Innovex Q4 revenue rises 14% sequentially

Innovex International

23/02/2026 21:21

Overview

Oilfield services firm's Q4 revenue up 14% sequentially to $274 mln

Adjusted EBITDA rose sequentially and from a year ago

Company highlighted strong free cash flow and subsea product deliveries

Outlook

Innovex expects Q1 2026 revenue between $225 mln and $235 mln

Company anticipates Q1 2026 Adjusted EBITDA of $38 mln to $42 mln

Innovex plans to improve subsea margins by year-end 2026

Result Drivers

SUBSEA DELIVERIES - Higher-than-expected subsea product deliveries contributed to revenue growth, according to CEO Adam Anderson

ACQUISITION SYNERGIES - Revenue synergies from DWS and Citadel acquisitions boosted Q4 results, per CEO Adam Anderson

XPak TECHNOLOGY - Deployment of XPak technology in Brazil and onshore supported revenue growth, according to CEO Adam Anderson

Company press release: ID:nBw2KbRmBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$273.60 mln
Q4 EPS
$0.20
Q4 Net Income
$13.97 mln
Q4 Adjusted EBITDA
Beat
$52.11 mln
$43.60 mln (1 Analyst)
Q4 Capex
$9 mln
Q4 Operating income
$25.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

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

Wall Street's median 12-month price target for Innovex International Inc is $27.00, about 6% above its February 20 closing price of $25.47

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 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.)