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FTI 8-K filings, explained
Every material Form 8-K TechnipFMC has filed with the SEC since December 18, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
TechnipFMC reported third-quarter 2026 revenue of $2.9 billion, up 9.4% from a year earlier, and net income attributable to the company of $418.4 million, or $1.05 per diluted share, versus $0.75 a year earlier. The company raised its 2026 Subsea revenue guidance and its free cash flow guidance, but inbound orders fell 12.4% year over year to $2.3 billion.
Total revenue of $2,895.8 million for the quarter ended September 30, 2026, up from $2,647.3 million a year earlier
Diluted EPS of $1.05 versus $0.75 a year earlier; adjusted diluted EPS also $1.05
2026 Subsea revenue guidance raised to $9.6-9.8 billion from $9.2-9.6 billion; free cash flow guidance raised to $1.45-1.55 billion
Inbound orders of $2.3 billion, down 12.4% year over year; backlog of $16.1 billion
TechnipFMC reported second-quarter 2026 results for the period ended June 30, 2026. Revenue rose to $2,763.1 million, and net income attributable to the company was $362.7 million, or $0.90 per diluted share, compared with $0.64 in both the prior quarter and the year-earlier quarter. The company left its full-year 2026 guidance unchanged from February 19, 2026, and distributed $439.9 million to shareholders in the quarter.
Revenue of $2,763.1 million, up 10.8% from the first quarter of 2026 and 9.0% from the second quarter of 2025.
Diluted EPS of $0.90 versus $0.64 in both comparison periods; adjusted diluted EPS of $0.91.
Free cash flow of $487.9 million; total shareholder distributions of $439.9 million, which the company said was 90% of free cash flow.
2026 guidance is unchanged from February 19, 2026; the CEO said the company remains confident in achieving $10 billion of Subsea inbound in 2026.
TechnipFMC elected Eric D. Mullins, chairman and chief executive of Lime Rock Resources, to its board effective June 1, 2026, and appointed him to the Audit Committee. The board will grow from nine to ten directors as a result. The filing describes this as a board addition and does not report any change to the company's financial results or outlook.
Eric D. Mullins was elected to the board and appointed to the Audit Committee, both effective June 1, 2026.
The board size increases from nine to ten directors, effective June 1, 2026.
Mullins will receive non-executive director compensation, prorated for 2026 service, as described in the proxy statement filed March 19, 2026.
Mullins also serves on the board of Valero Energy Corporation, according to the press release.
At its May 1, 2026 Annual General Meeting, TechnipFMC shareholders elected all nine director nominees to terms expiring at the 2027 meeting and approved Amendment No. 1 to the 2022 Incentive Award Plan. Shareholders also approved the advisory say-on-pay resolution with 92.75% support, though this was the lowest of the advisory votes shown.
All nine director nominees were elected, with support ranging from 98.48% to 99.93% of votes cast.
Advisory say-on-pay for 2025 named executive officer compensation received 92.75% support, with 25,210,047 votes against.
Shareholders approved the Incentive Award Plan amendment with 98.34% support, and authorized the Board to allot equity securities with 98.77% support.
TechnipFMC reported first-quarter 2026 revenue of $2.49 billion, up 11.6% from a year earlier, and net income attributable to the company of $260.5 million, or $0.64 per diluted share, compared with $0.33 a year earlier. Inbound orders fell 30.3% year over year to $2.15 billion, and the company made no changes to its full-year 2026 guidance issued on February 19, 2026.
Revenue of $2.49 billion was up 11.6% year over year and down 1.0% from the fourth quarter of 2025.
Diluted EPS was $0.64, versus $0.33 a year earlier and $0.59 in the fourth quarter; adjusted diluted EPS was $0.64, versus $0.70 in the fourth quarter.
Inbound orders were $2.15 billion, down 16.8% sequentially and 30.3% year over year; backlog was $16.47 billion.
Free cash flow was $277 million, and total shareholder distributions were $285 million, including $265 million of share repurchases.
TechnipFMC reported fourth-quarter 2025 revenue of $2.5 billion, up 6.3% from a year earlier, with diluted earnings per share of $0.59 versus $0.52 a year earlier. Results fell from the third quarter, with revenue down 4.9% and diluted EPS down from $0.75, and the company raised its 2026 Subsea revenue and adjusted EBITDA margin guidance.
