TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025.
Net income attributable to the company was US$309.7 million, or US$0.75 per diluted share, while adjusted net income reached US$312.1 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at US$518.9 million, with a 19.6% margin.
When excluding the after-tax impact of foreign exchange losses of US$13.1 million, net income rose to US$322.8 million, and adjusted EBITDA increased to US$531.4 million.
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In Technip FMC’s October 23 announcement, Chair and Chief Executive Officer (CEO) Doug Pferdehirt said the company’s ability to maintain strong commercial momentum continues to underpin its financial performance. “I am very proud of the continued strength in our execution and the delivery of another quarter of high-quality inbound, with 15 of the past 16 quarters achieving a book-to-bill above one. This commercial success is the cornerstone of our ability to deliver growth in both revenue and profitability.”
He said total revenue reached US$2.6 billion, with adjusted EBITDA of US$531 million when excluding foreign exchange impacts. “We generated free cash flow of US$448 million and distributed US$271 million through dividends and share repurchases, continuing to deliver on our commitment to return a significant portion of free cash flow to shareholders.”
The company’s subsea segment recorded revenue of US$2.32 billion, an increase of 4.6% compared to the previous quarter, driven by higher project activity in Africa, the Americas, and Australia. Operating profit rose to US$401.3 million, with a margin of 17.3%, while adjusted EBITDA reached US$505.6 million, maintaining a 21.8% margin.
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Subsea inbound orders totaled US$2.4 billion, supported by major awards from Petrobras in Brazil and ExxonMobil in Guyana. Pferdehirt said the company sees sustained opportunities ahead, “We believe that offshore projects will continue to receive an increasing share of capital investment. The change in spending allocation is due in part to the significant improvements made in developing the large, high-quality, and prolific reservoirs found offshore.”
He said innovations such as the company’s Subsea 2.0® platform and its fully integrated engineering, procurement, construction, and installation model – known as iEPCI™ – provide greater schedule certainty and enhance customer value. Pferdehirt added, “Higher economic returns and greater project certainty are providing sustainability to current activity levels, underpinning our outlook in securing US$10 billion of Subsea inbound orders in 2026.”
TechnipFMC’s Board of Directors also approved additional share repurchases of up to US$2 billion, which Pferdehirt described as a reflection of confidence in the company’s long-term outlook. “The significant increase to our share authorization exemplifies our confidence in the outlook, as well as our commitment to maximize shareholder value,” he stated.
