• Total Company inbound of $2.7 billion; Subsea orders of $2.5 billion
• Cash flow from operations of $548 million; free cash flow of $488 million
• Total shareholder distributions of $440 million, representing 90% of free cash flow
• Subsea revenue, adjusted EBITDA margin both tracking toward high end of guidance ranges

NEWCASTLE & HOUSTON, July 30, 2026 — TechnipFMC plc (NYSE: FTI) (the “Company” or “TechnipFMC”) today reported second-quarter 2026 results.

Summary Financial Results from Continuing Operations

Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.

Total Company revenue in the second quarter was $2,763.1 million. Net income attributable to TechnipFMC was $362.7 million, or $0.90 per diluted share. These results included after-tax charges and credits totaling $4.4 million of expense (Exhibit 6).

Adjusted net income was $367.1 million, or $0.91 per diluted share (Exhibit 6).

Adjusted EBITDA, which excludes pre-tax charges and credits, was $581.9 million; adjusted EBITDA margin was 21.1 percent (Exhibit 8).

Included in total Company results was a foreign exchange loss of $19.3 million, or a loss of $17.2 million after-tax. When excluding the after-tax impact of the foreign exchange loss, net income was $379.9 million. Adjusted EBITDA, excluding the foreign exchange loss of $19.3 million, was $601.2 million (Exhibit 8).

Doug Pferdehirt, Chair and CEO of TechnipFMC, remarked, “I am pleased to share with you another strong set of financial results, demonstrating our ability to consistently execute at a very high level. Total Company revenue in the period was $2.8 billion, with adjusted EBITDA of $601 million when excluding foreign exchange impacts. We generated free cash flow of $488 million and distributed $440 million through dividends and share repurchases, delivering on our commitment to return the majority of free cash flow to shareholders.”

Pferdehirt continued, “We achieved $2.5 billion of Subsea inbound in the quarter, including four announced awards. Much like greenfield developments, clients are now applying a portfolio approach to brownfield expansion opportunities to improve outcomes across multiple projects. These projects leverage the significant infrastructure investment already in place, as clients look to prioritize their most economic opportunities.”

“During the quarter, we were awarded several contracts offshore Norway that are great examples of this approach. Vår Energi’s award for the Ofelia and Gjøa Nord projects will utilize our integrated model across multiple fields through coordinated portfolio execution to help deliver first oil within two years. With Equinor, we will deliver subsea production systems for a portfolio of subsea tie backs, leveraging our standardized solutions to provide schedule certainty and lower costs across all projects.”

Pferdehirt concluded, “We will continue to benefit from a resilient and expanding offshore market. We remain confident in achieving $10 billion of Subsea inbound in 2026, followed by a step-up in orders in 2027, which we believe will extend through the end of the decade. Importantly, as our clients move toward more collaborative approaches to develop their offshore portfolios, we will leverage our iEPCI® execution model and our configurable solutions to drive further efficiencies and higher capital returns for both our customers and TechnipFMC.”

Operational and Financial Highlights

Subsea

Financial Highlights

Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.

Subsea reported second-quarter revenue of $2,486.9 million, an increase of 12.6 percent from the first quarter. The sequential revenue improvement was driven by increased project activity, particularly iEPCI® projects in the North Sea and the Mediterranean, partially offset by lower activity in Africa and the U.S. Gulf.

Subsea reported an operating profit of $486.5 million, an increase of 39.4 percent when compared to the first quarter. Operating results improved sequentially due to strong execution and higher project activity. Operating profit margin increased 380 basis points to 19.6 percent.

Subsea reported adjusted EBITDA of $577.2 million, an increase of 31 percent when compared to the first quarter. The factors impacting operating profit also drove the sequential increase in adjusted EBITDA. Adjusted EBITDA margin increased 320 basis points to 23.2 percent.

Subsea inbound orders were $2,507.1 million for the quarter. Book-to-bill in the period was 1.0x. The following awards were included in the period:

• Azule Energy Greater PAJ Project (Angola)
  Significant* contract by Azule Energy for flexible flowlines and risers for the Greater PAJ development offshore Angola. TechnipFMC will design and manufacture flexible flowlines and risers to connect wells in water depths approaching 2,000 meters to a new floating production unit.
  
  *A “significant” contract is between $75 million and $250 million.
• Vår Energi Ofelia and Gjøa Nord iEPCI® Projects (North Sea)
  Large* iEPCI® contract by Vår Energi for the Ofelia and Gjøa Nord projects in the Gjøa area of the North Sea. This direct award follows a five-year collaboration agreement signed in 2025 to deliver subsea projects utilizing TechnipFMC’s integrated model and accelerate development through coordinated portfolio execution.
  
  *A “large” contract is between $500 million and $1 billion. A portion of inbound was included in prior quarters.
• Eni Baleine Phase 3 Project (Côte d’Ivoire)
  Significant* contract by Eni SpA for Baleine Phase 3, a fast-track development to expand production from the largest hydrocarbon discovery offshore Côte d’Ivoire. TechnipFMC will design and manufacture flexible flowlines and risers to connect wells in water depths of approximately 1,200 meters to a new floating production unit.
  
  *A “significant” contract is between $75 million and $250 million.
• Equinor Multiple Projects (Norway)
  Multiple contracts* by Equinor for a portfolio of subsea tie-back developments offshore Norway. TechnipFMC will design and manufacture subsea production systems and associated controls for the Omega Sør, Brime, and Tyrihans Nord brownfield projects. TechnipFMC will also install rigid pipe on the TWIN development.
  