Q4 2025 revenue was $2,517.0 million, up 6.3% year over year and down 4.9% from the third quarter
Q4 diluted EPS was $0.59 (GAAP) and $0.70 (adjusted), versus $0.52 in Q4 2024; net income was $242.7 million
Subsea 2026 revenue guidance raised to $9.2-9.6 billion from $9.1-9.5 billion; adjusted EBITDA margin guidance raised to 21-22% from 20.5-22%
Full-year 2025 revenue was $9.9 billion, up 9.4%; 2026 free cash flow guidance is $1.3-1.45 billion
TechnipFMC reported third-quarter 2025 revenue of $2,647.3 million, up 12.7% from a year earlier, and net income of $309.7 million, or $0.75 per diluted share, versus $0.63 a year earlier. The company raised its 2025 free cash flow guidance to $1.3-1.45 billion and increased its share repurchase authorization by $2 billion, bringing the total available to $2.3 billion. Inbound orders of $2,648.1 million fell 4.9% from a year earlier, a figure shareholders may watch in future quarters.
Third-quarter revenue was $2,647.3 million, up 12.7% year over year; net income attributable to TechnipFMC was $309.7 million, up from $274.6 million.
Full-year 2025 free cash flow guidance raised to $1.3-1.45 billion from $1.0-1.15 billion; Surface Technologies adjusted EBITDA margin guidance raised to 16-16.5%.
Board authorized additional share repurchases of up to $2 billion, for total authorization of up to $2.3 billion as of October 22, 2025.
Inbound orders were $2,648.1 million, down 6.5% from the second quarter and 4.9% from a year earlier.
TechnipFMC reported second-quarter 2025 revenue of $2.53 billion, up 9.0% from a year earlier, and net income attributable to the company of $269.5 million, or $0.64 per diluted share, compared with $0.42 a year earlier. The company left its 2025 full-year guidance unchanged from April 24, 2025, and repurchased $250.1 million of its shares during the quarter, which matters to shareholders because earnings and cash returns both rose while guidance was not raised.
Revenue of $2,534.7 million, up 9.0% year over year and 13.5% from the first quarter of 2025.
Diluted EPS of $0.64 versus $0.42 a year earlier; adjusted diluted EPS of $0.68 versus $0.43.
Subsea inbound orders of $2.6 billion and total backlog of $16.6 billion at June 30, 2025.
2025 full-year guidance unchanged from the April 24, 2025 guidance; free cash flow of $261 million in the quarter.
TechnipFMC reported first-quarter 2025 revenue of $2.2 billion, up 9.4% from a year earlier but down 5.6% from the fourth quarter. Net income attributable to the company fell to $142.0 million, or $0.33 per diluted share, compared with $157.1 million a year earlier, while the company raised its 2025 free cash flow guidance to $1.0 billion to $1.15 billion.
Revenue $2,233.6 million, up 9.4% year over year and down 5.6% sequentially
Net income $142.0 million and diluted EPS $0.33, versus $0.35 a year earlier and $0.52 in the fourth quarter
Free cash flow of $379.9 million; 2025 free cash flow guidance raised to $1.0 billion to $1.15 billion from $850 million to $1 billion
Share repurchases of $250.1 million in the quarter; total shareholder distributions of $271.1 million
TechnipFMC reported fourth-quarter 2024 revenue of $2,367.3 million, up 13.9% from a year earlier, and net income of $224.7 million, or $0.52 per diluted share, up from $0.12 a year earlier but down 18.2% from the prior quarter. The company raised its 2025 subsea revenue guidance to $8.4-8.8 billion and said 2025 shareholder distributions would grow at least 30%, which matters to shareholders because it signals higher expected revenue and cash returns. Net income included a discrete non-cash tax benefit of $54 million.
Q4 2024 revenue was $2,367.3 million, up 13.9% year over year, and adjusted diluted EPS was $0.54, versus $0.14 a year earlier.
Subsea 2025 revenue guidance was raised to $8.4-8.8 billion from $8.3-8.7 billion; subsea adjusted EBITDA margin guidance is 19-20%, up from 18.5-20%.
Net income included a discrete non-cash tax benefit of $54 million; the company returned $486 million to shareholders in 2024.
Management expects 2025 shareholder distributions to be at least 70% of free cash flow, driving growth of at least 30% year over year.
TechnipFMC reported third-quarter 2024 revenue of $2,348.4 million, up 14.2% from a year earlier, and net income attributable to the company of $274.6 million, or $0.63 per diluted share, compared with $90.0 million a year earlier. The board also raised its share repurchase authorization by $1 billion and the company raised its 2025 Subsea revenue and margin guidance, which matters to shareholders because it signals higher capital returns and a stronger outlook.
