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TechnipFMC (FTI), NEP Join Forces for CCS Infrastructure
Zacks Investment Research· 2024-03-18 12:55
TechnipFMC plc (FTI) has been awarded a key contract by the Northern Endurance Partnership (“NEP”). This partnership, including industry giants like BP plc (BP) , Equinor ASA (EQNR) , and TotalEnergies SE (TTE) , is dedicated to establishing carbon dioxide transportation and storage infrastructure within the United Kingdom’s East Coast Cluster. This transformative work represents a significant leap forward in the global pursuit of sustainable energy solutions. BP, EQNR and TTE carry a Zacks Rank #3 (Hold) e ...
TechnipFMC Selected by Northern Endurance Partnership to Deliver the First All-Electric iEPCI™ for Carbon Capture and Storage
Businesswire· 2024-03-15 12:00
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (the “Company”) has been selected to deliver the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies. The NEP is building carbon dioxide transportation and storage infrastructure for carbon capture projects in the United Kingdom’s East Coast Cluster. TechnipFMC will use its integrated Engineering, Procurement, Construction, and Installation (iEPCI™) execution mo ...
TechnipFMC(FTI) - 2023 Q4 - Annual Report
2024-02-26 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37983 TechnipFMC plc (Exact name of registrant as specified in its charter) United Kingdom 98-1283037 (State or other jurisdiction of incorporat ...
TechnipFMC (FTI) Q4 Earnings Beat, Revenues Rise Y/Y
Zacks Investment Research· 2024-02-26 15:25
TechnipFMC plc (FTI) reported fourth-quarter 2023 adjusted earnings of 14 cents per share, which beat the Zacks Consensus Estimate of 12 cents. The bottom line also improved from the year-ago quarter’s reported loss per share of 5 cents. The improvement can be attributed to better-than-expected performance in the Subsea and Surface Technologies segments.Revenues of $2.1 billion beat the Zacks Consensus Estimate by 9.9%. The top line also increased from the year-ago quarter’s reported figure of $1.7 billion. ...
TechnipFMC(FTI) - 2023 Q4 - Earnings Call Presentation
2024-02-22 15:33
Q4 2023 Earnings Call Presentation | 4 Sequential revenue growth in Subsea Services; asset maintenance and ROV services offset typical seasonality Surface Technologies sequential revenue growth driven by international and NAM markets, both benefiting from higher wellhead equipment sales Subsea inbound expectations increased to $30 billion over the three-year period ending 2025 Q4 2023 Financial results • Subsea declined due to seasonal impact on vessel-based project activity and mix of projects executed fro ...
TechnipFMC(FTI) - 2023 Q4 - Annual Results
2024-02-21 16:00
Press Release | | | Three Months Ended | | Change | | | --- | --- | --- | --- | --- | --- | | (In millions, except per share amounts) | Dec. 31, | Sep. 30, | Dec. 31, | | Year-over | | | 2023 | 2023 | 2022 | Sequential | Year | | Revenue | $2,077.7 | $2,056.9 | $1,694.4 | 1.0% | 22.6% | | Income (loss) | $53.0 | $90.0 | $(26.7) | (41.1%) | n/m | | Income (loss) margin | 2.6 % | 4.4 % | (1.6 %) | (180 bps) | n/m | | Diluted earnings (loss) per share | $0.12 | $0.20 | $(0.06) | (40.0%) | n/m | | Adjusted EBIT ...
TechnipFMC(FTI) - 2023 Q3 - Earnings Call Transcript
2023-10-26 15:55
TechnipFMC plc (NYSE:FTI) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Matt Seinsheimer - Senior Vice President, Investor Relations and Corporate Development Doug Pferdehirt - Chairman and Chief Executive Officer Alf Melin - Executive Vice President and Chief Financial Officer Conference Call Participants David Anderson - Barclays Capital Luke Lemoine - Piper Sandler Marc Bianchi - TD Cowen Mark Wilson - Jefferies Kurt Hallead - The Benchmark Company Arun Jayaram - J.P. ...
TechnipFMC(FTI) - 2023 Q3 - Earnings Call Presentation
2023-10-26 11:36
Added 2023 Full-year financial guidance1 As of February 23, 2023 Change in Scope Value Q3 2023 Cash flow and net debt Q3 2023 Earnings Call Presentation | 10 Diluted earnings per share from continuing operations attributable to TechnipFMC plc, as reported $ 0.20 Adjusted diluted earnings per share from continuing operations attributable to TechnipFMC plc $ 0.21 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES Free cash flow (deficit) from continuing operations, is a non-GAAP financial measure and is de ...
TechnipFMC(FTI) - 2023 Q3 - Quarterly Report
2023-10-25 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ . Commission File Number: 001-37983 TechnipFMC plc (Exact name of registrant as specified in its charter) United Kingdom 98-1283037 (State or other ju ...
TechnipFMC(FTI) - 2023 Q2 - Earnings Call Transcript
2023-07-27 16:11
TechnipFMC plc (NYSE:FTI) Q2 2023 Results Conference Call July 27, 2023 8:30 AM ET Company Participants Matt Seinsheimer - Senior Vice President, Investor Relations and Corporate Development Douglas Pferdehirt - Chairman and Chief Executive Officer Alf Melin - Executive Vice President and Chief Financial Officer Conference Call Participants David Anderson - Barclays Arun Jayaram - JPMorgan Chase & Co Luke Lemoine - Piper Sandler Kurt Hallead - The Benchmark Company Marc Bianchi - TD Cowen Operator Thank you ...