Forum Energy raises annual cash flow guidance after Q3 revenue beat on strong orders

Forum Energy Technologies

31/10/2025 01:14

Overview

Oilfield services firm Forum Energy's Q3 revenue of $196 mln beats analysts' expectations despite a 2% sequential decline

Company reports Q3 net loss of $21 mln, but adjusted net income was $3 mln

Outlook

Forum Energy raises full-year free cash flow guidance to $70 mln-80 mln

Company forecasts Q4 adjusted EBITDA between $19 mln and $23 mln

Expects backlog, market share gains and cost cuts to boost 2026 results

Result Drivers

BOOKINGS AND BACKLOG - Strong orders of $240 mln driven by strength in offshore and international markets, increased the company's backlog by 21%, its highest in more than ten years

COST SAVINGS - Accelerated cost savings efforts extended annualized target by 50% to $15 mln

MARKET SHARE GAINS - Commercial and product development efforts allowed market share growth in challenging environment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$196.2 mln
$194.3 mln (2 Analysts)
Q3 Net Loss
$21 mln
Q3 Gross Profit
$40.2 mln
Q3 Operating Expenses
$46.3 mln
Q3 Operating Loss
$6.1 mln
Q3 Pretax Loss
$10.5 mln


Analyst Coverage

Wall Street's median 12-month price target for Forum Energy Technologies Inc is $31.00, about 3.9% below its October 30 closing price of $32.22

Press Release: ID:nBw7GpPtJa

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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.)