Financial Data and Key Metrics Changes - Total company revenue for the quarter was $2,500,000,000 with an adjusted EBITDA of $509,000,000, reflecting a margin of 20.1% when excluding foreign exchange impacts [6][21] - Free cash flow generated was $261,000,000, with total shareholder distributions amounting to $271,000,000 through dividends and share buybacks [6][24] - The company increased its full-year guidance for total adjusted EBITDA by $40,000,000, now expecting approximately $1,800,000,000, a 30% increase compared to the previous year [26] Business Line Data and Key Metrics Changes - In the Subsea segment, revenue was DKK2.2 billion, a 14% increase from the previous quarter, driven by increased iEPCI project activity in the North Sea and higher installation activity in Brazil [22] - Surface Technologies reported revenue of €318,000,000, a 7% increase from the first quarter, primarily due to higher project and services activity in the Middle East [22][23] - Adjusted EBITDA for Subsea was €483,000,000, up 44% sequentially, while Surface Technologies saw an adjusted EBITDA of CHF52 million, a 12% increase [22][23] Market Data and Key Metrics Changes - Inbound orders for the quarter totaled €2,800,000,000, with Subsea orders accounting for €2,600,000,000, indicating a strong order book [21] - The total company backlog increased by 5% sequentially to €16,600,000,000 [21] - The company anticipates continued strength in offshore markets, particularly in Guyana and Mozambique, with a focus on both greenfield and brownfield opportunities [16][52] Company Strategy and Development Direction - The company is focused on transforming its Subsea and Surface Technologies segments through innovative commercial models and configurable product offerings [7][18] - A new iEPCI collaboration agreement with Var Energi was announced, aimed at optimizing subsea developments on the Norwegian continental shelf [11] - The company is committed to technology leadership, with ongoing developments in hybrid flexible pipe and all-electric technology to enhance project economics and operational efficiency [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating current market challenges, emphasizing the importance of strong customer relationships and technology innovation [18][19] - The outlook for offshore activity remains robust, with expectations for continued project sanctioning through the end of the decade [20] - The company is optimistic about achieving its three-year goal of $30,000,000,000 in subsea inbound by the end of the year, supported by a healthy project pipeline [20] Other Important Information - The company has reduced its North America footprint by 50% over the last three years while improving operating margins and increasing cash flow [8] - Corporate expenses for the period were €27,000,000, with net interest expense at €14,000,000 and tax expense at €106,000,000 [23] Q&A Session Summary Question: Can you break down the composition of the strong Subsea order book this quarter? - Management confirmed that the strong performance in Subsea Services is a result of successful market strategies and direct awards, indicating a positive trend for the business [30][31] Question: How do you see orders shaping up for 2026? - Management indicated that another $10,000,000,000 in orders for 2026 is a reasonable assumption based on current trends [37] Question: Can you discuss the strong services revenue and its growth trajectory? - Management confirmed that the services revenue is expected to grow in line with Subsea revenue, with a significant installed base contributing to long-term sustainability [41][43] Question: What is the outlook for brownfield and greenfield projects? - Management noted a strong commitment to advancing both brownfield and greenfield projects, with significant capital flowing into offshore markets [52] Question: How does the competitive landscape in the Middle East affect the company? - Management emphasized that the Middle East market is complex and high-end, with a focus on technology leadership and maintaining a strong market structure [70][72] Question: What are the prospects for the hybrid flexible pipe technology? - Management highlighted that hybrid flexible pipe technology could be applicable in various markets, potentially increasing the total market for flexible pipe [94][96]

