TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through two segments, Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. The Surface Technologies segment designs and manufactures systems, as well as provides services used by oil and gas companies involved in the land and shallow water exploration and production of crude oil and natural gas. This segment also designs, manufactures, and supplies technologically advanced wellhead systems, and high pressure valves and pumps used in stimulation activities for oilfield service companies, as well as provides installation, flowback, and other services for exploration and production companies. It operates in Europe, Russia, Central Asia, the Americas, the Asia Pacific, Africa, and the Middle East. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.
IPO Year:
Exchange: NYSE
Website: technipfmc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/19/2024 | $39.00 | Overweight | Piper Sandler |
| 12/13/2024 | $38.00 | Buy | Goldman |
| 12/6/2024 | $29.00 → $40.00 | Hold → Buy | Jefferies |
| 11/18/2024 | $37.00 | Outperform | RBC Capital Mkts |
| 10/29/2024 | $32.00 | Hold → Buy | HSBC Securities |
| 10/25/2024 | $35.00 → $37.00 | Buy | TD Cowen |
| 2/23/2024 | Buy → Hold | HSBC Securities | |
| 2/23/2024 | $26.00 → $28.00 | Outperform | TD Cowen |
| 11/6/2023 | $23.50 | Outperform → Neutral | Exane BNP Paribas |
| 10/13/2023 | $18.00 → $22.00 | Buy → Hold | Jefferies |
TechnipFMC (NYSE:FTI) will host its first-quarter 2025 earnings conference call on Thursday, April 24, 2025, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website, or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies an
TechnipFMC (NYSE:FTI) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Shell for its Gato do Mato greenfield development offshore Brazil. In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil. Jonathan Landes, President, Subsea at TechnipFMC commented: "Throughout our 30-year partnership with Shell, we have built an overwhelmingly strong record of delivery. Our success in integrating and industrializing innovative solutions g
TechnipFMC (NYSE:FTI) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea. The Johan Sverdrup field, which originally began production in 2019, is now one of the largest developments in the region. This latest phase will increase production by tying in additional wells to the current infrastructure, which is powered by low-emission resources onshore. Jonathan Landes, President, Subsea at TechnipFMC commented: "It is a privilege to contribute once again to the development of this field, where we delivered subsea production systems for each of the pr
TechnipFMC (NYSE:FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will speak at the Piper Sandler 25th Annual Energy Conference on Tuesday, March 18, 2025, at 8:30 a.m. PT in Las Vegas, Nevada. The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event. An audio replay of the webcast will be available on this website for 180 days. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies and comp
Subsea inbound of $2.7 billion in the quarter; full-year orders of $10.4 billion Total Company backlog of $14.4 billion increased 9% versus the prior year Cash flow from operations of $579 million in the quarter; free cash flow of $453 million Shareholder distributions to grow at least 30% in 2025 versus the prior year Subsea inbound orders anticipated to exceed $10 billion in 2025 TechnipFMC plc (NYSE:FTI) today reported fourth quarter 2024 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2024 Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Ch
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on April 2, 2025 to shareholders of record as of the close of business on the New York Stock Exchange on March 18, 2025. The ex-dividend date is March 18, 2025. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements
TechnipFMC (NYSE:FTI) will host its fourth-quarter 2024 earnings conference call on Thursday, February 27, 2025, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website, or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary techno
TechnipFMC (NYSE:FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will speak at the Goldman Sachs Energy, CleanTech & Utilities Conference on Tuesday, January 7, 2025, at 1:40 p.m. ET in Miami, Florida. The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event. An audio replay of the webcast will be available on this website for 180 days. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technolo
TechnipFMC (NYSE:FTI) has been awarded a substantial(1) contract by Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0® production systems for the Bonga North development in Nigeria. The contract covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services. Jonathan Landes, President, Subsea at TechnipFMC, commented: "Shell was the first to adopt our Subsea 2.0® configure-to-order solution, and continues to deploy it across multiple basins—underscoring its commitment to the technology globally. This award further positions us for future deepwater opportunities in the region." (1) For TechnipFMC, a "substantial" contrac
TechnipFMC (NYSE:FTI) has been given full notice to proceed with the previously announced contract for the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies. This notice follows NEP's announcement of financial close and entry into the execution phase of the carbon dioxide (CO2) transportation and storage infrastructure in the United Kingdom's East Coast Cluster. The contract covers the supply and installation of an all-electric subsea system, including trees, manifolds, umbilicals, and infield flowlines, which will be delivered using TechnipFMC's integrated Engineering, Procurement, Construction, and I
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TechnipFMC (NYSE:FTI) (the "Company") today announced that Robert G. Gwin, former President of Anadarko Petroleum Corporation, has been appointed to its Board of Directors, effective February 1, 2023. The Company also announced that Peter Mellbye will retire from the Board and will not stand for re-election at the Company's next annual general meeting. Doug Pferdehirt, Chair and CEO of TechnipFMC, stated: "Since joining the Board in 2013, Peter has been a tremendous leader, partner and contributor. We have greatly benefitted from his leadership during the evolution of our company and wish him well in his retirement." Mr. Pferdehirt continued, "I am delighted to welcome Bob to the Board. He
