Stock Data
$0.35 (0.50%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS EQUIPMENT & SERVICES
TechnipFMC plc is a global leader in energy projects, technologies, and services, with a focus on the oil and gas sector. Headquartered in Houston, Texas, and founded in 1884, the company operates in two main segments: Subsea and Surface Technologies. In the Subsea segment, it offers comprehensive services including the design, engineering, and installation of subsea systems and infrastructure for oil and gas production. The Surface Technologies segment provides equipment and services for onshore and shallow water oil and gas exploration and production. TechnipFMC is known for its innovative solutions like the Subsea Studio and iComplete systems, enhancing efficiency and safety in energy operations worldwide.
TechnipFMC beat earnings for a fourth straight quarter with $0.91 EPS, extending a hot streak in its Subsea segment where margins hit 19.6% as North Sea and Mediterranean project activity accelerated. Management now expects both Subsea revenue and free cash flow to track toward the high end of full-year guidance.
55 Articles
Our top personal finance-related articles today. Your wallet will thank you later.