Group 1: Earnings Performance - FMC Technologies reported quarterly earnings of $0.68 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, and up from $0.43 per share a year ago [1] - The earnings surprise for the quarter was +19.30%, while the previous quarter saw a surprise of -8.33% with actual earnings of $0.33 per share against an expectation of $0.36 [2] - Over the last four quarters, FMC Technologies has surpassed consensus EPS estimates three times [2] Group 2: Revenue Performance - The company posted revenues of $2.53 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.19%, compared to $2.33 billion in the same quarter last year [3] - FMC Technologies has also topped consensus revenue estimates three times over the last four quarters [3] Group 3: Stock Performance and Outlook - FMC Technologies shares have increased approximately 16.1% since the beginning of the year, outperforming the S&P 500's gain of 8.1% [4] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.61 for the coming quarter and $2.07 for the current fiscal year [5][8] - The Zacks Rank for FMC Technologies is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Group 4: Industry Context - The Oil and Gas - Field Services industry, to which FMC Technologies belongs, is currently ranked in the bottom 4% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact FMC Technologies' stock performance [6]

Financial Performance - Total Company revenue increased by 13% to $2.5 billion[11], driven by growth in both Subsea and Surface Technologies segments[11] - Total Company adjusted EBITDA was $509 million, excluding foreign exchange impacts[9, 11] - Free cash flow reached $261 million[9, 11] - Total shareholder distributions amounted to $271 million, including $250 million in share repurchases[11] - The company repaid 200 million euro of maturing debt, reducing gross debt to $696 million[11] Orders and Backlog - Total Company inbound orders were $2.8 billion, with Subsea orders at $2.6 billion, resulting in a book-to-bill ratio of 1.2x[8] - Subsea orders are expected to exceed $10 billion in 2025[8] - Total Company backlog increased sequentially to $16.6 billion, with Subsea backlog growing to $15.8 billion[8] Segment Results - Subsea revenue for Q2 2025 was $2.216 billion, a 14% increase QoQ and 10% increase YoY[10] - Subsea adjusted EBITDA was $483 million, with a margin of 21.8%[10] - Surface Technologies revenue for Q2 2025 was $318 million, a 7% increase QoQ and 1% increase YoY[10] - Surface Technologies adjusted EBITDA was $52 million, with a margin of 16.4%[10] Guidance - The company anticipates full-year 2025 revenue for Subsea to be in the range of $8.4 - $8.8 billion[19] and for Surface Technologies to be in the range of $1.2 - $1.35 billion[16] - The company expects full-year 2025 adjusted EBITDA margin for Subsea to be in the range of 19 - 20%[19] and for Surface Technologies to be in the range of 15 – 16%[16] - The company projects full-year 2025 free cash flow to be in the range of $1.0 - $1.15 billion[19]

Press Release TechnipFMC Announces Second-Quarter 2025 Results NEWCASTLE & HOUSTON, July 24, 2025 — TechnipFMC plc (NYSE: FTI) (the "Company" or "TechnipFMC") today reported second-quarter 2025 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. | | | Three Months Ended | | Change | | | --- | --- | --- | --- | --- | --- | | (In millions, except per share amounts) | Jun. 30, | Mar. 31, | Jun. 30, | | Yea ...

Core Viewpoint - Analysts expect FMC Technologies (FTI) to report quarterly earnings of $0.57 per share, reflecting a year-over-year increase of 32.6%, with revenues projected at $2.49 billion, up 6.9% from the previous year [1] Earnings Projections - The consensus EPS estimate has been revised downward by 0.4% in the last 30 days, indicating a reassessment by covering analysts [1][2] Revenue Estimates - Revenue from Surface Technologies is expected to reach $313.91 million, a decrease of 0.8% year-over-year [4] - Revenue from Subsea Technologies is projected at $2.17 billion, indicating an increase of 8% [4] - Revenue from Lease is estimated at $64.65 million, reflecting an increase of 8.3% [4] - Revenue from Product is expected to be $885.48 million, showing a growth of 2.9% [5] - Revenue from Service is projected at $1.53 billion, indicating a year-over-year increase of 9.1% [5] Order Backlog and Inbound Orders - Order Backlog for Subsea Technologies is expected to reach $15.25 billion, up from $12.93 billion year-over-year [6] - Total Order Backlog is projected at $16.10 billion, compared to $13.90 billion in the same quarter last year [6] - Order Backlog for Surface Technologies is estimated at $870.52 million, down from $972.90 million year-over-year [7] - Inbound Orders for Subsea Technologies are expected to be $2.49 billion, compared to $2.84 billion last year [5] - Inbound Orders for Surface Technologies are projected at $287.21 million, up from $254.20 million year-over-year [7] - Total Inbound Orders are estimated at $2.76 billion, down from $3.09 billion last year [7] Adjusted EBITDA - Adjusted EBITDA for Subsea is expected to reach $452.54 million, compared to $356.50 million in the previous year [8] Stock Performance - Shares of FMC Technologies have decreased by 5.7% over the past month, contrasting with a 5.9% increase in the Zacks S&P 500 composite [8]

