TechnipFMC Q1 revenue misses estimates, adjusted EPS beats

Trane Technologies

30/04/2026 11:54

Overview

US energy technology provider's Q1 revenue rose 12% yr/yr but missed analyst expectations

Adjusted EPS for Q1 grew to $0.64, beating analyst expectations

Company returned $285 mln to shareholders, including $265 mln in share repurchases

Outlook

TechnipFMC maintains 2026 Subsea revenue guidance of $9.2-9.6 bln, EBITDA margin 21-22%

Company sees 2026 Surface Technologies revenue at $1.15-1.3 bln, EBITDA margin 16.5-18%

TechnipFMC expects 2026 free cash flow of $1.3-1.45 bln

Result Drivers

SUBSEA PROJECT ACTIVITY - Higher iEPCI project activity, especially in Brazil, and sequential growth in Latin America, Africa, and North America supported Subsea revenue and profit

SURFACE TECHNOLOGIES DECLINE - Lower revenue and profit in Surface Technologies were mainly due to the scheduled timing of project-related activity in the Middle East, with minimal impact from regional conflict

RESTRUCTURING IMPACT - Subsea operating profit improved due to higher project activity and a $52.1 mln reduction in restructuring, impairment and other charges

Company press release: ID:nBw7RC3x7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$2.49 bln
$2.52 bln (13 Analysts)
Q1 Adjusted EPS
Beat
$0.64
$0.57 (15 Analysts)
Q1 EPS
$0.64


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for TechnipFMC PLC is $69.00, about 10.4% below its April 29 closing price of $76.99

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)