TechnipFMC plc
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 30, 2026
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Inbound Orders and Order Backlog
Inbound orders -Inbound orders represent the estimated sales value of confirmed customer orders received during the reporting period.
| Inbound Orders | ||
|---|---|---|
| Three Months Ended March 31, | ||
| (In millions) | 2026 | 2025 |
| Subsea | $1,903.7 | $2,785.5 |
| Surface Technologies | 248.7 | 303.6 |
| Total inbound orders | $2,152.4 | $3,089.1 |
Order backlog -Order backlog is calculated as the estimated sales value of unfilled, confirmed customer orders at the reporting date. Backlog reflects the current expectations of project execution.
| Order Backlog | ||
|---|---|---|
| (In millions) | March 31,2026 | December 31,2025 |
| Subsea | $15,800.4 | $15,871.7 |
| Surface Technologies | 667.6 | 699.9 |
| Total order backlog | $16,468.0 | $16,571.6 |
Subsea - Subsea backlog of $15,800.4 million as of March 31, 2026 decreased by $71.3 million compared to December 31, 2025, and was composed of various subsea projects, including TotalEnergies Mozambique LNG and GranMorgu; bp Tiber, Kaskida and NEP; Equinor Raia and Johan Sverdrup Phase 3; Petrobras Mero 3 HISEP® and Global 24; Shell Orca; ExxonMobil Hammerhead and Whiptail; ENI Coral North, Energean Katlan and Woodside Great Western Flank Phase 4.
Surface Technologies - Order backlog for Surface Technologies as of March 31, 2026 decreased by $32.3 million compared to December 31, 2025. Surface Technologies’ backlog of $667.6 million as of March 31, 2026, was composed primarily of projects for customers in the Middle East, namely ADNOC and Saudi Aramco. The remaining backlog was composed of various projects in the rest of the world.
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