NCS Multistage Holdings Q2 revenue beats estimates

NCS Multistage Holdings

31/07/2025 21:37

Overview

NCS Multistage Q2 revenue rises 23% yr/yr, beating analyst expectations

Net income for Q2 aided by $1.4 mln tax valuation release in Canada

Co acquires Reservoir Metrics, expanding tracer diagnostics service line

Outlook

Company remains cautiously optimistic for second half of 2025

NCS expects market conditions to deteriorate with U.S. rig count declines

Company sees potential oil market oversupply in late 2025

NCS cites ongoing uncertainties related to tariffs and trade

Result Drivers

FRACTURING SYSTEMS - Increased fracturing systems activity and frac plug sales in Canada and the U.S. drove revenue growth

INTERNATIONAL REVENUE - Decrease in tracer diagnostics activity in Middle East offset by higher sales in North Sea

ACQUISITION - Acquisition of Reservoir Metrics expected to complement tracer diagnostics offerings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$36.50 mln
$27.70 mln (2 Analysts)
Q2 Adjusted EBITDA
$2.20 mln


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 $38.50, about 22% above its July 30 closing price of $30.04

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNX2gKf9v

(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.)