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TechnipFMC plc - FTI STOCK NEWS

Welcome to our dedicated news page for TechnipFMC plc (Ticker: FTI), a resource for investors and traders seeking the latest updates and insights on TechnipFMC plc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TechnipFMC plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TechnipFMC plc's position in the market.

News
TechnipFMC Announces First Quarter 2024 Results
Rhea-AI Summary
TechnipFMC plc (NYSE: FTI) announced its first quarter 2024 results, highlighting subsea inbound orders of $2.4 billion, a book-to-bill ratio of 1.4, three iEPCI™ awards, and shareholder distributions of $172 million. The company achieved an investment grade credit rating from S&P Global Ratings. Total revenue was $2.042 billion, with net income of $157.1 million. Adjusted EBITDA was $252.6 million, and backlog stood at $13.492 billion. Subsea revenue increased to $1.734 billion, with operating profit of $156.6 million. Surface Technologies revenue was $307.2 million, with an operating profit of $103.4 million. The company repurchased $150.1 million of shares and ended the quarter with cash and cash equivalents of $696.8 million.
Rhea-AI Impact
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End-of-Day
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earnings
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TechnipFMC Declares Quarterly Dividend
Rhea-AI Summary
TechnipFMC plc (NYSE: FTI) has declared a quarterly cash dividend of $0.05 per share, payable on June 5, 2024, to shareholders of record as of May 21, 2024. The ex-dividend date is May 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
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dividends
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News
TechnipFMC Awarded Large Subsea Contract for ExxonMobil Guyana’s Whiptail Project
Rhea-AI Summary
TechnipFMC (FTI) secures a significant subsea contract for ExxonMobil Guyana's Whiptail project, providing 48 subsea trees and 12 manifolds. The contract falls within the $500 million to $1 billion range and will be reflected in Q2 2024 orders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
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News
One Equity Partners Completes Acquisition of TechnipFMC’s Measurement Solutions Business
Rhea-AI Summary
One Equity Partners acquires TechnipFMC's Measurement Solutions business, rebrands it as Guidant, a leading provider of fiscal measurement technologies and automation solutions. Guidant offers a broad portfolio of measurement technology and digital solutions globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
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acquisition
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TechnipFMC Announces First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
TechnipFMC (FTI) to host Q1 2024 earnings conference call on April 25, 2024, with a press release prior to the call. Webcast details provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
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earnings
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News
TechnipFMC Selected by Northern Endurance Partnership to Deliver the First All-Electric iEPCI™ for Carbon Capture and Storage
Rhea-AI Summary
TechnipFMC (NYSE: FTI) has been chosen to deliver the first all-electric integrated project for the Northern Endurance Partnership (NEP) in the UK. The project involves carbon dioxide transportation and storage infrastructure for carbon capture projects, utilizing TechnipFMC's iEPCI™ model. The all-electric system simplifies field design, reduces infrastructure, and enables long-distance projects. The contract includes supply and installation of subsea systems. The project is a significant milestone for TechnipFMC and the industry, showcasing their CO2.0® technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.12%
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partnership
News
TechnipFMC Announces Fourth Quarter 2023 Results
Rhea-AI Summary
TechnipFMC plc (NYSE: FTI) reported strong financial results for the fourth quarter of 2023, with revenue growth of 22.6% year-over-year. The company's total backlog increased by 41% to $13.2 billion. Subsea orders grew by 45% to $9.7 billion, with an increased order outlook of $30 billion through 2025. Adjusted EBITDA margin was 10.5% for the full year. The company returned $249 million to shareholders in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.17%
Tags
earnings
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TechnipFMC Declares Quarterly Dividend
Rhea-AI Summary
TechnipFMC plc (FTI) declares a quarterly cash dividend of $0.05 per share, payable on April 3, 2024, to shareholders of record as of March 19, 2024. The ex-dividend date is March 18, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
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dividends
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TechnipFMC Awarded Substantial iEPCI™ Contract for Sparta Project
Rhea-AI Summary
TechnipFMC (FTI) secures a significant contract with Shell for the first 20K psi subsea production systems project in the Gulf of Mexico. The project aims to enhance project economics and marks a milestone in high-pressure technology development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
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News
TechnipFMC Awarded Significant Subsea Contract by bp in the Gulf of Mexico
Rhea-AI Summary
TechnipFMC (FTI) has been awarded a significant contract by bp (BP) for the Argos Southwest Extension project in the Gulf of Mexico. The contract, valued between $75 million and $250 million, includes the installation of pipe, umbilical, and pipeline end terminations, tying back three new wells to the Argos platform. This award was included in the fourth quarter 2023 Subsea inbound orders.
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Rhea-AI Sentiment
End-of-Day
0.59%
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TechnipFMC plc

NYSE:FTI

FTI Rankings

#730 Ranked by Market Cap
#131 Ranked by Stock Gains
#1918 Ranked by Dividends

FTI Stock Data

11.31B
434.11M
0.95%
99.21%
2.11%
Administrative Management and General Management Consulting Services
Professional, Scientific, and Technical Services
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United Kingdom
1 St Pauls Churchyard

About FTI

technipfmc is a global leader in subsea, onshore/offshore and surface projects. with our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics. we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources. each of our employees is driven by a steady commitment to clients and a culture of purposeful innovation. they challenge the conventions of the energy industry and rethink how the best results are achieved. to learn more about us and how we are enhancing the performance of the world’s energy industry, go to technipfmc.com.