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TechnipFMC PLC FTI

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Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

TechnipFMC's Results Up Modestly in the Fourth Quarter

Preston Caldwell Equity Analyst

Analyst Note

| Preston Caldwell |

TechnipFMC reported modestly improved results in the fourth quarter. For the purposes of this note, we analyze the company's results on a pre-spin-off basis. As a reminder, TechnipFMC's former segment Technip Energies was spun off in February 2021. The new TechnipFMC still holds about a 50% stake in Technip Energies shares. We will maintain our fair value estimate and moat rating while we incorporate the results into our model. 

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Company Profile

Business Description

TechnipFMC is the largest provider of integrated deep-water offshore oil and gas development solutions, offering the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC.

Contact
One St. Paul’s Churchyard
London, EC4M 8AP, United Kingdom
T +44 2034293950
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2019
Stock Type
Employees 37,000