's offshore oil and gas basins.
  • The contract is valued between $75 million and $250 million.
  • The scope of work includes the design, engineering, manufacturing, installation support, and life-of-field services for subsea production systems across Petrobras' greenfield developments, brownfield expansions, and asset revitalizations.
  • All systems will be manufactured and serviced locally in Brazil.
Sep 23, 2025, 9:50 PM
TechnipFMC Discusses Strong Order Growth and Offshore Market Resurgence
FTI
New Projects/Investments
Revenue Acceleration/Inflection
  • TechnipFMC expects to book $30 billion in orders over the last three years (including 2025) and anticipates another $10 billion in 2026, indicating significant backlog growth and future revenue visibility.
  • The company is experiencing a sustainable resurgence in the offshore market, driven by an expanding customer base and geographical reach.
  • Its proprietary Subsea 2.0 offering, which accounts for over 50% of current orders, is a key driver for future earnings and EBITDA margin growth due to its two times higher manufacturing efficiency compared to Subsea 1.0.
  • TechnipFMC's international Surface Technologies business, particularly in the Middle East, is expected to see growth in 2026.
Sep 2, 2025, 6:24 PM