Forum Energy posts Q4 revenue of $202 mln

Forum Energy Technologies

19/02/2026 22:57

Overview

Oilfield equipment maker's Q4 revenue at $202 mln

Company repurchased 11% of shares outstanding in 2025

Outlook

Forum Energy Technologies projects 2026 revenue between $800 mln and $880 mln, up 6%

Company expects 2026 adjusted EBITDA of $90 mln to $110 mln, a 16% increase

Forum Energy Technologies anticipates 2026 free cash flow of $55 mln to $75 mln

Result Drivers

DRILLING EQUIPMENT DEMAND - Strong demand for drilling-related capital equipment in international markets drove revenue growth in Drilling and Completions segment

PRODUCT MIX - Despite a 4% revenue decline in Artificial Lift and Downhole, adjusted EBITDA remained stable due to favorable product mix for sand and flow control products

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$202.20 mln
$190.50 mln (2 Analysts)
Q4 Adjusted EPS
Beat
$0.41
$0.36 (2 Analysts)
Q4 EPS
$0.17
Q4 Operating Income
$12.76 mln


Analyst Coverage

Wall Street's median 12-month price target for Forum Energy Technologies Inc is $49.00, about 7.6% below its February 19 closing price of $53.03

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nBw8CmkJ2a

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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.)