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that Sophie Zurquiyah, Chief Executive Officer of CGG S.A., has been appointed to its Board of Directors and Audit Committee, effective April 1, 2021. Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to welcome Sophie to the Board. She brings a depth of knowledge to our Board, established over 30 years in our industry. With a background in geophysics, technology, sustainability, and digital transformation, Sophie is a proven global business leader who has experience as an executive and board member with international public compa
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) TechnipFMC today announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of its direct listing on the Euronext Paris Exchange where it will trade under the symbol “TE”.1 Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to announce the successful completion of the separation transaction. As the market leader and industry’s only fully integr
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- TechnipFMC plc (“TechnipFMC”) (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) announces that on 12 January 2021, it filed a Current Report on Form 8-K (the “Form 8-K”) under the U.S. Securities Exchange Act of 1934, as amended, with the U.S. Securities and Exchange Commission (the “SEC”) disclosing TechnipFMC’s entry into certain material agreements relating to TechnipFMC’s previously announced separation into two industry-leading, independent, publicly traded companies. On January 7, 2021, TechnipFMC plc (the “Company”) entered into the following agreements related to its planned separation into two industry-leading, independent, publicly t
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (“TechnipFMC”) (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) announces that on 12 January 2021, it filed a Current Report on Form 8-K (the “Form 8-K”) under the U.S. Securities Exchange Act of 1934, as amended, with the U.S. Securities and Exchange Commission (the “SEC”) disclosing TechnipFMC’s entry into certain material agreements relating to TechnipFMC’s previously announced separation into two industry-leading, independent, publicly traded companies. On January 7, 2021, TechnipFMC plc (the “Company”) entered into the following agreements related to its planned separation into two industry-leading, independ
Piper Sandler initiated coverage of TechnipFMC with a rating of Overweight and set a new price target of $39.00
Goldman initiated coverage of TechnipFMC with a rating of Buy and set a new price target of $38.00
Jefferies upgraded TechnipFMC from Hold to Buy and set a new price target of $40.00 from $29.00 previously
RBC Capital Mkts initiated coverage of TechnipFMC with a rating of Outperform and set a new price target of $37.00
HSBC Securities upgraded TechnipFMC from Hold to Buy and set a new price target of $32.00
TD Cowen reiterated coverage of TechnipFMC with a rating of Buy and set a new price target of $37.00 from $35.00 previously
HSBC Securities downgraded TechnipFMC from Buy to Hold
TD Cowen reiterated coverage of TechnipFMC with a rating of Outperform and set a new price target of $28.00 from $26.00 previously
Exane BNP Paribas downgraded TechnipFMC from Outperform to Neutral and set a new price target of $23.50
Jefferies downgraded TechnipFMC from Buy to Hold and set a new price target of $22.00 from $18.00 previously
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TechnipFMC (NYSE:FTI) will host its first-quarter 2025 earnings conference call on Thursday, April 24, 2025, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website, or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies an
Subsea inbound of $2.7 billion in the quarter; full-year orders of $10.4 billion Total Company backlog of $14.4 billion increased 9% versus the prior year Cash flow from operations of $579 million in the quarter; free cash flow of $453 million Shareholder distributions to grow at least 30% in 2025 versus the prior year Subsea inbound orders anticipated to exceed $10 billion in 2025 TechnipFMC plc (NYSE:FTI) today reported fourth quarter 2024 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2024 Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Ch
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on April 2, 2025 to shareholders of record as of the close of business on the New York Stock Exchange on March 18, 2025. The ex-dividend date is March 18, 2025. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements
TechnipFMC (NYSE:FTI) will host its fourth-quarter 2024 earnings conference call on Thursday, February 27, 2025, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website, or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary techno
Total Company backlog reached record of $14.7 billion; Subsea new record of $13.7 billion Share repurchase authorization increased by $1 billion Subsea financial guidance increased for 2025 TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported third quarter 2024 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) Sep. 30, 2024 Jun. 30, 2024 Sep. 30, 2023 Sequential Year-over- Year Revenue $2,348.4 $2,325.6 $2,056.9 1.0% 14.2% Ne
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on November 19, 2024, which is also the ex-dividend date. The Board has also authorized additional share repurchases of up to $1 billion. Together with the existing program, the Company is now authorized to repurchase shares of up to $1.2 billion, representing more than 10 percent of the Company's outstanding shares at today's closing price. Since the initial share repurchase authorization in July 2022, the Company has returned more tha
TechnipFMC (NYSE:FTI) will host its third-quarter 2024 earnings conference call on Thursday, October 24, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies a
Subsea inbound orders of $2.8 billion; book-to-bill of 1.4x Total Company backlog reached new record of $13.9 billion Cash flow from operations of $231 million; free cash flow of $180 million Full-year financial guidance increased to reflect strong operational performance TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported second quarter 2024 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, 2024 Mar. 31, 2024 Ju
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on September 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on August 20, 2024. The ex-dividend date is August 20, 2024. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking state
TechnipFMC (NYSE:FTI) will host its second quarter 2024 earnings conference call on Thursday, July 25, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed through the Investor Relations website or at https://edge.media-server.com/mmc/p/2tq8rfrd. An archived version will be available on the website following the webcast. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. Wi