TechnipFMC is a global leader in energy projects, technologies, systems, and services, specializing in solutions for the oil and gas industry. The company designs, manufactures, and delivers innovative products and systems that support offshore and onshore exploration and production of crude oil and natural gas. Its offerings include subsea production systems, surface wellheads, and advanced monitoring solutions, catering to major integrated oil companies, national oil companies, and independent producers worldwide.
- Subsea - Designs and manufactures subsea production and processing systems, provides installation and commissioning services, and offers integrated project execution (iEPCI™) and front-end engineering design (iFEED™) solutions for deepwater oil and gas production.
- Surface Technologies - Develops and delivers surface wellheads, tree systems, pressure control equipment, and real-time monitoring solutions like E-Mission™, supporting land-based and shallow water oil and gas production. Also includes new energy initiatives such as CO2 injection systems and hydrogen wellheads.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Douglas J. Pferdehirt ExecutiveBoard | Chair and Chief Executive Officer | None | CEO since 2017 merger; became Chair in 2019. Former COO of FMC Technologies and spent 26 years at Schlumberger. Expertise in energy, strategy, and ESG. | View Report → |
Alf Melin Executive | Executive Vice President and CFO | None | CFO since 2021. Previously SVP of Finance Operations and Surface Americas at TechnipFMC. Expertise in financial leadership and compliance. | |
Cristina Aalders Executive | EVP, Chief Legal Officer, and Secretary | None | Joined in 2019. Promoted to Chief Legal Officer in 2023. Former Chief Compliance Officer. Expertise in governance and compliance. | |
David Light Executive | SVP, Controller, and Chief Accounting Officer | None | Appointed CAO in 2023. Former VP of Internal Audit and Controls. CPA with expertise in financial reporting and compliance. | |
Jonathan Landes Executive | President, Subsea | None | President of Subsea since 2020. Former SVP of Subsea Commercial. Expertise in subsea operations and energy transition. | |
Justin Rounce Executive | EVP and Chief Technology Officer | None | CTO since 2018. Leads technology development and industrialization efforts. Former President at Schlumberger. | |
Luana Duffé Executive | EVP, New Energy Business | None | EVP of New Energy since 2021. Previously VP of Subsea Projects and Brazil Country Manager. Expertise in subsea strategy and energy transition. | |
Nisha Rai Executive | EVP, People and Culture | None | EVP since 2021. Former VP of Total Rewards. Expertise in HR and organizational leadership. | |
Thierry Conti Executive | President, Surface Technologies | None | President of Surface Technologies since 2022. Former SVP of Subsea Commercial & Strategy. Expertise in surface technologies and safety programs. | |
Claire S. Farley Board | Lead Independent Director | Board Member at LyondellBasell Industries and Crescent Energy | Director since 2017. Former Vice Chair of Energy at KKR. Expertise in oil and gas, strategy, and governance. | |
Eleazar de Carvalho Filho Board | Director | Director at Brookfield Renewable, Oi S.A., and Companhia Brasileira de Distribuição | Director since 2017. Founding partner of Virtus BR Partners. Expertise in finance and governance. | |
John O’Leary Board | Director | None | Director since 2017. CEO of Strand Energy. Expertise in oil and gas, strategy, and governance. | |
John Yearwood Board | Director | Director at Nabors Industries and Vast Renewables | Director since 2019. Former executive in oil and gas. Expertise in strategy, technology, and governance. | |
Kay G. Priestly Board | Director | Director at SSR Mining and Stericycle | Director since 2017. Former CEO of Turquoise Hill Resources. Expertise in finance, mining, and governance. | |
Margareth Øvrum Board | Director | Board Member at FMC Corporation, Harbour Energy, and Transocean | Director since 2020. Former EVP at Equinor. Expertise in technology, energy transition, and governance. | |
Robert G. Gwin Board | Director | Director at Crescent Energy | Director since 2023. Former President of Anadarko Petroleum. Expertise in energy, finance, and M&A. | |
Sophie Zurquiyah Board | Director | CEO of CGG S.A. | Director since 2021. CEO of CGG. Former executive at Schlumberger. Expertise in geoscience, technology, and sustainability. |
- Given the tightness in the vessel market, especially for SURF activities, how confident are you in executing your iEPCI projects without facing capacity constraints that could impact project timelines and growth targets?
- With a significant portion of your Subsea orders coming from Petrobras, how are you addressing the risk of over-reliance on a single client or geography, and what steps are you taking to diversify your customer base?
- Considering that 50% of your Subsea backlog is scheduled to ship beyond 2025, how representative is your 2025 margin outlook for margins in 2026 and beyond, and what factors could influence margin sustainability?
- Improvements in offshore rig efficiency, such as faster drilling in regions like Guyana, could potentially reduce project durations; how might this trend affect your well count, project execution, and revenue projections?
- With the substantial increase in your share repurchase authorization and plans to nearly double shareholder distributions, how are you ensuring that this capital return strategy is sustainable without compromising future growth investments or financial flexibility?
Research analysts who have asked questions during TechnipFMC earnings calls.
Arun Jayaram
JPMorgan Chase & Co.
