TechnipFMC Q3 revenue rises year-over-year on Subsea project activity

TechnipFMC

29/10/2026 10:59

Overview
Energy technology provider's Q3 revenue rose 9.4% yr/yr to $2.9 bln
Adjusted EPS for Q3 increased 40% yr/yr to $1.05
Company raised full-year 2026 Subsea revenue guidance

Outlook
TechnipFMC raises 2026 Subsea revenue guidance to $9.6-$9.8 bln
Company expects 2027 Subsea revenue between $10.0 bln and $10.4 bln
TechnipFMC anticipates Subsea inbound orders of at least $14.5 bln over next five qtrs

Result Drivers
PROJECT ACTIVITY - Increased Subsea project activity in Indonesia and Brazil and higher services activity drove sequential revenue growth
EXECUTION - Co attributed improved operating profit to strong execution and higher project and services activity
MILESTONES - Co cited delivery of Subsea 2.0 trees for Chevron and ExxonMobil as operational milestones supporting client confidence

Company press release: ID:nBw4MR4NJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$2.90 bln
 
Q3 Adjusted EPS
 
$1.05
 
Q3 EPS
 
$1.05
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Oct 29 - Technip Energies beats Q3 core profit forecasts as project delivery unit rebounds
Oct 27 - Baker Hughes rounds out oilfield services earnings with lower quarterly profit
Oct 28 - Philippines in talks with several countries, including Saudi Arabia, for oil storage

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)