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TechnipFMC Beats Q2 Estimates on Strong Performance of Subsea Segment
ZACKS· 2025-07-29 13:06
Core Insights - TechnipFMC plc (FTI) reported second-quarter 2025 adjusted earnings of 68 cents per share, exceeding the Zacks Consensus Estimate of 57 cents and up from 43 cents in the prior year, driven by strong performance in the Subsea segment [1][9] - The company's revenues reached $2.5 billion, surpassing the Zacks Consensus Estimate by 2.2% and increasing from $2.3 billion in the year-ago quarter [2][9] - FTI's order backlog rose to $16.6 billion, a 19.8% increase year-over-year, despite a decline in inbound orders by 8.4% to $3.1 billion [3][9] Financial Performance - Adjusted EBITDA for the Subsea unit was $482.9 million, exceeding the consensus estimate of $453 million, while the Surface Technologies unit reported adjusted EBITDA of $52.3 million, also above the consensus of $48.6 million [2] - Total costs and expenses for the quarter were $2.1 billion, a 6.3% increase from the previous year's $2 billion [8] - The company generated $344.2 million in cash flow from operations and reported free cash flow of $260.6 million [8] Segment Analysis - Subsea segment revenues totaled $2.2 billion, a 10.3% increase from $2 billion in the prior year, driven by increased project activity in the North Sea and Brazil [5][6] - Adjusted EBITDA in the Subsea segment rose by approximately 35.5% year-over-year, supported by strong execution and higher project activity [6] - Surface Technologies segment revenues were $318.4 million, up 0.6% year-over-year, with adjusted EBITDA increasing by 13.7% due to higher activity in the Middle East [7] Shareholder Returns - The board declared a quarterly cash dividend of 5 cents per share, unchanged from the previous quarter, to be paid on September 3, 2025 [3] - The company repurchased 8.3 million common shares for a total of $250.1 million, resulting in total shareholder returns of $270.7 million for the quarter [4] 2025 Outlook - FTI expects Subsea unit revenues between $8.4 billion and $8.8 billion for 2025, and Surface Technologies revenues between $1.2 billion and $1.35 billion [10] - The anticipated adjusted EBITDA margin for the Subsea segment is 19-20%, while for Surface Technologies it is expected to be 15-16% [10] - Free cash flow is projected to be in the range of $1 billion to $1.15 billion for 2025 [10]
Ovintiv Q2 Earnings Miss Estimates, Revenues Increase Y/Y
ZACKS· 2025-07-28 13:06
Key Takeaways OVV posted Q2 EPS of $1.02, missing estimates and down from $1.24 due to weak oil prices and higher costs.Revenues rose 1.3% year over year to $2.3B, beating estimates on strong hedging gains and product sales.Production exceeded guidance across all product types, with total output of 615,300 BOE/d in Q2.Ovintiv Inc. (OVV) reported second-quarter 2025 adjusted earnings per share of $1.02, which missed the Zacks Consensus Estimate of $1.04. The bottom line also decreased from the year-ago level ...
Liberty Energy Q2 Earnings Miss, Sales Beat Estimates, Both Fall Y/Y
ZACKS· 2025-07-28 13:06
Key Takeaways LBRT posted Q2 adjusted EPS of 12 cents per share, missing estimates and down from 61 cents a year ago.Revenues beat estimates at $1B but fell 10% year over year due to weaker completions activity.LBRT is scaling fleet capacity and expanding simul frac services amid slowing second-half activity.Liberty Energy Inc. (LBRT) reported a second-quarter 2025 adjusted net income of 12 cents per share, missing the Zacks Consensus Estimate of 14 cents. Moreover, the bottom line decreased sharply from th ...
Core Laboratories Q2 Earnings Beat Estimates, Expenses Increase Y/Y
ZACKS· 2025-07-25 12:41
Key Takeaways CLB beat earnings estimates but saw YoY decline due to weak Reservoir Description unit.CLB's free cash flow was $10.4M; debt leverage fell to the lowest level in eight years.Core Lab launched a new facility in Saudi Arabia with advanced reservoir tech tools.Core Laboratories Inc. (CLB) reported second-quarter 2025 adjusted earnings of 19 cents per share, which beat the Zacks Consensus Estimate of 18 cents. However, the bottom line decreased from the year-ago quarter’s reported figure of 22 cen ...
