Companies /Energy

TechnipFMC plc

NYSE: FTI Oil & Gas Equipment & Services
$79.67
▲ $1.36 (+1.74%) today
Markets closed · 6:18am ET

Q1 2026 Earnings

Reported Apr 30, 2026, 6:46am ET · SEC source
$0.64
Beat +14.33%
EPS · est. $0.56
$2.5B
Miss −1.21%
Revenue · est. $2.5B
−13.8%
Trailing market
FTI vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%Apr 30May 1report 6:46am ETearnings+1.4%−1.9%
−2%0+2%Apr 30May 1earnings+1.4%−1.9%
FTI −1.9%S&P 500 +1.4%
−2%0+2%Apr 30May 1report 6:46am ETearnings+1.7%−1.9%
−2%0+2%Apr 30May 1earnings+1.7%−1.9%
FTI −1.9%NASDAQ +1.7%
−8%−4%0+4%Apr 29May 8report 6:46am ETearnings+3.2%−7.3%
−8%−4%0+4%Apr 29May 8earnings+3.2%−7.3%
FTI −7.3%S&P 500 +3.2%
−8%−4%0+4%Apr 29May 8report 6:46am ETearnings+5.7%−7.3%
−8%−4%0+4%Apr 29May 8earnings+5.7%−7.3%
FTI −7.3%NASDAQ +5.7%
−1.84%
Day of report
+0.29%
Next session
−6.01%
One week
−8.10%
30 days

S&P 500 over the same 30 days: +5.69%.

Did FTI Beat Earnings? Q1 2026 Results

TechnipFMC delivered a strong first quarter for 2026, posting earnings per diluted share of $0.64 against a consensus estimate of $0.56, a beat of 14.33%, even as revenue of $2.49 billion came in just 1.21% below expectations. The top line still grew 11.6% year-over-year, with the company's Subsea segment doing the heavy lifting, generating $2.21 billion in revenue, up 14.1% from a year ago, as accelerating iEPCI project activity in Brazil drove sequential momentum. Adjusted EBITDA surged 35.5% to $466.00 million, with margin expanding 330 basis points to 18.7%, reflecting the operational leverage management has been building across both segments. Net income attributable to TechnipFMC nearly doubled year-over-year to $260.50 million, compared to $142.00 million in Q1 2025. The company returned $284.70 million to shareholders in the quarter through buybacks and dividends, and reiterated full-year 2026 guidance including free cash flow of $1.30 billion to $1.45 billion, with CEO Doug Pferdehirt expressing confidence in booking $10.00 billion of Subsea orders for the full year.

Key Takeaways
  • Higher iEPCI project activity, particularly in Brazil, driving Subsea revenue growth
  • Strong execution and solid operational performance across both segments
  • Subsea adjusted EBITDA margin expansion to 20.0% driven by higher project activity
  • Sequential project revenue growth in Latin America, Africa, and North America for Subsea
  • Year-over-year revenue growth of 11.6% for total company

“Our quarterly results reflect strong operational performance throughout the Company, driven by solid execution. This early momentum positions us well to achieve our full-year financial targets.”

TechnipFMC CEO, on the earnings call

Forward Guidance & Outlook

TechnipFMC reiterated its full-year 2026 guidance unchanged from February 19, 2026: Subsea revenue of $9.2–$9.6 billion with 21–22% adjusted EBITDA margin; Surface Technologies revenue of $1.15–$1.3 billion with 16.5–18% adjusted EBITDA margin; corporate expense of $115–$125 million; net interest expense of $10–$20 million; effective tax rate of 27–31%; capital expenditures of approximately $340 million; and free cash flow of $1.3–$1.45 billion. CEO Pferdehirt expressed confidence in achieving $10 billion of Subsea orders in 2026 and signaled a step-up in inbound orders in 2027 extending through the end of the decade, supported by a Subsea Opportunities List of approximately $30 billion over the next 24 months. The company remains committed to returning at least 70% of free cash flow to shareholders.

FTI YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$700.0M$1.4B$2.1B$2.2B$2.5BRevenue$258.5M$361.8MOperating Income$142.0M$260.5MNet Income
$0$700.0M$1.4B$2.1BRevenueOperating IncomeNet Income

FTI Revenue by Segment

Subsea$2.2B+14.1%
Surface Technologies$284.3M−4.4%

Figures from SEC filings and company reports. Not investment advice.