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

TechnipFMC (NYSE:FTI) posted its earnings results on Thursday. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the company earned $0.75 EPS. TechnipFMC’s 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 1.9%

Shares of TechnipFMC stock traded up $1.30 during trading hours on Friday, hitting $68.25. 2,238,943 shares of the company’s stock traded hands, compared to its average volume of 3,857,790. TechnipFMC has a twelve month low of $41.06 and a twelve month high of $80.70. The company has a market cap of $26.76 billion, a PE ratio of 23.62, a PEG ratio of 1.14 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $72.50 and a 200-day simple moving average of $68.90.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is currently 6.94%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Wall Street Zen cut TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 16th. Barclays lowered their target price on shares of TechnipFMC from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Finally, UBS Group initiated coverage on shares of TechnipFMC in a research note on Monday, October 12th. They set a “buy” rating and a $89.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $74.83.

Insider Activity

In other TechnipFMC news, Director Eric D. Mullins acquired 6,365 shares of the stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the purchase, the director directly owned 8,070 shares in the company, valued at $633,898.50. This trade represents a 373.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thierry Conti sold 6,000 shares of TechnipFMC stock in a transaction that occurred 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 sale, the insider owned 85,813 shares in the company, valued at $6,165,664.05. This represents a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.40% of the company’s stock.

TechnipFMC News Roundup

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Earnings and revenue beat estimates: TechnipFMC reported adjusted earnings of $1.05 per share, ahead of the $0.88 consensus estimate, while revenue rose 9.4% year over year to $2.90 billion, exceeding the $2.79 billion forecast. Earnings also improved from $0.75 per share in the prior-year quarter. TechnipFMC tops third-quarter earnings and revenue estimates
• Positive Sentiment: Strong operating performance: The quarter produced an 11.28% net margin and 36.54% return on equity, supporting the view that TechnipFMC is converting higher activity levels into improved profitability. TechnipFMC third-quarter and nine-month earnings results
• Positive Sentiment: Favorable industry outlook: Management’s earnings presentation and commentary pointed to a sustained, long deepwater cycle, which could support future project awards, backlog growth and revenue visibility for TechnipFMC’s subsea business. TechnipFMC beats third-quarter estimates and signals a long deepwater cycle
• Neutral Sentiment: Valuation remains a consideration: Analysts highlighted FTI as a growth-at-a-reasonable-price candidate, but the stock trades at approximately 23.6 times earnings. Its price remains below the 50-day moving average, suggesting investors may still be assessing whether the earnings strength justifies the valuation. Is TechnipFMC undervalued after third-quarter earnings?

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.