OMS Energy Technologies Inc. Filed 2025 Annual Report on Form 20-F
Globenewswire· 2025-07-25 11:00
SINGAPORE, July 25, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced that the Company has filed its annual report on Form 20-F for the fiscal year ended March 31, 2025 with the U.S. Securities and Exchange Commission (the “SEC”) on July 25, 2025. The annual report is available on the Company’s investor relations ...
OMS Energy Technologies Inc. Announces Fiscal Year 2025 Financial Results
Globenewswire· 2025-07-24 09:00
Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, "We are extremely proud to report strong results for fiscal year 2025 in our first earnings announcement as a publicly listed company. Our double-digit revenue growth, expanded gross margin, and increase in operating profit are a direct result of our team's disciplined execution and commitment to delivering value across all areas of our business. We have also recorded several new customer wins and contract renewals since our IPO in M ...
Factors You Need to Know Ahead of NOV's Q2 Earnings Release
ZACKS· 2025-07-23 13:05
Key Takeaways NOV Inc. (NOV) is set to release second-quarter 2025 results on July 28, 2025. The Zacks Consensus Estimate for earnings is pegged at 30 cents per share and the same for revenues is pinned at $2.1 billion. Let us delve into the factors that are likely to have influenced the oilfield service provider's performance in the to-be-reported quarter. But first, it is worth taking a look at NOV's performance in the last reported quarter. NOV's earnings beat the Zacks Consensus Estimate in two of the t ...
TechnipFMC to Report Q2 Earnings: What's in Store for the Stock?
ZACKS· 2025-07-21 13:05
Key Takeaways FTI is projected to post Q2 revenues of $2.49B, up 6.9% year over year, led by its Subsea segment. Subsea revenues are expected to grow 7.5% to $2.16B, supporting overall top-line expansion for FTI. Costs are likely to climb 4.3% to $2.12B, with inflation and labor tightness possibly weighing on margins.TechnipFMC plc (FTI) is set to release second-quarter fiscal 2025 results on July 24. The Zacks Consensus Estimate for earnings is pegged at 57 cents per share on revenues of $2.49 billion.Le ...
What's in Store for Oceaneering International Stock in Q2 Earnings?
ZACKS· 2025-07-18 13:06
Core Viewpoint - Oceaneering International, Inc. (OII) is expected to report second-quarter earnings on July 23, with earnings estimated at 42 cents per share and revenues at $698.5 million, reflecting a year-over-year increase of 4.4% from $668.8 million in the same quarter last year [1][7]. Group 1: Recent Performance - In the last reported quarter, OII's earnings were 43 cents per share, exceeding the Zacks Consensus Estimate by 7 cents, driven by strong operating income from Subsea Robotics and Offshore Projects Group [2]. - OII's revenues for Q1 were $675 million, surpassing the Zacks Consensus Estimate by 1.7% [2]. - Over the past four quarters, OII has beaten the consensus estimate once and missed three times, with an average negative surprise of 10.2% [3]. Group 2: Revenue and Growth Factors - The anticipated revenue growth for OII in Q2 is attributed to increased demand from the offshore energy industry, particularly in deepwater exploration and production [4]. - The Subsea Robotics segment is projected to see a revenue increase of approximately 13%, contributing significantly to the overall revenue growth [5]. - OII's backlog is expected to improve by about 20% year-over-year, indicating strong future demand [5]. Group 3: Cost and Margin Considerations - OII's cost of services and products is projected to rise by 3.2% to $566 million, which may pressure profit margins [9]. - Selling, general, and administrative expenses are expected to increase from $59.8 million to $62.6 million during the same period [9]. Group 4: Market Position and Client Relationships - OII benefits from strong relationships with financially stable exploration and production companies, which provide consistent revenues and stability [6]. - The company's focus on long-term contracts helps mitigate exposure to short-term market fluctuations, contributing to a more stable revenue stream [8].
Core Laboratories to Post Q2 Earnings: Key Metrics to Watch
ZACKS· 2025-07-17 13:05
Key Takeaways CLB's Q2 revenues are projected at $129.3M, down 1% year over year. Reservoir and production segment sales are likely to have fallen due to tariffs and global uncertainties. CLB's operating expenses are expected to rise 0.4%, potentially pressuring its profit margins.Core Laboratories Inc. (CLB) is set to release second-quarter 2025 results on July 23, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 18 cents per share on revenues o ...