Revenue of $2,348.4 million, up 14.2% year over year and 1.0% from the second quarter.
Net income attributable to TechnipFMC of $274.6 million ($0.63 diluted EPS), including a $60.6 million non-cash tax benefit.
Share repurchase authorization increased by $1 billion, bringing total authorized repurchases to up to $1.2 billion.
2025 Subsea revenue guidance raised to $8.3-8.7 billion from about $8 billion; adjusted EBITDA margin guidance raised to 18.5-20% from about 18%.
TechnipFMC reported second-quarter 2024 revenue of $2,325.6 million, up 17.9% from $1,972.2 million a year earlier, and net income attributable to the company of $186.5 million, or $0.42 per diluted share, compared with a loss of $87.2 million a year earlier. The company raised its 2024 guidance for Subsea revenue, Subsea adjusted EBITDA margin and free cash flow, which gives shareholders a higher outlook for the year.
Revenue of $2,325.6 million, up from $2,042.0 million in the first quarter of 2024 and $1,972.2 million in the second quarter of 2023.
Diluted earnings of $0.42 per share, compared with a loss of $(0.20) per share a year earlier; adjusted diluted EPS was $0.43.
Full-year 2024 Subsea revenue guidance raised to $7.6-7.8 billion from $7.2-7.6 billion; free cash flow guidance raised to $425-575 million from $350-500 million.
Total shareholder distributions of $121.5 million in the quarter, including $100 million of share repurchases.
TechnipFMC reported first quarter 2024 revenue of $2.04 billion, up 18.9% from a year earlier but down 1.7% from the fourth quarter. Net income attributable to the company was $157.1 million, or $0.35 per diluted share, helped by a $75.2 million gain on the sale of its Measurement Solutions business, and the company left its full-year 2024 guidance unchanged.
Revenue of $2,042.0 million, up 18.9% year over year and down 1.7% from the fourth quarter
Net income attributable to TechnipFMC of $157.1 million, or $0.35 per diluted share, versus $0.4 million a year earlier; includes a $75.2 million pre-tax gain on the Measurement Solutions disposal
Subsea inbound orders of $2.4 billion, book-to-bill of 1.4; total backlog of $13.5 billion
Shareholder distributions of $171.8 million in the quarter; full-year 2024 guidance unchanged from February 22, 2024, with distributions now expected to grow at least 70% versus 2023
TechnipFMC reported fourth-quarter 2023 revenue of $2.08 billion, up 22.6% from a year earlier, and diluted earnings of $0.12 per share, compared with a loss of $0.06 a year earlier. Sequentially, revenue rose 1.0%, while adjusted EBITDA fell 7.9% and diluted EPS fell from $0.20 in the third quarter. The company also issued 2024 guidance, including Subsea revenue of $7.2 to $7.6 billion, giving shareholders a view of expected results for the year.
Q4 2023 revenue was $2,077.7 million, up 22.6% year over year and 1.0% from the third quarter.
Diluted EPS was $0.12, versus a loss of $0.06 a year earlier and $0.20 in the third quarter of 2023.
Adjusted EBITDA was $218.7 million, up 80.9% year over year but down 7.9% from the third quarter.
2024 guidance: Subsea revenue of $7.2 to $7.6 billion and Surface Technologies revenue of $1.2 to $1.35 billion.
On January 29, 2024, TechnipFMC's Compensation Committee approved renewed Executive Severance Agreements for its CEO, Chief Technology Officer and President, Subsea, with no expiration date, and approved similar agreements for other executive officers. The agreements provide double-trigger severance if an executive is terminated or constructively terminated within 24 months after a change in control, which matters to shareholders as a governance and cost-contingent item.
Severance multiples: three times base salary and bonus for the CEO and CFO; two times for other executive officers
Health care and insurance premium coverage for 24 months, or 36 months for the CEO and CFO
Benefits are payable only after a double trigger: termination without cause or constructive termination within 24 months of a change in control
TechnipFMC appointed David Light, a company veteran since 2018, as Senior Vice President, Controller and Chief Accounting Officer, effective December 21, 2023. He succeeds Krisztina Doroghazi, who is leaving to pursue an identified opportunity and is not departing over any disagreement with the company on its operations, policies or practices.
David Light, age 39, joined TechnipFMC in 2018 and previously served as Vice President, Internal Audit and Controls.
Prior to joining the company, Light was a director at PricewaterhouseCoopers LLP's assurance practice.
Krisztina Doroghazi notified the company on December 13, 2023 that she is leaving; her resignation is also effective December 21, 2023.
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