TechnipFMC (NYSE:FTI) Issues Quarterly Earnings Results

TechnipFMC (NYSE:FTI) announced its quarterly earnings data on Thursday. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11, FiscalAI reports. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS.

Here are the key takeaways from TechnipFMC’s conference call:

• Strong second-quarter execution produced $2.8 billion in revenue, $601 million of adjusted EBITDA, a 21.8% margin excluding foreign exchange, and $488 million of free cash flow.
• TechnipFMC raised its 2026 adjusted EBITDA outlook to approximately $2.19 billion and expects free cash flow of about $1.45 billion, the high end of its prior guidance range.
• Subsea orders totaled $2.5 billion in the quarter, and management remains confident in achieving approximately $10 billion of subsea inbound orders in 2026, with larger greenfield projects expected to support an order step-up from 2027 through the end of the decade.
• Subsea adjusted EBITDA margin reached 23.2%, supported by strong project execution, higher EPCI activity, standardized solutions, and a higher-quality backlog; management expects margins to improve gradually into 2027.
• Surface Technologies revenue fell 3% sequentially to $276 million because of lower Middle East activity related to the ongoing conflict and weaker North American activity; full-year revenue is now expected near the low end of guidance.

TechnipFMC Price Performance

TechnipFMC stock traded down $2.72 during mid-day trading on Thursday, reaching $69.01. 6,844,635 shares of the company’s stock traded hands, compared to its average volume of 3,353,898. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.51 and a beta of 0.70. The stock has a 50 day moving average of $69.47 and a two-hundred day moving average of $66.95. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC has a 12-month low of $34.27 and a 12-month high of $77.92.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, August 18th. TechnipFMC’s payout ratio is currently 7.63%.

Hedge Funds Weigh In On TechnipFMC

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in shares of TechnipFMC by 26.7% during the 4th quarter. AQR Capital Management LLC now owns 16,866,408 shares of the oil and gas company’s stock valued at $751,567,000 after buying an additional 3,549,839 shares in the last quarter. State Street Corp increased its stake in TechnipFMC by 62.2% during the third quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company’s stock worth $508,276,000 after acquiring an additional 4,938,498 shares during the last quarter. Invesco Ltd. increased its stake in TechnipFMC by 64.9% during the fourth quarter. Invesco Ltd. now owns 11,272,089 shares of the oil and gas company’s stock worth $502,284,000 after acquiring an additional 4,437,960 shares during the last quarter. Boston Partners raised its position in TechnipFMC by 2.0% during the third quarter. Boston Partners now owns 9,861,982 shares of the oil and gas company’s stock valued at $389,018,000 after purchasing an additional 192,549 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in TechnipFMC by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,944,048 shares of the oil and gas company’s stock valued at $220,328,000 after purchasing an additional 180,418 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting TechnipFMC

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Second-quarter revenue increased 9.0% year over year to $2.76 billion, exceeding the $2.67 billion analyst consensus. Net income rose to $362.7 million, while EPS reached $0.91 versus $0.68 a year earlier and the $0.80 consensus estimate. TechnipFMC Announces Second-Quarter 2026 Results
• Positive Sentiment: Revenue grew 10.8% sequentially, and profitability remained healthy, with a reported net margin of 10.62% and return on equity of 34.06%. The results reinforce momentum in the company’s oilfield-services operations. FMC Technologies Surpasses Q2 Earnings and Revenue Estimates
• Neutral Sentiment: TechnipFMC set 2026 revenue guidance at $10.4 billion to $10.9 billion, implying a midpoint of approximately $10.65 billion versus the $10.6 billion consensus. While the outlook supports continued growth, it does not represent a major forecast upgrade. TechnipFMC Q2 2026 Earnings
• Positive Sentiment: The company declared a quarterly dividend of $0.05 per share, payable September 2 to shareholders of record August 18, providing continued shareholder income. TechnipFMC Dividend Announcement
• Negative Sentiment: Despite the earnings and revenue beats, the stock traded lower, suggesting investors may have expected a stronger guidance increase or more positive forward commentary. The reaction reflects high expectations after a substantial prior rise in the shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Evercore reiterated an “outperform” rating and issued a $83.00 price target on shares of TechnipFMC in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of TechnipFMC in a research note on Wednesday, June 3rd. Piper Sandler raised their price objective on TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Wall Street Zen raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, TechnipFMC currently has a consensus rating of “Moderate Buy” and an average price target of $69.64.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.