Oilfield services firm NCS' Q3 revenue beats estimates, helped by ResMetrics acquisition

NCS Multistage Holdings

29/10/2025 20:41

Overview

NCS Q3 revenue grows 6% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 slightly misses analyst estimates

Company highlights strong contributions from ResMetrics acquisition

Outlook

Company expects market conditions to deteriorate, including reduced Canadian drilling activity

NCS anticipates potential oversupply in oil market due to OPEC+ production increases

Company cites ongoing uncertainties related to tariffs and trade impacting outlook

Result Drivers

REVENUE GROWTH - Total revenues increased by 6% yr/yr, driven by the acquisition of ResMetrics and growth in U.S. and international markets

RESMETRICS IMPACT - ResMetrics acquisition contributed significantly to service revenue growth, particularly in tracer diagnostics

CANADIAN MARKET DECLINE - Canadian revenues declined 19% due to reduced rig counts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$46.50 mln
$46.05 mln (2 Analysts)
Q3 Adjusted EBITDA
Miss
$7 mln
$7.02 mln (2 Analysts)

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 $40.50, about 0.6% below its October 28 closing price of $40.74

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNXbmCLDj

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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.)