TechnipFMC Rides Record Subsea Margins, Lifts Outlook

TechnipFMC (FTI) reported $2.3B in Q3 orders, including $2.1B for Subsea. It secured contracts with Azule Energy, Petrobras, PETRONAS, and bp. The company raised 2026 Subsea revenue outlook to $9.6B-$9.8B and introduced a 2027 outlook of $10B-$10.4B. It expects $14.5B in Subsea orders over the next five quarters, with a strong offshore market outlook.

Eni awarded $1.8B in contracts for a Mediterranean gas project. Baker Hughes, McDermott, Halliburton, TechnipFMC, Oceaneering, Saipem, China Merchants, and Petrojet are involved. The project, costing up to $3B, aims to start operations between late 2026 and early 2027, marking Cyprus as a natural gas exporter.

TechnipFMC (FTI) stock fell 6.2% on October 29, 2026, despite beating Q3 2026 earnings and revenue estimates. Adjusted EPS was $1.05 vs. $0.88 expected, and revenue was $2.90B vs. $2.79B expected. The company raised its 2026 outlook for Subsea revenue and free cash flow but expects Q4 Subsea revenue to decline due to seasonality.

TechnipFMC PLC (FTI) reported Q3 2026 earnings, expecting Q4 Subsea revenue and EBITDA margin declines due to seasonality. The company anticipates potential delays in large projects, affecting 2026 order intake. Services revenue growth is now expected to align with overall Subsea segment growth. CEO Doug Pferdehirt emphasized structural, not cyclical, shifts driving offshore activity. CFO Alf Melin attributed 2027 incremental margin expectations to backlog quality and execution.

FTI Consulting reported record Q3 2026 earnings, with adjusted EPS of $3.84, normalized to $2.90. Growth was driven by success fees, a lower tax rate, and improved Economic Consulting performance. Management expects a multi-year recovery for this segment and $80M in annualized cost savings. Q4 guidance assumes typical seasonality. The company recorded restructuring and litigation charges, with GAAP EPS reduced by $0.13. Management remains focused on organic growth and share repurchases.

TechnipFMC (FTI) reported Q3 2026 earnings, highlighting $2.1B in subsea orders, including contracts with Chevron, Petrobras, and Petronas. The company delivered its first Subsea 2.0 tree for Chevron's Gorgon Stage 3 project and won awards for flexible pipe installation and ESG governance. Revenue was $2.9B, with adjusted EBITDA of $636M. The company expects sustained subsea market growth, with a $32B opportunity list and $14.5B in orders over the next five quarters.