Onterris Q2 revenue misses estimates, cuts 2026 outlook

Onterris

05/08/2026 21:10

Overview
US environmental solutions firm's Q2 revenue and adjusted EPS fell, both missing analyst expectations
Company cut full-year 2026 revenue and adjusted EBITDA guidance due to lower emergency response revenue
Onterris announced board-led strategic review and adopted limited-duration stockholder rights plan

Outlook
Onterris lowers 2026 revenue guidance to $740 mln-$790 mln from $840 mln-$900 mln
Company cuts 2026 adjusted EBITDA outlook to $117 mln-$120 mln from $125 mln-$130 mln
Onterris expects Q3 2026 revenue of $190 mln-$210 mln and adjusted EBITDA margin of 17%-18%

Result Drivers
LOW EMERGENCY RESPONSE REVENUE - Co said revenue decline was primarily due to historically low environmental emergency response and related recovery service revenues versus an abnormally high prior-year quarter
COST OPTIMIZATION - Improved project mix and ongoing cost discipline partially offset lower revenue, supporting higher adjusted EBITDA margin
PREDICTABLE TESTING BUSINESS - Co said stable cash flow expectations are supported by relatively predictable testing business and known consulting and treatment projects

Company press release: ID:nBwhCWGNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$186.66 mln
$199.31 mln (5 Analysts)
Q2 Net Income
 
$1.37 mln
 
Q2 Income From Operations
 
$6.45 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Onterris Inc is $31.00, about 35.7% above its August 4 closing price of $22.85
The stock recently traded at 76 times the next 12-month earnings vs. a P/E of 107 three months ago

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Aug 4 - Chemours Q2 sales flat as lower volumes weigh on results

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.)