Technipfmc Plc Stock Price, News & Analysis

TechnipFMC (NYSE: FTI) has secured a long-term charter and services contract with Petrobras (NYSE: PBR) for the pipelay support vessel Coral do Atlântico. This three-year contract, starting in Q2 2022, includes an option for extension and highlights the increasing demand for flexible pipelay services in Brazil. The vessel will operate in ultra-deepwater environments, emphasizing TechnipFMC's strong relationship with Petrobras. The contract value is classified as 'substantial,' estimated between $250 million and $500 million.

TechnipFMC plc (NYSE:FTI) reports that as of September 29, 2021, its capital comprises 450,700,480 ordinary shares at USD 1.00 each. No shares are held in treasury, resulting in 450,700,480 total voting rights. TechnipFMC is a leading technology provider for traditional and new energy sectors, focusing on integrated projects and solutions. The company is committed to reducing carbon intensity and aiding energy transition through innovative technologies across its Subsea and Surface Technologies segments.

TechnipFMC plc (NYSE: FTI) has extended its cash tender offer for up to $250 million of its 6.500% Senior Notes due 2026. The new expiration time is set for 11:59 p.m. New York City time on October 7, 2021. As of September 14, 2021, approximately $164.1 million of the notes were validly tendered and accepted on September 15, 2021. An Early Tender Premium of $30.00 applies until the expiration time. The company may prorate the purchase if more than the maximum amount is tendered. Citigroup and BofA Securities are acting as dealer managers for this offer.

TechnipFMC plc (NYSE: FTI) has extended its cash tender offer to purchase up to $250 million of its 6.500% Senior Notes due 2026. The new expiration for the tender offer is set for 11:59 p.m., New York City time, on October 7, 2021. As of September 14, 2021, $164,113,000 in notes were tendered. The company will apply an Early Tender Premium of $30.00 during this period. Financial institutions involved include Citigroup and BofA Securities.

TechnipFMC (NYSE:FTI) will release its third quarter 2021 earnings on October 20, 2021, after market close. A conference call is scheduled for October 21, 2021, at 1 p.m. London time (8 a.m. New York time). The event will be streamed live on its website and will be archived for later viewing. TechnipFMC specializes in technology solutions for the energy sector, focusing on integrated projects and services that enhance project economics and support energy transition goals, employing around 20,000 people worldwide.

TechnipFMC plc (NYSE: FTI) announced the results of its cash tender offer for up to $250 million in 6.500% Senior Notes due 2026 as of the Early Tender Time on September 14, 2021. A total of $164,113,000 of Notes were tendered without proration. Holders of validly tendered Notes will receive $1,075 per $1,000 principal amount, which includes a $30 Early Tender Premium. The offer expires at 11:59 p.m. on September 28, 2021. Proration may occur if the tendered amount exceeds $250 million. Citigroup and BofA Securities are acting as dealer managers for the Tender Offer.

TechnipFMC filed a Current Report on Form 8-K on September 8, 2021 to revise financial information from its Annual Report on Form 10-K for the fiscal year ended December 31, 2020.

The update reflects changes due to the spin-off of its former Technip Energies segment, executed on February 16, 2021. Shareholders received shares of Technip Energies N.V. as part of this transaction. The report includes revised disclosures in the Management's Discussion and Analysis and related financial statements, but does not reflect recent events post-2020 filing.

TechnipFMC (NYSE:FTI) announced the sale of 17.6 million shares of Technip Energies N.V. to HAL Investments at €11.15 per share, totaling €196.2 million in gross proceeds. Following the transaction, TechnipFMC will maintain a 12.3% stake in Technip Energies, while HAL commits to a 180-day lock-up for its shares. The sale will occur in two phases, with the first expected shortly and the second dependent on regulatory approvals, anticipated early in Q4 2021. A 60-day lock-up for TechnipFMC's remaining shares expires on October 2, 2021.

TechnipFMC (NYSE: FTI) announced that CEO Doug Pferdehirt will speak at the Barclays CEO Energy-Power Conference on September 8, 2021, at 10:55 a.m. EDT. The event will be held virtually, and a live webcast will be available on the company's Investor Relations website. TechnipFMC is a leading technology provider for the energy industry, focusing on integrated projects and services aimed at improving project economics while reducing carbon emissions. The company is structured into Subsea and Surface Technologies segments, driving innovation through proprietary technologies.