Overview
Oilfield services firm's Q4 revenue rose 13% yr/yr
Adjusted EBITDA for Q4 increased
Company's U.S. revenue surged 69%, driven by product and service growth
Outlook
NCS expects U.S. customer activity to decrease in 2026
Company anticipates flat customer activity in Canada for 2026
Result Drivers
U.S. MARKET GROWTH - U.S. revenues increased 69%, driven by higher sales of sliding sleeves and frac plugs
RESMETRICS CONTRIBUTION - ResMetrics acquisition added $2.8 mln to service revenue
INTERNATIONAL SALES - Growth in North Sea and Middle East product sales boosted international revenue
Company press release: ID:nGNXbm5lfl
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $50.60 mln | $45.07 mln (2 Analysts) |
Q4 Adjusted EBITDA | Beat | $9.20 mln | $6.005 mln (2 Analysts) |
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the oil related services and equipment peer group is "buy."
Wall Street's median 12-month price target for NCS Multistage Holdings Inc is $49.50, about 23.6% above its March 3 closing price of $40.06
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)