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 (NYSE: FTI) reported strong Q4 2024 results with total revenue of $2.37 billion and net income of $224.7 million ($0.52 per share). Full-year 2024 performance showed revenue of $9.08 billion and net income of $842.9 million ($1.91 per share).
Key highlights include:
- Subsea inbound orders reached $2.7 billion in Q4, with full-year orders at $10.4 billion
- Total company backlog grew 9% year-over-year to $14.4 billion
- Q4 cash flow from operations was $579 million with free cash flow of $453 million
- Full-year shareholder returns totaled $486 million, nearly double the previous year
The company announced plans to increase shareholder distributions by at least 30% in 2025 versus 2024, targeting at least 70% of free cash flow. Subsea inbound orders are anticipated to exceed $10 billion in 2025.
TechnipFMC (NYSE: FTI) has announced its Board of Directors has authorized a quarterly cash dividend of $0.05 per share. The dividend will be 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 set for March 18, 2025.
TechnipFMC (NYSE: FTI) has scheduled its fourth-quarter 2024 earnings conference call for Thursday, February 27, 2025. The call will take place at 1:30 p.m. London time (8:30 a.m. New York time). The company will release its earnings press release earlier that day at approximately 11:45 a.m. London time (6:45 a.m. New York time). Investors can access the event through the company's Investor Relations website or by registering directly. A replay of the webcast will be made available on the website after the event.
TechnipFMC (NYSE: FTI) has announced that its Chair and Chief Executive Officer, Doug Pferdehirt, will be speaking at the Goldman Sachs Energy, CleanTech & Utilities Conference. The event is scheduled for Tuesday, January 7, 2025, at 1:40 p.m. ET in Miami, Florida.
A live webcast of the speaking engagement will be accessible through the company's Investor Relations website. The company noted that there will be no presentation materials for this event. Following the live broadcast, an audio replay will remain available on the website for 180 days.
TechnipFMC (NYSE: FTI) has secured a substantial contract worth between $250 million and $500 million from Shell Nigeria Exploration and Production Company for the Bonga North development in Nigeria. The scope includes design and manufacture of Subsea 2.0® production systems, including subsea tree systems, manifolds, jumpers, controls, and services.
Shell continues to implement TechnipFMC's Subsea 2.0® configure-to-order solution across multiple basins, being the first to adopt this technology. The contract will be included in inbound orders in the fourth quarter of 2024.
TechnipFMC (NYSE: FTI) has received full notice to proceed with a major carbon capture and storage project for the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies. The contract, valued between $500 million and $1 billion, involves delivering an all-electric subsea system using TechnipFMC's integrated Engineering, Procurement, Construction, and Installation (iEPCI™) model.
The scope includes supplying and installing trees, manifolds, umbilicals, and infield flowlines for the UK's East Coast Cluster. This marks the first all-electric integrated project for carbon transportation and storage, utilizing TechnipFMC's technology to enable extended distances.
TechnipFMC has secured a major integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from TotalEnergies for the GranMorgu project in Block 58, marking the first oil and gas development offshore Suriname. The contract, valued at over $1 billion, combines TechnipFMC's subsea expertise with Saipem's EPCI solutions and J-Lay pipelay capabilities.
The scope includes Subsea 2.0® tree systems, manifolds, connectors, topside control equipment, umbilicals, flexible jumpers, and flexible risers. The award will be included in inbound orders in Q4 2024.
TechnipFMC (NYSE: FTI) has announced that its Chair and CEO, Doug Pferdehirt, will be speaking at the BofA Securities Global Energy Conference in Houston, TX. The presentation is scheduled for Wednesday, November 13, 2024, at 8:50 a.m. CT. A live webcast will be accessible through the company's Investor Relations website, with no accompanying presentation materials. An audio replay will remain available on the website for one year following the event.
TechnipFMC (NYSE: FTI) and Prysmian (MILAN: PRY) have signed a collaboration agreement to accelerate global development of floating offshore wind power. The partnership combines TechnipFMC's system design and integration expertise in dynamic offshore applications with Prysmian's leadership in submarine power cable systems. The companies will deliver an optimized solution through a fully integrated Engineering, Procurement, Construction and Installation (iEPCI™) model, covering mooring, anchoring, and dynamic inter-array and export cable systems. This integrated approach aims to improve project economics and reduce execution risks in offshore wind development.
TechnipFMC (NYSE: FTI) reported strong Q3 2024 results with revenue reaching $2,348.4 million, up 14.2% year-over-year. Net income increased 205.1% to $274.6 million, with earnings per share of $0.63. The company achieved a record total backlog of $14.7 billion, with Subsea backlog reaching a new high of $13.7 billion.
The Board authorized an additional $1 billion share repurchase program, bringing total authorization to $1.2 billion. Subsea inbound orders were $2.5 billion with a book-to-bill of 1.2. The company updated its Subsea financial guidance for 2025 and increased its shareholder distribution target for 2024.