TechnipFMC (NYSE:FTI) Q3 2025 Earnings Beat Estimates and Announces $2 Billion Share Buyback

TechnipFMC PLC (NYSE:FTI) has reported its financial results for the third quarter of 2025, delivering performance that closely aligned with analyst revenue expectations while surpassing earnings per share estimates. The company's results and a significant new shareholder return initiative appear to be generating a positive market response in pre-market trading.

Earnings and Revenue Performance Versus Estimates

The company's third-quarter financial metrics came in largely as anticipated by the market, with a notable beat on the bottom line.

• Revenue: Reported revenue of $2.647 billion, nearly identical to the analyst estimate of $2.647 billion.
• Earnings Per Share (EPS): Reported adjusted EPS of $0.75, exceeding the analyst consensus estimate of $0.6684.

This earnings beat of over 12% demonstrates effective cost management and operational execution during the quarter. The market's initial reaction has been favorable, with the stock showing significant upward movement in pre-market trading following the announcement.

Operational and Segment Highlights

The third-quarter results were driven by strong performance in the company's core business segments, particularly Subsea.

• Subsea Segment: Revenue increased to $2.32 billion, up 4.6% sequentially and 14.4% year-over-year. The segment's adjusted EBITDA margin held steady at a robust 21.8%. Inbound orders for the quarter were $2.38 billion.
• Surface Technologies Segment: This smaller segment also showed growth, with revenue of $328.1 million, a 3% sequential increase. Its operating profit saw a significant jump of 57.3% from the previous quarter.
• Backlog and Cash Flow: The company's total backlog grew to $16.8 billion, providing strong revenue visibility. TechnipFMC also generated substantial free cash flow of $448 million during the quarter.

Shareholder Returns and Forward Outlook

A key announcement accompanying the earnings was a major enhancement to the company's capital return program. The Board of Directors authorized an additional $2 billion for share repurchases, bringing the total available authorization to $2.3 billion. This represents nearly 16% of the company's outstanding shares based on recent prices. Since July 2022, TechnipFMC has returned over $1.6 billion to shareholders through buybacks and dividends.

Regarding future performance, the company provided updated full-year 2025 guidance, increasing its free cash flow forecast to a range of $1.3 - $1.45 billion, up from the previous $1.0 - $1.15 billion. For the Subsea segment in 2026, TechnipFMC projected revenue between $9.1 - $9.5 billion. This outlook can be compared to the current analyst sales estimate for the full year 2025 of $9.996 billion, suggesting a continuation of strong performance into the next fiscal year.

Conclusion

TechnipFMC's third-quarter results reflect a company executing effectively on its operational goals, meeting revenue targets, and beating profit expectations. The substantial increase in the share repurchase program signals strong confidence in the company's financial health and future cash generation capabilities. The positive pre-market price action indicates that investors are responding favorably to both the earnings beat and the enhanced commitment to shareholder returns.

For a detailed look at historical earnings, future estimates, and analyst projections for TechnipFMC, you can review the earnings and estimates data.

Disclaimer: This article is for informational purposes only and is not intended as investment advice. The analysis is based on publicly available information and should not be construed as a recommendation to buy or sell any security. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.