4 questions for FTI
Marc Bianchi
TD Cowen
4 questions for FTI
Scott Gruber
Citigroup
4 questions for FTI
Saurabh Pant
Bank of America
3 questions for FTI
Victoria McCulloch
RBC Capital Markets
3 questions for FTI
Ati Modak
Goldman Sachs
2 questions for FTI
Mark Wilson
Jefferies
2 questions for FTI
David Anderson
Barclays PLC
1 question for FTI
J. David Anderson
Barclays
1 question for FTI
John Anderson
Barclays
1 question for FTI
Kurt Hallead
The Benchmark Company
1 question for FTI
Kurt Holland
The Benchmark Company
1 question for FTI
Sebastian Erskine
Bank of America Securities
1 question for FTI
Waqar Syed
ATB Capital Markets
1 question for FTI
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes in the supply of various components and services of subsea development and also in surface production equipment and pressure control products. | |
Dril-Quip, Inc. | Competes in the supply of various components and services of subsea development. |
McDermott International, Inc. | Competes in the supply of various components and services of subsea development. |
Competes in the supply of various components and services of subsea development. | |
Competes in the supply of various components and services of subsea development. | |
Competes in the supply of various components and services of subsea development and also in surface production equipment and pressure control products. | |
Subsea 7 S.A. | Competes in the supply of various components and services of subsea development. |
Competes in the supply of surface production equipment and pressure control products. | |
Competes in the supply of surface production equipment and pressure control products. | |
Gardner Denver, Inc. | Competes in the supply of surface production equipment and pressure control products. |
Competes in the supply of surface production equipment and pressure control products. | |
SPM Oil & Gas | Competes in the supply of surface production equipment and pressure control products. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Petrobras | Procurement of subsea production equipment and engineering, procurement, construction, and installation services | Subsea | Accounted for 16% of 2023 consolidated revenue. |
Recent press releases and 8-K filings for FTI.
- 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.
- 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.
- TechnipFMC (NYSE: FTI) has been awarded two flexible pipe contracts by Petrobras.
- The first contract is "substantial", valued between $250 million and $500 million, for flexible gas injection risers in the Santos Basin.
- The second contract is "significant", valued between $75 million and $250 million, for flexible risers and flowlines in the Campos Basin.
- Manufacturing for both contracts will be fulfilled exclusively at TechnipFMC’s flexibles manufacturing facility in Açu, Brazil.
- TechnipFMC (NYSE: FTI) has been awarded a significant iEPCI™ contract by Equinor for its Heidrun extension project in the Norwegian North Sea.
- For TechnipFMC, a "significant" contract is valued between $75 million and $250 million.
- This award was included in TechnipFMC's inbound orders in the second quarter of 2025.
- The project is intended to enhance the current infrastructure and extend the production lifecycle for the Heidrun platform.
- TechnipFMC is confident in achieving its $30 billion Subsea orders target over 2023-2025, which implies $9.8 billion for 2025, following a strong start in Q1 2025 with $2.8 billion in orders. The company expects H1 and H2 2025 order flow to be in a similar range.
- Subsea services revenue is projected to grow from $1.65 billion in 2024 to approximately $1.8 billion in 2025, with attractive margins. The company's 2025 guide implies overall EBITDA margins of about 19.5%.
- TechnipFMC sees significant growth opportunities in emerging basins such as Guyana, Suriname, the Eastern Mediterranean, and Namibia. The company is also developing new technologies, including a composite flexible pipe solution in qualification with Petrobras, and the HYSEP system for subsea CO2 separation, which is initially being used on the Mero three project.
- Q1 2025 Financial Performance: Revenue of $2.2–$2.23B, net income of $142M, diluted EPS of $0.33, and free cash flow of $380M .
- Operational Metrics: Adjusted EBITDA of $343.8–$356M at a 15.4% margin, noting a sequential decline due to offshore seasonality .
- Order & Growth Highlights: Total inbound orders of $3.1B (including $2.8B subsea) with a nearly $16B backlog, and subsea opportunities exceeding $26B over the next 24 months .
- Guidance & Capital Allocation: Upgraded free cash flow guidance to $1B–$1.15B and a $250M share buyback underscores a positive outlook .
- AGM Resolutions: At the April 25, 2025 Annual General Meeting, the company approved key proposals covering director elections, advisory executive compensation, and auditor appointments .
- Performance Award: One-time performance-based PSU award under the 2022 Incentive Award Plan tied to ROIC and VWAP targets, including detailed forfeiture and transfer restrictions .
- Risk Management: Minimal tariff impact (<$20M) with 95% of revenue generated outside the U.S. land market limits regional risk .
- The call focused on subsea market innovation and the company’s integrated execution model, with CEO Doug Pferdehirt emphasizing a $30 billion orders target over three years and over $10 billion in orders this year as key milestones.
- The discussion highlighted the benefits of the iEPCI and Subsea 2.0 approach, which enhances project economics by reducing cycle times and improving execution certainty, setting the company apart from traditional, nonintegrated models.
- CEO Pferdehirt detailed new all-electric technology that expands the tieback radius for brownfield opportunities, allowing previously stranded reservoirs to be connected to existing host facilities.
- The conference call also touched on competitive dynamics, including the impact of the Saipem Subsea 7 merger on the vessel ecosystem and the strategic move towards building an integrated, open-market ecosystem.
- Looking ahead, the CEO forecast a stronger 2026 performance with anticipated growth in orders, revenue, and margins driven by the robust backlog and high direct award percentage.