TechnipFMC plc Q4 2025 Earnings Call Summary

Performance was driven by the widespread adoption of the company's differentiated offerings, with the combination of direct awards, iEPCI, and Subsea Services accounting for more than 80% of total Subsea inbound in 2025. Management attributed commercial success to a fundamental shift in customer behavior from single-project focus to a 'portfolio approach,' where operators develop multiple greenfield assets in parallel to achieve industrialization. The transition away from legacy projects is nearly com ...