TechnipFMC (NYSE:FTI), the Houston-based energy services giant, reported fourth-quarter adjusted profit that significantly outpaced Wall Street expectations on Thursday, as high-margin subsea projects and improved operational efficiency offset a slight revenue miss.
The company posted net income of $242.7 million, or 59 cents per share.
Excluding one-time items, adjusted earnings reached 70 cents per share, handily beating the 51-cent average estimate of 17 analysts surveyed by Zacks Investment Research.
Revenue for the period rose 6.3% year-over-year to $2.52 billion, though it fell just short of the $2.55 billion anticipated by the market due to timing shifts in certain offshore deliveries.
The quarter was defined by robust commercial momentum in the company’s Subsea segment, which secured $2.3 billion in new orders, including a "large" integrated iEPCI™ contract for bp’s Tiber development in the Gulf of Mexico.
For the full year 2025, TechnipFMC generated $9.93 billion in revenue and more than doubled its shareholder distributions to $1 billion.
Looking ahead, the company raised its 2026 outlook, projecting total revenue between $10.35 billion and $10.9 billion.