Core Viewpoint - TechnipFMC plc (FTI) is expected to report second-quarter fiscal 2025 results on July 24, with earnings estimated at 57 cents per share and revenues of $2.49 billion, reflecting a year-over-year increase of 6.9% [1][8]. Group 1: Recent Performance - In the last reported quarter, FTI posted adjusted earnings of 33 cents per share, missing the Zacks Consensus Estimate of 36 cents, primarily due to a 4.8% year-over-year increase in costs and expenses [2]. - FTI's revenues for the last quarter were $2.2 billion, which also missed the Zacks Consensus Estimate by 1.1% [2]. - Over the trailing four quarters, FTI has beaten the Zacks Consensus Estimate three times, with an average surprise of 37.19% [2]. Group 2: Revenue and Cost Projections - The Zacks Consensus Estimate for second-quarter fiscal 2025 earnings has not changed in the past week, indicating a 32.56% year-over-year increase [3]. - The expected revenue for the second quarter is projected to be $2.49 billion, up from $2.33 billion in the year-ago quarter, driven by strong performance in the Subsea segment [4][8]. - The Subsea segment's revenues are anticipated to increase by 7.5% year-over-year, totaling $2.16 billion [5][8]. - Total costs and expenses for FTI are expected to rise by 4.3% year-over-year to $2.12 billion, influenced by inflation and a tight labor market [6][8]. Group 3: Earnings Prediction Model - The Zacks model does not predict an earnings beat for FTI this time, as the Earnings ESP is 0.00% [7][8]. - FTI currently holds a Zacks Rank of 3, indicating a neutral outlook [9].

Core Insights - TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Equinor for the Heidrun extension project in the Norwegian North Sea, valued between $75 million and $250 million [1][2][8] - The contract reflects TechnipFMC's growing influence in mature offshore oil and gas regions and is part of its inbound orders for Q2 2025 [2][8] Integrated Execution and Design - TechnipFMC conducted a Front-End Engineering and Design (iFEED) study in collaboration with Equinor, optimizing subsea layout and minimizing lifecycle costs [3][4] - The transition from iFEED to full iEPCI scope demonstrates TechnipFMC's capability to integrate conceptual design with execution, setting a benchmark for subsea project delivery [3][4] Project Impact and Infrastructure - The Heidrun platform, operational since 1995, is crucial for Norway's offshore oil production, and the extension project aims to enhance its production lifecycle and subsea infrastructure [5][6] - The project will design, procure, fabricate, and install subsea infrastructure that ties back to existing assets, aiming to reduce environmental impact and capital expenditure [5][6] Efficiency and Cost Management - TechnipFMC's iEPCI model simplifies project execution by eliminating interface risks and streamlining management under a single contract, leading to reduced lead times and capital costs [7][8] - The integrated approach ensures faster project turnaround and optimized resource allocation, particularly beneficial in high-cost environments like Norway's Continental Shelf [9][8] Strategic Collaboration - The ongoing partnership between TechnipFMC and Equinor is driven by shared values of innovation, efficiency, and environmental responsibility, enhancing operational outcomes through digital technologies [10][11] - The contract reflects Equinor's confidence in TechnipFMC's technical capabilities and project delivery performance, aligning on long-term field development strategies [11] Innovation in Subsea Engineering - TechnipFMC is advancing its technology portfolio to support complex offshore projects, including advanced ROV systems and real-time data analytics [12][13] - The deployment of cutting-edge technologies in the Heidrun extension will enhance field recovery, reduce emissions, and extend the asset's lifespan [13] Strategic Roadmap and Future Outlook - The Heidrun project award is a key addition to TechnipFMC's 2025 strategic roadmap, reinforcing financial resilience and accelerating growth in integrated subsea services [14] - As global energy demand shifts, TechnipFMC is positioned to support operators with low-carbon, cost-efficient subsea solutions, validating its role in energy transition strategies [15][14] Conclusion - The iEPCI contract awarded to TechnipFMC for the Heidrun extension project marks a significant moment in subsea field development, showcasing the effectiveness of early collaboration and integrated execution [16][17] - TechnipFMC continues to redefine subsea project delivery, reinforcing its technical credibility and commitment to sustainable energy solutions [17]

