Drilling Tools International Q4 revenue falls

Drilling Tools International

05/03/2026 21:26

Overview

Oilfield services firm's Q4 revenue fell

Adjusted net income for Q4 was $1.5 mln with EPS of $0.04

Company reduced net debt and completed four acquisitions in 2025

Outlook

Drilling Tools International expects 2026 revenue between $155 mln and $170 mln

Company anticipates 2026 adjusted EBITDA of $35 mln to $45 mln

Drilling Tools International projects 2026 adjusted free cash flow of $17 mln to $22 mln

Result Drivers

MODERATE SEASONALITY - Co attributed strong Q4 results to more moderate seasonality and budget exhaustion, exceeding internal expectations

EASTERN HEMISPHERE GROWTH - Eastern Hemisphere operations nearly doubled revenue contribution to 14% of total revenue

CAPITAL DISCIPLINE - Co reduced debt by over $11 mln and conducted share buybacks

Company press release: ID:nPn7TSTsya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$38.51 mln
$37.63 mln (1 Analyst)
Q4 EPS
$0.03
Q4 Net Income
$1.22 mln
Q4 Basic EPS
$0.03
Q4 Pretax Profit
$1.10 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the oil related services and equipment peer group is "buy."

Wall Street's median 12-month price target for Drilling Tools International Corp is $3.63, about 9.2% above its March 4 closing price of $3.32

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 50 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.)