TechnipFMC (NYSE:FTI) Posts Earnings Results

TechnipFMC (NYSE:FTI) issued its quarterly earnings results on Thursday. The oil and gas company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17, FiscalAI reports. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis.

Here are the key takeaways from TechnipFMC’s conference call:

• Third-quarter execution was strong, with $2.9 billion in revenue, $636 million in adjusted EBITDA, a 22% margin excluding foreign exchange, and $470 million in free cash flow. Subsea adjusted EBITDA margin reached a record 23.5%.
• TechnipFMC raised its full-year outlook, including Subsea revenue to $9.6–$9.8 billion, free cash flow to $1.45–$1.55 billion, and adjusted EBITDA to approximately $2.22 billion; it also lowered its effective tax-rate range to 25%–27%.
• Management expects at least $14.5 billion in Subsea orders over the next five quarters and projects 2027 Subsea revenue of $10.0–$10.4 billion with a 22.5%–24% adjusted EBITDA margin. Executives said the market recovery is structural and could extend beyond the end of the decade.
• The company highlighted expanding strategic relationships with PETRONAS and bp, continued adoption of Subsea 2.0 and iEPCI, and a growing opportunity list that reached $32 billion. New inbound work is reportedly margin-accretive, while iEPCI 2.0 could provide additional upside beyond the current outlook.
• Fourth-quarter Subsea revenue is expected to decline by mid- to high-single digits sequentially, with adjusted EBITDA margin falling to about 21% due mainly to normal seasonal activity reductions and vessel maintenance. Management also noted that two or three large awards could slip from 2026 into 2027, creating timing risk around the approximately $10 billion 2026 order target.

TechnipFMC Stock Up 2.6%

Shares of FTI traded up $1.75 during trading hours on Friday, hitting $68.70. The stock had a trading volume of 4,015,156 shares, compared to its average volume of 3,866,830. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $72.50 and a 200-day simple moving average of $68.90. The firm has a market capitalization of $26.94 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83. TechnipFMC has a 1-year low of $41.06 and a 1-year high of $80.70.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Tuesday, November 17th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, November 17th. TechnipFMC’s payout ratio is 6.94%.

Insider Buying and Selling

In related news, insider Thierry Conti sold 6,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $71.85, for a total value of $431,100.00. Following the transaction, the insider directly owned 85,813 shares in the company, valued at $6,165,664.05. This trade represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric D. Mullins purchased 6,365 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $78.55 per share, with a total value of $499,970.75. Following the purchase, the director directly owned 8,070 shares in the company, valued at $633,898.50. This represents a 373.31% increase in their position. The SEC filing for this purchase provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FTI has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, October 16th. Zacks Research upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Susquehanna cut their price target on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research report on Wednesday, July 8th. UBS Group began coverage on TechnipFMC in a report on Monday, October 12th. They set a “buy” rating and a $89.00 price target for the company. Finally, Wall Street Zen downgraded TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $74.83.

TechnipFMC News Summary

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Material earnings and revenue beats: TechnipFMC reported adjusted earnings of $1.05 per share, well above the $0.88 consensus estimate and up from $0.75 a year earlier. Revenue reached $2.90 billion, exceeding the $2.79 billion forecast and increasing 9.4% year over year. TechnipFMC third-quarter earnings results
• Positive Sentiment: Strong operating performance: The quarter featured an 11.28% net margin and 36.54% return on equity. Management commentary and the earnings presentation highlighted continued momentum in the business and expectations for a sustained, long deepwater cycle—an important demand driver for TechnipFMC’s subsea services and equipment. TechnipFMC deepwater cycle outlook
• Positive Sentiment: Improved growth narrative: The earnings call and presentation suggest that offshore energy investment is supporting TechnipFMC’s order and revenue outlook. Investors appear encouraged that quarterly growth is being supported by durable project activity rather than only short-term cost controls. TechnipFMC Q3 earnings call transcript
• Neutral Sentiment: Valuation remains a consideration: Articles describe FTI as potentially undervalued under a growth-at-a-reasonable-price strategy. However, the stock trades at roughly 23.9 times earnings after a substantial one-year advance, so further gains may depend on continued earnings growth and execution. TechnipFMC valuation analysis

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.