TechnipFMC (NYSE:FTI) Posts Earnings Results, Beats Expectations By $0.17 EPS

TechnipFMC (NYSE:FTI) posted its quarterly earnings data on Thursday. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17, FiscalAI reports. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year.

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%

NYSE:FTI traded up $1.75 on Friday, hitting $68.70. 4,015,092 shares of the company’s stock traded hands, compared to its average volume of 3,866,830. TechnipFMC has a 1 year low of $41.06 and a 1 year high of $80.70. The firm has a 50-day moving average price of $72.50 and a 200-day moving average price of $68.90. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The company has a market cap of $26.94 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors 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 dividend payout ratio is currently 6.94%.

Insider Transactions at TechnipFMC

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FTI. Susquehanna reduced their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research report on Wednesday, July 8th. Barclays lowered their price target on shares of TechnipFMC from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Zacks Research raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. UBS Group started 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, Weiss Ratings raised TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 16th. Three 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 stock. According to MarketBeat, TechnipFMC has a consensus rating of “Buy” and a consensus target price of $74.83.

Key Stories Impacting TechnipFMC

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

TechnipFMC Company Profile

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.