15 Small-Cap Energy Stocks Hedge Funds Are Buying

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4. TechnipFMC (NYSE:FTI)

Market Capitalization as of April 25: $11.88 billion

Number of Hedge Fund Holders: 56

TechnipFMC (NYSE:FTI) engages in energy projects, technologies, systems, and services businesses. It has two segments: Subsea and Surface Technologies. It offers the design, engineering, procurement, manufacturing, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipeline systems, which are used in oil & natural gas production and transportation.

The company’s Subsea segment made $1.9 billion in Q1 2025 revenue, which was a significant portion of the total company revenue of $2.2 billion. While this reflects a 5% sequential decrease due to typical offshore seasonality and lower activity in certain regions, the segment secured strong inbound orders of $2.8 billion. This drove the Subsea backlog to $14.9 billion, within a total company backlog of $15.8 billion. The adjusted EBITDA for the Subsea segment was $335 million, with a strong margin of 17.3%.

TechnipFMC (NYSE:FTI) now anticipates low double-digit sequential revenue growth for the Subsea segment in Q2 2025, with an expected increase in adjusted EBITDA margin of ~4%. The company expects to deliver ~$10 billion of Subsea inbound orders in 2025, driven by the adoption of its integrated iEPCI model and Subsea 2.0 tech. These are gaining traction with clients for deepwater developments.

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