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TechnipFMC Q4 2023 Earnings Report

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$28.89 +0.26 (+0.91%)
(As of 12/20/2024 05:40 PM ET)

TechnipFMC EPS Results

Actual EPS
$0.14
Consensus EPS
$0.12
Beat/Miss
Beat by +$0.02
One Year Ago EPS
-$0.05

TechnipFMC Revenue Results

Actual Revenue
$2.08 billion
Expected Revenue
$1.90 billion
Beat/Miss
Beat by +$178.53 million
YoY Revenue Growth
+22.60%

TechnipFMC Announcement Details

Quarter
Q4 2023
Time
Before Market Opens

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TechnipFMC Earnings Headlines

TechnipFMC initiated with an Overweight at Piper Sandler
TechnipFMC PLC stock rises Friday, still underperforms market
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TechnipFMC price target raised to $42 from $37 at Barclays
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About TechnipFMC

TechnipFMC (NYSE:FTI) engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. It provides subsea production and processing system; flexible pipe; subsea umbilicals, risers, and flowlines; vessels; robotics; well and asset services; and Subsea Studio for optimizing the development, execution, and operation of current and future subsea fields. The Surface Technologies segment designs, manufactures, and services products and systems used in land and shallow water exploration and production of crude oil and natural gas. This segment offers drilling; surface wellheads and production trees systems; iComplete, a pressure control system; fracturing tree and manifold systems; flexible pipes; safety and integrity systems, multiphase meter modules, in-line separation and processing systems, and standard pumps; well control and integrity systems; separation and processing systems; skid systems; and flow measurement and automation solutions. It also offers planning, testing and installation, commissioning, operations, replacement and upgrade, maintenance, storage, preservation, intervention, integrity, decommissioning, and abandonment; and supplies flowline products and services. TechnipFMC plc was founded in 1884 and is headquartered in Houston, Texas.

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