Report
Baptiste Lebacq

TechnipFMC : Energy Security translates into Capacity Security

>Outperform reiterated and TP raised to $ 19 - TechnipFMC has made optimistic comments about the outlook for the Subsea segment and raised its guidance for 2025. In a supercycle lasting several years, clients are now looking to secure the availability of certain assets, providing stronger visibility on the future. Following the results release, we have increased our 2023-25 estimates by an average of 22%. Despite a year-to-date performance of around 20%, we reite...
Underlying
TechnipFMC Plc

TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

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