Company Overview - TechnipFMC plc is a leading manufacturer and supplier of products, services, and fully integrated technology solutions for the energy industry, formed from the merger of Technip and FMC Technologies in January 2017 [12] - The company focuses on designing, producing, and servicing technologically sophisticated systems and products for subsea, onshore/offshore, and surface projects, aiming to enhance the performance of its oil and gas clients [12] Investment Analysis - TechnipFMC has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a solid position in the market [13] - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 17.07, which may appeal to value investors [13] - For fiscal 2025, three analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing to $2.07 per share [13] - TechnipFMC has demonstrated an average earnings surprise of +37.2%, suggesting potential for positive performance [13] - With a solid Zacks Rank and top-tier Value and VGM Style Scores, TechnipFMC is recommended for investors' consideration [14]

Core Insights - TechnipFMC plc has established a five-year collaboration with Vår Energi to enhance offshore oil and gas production in Norway, focusing on three key discoveries near the Gjøa field [1][9] - The partnership aims to leverage TechnipFMC's integrated engineering, procurement, construction, and installation (iEPCI) model to streamline project execution and reduce risks [2][3][10] Partnership Overview - The collaboration targets the Gjøa Nord, Cerisa, and Ofelia fields, which collectively hold an estimated 110 million barrels of oil equivalent (boe), representing significant resource reserves in the Norwegian North Sea [4][9] - Each field has unique geological characteristics, with Gjøa Nord enhancing existing production and Cerisa and Ofelia introducing new reservoirs, contributing to operational resilience [5] Project Development Strategy - Vår Energi plans to make a final investment decision by 2026, transitioning from appraisal to full-scale development, guided by technical studies and economic evaluations [6] - The development plan will emphasize coordination among license partners to optimize procurement, engineering, drilling, and project management, aiming for economies of scale [7][8] Technological and Operational Synergies - The collaboration seeks to maximize synergies across all development phases, combining Vår Energi's operational expertise with TechnipFMC's engineering capabilities [8][10] - The initiative aims to enhance asset efficiency, minimize environmental impact, and advance sustainability through innovative project management methodologies [10] Strategic Importance of the North Sea - The Norwegian North Sea remains a crucial hydrocarbon province, with the development of these fields playing a vital role in securing Europe's energy future [13][14] - This partnership underscores the potential for technological advancement and strategic cooperation in mature basins, reinforcing Norway's leadership in offshore energy production [14][16]

Company Overview - FMC Technologies (FTI) currently holds a Momentum Style Score of B, indicating potential for strong performance based on recent trends [3][12] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4][12] Price Performance - Over the past week, FTI shares increased by 1.04%, while the Zacks Oil and Gas - Field Services industry rose by 1.24% [6] - In a longer timeframe, FTI shares have appreciated by 40.87% over the past quarter and 36.04% over the last year, outperforming the S&P 500, which gained 25.34% and 13.06% respectively [7] Trading Volume - The average 20-day trading volume for FTI is 4,084,771 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, 3 earnings estimates for FTI have been revised upwards, while 2 have been revised downwards, leading to an increase in the consensus estimate from $2.07 to $2.08 [10] - For the next fiscal year, there have been 2 upward revisions and 2 downward revisions in earnings estimates [10]