TechnipFMC plc SEC 10-Q Report

TechnipFMC plc, a global leader in subsea, onshore/offshore, and surface projects, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial growth and operational advancements, driven by increased demand in the energy sector and strategic technological innovations.

Financial Highlights

Total Revenue: $2,534.7 million, an increase of $209.1 million or 9.0% compared to the same period in 2024, primarily driven by higher Subsea revenue.

Gross Profit: $593.3 million, up from $500.9 million in the prior-year period, with Subsea gross profit increasing due to volume and favorable activity mix.

Operating Profit: $403.7 million, an increase of $95.4 million or 30.9% compared to the same period in 2024, driven by higher Subsea operating profit.

Net Income: $268.3 million, an increase of $82.0 million or 44.0% compared to the same period in 2024, reflecting improved operational performance.

Diluted EPS: $0.64, up from $0.42 in the prior-year period, reflecting higher net income attributable to TechnipFMC plc.

Business Highlights

Revenue Segments: Subsea revenue increased by $207.2 million during the three months ended June 30, 2025, driven by increased backlog related to higher energy demand and upstream spending, particularly in Brazil, Israel, Norway, and Nigeria. Surface Technologies revenue saw a slight increase of $1.9 million, with growth in the Middle East and Europe offset by declines in North America and Latin America.

Geographical Performance: The Subsea segment experienced significant growth in Brazil, Israel, Norway, and Nigeria, driven by higher iEPCI™, flexible supply, and services activities. Surface Technologies saw increased activity in the Middle East and Europe, while North America and Latin America experienced declines.

Operational Efficiency: The Subsea segment's operating profit increased by 36.9% due to improved project economics and higher energy demand. The Surface Technologies segment benefited from business transformation initiatives, contributing to operational improvements.

Future Outlook: TechnipFMC expects to exceed $10 billion in inbound orders for the current year, driven by a diversified mix of opportunities and further market adoption of the Subsea 2.0® CTO platform and iEPCI™ commercial model. The company anticipates strong activity through the end of the decade, supported by a growing list of named projects for potential final investment decisions.

Technological Innovation: The company continues to focus on technology innovation, with projects like Subsea 2.0® and iEPCI™ improving project economics and reducing cycle times. These innovations are expected to drive future growth and operational efficiency.

New Energy Initiatives: TechnipFMC is expanding its position in the New Energy sector, focusing on greenhouse gas removal, offshore floating renewables, and hydrogen solutions. A new collaboration agreement with Prysmian aims to deliver the industry's first full water-column solution for offshore floating wind.

SEC Filing: TechnipFMC plc [ FTI ] - 10-Q - Jul. 24, 2025