TechnipFMC Plc (FTI) shares surged 8.35% in pre-market trading on Thursday, following the company's strong fourth-quarter results and raised full-year 2025 guidance. The stock's pre-market soar came after the oilfield services company reported better-than-expected earnings and revenue for the fourth quarter of 2024, while also increasing its outlook for the Subsea segment.
For the full year 2025, TechnipFMC raised its guidance for the Subsea segment, projecting revenue in the range of $8.4 billion to $8.8 billion, up from the previous range of $8.3 billion to $8.7 billion. Additionally, the company expects the Subsea adjusted EBITDA margin to be between 19% and 20%, an increase from the prior guidance of 18.5% to 20%.
TechnipFMC's fourth-quarter 2024 adjusted earnings per share came in at $0.54, beating analysts' estimates of $0.35. Revenue for the quarter was $2.37 billion, also surpassing expectations of $2.30 billion. The strong results and improved outlook for 2025 drove the significant pre-market rally in TechnipFMC's stock.