  *The total value of these contracts is between $250 million and $500 million.

Surface Technologies

Financial Highlights

Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.

Surface Technologies reported second-quarter revenue of $276.2 million, a decrease of 2.8 percent from the first quarter. The sequential decrease in revenue was driven by reduced activity in the Middle East due to the ongoing conflict, and lower activity in North America. The decrease was partially offset by higher activity in other international markets.

Surface Technologies reported operating profit of $39 million, an increase of 5.1 percent versus the first quarter. Operating profit improved sequentially due to strength in international markets, despite the revenue decline in the Middle East, and a net reduction in restructuring, impairment and other charges. Operating profit margin increased 110 basis points to 14.1 percent.

Surface Technologies reported adjusted EBITDA of $50 million, an increase of 1 percent when compared to the first quarter. Results improved due to strength in international markets, despite the revenue decline in the Middle East. Adjusted EBITDA margin increased 70 basis points to 18.1 percent.

Inbound orders for the quarter were $219.5 million, a sequential decrease of 11.7 percent. Backlog ended the period at $606.8 million.

Corporate and Other Items (three months ended June 30, 2026)

Corporate expense was $26.4 million.

Foreign exchange loss was $19.3 million.

Net interest expense was $3.6 million.

The provision for income taxes was $114.1 million.

Total depreciation and amortization was $97.1 million.

Cash provided by operating activities was $548 million. Capital expenditures were $60.1 million. Free cash flow was $487.9 million (Exhibit 11).

During the quarter, the Company repurchased 5.9 million of its ordinary shares for total consideration of $420.1 million. When including a dividend payment of $19.8 million, total shareholder distributions in the quarter were $439.9 million.

The Company ended the period with cash and cash equivalents of $991.8 million, with net cash of $589.9 million (Exhibit 10).

2026 Full-Year Financial Guidance¹

The Company’s full-year financial guidance for 2026 can be found in the table below. No updates were made to the previous guidance issued on February 19, 2026.

^{1 Our guidance measures of adjusted EBITDA margin, free cash flow and corporate expense, net, excluding charges and credits are non-GAAP financial measures. We are unable to provide a reconciliation to comparable GAAP financial measures on a forward-looking basis without unreasonable effort because of the unpredictability of the individual components of the most directly comparable GAAP financial measure and the variability of items excluded from each such measure. Such information may have a significant, and potentially unpredictable, impact on our future financial results.
2 Free cash flow is calculated as cash flow from operations less capital expenditures.}

Teleconference

The Company will host a teleconference on Thursday, July 30, 2026 to discuss the second-quarter 2026 financial results. The call will begin at 1:30 p.m. London time (8:30 a.m. New York time). Webcast access and an accompanying presentation can be found at www.TechnipFMC.com.

An archived audio replay will be available after the event at the same website address. In the event of a disruption of service or technical difficulty during the call, information will be posted on our website.

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About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries; delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI®, iFEED™ and iComplete®), technology leadership, and digital innovation.

Each of our approximately 22,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on X @TechnipFMC.

This communication contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events, market growth, and recovery, growth of our New Energy business and anticipated revenues, earnings, cash flows, or other aspects of our operations or operating results. Forward-looking statements are often identified by words such as “commit,” “guidance,” “confident,” “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “will,” “likely,” “predicated,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on our current expectations, beliefs, and assumptions concerning future developments and business conditions and their potential effect on us. While management believes these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All of our forward-looking statements involve risks and uncertainties (some of which are significant or beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections, including unpredictable trends in the demand for and price of oil and natural gas; competition and unanticipated changes relating to competitive factors in our industry, including ongoing industry consolidation; our inability to develop, implement and protect new technologies and services and intellectual property related thereto; the cumulative loss of major contracts, customers, alliances, or business disruptions; disruptions in the political, regulatory, economic and social conditions, or public health crisis in the countries where we conduct business; the impact of our existing and future indebtedness; a downgrade in our debt rating; the risks caused by our acquisition and divestiture activities; additional costs or risks from increasing scrutiny and expectations regarding sustainability matters; uncertainties related to our investments, including those related to energy transition; the risks caused by fixed-price contracts; our failure to timely deliver our backlog; our reliance on subcontractors, suppliers and our joint venture partners; a failure or breach of our IT infrastructure or that of our subcontractors, suppliers or joint venture partners, including as a result of cyber-attacks; challenges with managing artificial intelligence, machine learning, and data science; risks of pirates and maritime conflicts endangering our maritime employees and assets; any delays and cost overruns of capital asset construction projects for vessels and manufacturing facilities; potential liabilities inherent in the industries in which we operate or have operated; our failure to comply with existing and future laws and regulations, including those related to environmental protection, climate change, health and safety, labor and employment, import/export controls, currency exchange, bribery and corruption, taxation, privacy, data protection and data security; uninsured claims and litigation against us; the additional restrictions on dividend payouts or share repurchases as an English public limited company; tax laws, treaties and regulations and any unfavorable findings by relevant tax authorities; significant changes or developments in U.S. or other national trade policies, including tariffs and the reactions of other countries thereto; potential departure of our key managers and employees; adverse seasonal, weather, and other climatic conditions; unfavorable currency exchange rates; risk in connection with our defined benefit pension plan commitments; and our inability to obtain sufficient bonding capacity for certain contracts; and other risks as discussed in Part I, Item 1A, “Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and our other reports subsequently filed with the Securities and Exchange Commission.

We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.