Q4 2025 TechnipFMC PLC Earnings Call Transcript
Key Points
- TechnipFMC PLC (FTI) reported strong financial performance for 2025, with total company revenue growing 9% to $9.9 billion and adjusted EBITDA increasing by 33% to $1.8 billion.
- The company achieved a significant increase in free cash flow, reaching $1.4 billion, and doubled shareholder distributions to $1 billion compared to the previous year.
- TechnipFMC PLC (FTI) secured $11.2 billion in inbound orders for the year, with a backlog of $16.6 billion, indicating strong future revenue potential.
- The Subsea segment showed robust performance, with orders totaling $10.1 billion for the year, driven by the success of iEPCI projects and Subsea 2.0 offerings.
- The company anticipates further growth in its Subsea backlog, expecting $10 billion of inbound orders in the current year, supported by a growing Subsea Opportunities list valued at approximately $29 billion.
- Subsea revenue in the fourth quarter decreased by 5% compared to the third quarter, primarily due to lower activity in the North Sea and Latin America.
- Adjusted EBITDA for the Subsea segment declined by 18% sequentially, impacted by seasonally lower vessel-based activity and reduced fleet availability due to maintenance.
- Surface Technologies revenue decreased by 2% from the third quarter, driven by lower activity in North America and timing of project-related activity in the Middle East.
- The company incurred $52 million in restructuring, impairment, and other charges during the fourth quarter, impacting overall financial results.
- TechnipFMC PLC (FTI) faces challenges in maintaining high free cash flow conversion rates in the long term, with expectations to return to a neutral working capital position.
Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the TechnipFMC fourth quarter 2025 earnings conference call. (Operator Instructions)
I would now like to turn the conference over to Matt Seinsheimer, Senior Vice President of Investor Relations and Corporate Development. Please go ahead.
Thank you, Regina. Good afternoon, and good morning, and welcome to TechnipFMC's fourth quarter 2025 earnings conference call. Our news release and financial statements issued earlier today can be found on our website.
I'd like to caution you with respect to any forward-looking statements made during the call. Although these forward-looking statements are based on our current expectations, beliefs and assumptions regarding future developments and business conditions, they are subject to certain risks and uncertainties that could cause actual results to differ materially from those
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
