NCS Multistage Q4 revenue rises 13%

Reuters
03/05
NCS Multistage Q4 revenue rises 13%

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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