TechnipFMC Reports 9% Revenue Growth to $2.53 Billion in Q2 2025

TechnipFMC plc reported a notable increase in financial performance for the second quarter of 2025, with total revenue reaching $2.53 billion, a 9% rise from $2.33 billion in the same period last year. The company's net income also saw a significant increase, climbing to $269.5 million compared to $186.5 million in the prior year, resulting in earnings per share of $0.65, up from $0.43. This growth was primarily driven by a substantial increase in Subsea revenue, which rose by $207.2 million, attributed to higher activity levels and a backlog that increased by 11.1% year-over-year.

In terms of operational developments, TechnipFMC's order backlog as of June 30, 2025, stood at $16.65 billion, up from $14.38 billion at the end of 2024. The Subsea segment accounted for the majority of this backlog, totaling $15.81 billion, reflecting strong demand for integrated Engineering, Procurement, Construction, and Installation (iEPCI™) projects. The company reported inbound orders of $2.83 billion for the quarter, although this represented a decline from $3.09 billion in the same quarter of the previous year, indicating a potential slowdown in new order intake.

Strategically, TechnipFMC has focused on enhancing its technological capabilities and expanding its market presence. The company has launched several innovative projects, including the first iEPCI™ solutions for carbon capture and offshore floating wind, which are expected to position it favorably in the evolving energy landscape. Additionally, the company has been active in share repurchase programs, having repurchased $500.2 million worth of shares in the first half of 2025, contributing to a total of $1.21 billion in repurchases since the program's inception.

The company’s financial health remains strong, with cash and cash equivalents totaling $950 million as of June 30, 2025, although this reflects a decrease from $1.16 billion at the end of 2024. TechnipFMC's total debt was reported at $696.3 million, down from $885.2 million, indicating a reduction in leverage. The company continues to maintain compliance with all debt covenants and has a robust liquidity position, with $1.25 billion available under its revolving credit facility.

Looking ahead, TechnipFMC maintains a positive outlook, anticipating continued growth in energy demand and investment in offshore projects. The company expects to leverage its technological advancements and operational efficiencies to capture a larger share of the market, particularly in the Subsea segment. Management has expressed confidence in achieving over $10 billion in inbound orders for the current year, contributing to a target of $30 billion in orders over the three years ending in 2025.