Fmc Technologies Stock Earnings Reports

TechnipFMC reported strong operational and financial performance in Q1 2026: revenue was $2.5 billion, adjusted EBITDA was $453 million (18.2% excl. FX), and free cash flow was $277 million. Subsea delivered the bulk of results with $1.9 billion of orders driven by services and unannounced/direct awards; management highlighted a growing Subsea opportunity list (~$30 billion of potential awards over 24 months) and expects continued order momentum into 2027. Subsea 2.0 and the integrated iEPCI model remain core drivers—management indicated Subsea 2.0 represents ~80% of new orders and could represent ~50%+ of revenue recognized in 2027—supporting expectations for higher Subsea revenue and margin in 2027. Surface Technologies saw a sequential revenue decline (to $284 million) mainly from project timing in the Middle East (which represents ~4% of company revenue); margins remain resilient and Surface EBITDA dollars are expected to be in line with guidance over the year despite some revenue timing. Cash and balance sheet: cash of $961 million and net cash position of $540 million; $265 million of share repurchases plus $20 million of dividends in the quarter and a commitment to return at least 70% of free cash flow to shareholders. Management reiterated (a) confidence in achieving 2026 financial targets (and in exceeding $2.1 billion company EBITDA), (b) emphasis on reducing cycle time and capital-efficient growth, and (c) focus on industrializing SURF and scaling Subsea 2.0 and Subsea Services to capture expanding offshore opportunities across regions (Latin America, West Africa, North Sea, Asia Pacific, U.S. Gulf).