TechnipFMC Q3 2025 Financial Results

TechnipFMC, a leading technology provider to the traditional and new energy industries, has released its third-quarter 2025 financial results. The company reported strong performance across various financial metrics, reflecting its robust operational execution and strategic initiatives.

Financial Highlights

For the third quarter of 2025, TechnipFMC reported total revenue of $2.65 billion, marking a 4.4% increase from the previous quarter and a 12.7% increase year-over-year. Net income for the quarter was $309.7 million, or $0.75 per diluted share, representing a 14.9% sequential increase and a 12.8% increase year-over-year. The adjusted EBITDA was $518.9 million, with an adjusted EBITDA margin of 19.6%.

Business and Operational Highlights

The Subsea segment reported revenue of $2.32 billion, a 4.6% increase from the previous quarter, driven by increased project activity in Africa, the Americas, and Australia. The Surface Technologies segment reported revenue of $328.1 million, a 3% increase from the previous quarter, primarily due to higher activity in the North Sea and Asia Pacific.

Notable inbound orders for the quarter included significant contracts with Petrobras and ExxonMobil, contributing to a total inbound order value of $2.65 billion. The company's backlog stood at $16.81 billion, a 1% increase from the previous quarter and a 14.4% increase year-over-year.

Strategic Initiatives and Corporate Developments

TechnipFMC's Board of Directors authorized an additional $2 billion for share repurchases, bringing the total authorization to $2.3 billion. This move underscores the company's commitment to returning value to shareholders. Additionally, the company repurchased 6.5 million shares for $250 million and paid dividends totaling $20.5 million during the quarter.

The company also made significant progress in debt reduction, with short-term and long-term debt declining by $258.3 million sequentially, primarily due to the early repayment of its 6.50% Senior Notes due February 2026.

Management's Perspective

Doug Pferdehirt, Chair and CEO of TechnipFMC, expressed pride in the company's execution and commercial success, highlighting the achievement of high-quality inbound orders for 15 of the past 16 quarters. He emphasized the company's ability to deliver growth in both revenue and profitability, driven by strong project activity and strategic initiatives.

Pferdehirt also noted the company's confidence in securing $10 billion of Subsea inbound orders in 2026, supported by innovations such as the Subsea 2.0® product platform and the iEPCI™ execution model.

Future Outlook

TechnipFMC updated its financial guidance for the full year 2025, projecting free cash flow in the range of $1.3 to $1.45 billion, up from the previous guidance of $1.0 to $1.15 billion. The company also initiated Subsea financial guidance for 2026, forecasting revenue in the range of $9.1 to $9.5 billion and an adjusted EBITDA margin of 20.5% to 22%.

Original SEC Filing: TechnipFMC plc [ FTI ] - 8-K - Oct. 23, 2025