Welcome to our dedicated page for Technipfmc Plc news (Ticker: FTI), a resource for investors and traders seeking the latest updates and insights on Technipfmc Plc stock.
TechnipFMC plc (NYSE: FTI) is a technology provider to the traditional and new energy industries, and its news flow reflects this focus on integrated energy projects. The company regularly issues updates on contract awards, financial results, capital allocation decisions, and appearances at industry and investor conferences.
Many TechnipFMC news releases highlight new Subsea and Surface Technologies awards. Recent announcements describe integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contracts, Subsea 2.0® production systems, flexible risers and flowlines, and subsea equipment for developments in areas such as the Gulf of Mexico, offshore Mozambique, offshore Indonesia, and the U.K. North Sea. These items illustrate how the company applies its proprietary technologies and integrated ecosystems, including iEPCI™, iFEED™, iComplete®, and Subsea 2.0®.
Investors following FTI news will also find quarterly earnings releases, segment performance details for Subsea and Surface Technologies, and commentary on backlog, inbound orders, and free cash flow. The company’s communications discuss how its technology platforms and integrated execution models contribute to project economics and schedule certainty, as well as how offshore activity and subsea demand influence its outlook.
In addition, TechnipFMC issues news about shareholder distributions, such as quarterly dividends and share repurchase authorizations, and about management’s participation in energy and clean technology conferences. These updates provide insight into capital allocation priorities and how the company presents its strategy to the market. For a consolidated view of these developments, the FTI news page aggregates contract awards, financial updates, and strategic communications in one place.
TechnipFMC plc (NYSE: FTI) reported Q4 2021 results with total revenue of $1.5 billion, a 4.8% decline year-over-year. The company reported a net loss of $127.2 million, or $0.28 per diluted share, impacted by restructuring and impairment charges. Full-year revenue reached $6.4 billion, down 1.9%, while adjusted EBITDA increased 46.1% to $580.4 million. Inbound orders surged to $6.8 billion, reflecting a 33% increase from the prior year, bolstering a backlog of $7.7 billion. Cash flow from operations was $483.5 million, with free cash flow of $423 million, reducing net debt by 70% to $678 million.
TechnipFMC (NYSE: FTI) announced the completion of its share delisting from Euronext Paris on February 18, 2022. All shares tendered to the voluntary sales facility were successfully sold on the New York Stock Exchange prior to this delisting. The company remains listed on the NYSE under the symbol 'FTI'. This decision is part of TechnipFMC's strategy to streamline its operations and enhance shareholder value.
TechnipFMC plc (NYSE:FTI) announced that as of January 28, 2022, its capital consists of 450,700,480 ordinary shares valued at USD 1.00 each. The company holds no treasury shares, resulting in 450,700,480 total voting rights. TechnipFMC is recognized for its integrated projects and services in the energy sector, aiming to reduce carbon intensity and support energy transitions through innovative technologies. With approximately 20,000 employees, TechnipFMC emphasizes client success and industry advancement through its two business segments: Subsea and Surface Technologies.
TechnipFMC has secured a large subsea EPCI contract from Petrobras for the Búzios 6 field, valued between $500 million and $1 billion. This greenfield project will include the supply of flexible and rigid pipes, umbilicals, and more, with manufacturing primarily in location value="LC/br"Brazil. The award highlights TechnipFMC's robust relationship with Petrobras and the ongoing strength of the Brazilian subsea market. The project emphasizes local supply chain utilization and aims to minimize the carbon footprint.
TechnipFMC (NYSE:FTI) will release its fourth quarter 2021 earnings after the NYSE closes on February 23, 2022. A conference call will follow on February 24, 2022, at 1 p.m. London time (8 a.m. New York time). The event will be webcast live, with an archived version available on the company’s website post-event. TechnipFMC focuses on technology for energy industries, aiming to enhance project economics and support energy transition through innovative solutions.
TechnipFMC (NYSE: FTI) and Magnora ASA have announced their partnership's bid acceptance for an Option Agreement in the ScotWind leasing round. The planned offshore wind development in Scotland will generate about 500 MW, enough to power over 600,000 homes. The project's ambition includes achieving Consent by 2026 and starting production by 2030, aligning with Scotland's Net Zero targets. The partnership emphasizes local engagement and sustainable development throughout the project.
TechnipFMC (NYSE: FTI) has secured an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for Equinor’s Smørbukk Nord development. This contract includes a high-pressure, high-temperature subsea production system for the Åsgard field in Norway, where the company has an established presence. The project follows design work completed in 2021 and will employ TechnipFMC’s battery hybrid vessel to decrease greenhouse gas emissions. This contract is expected to enhance the company's operational portfolio in subsea engineering.
TechnipFMC (NYSE: FTI) announced that CEO Doug Pferdehirt will speak at the ATB 10th Annual Institutional Investor Conference on January 12, 2022, at 10:00 a.m. CST. The conference will be held virtually from January 11-13, 2022. The live webcast can be accessed through the Investor Relations website. TechnipFMC is a major technology provider to the energy sector, focusing on delivering integrated projects and services while supporting energy transition initiatives.
TechnipFMC plc (NYSE:FTI) announced the private sale of 9 million shares of Technip Energies N.V. at €13.15 per share, generating gross proceeds of €118.4 million. This sale represents approximately 5% of Technip Energies' share capital, leaving TechnipFMC with a 7% stake. The transaction will settle on or around January 14, 2022, and is subject to a 30-day lock-up period for remaining shares, expiring on February 9, 2022. The sale was made without a public offering and involved parties such as Bpifrance Participations SA and HAL Investments.
TechnipFMC (NYSE: FTI) announced its voluntary delisting from Euronext Paris as part of a strategic refocus on being a pure-play technology and services provider. This decision is expected to streamline operations and reduce costs, enabling a more efficient allocation of resources toward enhancing shareholder value. Following the delisting, shares will continue to be traded exclusively on the NYSE. Shareholders will have options to retain or sell their Euronext shares through a voluntary sales facility set to commence on January 12, 2022.