From Yahoo Finance: 2025-04-25 11:13:00

TechnipFMC’s order backlog increased by 17.2% to $15.82bn in Q1 2025, with two new subsea contracts valued at over $2bn. Despite a slight dip in quarterly net profit, net revenues rose. CEO Doug Pferdehirt highlighted $26bn in upcoming opportunities, with projects in Guyana, Suriname, and more.

New prospects include Equinor’s Grosbeak development and Petrobras’ Buzios-12 project, worth potentially $1bn each. Quarterly profit fell 9.6% to $142m, but net revenue increased by 9.4% to $2.23bn. Adjusted EBITDA rose by 36.1% to $343.8m, indicating a positive outlook for TechnipFMC’s future projects.



Read more at Yahoo Finance: TechnipFMC’s order backlog increases to record $15.8bn