TechnipFMC Announces Third-Quarter 2026 Results

Doug Pferdehirt, Chair and CEO of TechnipFMC

“Our quarterly results reflect strong operational performance throughout the organization. Total Company revenue in the period was $2.9 billion, with adjusted EBITDA of $636 million, when excluding foreign exchange impacts. We generated free cash flow of $470 million. These results reflect consistency in our execution and reinforce customer trust and confidence in our capabilities.”

Doug Pferdehirt, Chair and CEO of TechnipFMC

“We recently achieved several operational milestones, all further strengthening our track record of client success in advancing offshore projects. We delivered the first Subsea 2.0(®) tree for Chevron’s Gorgon Stage 3 project, representing the first tree delivered under our 20-year Subsea 2.0(®) frame agreement. We also celebrated the manufacture and delivery of the 200th subsea tree for ExxonMobil in Guyana. These examples highlight the collective efforts of our global teams, delivering projects on schedule—and in many cases ahead of schedule—giving our customers greater confidence in sanctioning offshore projects.”

Doug Pferdehirt, Chair and CEO of TechnipFMC

“Turning to inbound orders, we announced three Subsea awards for the third quarter. We secured multiple contracts to supply flexible pipe systems, the first for Azule Energy in Angola, and the second for Petrobras in support of multiple pre-salt fields in Brazil. We were also awarded an integrated contract from PETRONAS for the Limbayong project, one of three iEPCI(®) awards in the period. Subsea orders in the quarter totaled $2.1 billion.”

Doug Pferdehirt, Chair and CEO of TechnipFMC

“We continue to enhance our customer relationships through collaborative partnerships. Our recent Strategic Collaboration Agreement with PETRONAS establishes TechnipFMC as their deepwater development partner, creating potential opportunities for growth across multiple projects over the coming years. We also announced a Memorandum of Understanding last week with bp, under which TechnipFMC will be the preferred strategic supplier of 20K systems for their Paleogene program in the Gulf of America.”

Doug Pferdehirt, Chair and CEO of TechnipFMC

“Both of these agreements exemplify our focus on client relationships and reinforce the value of customer engagement. These relationships become increasingly more valuable as clients adopt a portfolio approach to offshore development, optimizing opportunities across their entire asset base rather than simply advancing individual projects.”

Doug Pferdehirt, Chair and CEO of TechnipFMC

“Looking ahead, we remain optimistic about the durability of the subsea market. We have high visibility, supported by a sustained increase in deepwater activity—with significantly improved project economics—and a shift in operator capital toward prolific, high-quality offshore reservoirs. This outlook is reflected in our Subsea Opportunities List, which has increased for the ninth consecutive quarter to $32 billion, when using the midpoint of project values.”

Doug Pferdehirt, Chair and CEO of TechnipFMC

“The robust pipeline of opportunities supports our expectation for further growth, and if we extend our view to include 2027, we expect Subsea orders over the next five quarters to be at least $14.5 billion. The momentum in order growth should also lift the quality of our inbound, with substantially more Subsea 2.0(®), iEPCI(®), and direct awards expected in the year ahead. We also believe this marks the beginning of a sustained wave of activity that will extend beyond the end of the decade.”